Essentials of Business Law and Labor Law | 23 June 2023

Essentials of Business Law and Labor Law is a digital initiative of Alburo Law to provide legal knowledge to entrepreneurs to help improve their productivity and profitability by ensuring that businesses comply with relevant laws, rules, and regulations.

When is a corporation considered a Philippine National?

Republic Act No. 7042 or the Foreign Investments Act of 1991, as amended by Republic Act No. 8179, is explicit in defining who are covered by the term “Philippine National” with respect to a corporation.

What is the Principle of Non-Diminution of Benefits?

“Nothing in the Labor Code shall be construed to eliminate or in any way diminish supplements, or other employee benefits being enjoyed at the time of its promulgation.” (Article 100, Labor Code)