Corporate/M&A
Asia-Pacific Guide 2024 : Philippines
Band 3
Email address
[email protected]Contact number
+63 2 830 8000About
Provided by Angara Abello Concepcion Regala & Cruz (ACCRALAW)
The Firm’s Corporate and Special Projects Department (CSPD) provides advice on Philippine laws on foreign investments, particularly on doing business issues, choice of business entities, appropriate structures to comply with Filipino ownership requirements, and possible availment of fiscal and non-fiscal incentives of foreign-owned subsidiaries. CSPD has assisted Filipino, as well as foreign, investors in establishing joint ventures in the Philippines, and is well-versed with the intricacies of joint venture relationships from its creation to dissolution. It also routinely advises and assists in the establishment of other forms of business ventures in the Philippines and registration with government agencies, including the Board of Investments and the Philippine Economic Zone Authority.
CSPD has also been involved in landmark M&A transactions in the Philippines, dating back from the seventies and eighties involving the restructuring of the whole coconut industry up to the current diversifications of top Philippine companies into areas other than their core businesses. It has also been engaged in complex restructurings of conglomerates in preparation for initial public offerings and in structuring companies for purposes of complying with allowable foreign equity holdings in companies holding lands, engaged in public utilities and exploitation of natural resources, and other activities which are nationalized under Philippine laws.
Chambers Review
Angara Abello Concepcion Regala & Cruz (ACCRALAW) is well known for its work on M&A, corporate restructuring and the establishment of local subsidiaries in the Philippines. Its lawyers are experienced in acting for both national and international companies on corporate transactions, with a busy practice in the insurance, telecoms and finance sectors. The firm is able to draw on its expertise in dispute resolution in order to pre-empt conflicts. It also handles regulatory and legislative mandates and has rich experience advising on foreign equity investments. Clients include Bank of the Philippine Islands, MIESCOR Infrastructure Development and Sumitomo Mitsui Banking.
Work Highlights
- Angara Abello Concepcion Regala & Cruz advised Warburg Pincus on its acquisition of 60% shares in MAPFRE Insurance and its proposed joint venture with Insular Life.
- The firm also advised Nomura Real Estate Development on its joint venture with Federal Land for township development.
Strengths
Provided by Chambers
"They are very easy to speak to and are approachable. They have been able to deliver well on our transactions and have consistency."
"They are very easy to speak to and are approachable. They have been able to deliver well on our transactions and have consistency."
Notable Practitioners
Judy Hao is a senior partner at Angara Abello Concepcion Regala & Cruz. She is acknowledged for her corporate work, with extensive experience in acquisitions and investments.
"She is very dependable and really makes the effort to give the right advice. She looks at things holistically."