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The New Government Procurement Act of 2024, officially designated as Republic Act No. 12009, is a Philippine law which prescribes the necessary rules to address the lack of transparency and competition in government procurement, eliminate collusion and interference, and lessen the delay in the procurement process by creating the Government Procurement Policy Board (GPPB) and PhilGEPs.
The sale of an entire inventory is not a bulk sale if it is sold to buyers in a manner that ensures adequate consideration. For example, if a merchant holds an auction sale for the entire contents of the business and the sale is in good faith, the buyer is not required to comply with bulk sales legislation. However, the buyer of a business with ...
The law imposes fines and penalties on violators of the law. Under Sec. 29 of RA 10667 , administrative fines of up to Php 250 million pesos can be imposed. In addition, the party which fails to comply with the commission's order shall pay a penalty of not less than Php 50,000.00 up to Php 2,000,000.00 for each violation.
The Philippine Competition Commission is an independent, quasi-judicial body created to enforce the act. It is attached to the Office of the President of the Philippines. [6] Five commissioners were appointed to the Philippine Competition Commission and sworn in on January 27, 2015: [7] Michael G. Aguinaldo (Chairperson) Marah Victoria S. Querol
Judicial precedents of the Philippine Supreme Court were accepted as binding, a practice more attuned to common law jurisdictions. Eventually, the Philippine legal system emerged in such a way that while the practice of codification remained popular, the courts were not barred from invoking principles developed under the common law, [1] or from ...
The Tatak Pinoy (Proudly Filipino) Act, designated as Republic Act No. 11981, is a Philippine law aimed at enhancing collaboration between the government and private sector. Authored by Senator Sonny Angara , the act was developed over nearly five years beginning in the 18th Congress [ 1 ] through extensive consultations, studies, and research ...
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An Act Strengthening the Anti-Hospital Deposit Law by Increasing the Penalties for the Refusal of Hospitals and Medical Clinics to Administster Appropriate Initial Medical Treatment and Support in Emergency or Serious Cases, Amending for the Purpose Batas Pambansa Bilang 702, Otherwlse Known as “An Act Prohibiting the Demand of Deposits or ...