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GROUP F:

SALOMON
SAMALEA
SANTOS
TIONGSON
TOBIAS
VERBA
VILLACORTE
WONG
ARC 158A:
PROF PRAC 1:
LAWS AFFECTING
THE PRACTICE OF
ARCHITECTURE
07/08/16

RATING:

SHORT TITLE

FULL TITLE

DATE
APPROVED

RATIONALE

EO 164

Regulating the Hiring Providing Additional


of Foreign Consultants Guidelines in the
Processing and Approval
of Contracts of the
National Government

May 5, 1987

As a consequence of the continued expansion of developmental projects and


increased delivery of essential public services to the people, the volume and
value of government contracts have substantially increased over the years;
WHEREAS, in view of such increase in the contracting activities of the
government and in line with the governments policy of decentralization and
administrative delegation which is intended to expedite the implementation
of projects, it is thus necessary that Secretaries and governing boards of
government-owned or controlled corporations be provided with greater
authority to approve contracts to implement projects falling within their
respective jurisdiction;
WHEREAS, to ensure that essential materials and services needed by the
government are procured at the most economical and advantageous terms,
there is a need to expand the membership of the Pre-Qualification, Bids and
Awards Committees existing in every Department/Agency Implementing Office
so as to include representatives from the private sector, as non-voting members;

PD 442

Labor Code of the


Philippines

May 1, 1974

The State shall afford protection to labor, promote full employment, ensure equal
work opportunities regardless of sex, race or creed and regulate the relations
between workers and employers. The State shall assure the rights of workers to
self-organization, collective bargaining, security of tenure, and just and humane
conditions of work.

A Decree Instituting
a Labor Code
thereby Revising and
Consolidating Labor and
Social Laws to afford
protection to Labor,
Promote Employment
and Human Resources
Development and Insure
Industrial peace based on
Social Justice

PD 49

Decree on Intellectual
Property

Decree on the Protection of November 14,


Intellectual Property
1972

The Rights granted by this Decree shall, from the moment of creation, subsist
with respect to any of the following classes of works:
Books, including composite and encyclopedic works, manuscripts, directories,
and gazetteers;
Periodicals, including pamphlets and newspapers;
Lectures, sermons, addresses, dissertations prepared for oral delivery;
Letters;
Dramatic or dramatico-musical compositions; choreographic works and
entertainments in dumb shows, the acting form of which is fixed in writing or
otherwise;
Musical compositions, with or without words;
Works of drawing, painting, architecture, sculpture, engraving, lithography,
and other works of art; models or designs for works of art;
Reproductions of a work of art;
Original ornamental designs or models for articles of manufacture, whether or
not patentable, and other works of applied art;
Maps, plans, sketches, and charts;
Drawings, or plastic works of a scientific or technical character;
Photographic works and works produced by a process analogous to
photography; lantern slides;
Cinematographic works and works produced by a process analogous to
cinematography or any process for making audio-visual recordings;
Computer programs;
Prints, pictorial, illustration, advertising copies, labels, tags, and box wraps;
Dramatization, translations, adaptations, abridgements, arrangements and
other alterations of literary, musical or artistic works or of works of the Philippine
Government as herein defined, which shall be protected as provided in Section
8 of this Decree.

PD 657

Decree on allowing
Foreigners to practice
without board
examination

Amending Section Five


(J) of Presidential Decree
numbered Two Hundred
and Twenty Three,
Creating the Professional
Regulation Commission
and Prescribing its Power
and Functions

