BankingFinancialServices

Demonstrated Success

Advised and assisted in the establishment of the first branch in the Philippines of a leading Kuala Lumpur-headquartered ASEAN universal bank, one of the largest investment banks in Asia and one of the largest Islamic banks in the world in obtaining operational licenses from the Philippine Central Bank, assisting in regulatory and operational compliance with banking regulations, review of financial technology and digital bank products agreements, and advising and assisting the bank in its digital bank products and cashless digital retail/consumer banking operations in the Philippines;

Advised Asia’s leading online retail platform on the structuring considerations, licensing, and regulatory implications of its proposed buy-now-pay-later business model and online lending platform, involving a comprehensive analysis of different laws relating to the provision of financial services, AML/CFT laws, foreign equity restrictions, and other licensing and reporting requirements;

Advised and assisted a UK-headquartered virtual asset service provider in the restructuring of its Philippine entity and obtaining the relevant licenses from the Philippine Central Bank to operate a virtual currency exchange in the Philippines;

Advised the investment arm of a major Malaysian bank with respect to the restructuring of its property holding structure in the Philippines in light of foreign equityrestrictions and the analysis of the various corporate arrangements and contracts entered into by the foreign bank;

Advised and assisted a worldwide cloud services provider which operates in over 200 countries and regions on the legal and regulatory implications of its proposed cloud products and service offerings in the Philippines;

Advised and assisted the different offices of a US-based global remittance platform provider with operations in over 200 countries in the establishment of a Philippine presence, complying with Philippine Central Bank requirements, agency agreements, tax issues, AML matters, and data privacy compliance; and

Issued various capacity and enforceability legal opinions on International Swaps and Derivatives Association Agreements (ISDA) with various Philippine counterparties of a French multinational utility company, a component of the Euro Stoxx50 stock market index, that operates in the fields of electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum.