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Alain Charles Veloso

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Alain Charles Veloso is a partner in Quisumbing Torres’ Corporate & Commercial Practice Group. He has 11 years of legal practice, advising several investment banks, funds, and multinational corporations with regard to their transactions in the Philippines, including private and public M&A transactions, debt, and equity capital markets transactions, and structuring and establishment of their Philippine presence, as applicable.

Recent developments The Philippine Securities and Exchange Commission (SEC) has recently issued SEC Memorandum Circular No. 9 Series of 2020 (SEC MC No. 9) to provide guidelines for the filing of General Information Sheet (GIS) during the Enhanced Community Quarantine (ECQ) period imposed due to the Coronavirus Disease 2019 (COVID-19)…

Recent developments The Philippine Securities and Exchange Commission (SEC), in a Notice dated 18 March 2020, made the following amendments to SEC Memorandum Circular No. 5 Series of 2020 (SEC MC No. 5), which extended the period for submission of Annual Reports and Annual Financial Statements (AFS) of Philippine companies:…

Recent developments The Philippine Securities and Exchange Commission (SEC) has issued SEC Memorandum Circular No. 5 Series of 2020 (SEC MC No. 5), which extends the period for submission of Annual Reports (on SEC Form 17-A, which is applicable to publicly-listed companies) and Annual Financial Statements (AFS) of Philippine companies.…

Recent Developments The Supreme Court has recently issued A.M. No. 19-08-06-SC or the “Rule on Administrative Search and Inspection under the Philippine Competition Act” (Rules). The Rules govern the procedure to apply for, the issuance, and enforcement of, inspection orders for administrative investigations of alleged violations of the Philippine Competition…

Recent developments On 18 June 2019, the Philippine Competition Commission (PCC) published its Rules on Expedited Merger Review (Expedited Review Rules) which aims to fast-track the review of transactions deemed less likely to result in substantial lessening of competition in the Philippine markets. Under the new rules, the PCC’s review…

Recent Developments On 21 February 2019, the Philippine Competition Commission (PCC) issued Resolution No. 03-2019 (CR 3-19) increasing the thresholds for mandatory notification of M&A transactions (i) from PhP5 billion to PhP5.6 billion for the size of person test, and (ii) from PhP2 billion to PhP2.2 billion for the size…

Recent Developments On 27 December 2018, the Philippine Competition Commission (PCC) issued the Rules of the Leniency Program (Rules). The Rules fully implement the PCC’s Leniency Program as provided under the Philippine Competition Act. The Rules offer persons and entities that are former or current participants in cartels immunity from…