Guzman Acain SEC

SEC Covid19 Pandemic Issuances

June 13, 2020

The Securities and Exchange Commission has issued important Notices and Circulars amid the Covid19 pandemic. The Notices include Guidelines for the filing of the General Information Sheet (GIS) and Audited Financial Statements (AFS) after the community quarantine.

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Only one person is required to form a corporation in the Philippines

January 30, 2019

The enrolled copies of Senate Bill No. 1280 and House Bill No. 8374 (An Act Amending the Corporation Code of the Philippines) were already submitted on January 28, 2019 to the Presidential Legislative Liason Office for signature of President Rodrigo Duterte. I am expecting that this new corporation code will be signed into law in the next few days.

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GUZMAN ACAIN advises on aviation acquisition

September 16, 2015

GUZMAN ACAIN has advised longtime client Huma Aviation Group on the proposed acquisition of Subic Seaplane Inc. The acquisition, which is subject to ownership clearances by the Civil Aeronautics Board, will be made by Huma Aviation Group, a consortium of a local partner and foreign investors. The consideration for the acquisition has not been disclosed. Subic Seaplane Inc. is the first company that has been issued a Certificate of Public Convenience by the Civil Aeronautics Board and Air Operator Certificate by the Civil Aviation Authority of the Philippines to operate amphibian aircraft and seaplanes for non-scheduled air transport services. Its hangar and facilities, which are included in the acquisition, is located at Lot 14, Argonaut Highway, Subic Bay, Subic Bay Freeport Zone, Olongapo, 2200 Zambales. This is owned by Michael Lawrence O’Farrel, American Veteran, and a licensed Pilot. The GUZMAN ACAIN team was led by corporate lawyer and managing partner Alex Llanes Acain Jr. with assistance from other lawyers of the firm. For further information please contact Alex Llanes Acain Jr., Managing Partner, on Mobile +63917 500 2878 or (02) 4033478 or email alexacain@gtalawphil.com.

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