PD 957

The Subdivision and


Condominium Buyers
Protective Decree

An Act Regulating the Sale July 12, 1976


of Subdivision Lots and
Condominiums, Providing
Penalties for Violations

February 19, 1975 Presidential Decree No. 223 took effect on June 22, 1973; WHEREAS, one
of the primary functions of the Commission is to have general supervision
over foreign nationals who are authorized by existing laws or granted special
permits to practice their profession temporarily in the Philippines;
WHEREAS, existing laws invariably require that reciprocity in the practice of the
profession between the alien country and the Philippines shall be established
before such special permit is granted, which in many cases deprive the
Philippines of the services of outstanding experts from foreign countries;
WHEREAS, such requirement of reciprocity serves as a restriction which needs
to be corrected in order not to hinder the social and economic development of
the Philippines.
It is the policy of the State to afford its inhabitants the requirements of decent
human settlement and to provide them with ample opportunities for improving
their quality of life;
WHEREAS, numerous reports reveal that many real estate subdivision owners,
developers, operators, and/or sellers have reneged on their representations
and obligations to provide and maintain properly subdivision roads, drainage,
sewerage, water systems, lighting systems, and other similar basic requirements,
thus endangering the health and safety of home and lot buyers;
WHEREAS, reports of alarming magnitude also show cases of swindling
and fraudulent manipulations perpetrated by unscrupulous subdivision and
condominium sellers and operators, such as failure to deliver titles to the buyers
or titles free from liens and encumbrances, and to pay real estate taxes, and
fraudulent sales of the same subdivision lots to different innocent purchasers for
value;
WHEREAS, these acts not only undermine the land and housing program of the
government but also defeat the objectives of the New Society, particularly the
promotion of peace and order and the enhancement of the economic, social
and moral condition of the Filipino people;
WHEREAS, this state of affairs has rendered it imperative that the real estate
subdivision and condominium businesses be closely supervised and regulated,
and that penalties be imposed on fraudulent practices and manipulations
committed in connection therewith.

PD 1799

Amendment of
Presidential Decree
No. 902-A

Amending Further Section


6 of Presidential Decree
No. 902-A

January 16, 1981

it is the policy of the Government to encourage and preserve the confidentiality


of deposits in banking institution
it is necessary that the powers granted to the Securities and Exchange
Commission to appoint management committees and receivers for all
corporations do not overlap with the power of supervision and regulation
granted by law to other government agencies and that the power of the
Commission to issue subpoena duces tecum and other related powers should not
impinge on the policy of confidentiality of bank deposits

RA 3765

Truth in Lending Act

An Act to Require the


Disclosure of Finance
Charges in Connection
With Extensions of Credit

June 22, 1963

It is hereby declared to be the policy of the State to protect its citizens from
a lack of awareness of the true cost of credit to the user by assuring a full
disclosure of such cost with a view of preventing the uninformed use of credit to
the detriment of the national economy.

RA 386

Civil Code of the


Philippines

An Act to Ordain and


Institute the Civil Code of
The Philippines

June 18, 1949

Human Relations
Civil Personality
Natural Persons
Juridical Persons
Citizenship and Domecile
Marriage
Legal Separation
Rights and Obligation between Husband and Wife
Property between Husband and Wife

RA 5455

Foreign Business
Regulation Act

An Act to Require that the


Making of Investments
and the Doing of Business
Within the Philippines
By Foreigners or
Business Organizations
Owned in Whole or
in Part by Foreigners
Should Contribute to the
Sound and Balanced
Development of the
National Economy on a
Self-Sustaining Basis, and
for Other Purposes

September 30,
1968

RA 6541

National Building
Code of the
Philippines

An Act to Ordain and


Institute a National
Building Code of the
Philippines

August 21, 1972

The term investment shall mean equity participation in any enterprise formed,
organized or existing under the laws of the Philippines; and the phrase doing
business shall include soliciting orders, purchases, service contracts, opening
offices, whether called liaison offices or branches; appointing representatives
or distributors who are domiciled in the Philippines or who in any calendar
year stay in the Philippines for a period or periods totaling one hundred eighty
days or more; participating in the management, supervision or control of any
domestic business firm, entity or corporation in the Philippines; and any other
act or acts that imply a continuity of commercial dealings or arrangements, and
contemplate to that extent the performance of acts or works, or the exercise of
some of the functions normally incident to, and in progressive prosecution of,
commercial gain or of the purpose and object of the business organization.
Permitted Investments
Permissible Investments
Licenses to do business
Mergers and Consolidations
Local Government Action
Publication and Posting of Notices
Judicial Relief
Rules and Regulations
Penal Clause
Reparability Clause
Repealing Clause
Appropriation
Administrative
Fire and Fire-Resistive Standards
Requirements Based on Occupancy
Types of Construction
Light, Ventilation, and Sanitation
Regulations for Use of Public Property
Engineering Regulations
Detailed Regulations
Mechanical and Electrical Regulations
Special Subjects

Ra 6727

Wage Rationalization An Act To Rationalize


Act
Wage Policy
Determination By
Establishing The
Mechanism And Proper
Standards Therefor,
Amending For The
Purpose Article 99
Of, And Incorporating
Articles 120, 121, 122,
123, 124, 126 And 127
Into, Presidential Decree
No. 442, As Amended,
Otherwise Known As
The labor Code Of The
Philippines, Fixing New
Wage Rates, Providing
Wage Incentives For
Industrial Dispersal To
The Countryside, And For
Other Purposes.

