Republic Act 11642, or the “Domestic Administrative Adoption and Child Care Act,” aims to expedite domestic administrative adoption procedures and reduce the cost of streamlined services for alternative child care. The law re-organized the Inter-country Adoption Board (ICAB) as the National Authority for Child Care (NACC). The NACC, a one-stop quasi-judicial agency affiliated with the... The post Domestic Adoption appeared first on SAKLAW ..read more

Republic Act 11642, or the “Domestic Administrative Adoption and Child Care Act,” aims to expedite domestic administrative adoption procedures and reduce the cost of streamlined services for alternative child care. The law re-organized the Inter-country Adoption Board (ICAB) as the National Authority for Child Care (NACC). The NACC, a one-stop quasi-judicial agency affiliated with the... The post Domestic Adoption appeared first on SAKLAW ..read more

The Bangko Sentral ng Pilipinas (BSP) has approved Circular No. 1070 on the Shari’ah Governance Framework (SG) for Islamic Banks (IBs) or Islamic banking units (IBUs). The SGF was issued following the passage of Republic Act No. 11439 or the Islamic Banking Act and the Guidelines on the Establishment of IBs and IBUs. The BSP... The post Shari’ah Governance Framework appeared first on SAKLAW ..read more

The Bangko Sentral ng Pilipinas (BSP) has approved Circular No. 1139 on the Guidelines for Reporting Islamic Banking and Finance Transactions/Arrangements. This is a major leap forward for Islamic Finance in the Philippines as Islamic Banks (IBs) and Islamic banking units (IBUs) that are yet to be established now have regulatory guidance on the segregation,... The post Guidelines for Reporting Islamic Banking and Finance Transactions/Arrangements appeared first on SAKLAW ..read more

Do you sometimes find yourself asking, “Do I need a lawyer for this?” There are a number of remedies available to you, wherein you may not need a lawyer to represent you in the beginning or throughout the proceedings, or you might even be prohibited from having a lawyer present. In TV advertisements of non-prescription... The post 5 Ways to Protect or Fight for Your Rights Even Without a Lawyer appeared first on SAKLAW ..read more

After a family member (the “Decedent,” for brevity) passes away, one of the common questions among the surviving family members is how to deal with the properties that the Decedent left behind. There may be real and personal properties registered under the name of the Decedent. Money deposited in the bank, stock certificates, club shares,... The post Extrajudicial Settlement of Estate appeared first on SAKLAW ..read more

One of the innovations introduced in Republic Act No. 11232, otherwise known as the “Revised Corporation Code of the Philippines” (RCC) is the One Person Corporation (OPC). OPCs offer many advantages for small and medium enterprises (SMEs) in terms of limitations on liability and taxation benefits, among others The benefit of limiting the business owner’s... The post Guidelines on the Establishment of a One Person Corporation appeared first on SAKLAW ..read more

In the case of Tan-Andal vs. Andal, G.R. No. 196359, 11 May 2021, the Supreme Court (SC) En Banc modified the interpretation of the requirements of psychological incapacity as a ground for the declaration of nullity of marriage. According to the SC, psychological incapacity is not a medical but a legal concept. It is a... The post Psychological Incapacity as a Ground for the Declaration of Nullity of Marriage appeared first on SAKLAW ..read more

Legal preparedness during ‘business unusual’ As published in the Inquirer on May 13, 2020 By Patricia B. Miranda and Salma F. Angkaya-Kuhutan The COVID-19 crisis is teaching us very hard lessons about what happens when we fail to collectively anticipate and plan for this type of worst-case scenario. Aside from our health care system, the building... The post Legal Preparedness during “Business Unusual” appeared first on SAKLAW ..read more

Reduction of Corporate Income Taxes Republic Act No. 11534, otherwise known as the “Corporate Recovery and Tax Incentives for Enterprises” (CREATE) Act is the second package of the Comprehensive Tax Reform Program that reduces corporate Income tax rates. The CREATE Act also provides other tax relief measures that will help businesses recover from the effects... The post Republic Act No. 11534 – Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act appeared first on SAKLAW ..read more