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Home2018 2018 December

DECEMBER 2018 Spotlight: Blazing a Trail in Tax and FinTech

GorricetaLaw Establishes a Legal Precedent in Landmark BIR Ruling GorricetaLaw secured a historic tax ruling in favor of Manila Water Company, Inc. In Bureau of Internal Revenue’s Ruling No. 1017-18 dated June 25, 2018, the BIR allowed Manila Water to adopt two different methods of computing depreciation expense for its capital expenditure-related service concession assets:...

GorricetaLaw recently represented and advised Okada Manila in connection with the private placement of US$600 million senior notes by the Japanese listed gaming company Universal Entertainment Corporation. This deal will help finance the construction of Okada Manila’s casino resort in the Philippines and to repay a loan provided by Tiger Resorts Asia – a subsidiary...

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