The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
Do Foreign Corporations Doing Business in the Philippines Have the Capacity to Sue?
The Philippine business landscape has been developing in the past years and continues to grow. One of the reasons for this growth is the accessibility of the international market wherein a number of foreign corporations chose to do business here in the Philippines and local businesses can easily deal with them. With the growing number of foreign entities choosing to deal and transact businesses in the Philippines, it is only cautious for said foreign corporations to be familiar on what they need to know to protect their interests.
When Business Owners Could be Held Liable for Damages
Generally speaking, every person who, contrary to law, willfully or negligently causes damage to another, shall indemnify the latter for the such damage caused. Likewise, any person who willfully causes loss or injury to another in a manner that is contrary to morals, good customs or public policy shall compensate the latter for the damage. Knowing this principle is very important in all civil relationships, and business relationships are no exception.
What the Anti-Age Discrimination Law Means for Employers
Hiring and selection of employees have, since time immemorial, been recognized as a prerogative for employers. This notwithstanding, fixing of qualifications are quite often made to depend on some arbitrary standards that employers want their employees to possess, one of which is the age of the job applicant. Since the State has always been towards promotion of equal opportunities in employment for everyone, R.A. No. 10911, or the Anti-Age Discrimination in Employment Act was passed seeking to promote employment of individuals on the basis of their abilities, knowledge, skills and qualifications rather than their age..
Pros and Cons in Owning Property Through a Corporation
When investing in a property, giving careful consideration on ownership structure could prove to be crucial. Buying directly the property, or setting up a corporation to buy the property, may have its own advantages and disadvantages. Needless to say, one has to weigh on its upsides and downsides before deciding to buy, because investing in properties could cost quite a buck. Thus, it is best to have an informed choice before making such purchase, as it can spell the difference between saving big, or paying additional costs.
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