Picazo Buyco Tan Fider & Santos

37^th ANNIVERSARY

(MESSAGE FROM THE MANAGING PARTNER)

As we celebrate our 37th anniversary, we do so with both gratitude and optimism. We are grateful as we are fully aware that PicazoLaw is the product of the collaborative effort of stakeholders led by our founding partners, the legal and non-legal staff, alumni, and, of course, our valued and loyal clients. We are optimistic because we have hurdled many challenges over the past 3 decades. Economic shocks, natural calamities (from typhoons to earthquakes to volcanic eruptions) and a multi-year global medical pandemic have made PicazoLaw more resilient. It is this resilience, coupled with our core values of providing quality service in a timely cost efficient manner, that make us optimistic about the future. Again, thank you to everyone who have joined us in our journey and we look forward to celebrating many more anniversaries!

ADVISORY

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Thank you!

PICAZOLAW

Picazo Buyco Tan Fider and Santos (PicazoLaw) is a full-service law firm recognized internationally as a leader in capital markets, banking and finance and mergers and acquisitions (M&A) practices in the Philippines. In addition to its expertise in other practice areas such as telecommunications, gaming, real estate, taxation, labor, litigation and other dispute resolution, PicazoLaw is also retained counsel to a number of listed and unlisted companies belonging to the Top 1000 Corporations in the Philippines. PicazoLaw actively assists these clients comply with the reportorial, disclosure and other continuing listing requirements of the Philippine Stock Exchange (PSE), the Securities and Exchange Commission (SEC) and other government agencies.

From its inception more than three decades ago, PicazoLaw has acted as counsel for both lenders or borrowers in hundreds of bank loans, project finance, loan syndications and other corporate finance projects. Many of these involve the country’s top tier companies and the biggest Philippine and foreign banks and in some instances, multiple currencies. PicazoLaw is almost continuously involved in landmark investments, joint ventures, restructuring and mergers and acquisitions (M&A) involving major Philippine players and foreign investors in various industries in the country.

Since 1987, PicazoLaw has served as counsel to various participants and bidders in many privatization projects involving government securities and assets. PicazoLaw also has expertise in build-operate-transfer (BOT) and public-private partnership (PPP) projects in, among others, energy and power, utilities and services.

The list of high profile and innovative projects handled by PicazoLaw is testament to its extensive experience in capital markets, complex commercial transactions, corporate acquisition and restructuring, and its reliability as a firm that delivers professional legal services promptly and effectively.

A full-service firm of some 78 lawyers, PicazoLaw is able to provide the entire range of legal services necessary to establish and do business in the Philippines and ensure compliance with all legal conditions and regulatory requirements. These include: incorporation of the appropriate investment vehicles with the SEC, registration of foreign investment with the Bangko Sentral ng Pilipinas (BSP), processing with the Bureau of Immigration (BI) of pertinent work visas, and the Department of Labor and Employment (DOLE) work permits of expatriate officers and staff, securing business permits and licenses from local government units (LGUs), and tax registration with the Bureau of Internal Revenue (BIR).

PicazoLaw provides corporate secretarial services to thousands of Philippine corporations and branches of select multinational companies.

PicazoLaw advises clients on a host of labor concerns and handle labor cases before the Labor Arbiters and the National Labor Relations Commission (NLRC). It assists clients establish employment policies, compensation packages, organizational structures and labor manuals that provide for terms and conditions in accord with law. PicazoLaw is experienced in collective barganing agreement (CBA) negotiations and in handling of labor relations conflicts, including strikes and lockouts.

PicazoLaw handles various kinds of litigation and dispute resolution matters such as civil, commercial, rehabilitation, insolvency, administrative, criminal, arbitration, including construction arbitration, mediation and special proceedings, settlements of estates and family law. PicazoLaw appears in all courts, quasi-judicial and administrative agencies, and other fora in the Philippines. The practice also includes matters affecting personal rights and family interests, such as those pertaining to civil status, property relations and family law issues.

Integral to these legal services is PicazoLaw’s ability to protect the client’s trademark, patent and other intellectual property (IP) rights under Philippine laws and international IP conventions. PicazoLaw has handled numerous IP registrations, as well as inter-partes cases, before the Intellectual Property Office (IPO).

PicazoLaw provides tax advisory services, establishment of trusts and estate planning for individual clients and for officers of its client companies.

PicazoLaw is privileged to be the retained counsel of and to provide professional legal services to many prestigious and established companies and businesses in the Philippines, as well as to several foreign banks and multinational companies.

From its core expertise in corporate law, banking and securities, PicazoLaw has been able to develop its practice into new fields of law to address the legal requirements of its clients, as they expand and grow into new businesses. In support of its clients, PicazoLaw has developed its expertise in the fields of utilities, real estate, telecommunications, energy and power, mass media, information and communications technology, mining, gaming and offshore investments.