RA 7042

Foreign Investments
Act of 1991.

June 9, 1989

An Act To Promote Foreign June 13, 1991


Investments, Prescribe The
Procedures For Registering
Enterprises Doing Business
In The Philippines, And For
Other Purposes

It is hereby declared the policy of the State to rationalize the fixing of minimum
wages and to promote productivity-improvement and gain-sharing measures
to ensure a decent standard of living for the workers and their families; to
guarantee the rights of labor to its just share in the fruits of production; to
enhance employment generation in the countryside through industry dispersal;
and to allow business and industry reasonable returns on investment, expansion
and growth.

It is the policy of the State to attract, promote and welcome productive


investments from foreign individuals, partnerships, corporations, and
governments, including their political subdivisions, in activities which
significantly contribute to national industrialization and socioeconomic
development to the extent that foreign investment is allowed in such activity by
the Constitution and relevant laws. Foreign investments shall be encouraged in
enterprises that significantly expand livelihood and employment opportunities
for Filipinos; enhance economic value of farm products; promote the welfare of
Filipino consumers; expand the scope, quality and volume of exports and their
access to foreign markets; and/or transfer relevant technologies in agriculture,
industry and support services. Foreign investments shall be welcome as a
supplement to Filipino capital and technology in those enterprises serving mainly
the domestic market.

RA 7160

The Local Government An act providing for a


Code of 1991
local government code of
1991

October 10, 1991

RA 7394

Consumer Act of the


Philippines

The Consumer Act of the


Philippines

April 13, 1992

RA 7353

Rural Act of 1992

An Act Providing For The


Creation, Organization
And Operation Of Rural
Banks, And For Other
Purposes

July 22, 1991

RA 7875

National Health
An Act Instituting A
July 25, 1994
Insurance Act of 1995 National Health Insurance
Program For All Filipinos
And Establishing The
Philippine Health
Insurance Corporation For
The Purpose
Social Security Act of An Act Further
July 22, 1996
1997
Strengthening The Social
Security System Thereby
Amending For This
Purpose Republic Act
No. 1161, As Amended,
Otherwise Known As The
Social SECURITY LAW

RA 8282

It is hereby declared to be the policy of the State to provide special protection to


children from all firms of abuse, neglect, cruelty exploitation and discrimination
and other conditions, prejudicial their development; provide sanctions for their
commission and carry out a program for prevention and deterrence of and
crisis intervention in situations of child abuse, exploitation and discrimination.
The State shall intervene on behalf of the child when the parent, guardian,
teacher or person having care or custody of the child fails or is unable to protect
the child against abuse, exploitation and discrimination or when such acts
against the child are committed by the said parent, guardian, teacher or person
having care and custody of the same.
It is the policy of the State to protect the interests of the consumer, promote his
general welfare and to establish standards of conduct for business and industry.
The State hereby recognizes the need to promote comprehensive rural
development with the end in view of attaining acquirable distribution of
opportunities, income and wealth; a sustained increase in the amount of
goods and services produced by the nation of the benefit of the people; and in
expanding productivity as a key raising the quality of life for all, especially the
underprivileged.
Section II, Article XIII of the 1987 Constitution of the Republic of the Philippines
declares that the State shall adopt an integrated and comprehensive approach
to health development which shall endeavor to make essential goods, health
and other social services available to all the people at affordable cost. Priority
of the needs of the underprivileged, sick, elderly, disabled, women, and children
shall be recognized. Likewise, it shall be the policy of the State to provide free
medical care to paupers.
It is the policy of the State to establish, develop, promote and perfect a sound
and viable tax exempt social security system suitable to the needs of the people
throughout the
Philippines which shall promote social justice and provide meaningful protection
to members and their beneficiaries against the hazards of disability, sickness,
maternity, old age, death, and other contingencies resulting in loss of income
or financial burden. Towards this end, the State shall endeavor to extend social
security protection to workers and their beneficiaries.

RA 8293

Intellectual Property
Code of the
Philippines.

RA 8367

Revised Non-Stock
Savings
and Loan Association
Act of 1997

RA 8424

Tax Reform Act of


1997

An Act Prescribing The


June 6, 1997
Intellectual Property Code
And
Establishing The
Intellectual Property Office,
Providing For Its
Powers And Functions,
And For Other Purposes
An Act Providing For
October 21, 1997
The Regulation Of The
Organization And
Operation Of Non-Stock
Savings
And Loan Associations

The State recognizes that an effective intellectual and industrial property system
is vital to the development of domestic and creative activity, facilitates transfer
of technology, attracts foreign investments, and ensures market access for our
products. It shall protect and secure the exclusive rights of scientists, inventors,
artists and other gifted citizens to their intellectual property and creations,
particularly when beneficial to the people, for such periods as provided in this
Act.

