Data Privacy Law Updates – March 2023
Data Privacy Law Updates NPC launches user-friendly Data Breach Notification Management System, an online system for faster and easier data breach notification management and reportingOn April 20, 2022, the National Privacy Commission (NPC) held its virtual launching of the Data Breach Notification Management System (DBNMS), a user-friendly interface that facilitates easy tracking […]
Banking & Finance – Legal Updates
Subject: Rules on Sustainable and Responsible Investment Funds SEC Memorandum Circular No. 11 Date issued: 20 December 2022The SEC issued the rules on sustainable and responsible investment funds applicable to the following: (a) a newly formed or existing investment company that seeks to qualify, or has qualified, as a Sustainable and Responsible Investment (SRI) Fund, […]
Labor and Employments Updates February 2023
JURISPRUDENCE G & S Transport Corp. v. Medina G.R. No. 243768, September 5, 2022 On the commensurability of the penalty imposed on an erring employee An employee’s commission of infraction should merit only the corresponding penalty demanded by the circumstance. The penalty must be commensurate with the act, conduct or omission imputed to the […]
SEC and PSE Updates February 2023
SEC UPDATES Subject: Guidelines on Arbitration of Intra-Corporate Dispute for Corporations SEC MC. No. 8, S. 2022 Date Issued: 19 December 2022 Link: https://www.sec.gov.ph/mc-2022/mc-no-08-s-of-2022/#gsc.tab=0The SEC issued this Memorandum Circular providing guidelines to the arbitration of intra-corporate disputes for Philippine corporations.An Arbitration Agreement (“Agreement”) may either be included in the articles of incorporation (“AOI”) or […]
Civil and Criminal Law Updates | January 2023
People of the Philippines vs. Erick Montierro y Ventocilla/Cypher Baldadera y Pelagio Vs. People of the Philippines/Re: Letter of the Philippine Judges Association expressing its concern over the ramifications of the decisions in G.R. No. 247575 and G.R. No. 250295/Re: Letter of Associate Justice Diosdado M. Peralta on the suggested plea bargaining framework submitted by […]
Data Privacy Updates | October 2022
NPC’s Statement on the SIM Card Registration BillDate: October 10, 2022The National Privacy Commission (NPC) supports the intention of the SIM Card Registration Bill to prevent the proliferation of various and evolving electronic communication aided criminal activities.The NPC is fully aware that implementing a SIM card registration system will entail a massive collection of personal […]
Labor and Employment Updates | June to August 2022
REPUBLIC ACT (“RA”) RA No. 11927: Philippine Digital Workforce Competitiveness ActThis law seeks to develop and ensure the competitiveness of the Philippine workforce in human and digital technology and innovations by ensuring that all Filipino workers have access to and are provided with digital skills and competencies that are at par with global standards. Salient […]