Newsletters July 2021

DRAFT GUIDELINES ON ARBITRATION OF INTRA-CORPORATE DISPUTES (Philippines)

NO&T Asia Legal Review

Author

Patricia O. Ko

Publisher

Nagashima Ohno & Tsunematsu

Journal / Book

NO&T Asia Legal Review No.37 (July, 2021)

Reference

Practice Areas

*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.

Overview
When Republic Act No. 11232 or the Revised Corporation Code of the Philippines (the “RCC”) became effective on 23 February 2019, among the significant amendments introduced by such legislation was to encourage corporations to adopt arbitration as a means of resolving intra-corporate disputes.

To implement such relevant provisions, the Securities and Exchange Commission (“SEC”) released on June 23, 2021 a draft of the Guidelines on Arbitration of Intra-Corporate Disputes for Corporations (“Draft Guidelines”) for public comments.

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