PunoLaw 40th Anniversary Corporate Video
40 years of dedication to legal excellence and client service. As we reflect on four decades of growth, innovation, and success, we extend our gratitude to our clients and colleagues who have been integral to our journey. In the words of our Managing Partner, Eric V. Puno, “As we celebrate this milestone, let us look […]
Power Generation, Transmission & Distribution 2024
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MGen Renewables Energy Inc. Inks Loans for Construction of Solar Projects in the Northern Region
On May 30, 2024, MGen Renewables Energy Inc. (MGreen) achieved a significant milestone by securing loans from Security Bank Corporation for the construction and development of its solar power projects in Isabela and Nueva Ecija. The projects involve the development of an approximately 49MWac ground-mounted solar photovoltaic power plant and ancillary infrastructure in Cordon, Isabela […]
PunoLaw Welcomes two Senior Partners for 2024
PunoLaw is proud to announce the admission of Deborah S. Acosta-Cajustin and Joseph Vincent B. Alvaera as Senior Partners, effective January 1, 2024. Debbie is a multi-skilled lawyer with 17 years of experience in tax and corporate law. She routinely advises public and private companies on various taxation issues, including individual and corporate taxation, tax […]
Philippines
According to the National Economic Development Authority (NEDA), a Philippine government agency responsible for economic development and planning, the Philippines posted a full-year gross domestic product growth rate of 5.6% in 2023, which is below
Union Bank successfully concludes financial agreement to support the funding of a 75.2 MWp (dc) / 49.5 MWac solar power project
On November 30, 2023, the Union Bank of the Philippines (“Union Bank”) successfully extended a significant long-term project financing to Shizen Inc. This financial support is designated for the partial financing of Shizen Inc.’s solar power project, which includes the development and operation of a 75.2 MWp (dc) / 49.5 MWac solar photovoltaic power generating […]
Vena Energy secures investment for a 206-megawatt wind power project
On 26 September 2023, Vena Energy, Asia-Pacific’s leading renewable energy company, entered into a joint venture with Aboitiz Renewables Inc. and Vivant Energy Corp. for the development, construction, and operation of the 206-megawatt San Isidro wind power project in San Isidro, Northern Samar (the “Project”). The Project will feature 33 wind turbine generators with a […]
PHRI Inks Php2.65 Billion Loan
PH Renewables, Inc. (PHRI) successfully secured a loan facility with an aggregate principal amount of up to Php2.65 billion from Rizal Commercial Banking Corporation. The proceeds of the 15-year term loan will be used for the development and construction of PHRI’s 75 megawatt-alternating-current (MWac) solar plant located in Baras, Rizal, Philippines. With the goal of starting […]
PunoLaw Welcomes its New Lawyers
On April 12, 2022, the Philippine Supreme Court released the results of the 2020/2021 bar examinations held on February 4 and 6, 2022. PunoLaw congratulates all of its nineteen (19) underbars who took the exams and will take their oath on May 2, 2022. Six (6) of the PunoLaw underbars are exemplary passers […]
Amendments to the Public Service Act and its Effect on Public Utility Ownership Restrictions
On March 21, 2022, President Rodrigo R. Duterte signed Republic Act No. 11659 into law. The law amends the decades-old Commonwealth Act No. 146, otherwise known as the Public Service Act (PSA), which was passed in 1936. The PSA defines “public service” to include every person that owns, operates, manages or controls in the Philippines, […]