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Asia-Pacific 2022
Philippines Corporate/M&A
Band 1


Provided by Cruz Marcelo & Tenefrancia

The firm provides in-depth legal solutions to complex legal and business issues and transactions that protect and add value to the client’s interests and business objectives. The firm has been noted to provide quality and timely service according to their client’s needs.

All these are hinged on the group’s expertise on the nuances of corporate and commercial law, and each lawyer’s skill in negotiating and closing deals.

The firm’s notable transactions include the following:

  • Advised Aboitiz Equity Ventures, Inc. (AEV) in its acquisition (together with CRH Plc) of Lafarge S. A.’s cement and aggregates business in the Philippines
  • Advised AEV in its acquisition of majority interest in PETNET, Inc., the largest Western Unit network agent in the Philippines
  • Assisted W Group in its real estate transactions, such as the acquisition of Air Development Rights, PEZA registration, joint ventures for the construction of buildings, and participation in public bidding
  • Advised a leading bank in entering into a US$500 Million syndicated term loan facility agreement with international banks
  • Assisted in the completion of a joint venture that would develop a 4.8 hectare land in Pasay City, Metro Manila into a mixed-use complex

The Infrastructure Group has acted as counsel for the Government and private concessionaires. The Group has prepared legal/regulatory analysis for various PPP and procurement projects, e.g., the North South Commuter Railway Project and Motor Vehicle Inspection System.

Chambers Review

Provided by Chambers
Corporate/M&A: Real Estate - Philippines
Band 1
What the team is known for

Cruz Marcelo & Tenefrancia is a versatile legal practice in Manila with core expertise in merger transactions and share-based acquisitions and dispositions. Caters to an impressive roster of clients in the technology, infrastructure and finance industries, with experience representing clients in both the private and public sectors. Also highly proficient in real estate acquisitions, disposals and leasing matters. Examples of the firm's clientele include DOLE Philippines, Zywave and the W Group.


One interviewee acknowledges that Cruz Marcelo & Tenefrancia has "expert knowledge of the Philippines market."

Another source comments that the team "thinks outside of the box" and appreciates that "their solutions are practical and workable."

Work highlights

Cruz Marcelo & Tenefrancia led the legal due diligence on Redco Properties' acquisition of a 35% interest in the Makati City Subway, in a deal worth USD102 million.

The team also advised W Group on the management of legal and contractual matters relating to the operating and leasing of properties in Bonifacio Global City.

Notable practitioners

Aida Araceli Roxas-Rivera and Rosa Michele Bagtas are key contacts for clients.


Provided by Cruz Marcelo & Tenefrancia

Aida Araceli Roxas-Rivera

Manuel Manaligod, Jr.

Pancho Umali

Rosa Michele Bagtas


Provided by Cruz Marcelo & Tenefrancia

ABS-CBN Corporation

ACJO Shopping Corporation

Aboitiz Equity Ventures, Inc.

CPCS Transcom Limited

Dole Philippines, Inc.

Honda Cars Philippines, Inc.

Jurong Engineering Limited

Moldex Realty, Inc.

Nido Petroleum Philippines Pty. Ltd.

PTFC Redevelopment Corporation

Pilipinas Shell Petroleum Corporation

Play Innovations, Inc.

Rebel Group

Samsung Electronics Philippines Corporation

Sony Global Business Services, Inc.

Sta. Lucia Land, Inc.

Total (Philippines) Corporation

Tradition Homes Project Managers Development, Inc.

Unicapital Group

Unilever Philippines, Inc.

United Laboratories, Inc.

W Group


Provided by Cruz Marcelo & Tenefrancia

Banking & Finance

Capital Markets, Securities Regulation & Finance

Debt Restructuring & Corporate Reorganization

Gaming Law


Mergers and Acquisitions

Property Development & Real Estate Transactions


Tourism & Leisure