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
ADMINISTRATION OF PUBLIC ARCHIVES
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Public Archives refer to public records that are under the custody and control of the executive director of the National Archives of the Philippines
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Heads of the controlling government office shall classify the records as either open access records or restricted access records
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Accessing or replicating a public archive or protected record shall be deemed prohibited
OBLIGATIONS OF PARTNERS AMONG THEMSELVES (Part II)
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The losses and profits are based on the agreement of the partners
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If only profits have been agreed upon, the share of each partner in the losses shall be in the same proportion
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If there is no agreement, the share of each partner in the profits and losses is based on his contribution
INVESTMENT IN THE REAL ESTATE INVESTMENT TRUST (REIT)
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Investment in a REIT shall be by way of subscription to or purchase of shares of stock of the REIT.
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A REIT may provide in its Articles of Incorporation different classes of shares of stock enumerating therein their respective features.
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No shares of stock of the REIT shall be offered for subscription or sale to Public Shareholders except in accordance with a REIT Plan registered with and approved by the Securities and Exchange Commission (Commission).
TRANSFER OF PUBLIC RECORDS
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Heads of government offices shall cause the transfer of the public records to the National Archives of the Philippines (National Archives)
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The executive director of the National Archives may defer the transfer of any public records
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Public records may be surrendered on demand
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