PicazoLaw has a fully equipped modern offices at the top two floors, as well as other floors of the 18-storey Liberty Center – PicazoLaw at 104 H.V. de la Costa Street, Salcedo Village, Makati City, Philippines. The Partners and the legal staff of PicazoLaw are supported by some 60 full-time non-legal personnel and support staff, including paralegals.

History

PicazoLaw was conceived in 1987 when Antonio A. Picazo, top corporate and banking lawyer, and Antonio R. Bautista, highly respected litigator and law professor, both having then recently withdrawn as senior partners of a Makati-based law firm, decided to pool their respective expertise and clientele together, invite a few other promising legal minds to cast their lots with them, and establish what was originally known as Bautista Picazo Cruz Buyco & Tan Law Office. Joining as founding partners were labor expert Purisimo S. Buyco and corporate lawyer Silverio Benny J. Tan.

While PicazoLaw was thus formally launched as a new law firm on 1 September 1987, it actually served to allow the Partners to continue uninterrupted their working relationships that had begun much earlier in 1983 when they were part of Cayetano Bautista Picazo & Reyes. The most senior associates at that time, Alex Erlito S. Fider and Gemma M. Santos, likewise both came from that law office. They would in time be promoted to Name Partners of PicazoLaw.

PicazoLaw started out as a 16-lawyer firm that operated in two offices. The corporate and labor practice group held office at the WIP Building along Buendia Avenue, Makati City, while the litigation and administrative practice group primarily held office at the Bautista Building in Scout Albano Street, Quezon City. The separate operation of the Makati and the Quezon City offices under one partnership lasted for 10 years.

In 1998, the two offices of PicazoLaw parted ways amicably when Atty. Bautista and the Partners in the Quezon City office withdrew from the firm to independently continue their practice. The Makati office continued the partnership personality of the firm, as a full-service firm, under its current firm name Picazo Buyco Tan Fider & Santos (PicazoLaw).

From a 16-lawyer firm in 1987, PicazoLaw celebrated its 31st year as one of the biggest and well respected law firm in the Philippines on 1 September 2018.

Setting the bar high

Believing in the nobility of the legal profession, PicazoLaw closely adheres to strict ethical standards anchored on its core values of integrity, excellence, honesty and meritocracy. PicazoLaw is committed and loyal to its clients; it fosters a culture of fairness and equity in the workplace; it celebrates individual talent and hard work; it rewards performance by committing to the individual growth of all in the firm; and it values the loyalty of its people.

PicazoLaw takes pride in its being apolitical – it does not rely on political influences, preferring instead to grow its professional service based on good work and its reputation as a competent and independent law firm. PicazoLaw makes sure that it maintains good internal relations, putting a premium on completing a job to clients’ satisfaction. PicazoLaw’s hard work has been rewarded by the trust and confidence of its clients with whom it has grown over the years. Today, PicazoLaw has a solid client portfolio consisting of a wide range of companies, many of which are among the top corporations in the Philippines.

An eye on the future

In the APAC region, the challenges that most establishments face, even in PicazoLaw, are the nationality laws that limit foreign ownership in certain industries or business activities. These laws have a large impact on foreign investments and pose a real challenge to the legal practice.

On the brighter side, there is a possibility of greater cooperation especially in the ASEAN region, as this region is starting to slowly integrate its economies to give companies, like PicazoLaw, more opportunities to grow and expand. In addition, the Philippines may enhance its diplomatic ties with China or open up those with other non-traditional countries to bring in more investments and economic growth. This will certainly give way to more foreign investments and joint ventures in the legal front in the future.

Locally, the Philippine anti-competition law recently has opened up new areas for specialized corporate legal practice. With its extensive involvement in mergers and acquisition (M&A) projects and experience in dealing with various issues in connection with said law, PicazoLaw is well-positioned to provide clear direction for compliance with the law or otherwise to shepherd the transaction process for its clients. PicazoLaw is also in a uniquely significant position in the current liberalized environment for unsolicited proposals for public-private partnership (PPP) or build-operate-transfer (BOT) projects involving infrastructure and utilities and information technology having the necessary expertise in public-private partnership (PPP) or build-operate-transfer (BOT) projects especially in unsolicited proposals.

In the last three decades, PicazoLaw has steadily grown with its clients as they evolved from start-ups to successful top corporations, ensuring them of its loyalty and commitment as their business partner. In order to work more effectively and efficiently, and to best serve its clients, PicazoLaw continuously improve its administrative system and technological support for its staff. PicazoLaw also makes sure that its lawyers receive excellent training through a mentoring program that exposes them to the kind of work environment PicazoLaw cultivates in the firm, and hones them not just as better lawyers, but better people as well. PicazoLaw hopes that through these programs and upgrades, PicazoLaw will consistently deliver to the highest standards, uphold its legacy and set the benchmark for future lawyers and firms.

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