Jimenez and Galvez Law Office

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Advisory

JEPS SERVICE ADVISORY: Gcash is once again available as a payment option in the Judiciary ePayment Solution (JEPS).

For inquiries or concerns feel free to contact the JEPS support team at [email protected].

Ad majorem dei gloriam!
Acquitted by the Honorable Court of Appeals.

FYI

The Judiciary ePayment System (JePS) now offers GCash and GrabPay as payment channels!

For queries and comments, please email us at [email protected].

Thank you for your continued support and feedback.

NCAP

ORAL ARGUMENTS ON G.R. No. 261892 / G.R. No. 262192 - December 6, 2022 Audio Livestream of Supreme Court Oral Arguments on G.R. No. 261892 (Kilusan sa Pagbabago ng Industriya ng Transportasyon, Inc. [KAPIT], et la. vs. City of M...

Extended again.

Estate Tax Amnesty extended until June 14, 2023!

Revenue Regulations No. 17-2021 Amends certain provisions of RR No. 6-2019 to implement the extension of the Estate Tax Amnesty pursuant to RA No. 11569, which amended RA No. 11213 (Tax Amnesty Act). For full text, http://ow.ly/xzl730rQS69

Favorable Dismissal.😊

Panalo.

Side view.😁

Granted!

The Supreme Court En Banc today tackled possible actions regarding statements made by a certain Lorraine Badoy, containing threats against Judge Marlo A. Magdoza-Malagar of the Manila Regional Trial Court, Branch 19.

The Court also STERNLY WARNS against inciting violence through social media and other means that endanger the lives of judges and their families. Such acts SHALL LIKEWISE BE CONSIDERED A CONTEMPT OF THE COURT and will be dealt with accordingly.

SC grants tax compromise deal THE Supreme Court has approved the judicial compromise agreement between the Bureau of Internal Revenue (BIR) and the Oriental Assurance Corp. on taxes dating as far back as...

Happy Friday! TGIF

Jimenez and Galvez Law Office updated their information in their About section.

SC Dismisses Petition Alleging Monopoly in Securities Market |��The Supreme Court has dismissed a petition alleging that certain government regulations enabled a group to establish a monopoly and impose unfair competition in the market for fixed-income securities and the over-the-counter market for government securities.

In a Decision penned by Associate Justice Ramon Paul L. Hernando, the Court dismissed the Petition for Certiorari and Prohibition with Prayer for Temporary Restraining Order and Preliminary Injunction filed by Luis R. Villafuerte, Caridad R. Valdehuesa, and Norma L. Lasala that sought to nullify various rules, orders, issuances, and acts of public respondents Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), Secretary of Finance, and the National Treasurer which purportedly allowed the PDS Group to establish a monopoly and impose unlawful restraint of trade in the securities market.

In dismissing the petition, the Court held that aside from failing to establish the necessary legal standing to file the petition before it, the petitioners also failed to show a clear disregard of the relevant constitutional provision on monopoly which would have otherwise required immediate action. It reiterated that monopoly is not prohibited per se but is only regulated or disallowed when public interest so requires. It has been recognized that securities markets may regulate their own operations by requiring membership in a Self-Regulatory Organization (SRO) under the principle of self-regulation, consistent with the State policy to ‘establish a socially conscious, free market that regulates itself.’ Thus, the membership requirement in an SRO does not necessarily violate the constitutional provision on monopoly.

Read the case digest at https://sc.judiciary.gov.ph/29297/ and the decision in full at https://sc.judiciary.gov.ph/29283/. The Separate Concurring Opinion by Senior Associate Justice Marvic M.V.F. Leonen may also be read at https://sc.judiciary.gov.ph/29287/.

Digitalized examinations process and the dates of the 2022 Bar Examinations

MCLE Exemptions

Bail Granted.💪

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