An Act Amending The


National Internal Revenue
Code, As Amended, And
For Other Purposes

It is hereby declared the policy of the State to promote sustainable economic


growth through the rationalization of the Philippine internal revenue tax system,
including tax administration; to provide, as much as possible, an equitable
relief to a greater number of taxpayers in order to improve levels of disposable
income and increase economic activity; and to create a robust environment for
business to enable firms to compete better in the regional as well as the global
market, at the same time that the State ensures that Government is able to
provide for the needs of those under its jurisdiction and care.

December 11,
1997

It is hereby declared the policy of the State to:


a) encourage industry, frugality and the accumulation of savings, and judicious
utilization of credit among the members of non-stock savings and loan
associations
b) regulate and supervise the activities of non-stock savings and loan
associations in order to place their operations on a sound, stable, and efficient
basis to the end that they may be able to better provide for the establishment of
additional savings and credit facilities in a fair manner to their members and to
curtail or prevent acts or practices of these Associations which are prejudicial to
their members interest
c) lay down the minimum requirements and the standards under which nonstock savings and loan Associations may organize and operate and
d) maximize the protection of members of non-stock savings and loan
associations against misfeasance and malfeasance of the trustees and officers
thereof.

RA 9178

RA 9262

RA 9485

RA 9501

Barangay Micro
An Act To Promote
Business Enterprises
The Establishment Of
(BMBEs) Act of 2002. Barangay Micro Business
Enterprises (Bmbes),
Providing Incentives And
Benefits Therefor, And For
Other Purposes.
Anti-Violence Against An Act Defining Violence
Women and Their
Against Women And
Children Act of 2004 Their Children, Providing
For Protective Measures
For Victims, Prescribing
Penalties Therefore, And
For Other Purposes
Anti-Red Tape Act of An Act To Improve
2007.
Efficiency In The Delivery
Of Government Service
To The Public By Reducing
Bureaucratic Red Tape,
Preventing Graft And
Corruption, And Providing
Penalties Therefor
Magna Carta for
An Act To Promote
Micro, Small and
Entrepreneurship
Medium Enterprises
By Strengthening
(MSMEs)
Development And
Assistance Programs
To Micro, Small And
Medium Scale Enterprises,
Amending For The
Purpose Republic Act
No. 6977, As Amended,
Otherwise Known As The
Magna Carta For Small
Enterprises And For
Other Purposes

November 13,
2002

March 08, 2004

It is hereby declared to be the policy of the State to hasten the countrys


economic development by encouraging the formation and growth of barangay
micro business enterprises which effectively serve as seedbeds of Filipino
entrepreneurial talents, and integrating those in the informal sector with the
mainstream economy, through the rationalization of bureaucratic restrictions,
the active granting of incentives and benefits to generate much-needed
employment and alleviate poverty.
It is hereby declared that the State values the dignity of women and children
and guarantees full respect for human rights. The State also recognizes the need
to protect the family and its members particularly women and children, from
violence and threats to their personal safety and security.

June 02, 2007

It is hereby declared the policy of the State to promote integrity, accountability,


proper management of public affairs and public property as well as to
establish effective practices aimed at the prevention of graft and corruption in
government.

May 23, 2008

Recognizing that MSMEs have the potential for more employment generation
and economic growth and therefore can help provide a self-sufficient industrial
foundation for the country, it is hereby declared the policy of the State to
promote, support,, strengthen and encourage the growth and development
of MSMEs in all productive sectors of the economy particularly rural/agribased enterprises. To this end, the State shall recognize the specific needs of
the MSMEs and shall recognize the specific needs of the MSMEs and shall
undertake to promote entrepreneurship, support entrepreneurs, encourage the
establishments of MSMEs and ensure their continuing viability and growth and
thereby attain countryside industrialization.

