Search for:
Author

Alvin R. Tan

Browsing
Alvin Tan is an associate with the Corporate & Commercial/M&A Practice Group and Consumer Goods & Retail Industry Group at Quisumbing Torres. He ranked sixth in his batch upon graduation from the Ateneo de Manila Law School and placed 11th in the 2018 bar examinations.
In Asia-Pacific

Philippines: Philippine Department of Trade and Industry issues the implementing rules and regulations of the Retail Trade Liberalization Act as amended by Republic Act No. 11595

by and 6 Mins Read

On 10 December 2021, President Rodrigo Duterte signed into law Republic Act No. 11595, otherwise known as ‘An Act amending Republic Act No. 8762 or the Retail Trade Liberalization Act of 2000, by lowering the paid-up capital requirement for foreign retail enterprises and other purposes.’ RA 11595 took effect on 21 January 2022.

In Asia-Pacific

Philippines: Amendments to the Retail Trade Liberalization Act passed into law

by and 6 Mins Read

On 10 December 2021, Republic Act No. 11595, otherwise known as “An Act amending Republic Act No. 8762 or the Retail Trade Liberalization Act of 2000 (RTLA), by lowering the paid-up capital requirement for foreign retail enterprises and other purposes” was signed into law. It removes the requirement for a Certificate of Prequalification and the need to show compliance with the criteria for prequalification under the RTLA to the Philippine Board of Investments, before a foreign retailer can invest in or engage in a retail trade business in the Philippines.