RA 9520

Philippine
Cooperative Code of
2008

RA 9679

Home Development
Mutual Fund Law of
2009

RA 9711

Food and Drug


Administration (FDA)
Act of 2009

An act amending the


cooperative code of the
Philippines

February 17, 2009 It is the declared policy of the State to foster the creation and growth of
cooperatives as a practical vehicle for promoting self-reliance and harnessing
people power towards the attainment of economic development and social
justice. The State shall encourage the private sector to undertake the actual
formation and organization of cooperatives and shall create an atmosphere that
is conducive to the growth and development of these cooperatives.
An Act Further
July 28, 2008
To establish, develop, promote and integrate a nationwide sound and viable
Strengthening the Home
tax-exempt mutual provident savings system suitable to the needs of the
Development Mutual Fund,
employed and other earning groups; and to motivate them to better plan and
and for Other Purposes
provide for their housing needs by membership in the HDMF, with mandatory
contributory support of the employers in the spirit of social justice and the
pursuit of national development.
An Act Strengthening
and Rationalizing the
Regulatory Capacity
of the Bureau of Food
and Drugs (BFAD) by
Establishing Adequate
Testing Laboratories
and Field Offices,
Upgrading its Equipment,
Augmenting its Human
Resource Complement,
Giving Authority to Retain
its Income, Renaming
it the Food and Drug
Administration (Fda),
Amending Certain
Sections of Republic Act
No. 3720, as Amended,
and Appropriating Funds
Thereof

August 18, 2009

It is hereby declared a policy of the State to adopt, support, establish,


institutionalize, improve and maintain structures, processes, mechanisms and
initiatives that are aimed, directed and designed to: (a) protect and promote
the right to health of the Filipino people; and b) help establish and maintain an
effective health products regulatory system and undertake appropriate health
manpower development and research, responsive to the countrys health needs
and problems. Pursuant to this policy, the State must enhance its regulatory
capacity and strengthen its capability with regard to the inspection, licensing
and monitoring of establishments, and the registration and monitoring of health
products.

RA 8298

Philippine
Accountancy Act of
2004

PD 612

The Insurance Code

An Act Regulating the


May 13, 2004
Practice of Accountancy
in the Philippines,
Repealing for the Purpose
Presidential Decree No.
692, Otherwise Known as
the Revised Accountancy
Law, Appropriating Funds
Therefor and for Other
Purposes
Ordaining and Instituting December 18,
an Insurance Code of the 1974
Philippines

The State recognizes the importance of accountants in nation building and


development. Hence, it shall develop and nurture competent, virtuous,
productive and well-rounded professional accountants whose standard of
practice and service shall be excellent, qualitative, world class and globally
competitive though inviolable, honest, effective, and credible licensure
examinations and though regulatory measures, programs and activities that
foster their professional growth and development.

THE 1997 Rules Of The Court


RULES
OF CIVIL

Rules Of Court

July 1, 1997

Pursuant to the provisions of section 5 (5) of Article VIII of the Constitution, the
Supreme Court hereby adopts and promulgates the following rules concerning
the protection and enforcement of constitutional rights, pleading, practice and
procedure in all courts, the admission to the practice of law, the Integrated Bar,
and legal assistance to the underprivileged:

A.M. No. Securities Regulation


00-08-10 Code
R.A. 8799

The Securities Regulation


Code
Be It Enacted By The
Senate And The House
Of Representative Of
The Philippines In The
Congress Assembled:

December 2, 2008 The State shall establish a socially conscious, free market that regulates itself,
encourage the widest participation of ownership in enterprises, enhance the
democratization of wealth, promote the development of the capital market,
protect investors, ensure full and fair disclosure about securities, minimize if not
totally eliminate insider trading and other fraudulent or manipulative devices
and practices which create distortions in the free market. To achieve these ends,
this Securities Regulation Code is hereby enacted.

A contract of insurance is an agreement whereby one undertakes for a


consideration to indemnify another against loss, damage or liability arising from
an unknown or contingent event. A contract of suretyship shall be deemed to be
an insurance contract, within the meaning of this Code, only if made by a surety
who or which, as such, is doing an insurance business as hereinafter provided.

R.A.

Architecture Code Of
2004

The Implementing Rules


July 28, 2003
And Regula
Tions (Irr) Of Republic Act
No.
9266, An Act Providing
For A More
Responsive And
Comprehensive
Regulation For The
Registrati
On, Licensing And Practice
Of
Architecture, Repealing
For The Purpose Republic
Act No. 545, As
Amended, Otherwise
Known As
An Act To Regulate The
Practice
Of Architecture In The Phili
Ppines, And For Other
Purposes

The State recognizes the importance of architects in nation building and


development. Hence, it shall develop and nurture competent, virtuous,
productive and well-rounded professional architects whose standards of practice
and service shall be excellent, qualitative, world-class and globally competitive
through inviolable, honest, effective and credible licensure examinations
and through regulatory measures, programs and activities that foster their
Professional growth and development. This IRR of the Architecture Act of 2004
shall be interpreted, construed, and carried out in the light of the Statement of
Policy found in Section 2 of Republic Act No. 9266, as stated above.

BP 68

The Corporation Code


Of The Philippines

The Corporation Code Of


The Philippines

Corporation defined. A corporation is an artificial being created by operation


of law, having the right of succession and the powers, attributes and properties
expressly authorized by law or incident to its existence. (2)

May 1, 1980

DTI

Department
Administrative Order
No. 8 Series Of 2002

Rules And Regulations


June 14, 2002
Implementing Article
53 Of The Consumer
Act Of The Philippines
(R.A. 7394) In Relation
To Section 8 Rule II,
Chapter I, Title III Of
Department Administrative
Order No. 2, Series Of
1993 Prohibiting Chain
Distribution Plans Or
Pyramid Sales Schemes
In The Sale Of Consumer
Products.

RA 8556

Financing Company
Act of 1998

An Act Amending
Republic Act No. 5980,
As Amended, Otherwise
Known as the Financing
Company Act

RA 8791

The General Banking


Law of 2000

An Act Providing for


the Regulation of the
Organization and
Operations of Banks,
Quasi-Banks, Trust Entities
and for Other Purposes

WHEREAS, Republic Act No. 7394 otherwise known as Consumer Act of the
Philippines states that it is the policy of the State to protect the interests of the
consumer, promote his general welfare and to establish standards of conduct
for business and industry; WHEREAS, the Act provides that the State shall
implement measures to achieve the objective of protecting consumers against
deceptive, unfair sales and unconscionable sales acts and practices;

February 26, 1998 Declaration of Policy


It is hereby declared to be the policy of the State to regulate and promote the
activities of financing and leasing companies to place their operations on a
sound, competitive, stable and efficient basis as other financial institutions, to
recognize and strengthen their critical role in providing medium and long-term
credit for investments in capital goods and equipment especially by small and
medium enterprises particularly in the countryside and to curtail and prevent
acts or practices prejudicial to the public interest so that they may be in a better
position to extend efficient service in a fair manner to the general public and
to industry, commerce and agriculture and thereby more fully contribute to the
sound development of the national economy.
May 23, 2000
Declaration of Policy
The State recognizes the vital role of banks in providing an environment
conducive to the sustained development of the national economy and the
fiduciary nature of banking that requires high standards of integrity and
performance. In furtherance thereof, the State shall promote and maintain a
stable and efficient banking and financial system that is globally competitive,
dynamic and responsive to the demands of a developing economy.

RA 8799

The Securities
Regulation Code

Amended Implementing
Rules and Regulations of
The Securities Regulation
Code

RA 9160

Anti-Money
Laundering Act of
2001

An Act Defining the Crime September 29,


of Money Laundering,
2001
Providing Penalties
Therefor and for other
Purposes

July 19, 2000

Declaration of State Policy


The State shall establish a socially conscious, free market that regulates itself,
encourage the widest participation of ownership in enterprises, enhance the
democratization of wealth, promote the development of the capital market,
protect investors, ensure full and fair disclosure about securities, minimize if not
totally eliminate insider trading and other fraudulent or manipulative devices
and practices which create distortions in the free market. To achieve these ends,
this Securities Regulation Code is hereby enacted.
Declaration of Policy
It is hereby declared the policy of the State to protect and preserve the integrity
and confidentiality of bank accounts and to ensure that the Philippines shall
not be used as a money laundering site for the proceeds of any unlawful
activity. Consistent with its foreign policy, the State shall extend cooperation
in transnational investigations and prosecutions of persons involved in money
laundering activities wherever committed.

REFERENCES:
http://www.doingbusiness.org/law-library/philippines
http://www.entrepreneur.com.ph/business-ideas/4-philippine-laws-that-govern-online-business
http://businesstips.ph/list-of-business-laws-in-the-philippines/
http://www.dole.gov.ph/labor_codes
http://www.ilo.org/dyn/travail/docs/1131/Labor%20Code%20of%20the%20Philippines%20-%20DOLE.pdf
http://www.cfo.gov.ph/pdf/PD%20No.%20442.pdf
http://www.lawphil.net/
http://www.gov.ph/