Business law in the Philippines
Legal Framework
- Independence of Justice
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The judiciary in the Philippines, though generally independent, is hampered by corruption and inefficiency.
- Equal Treatment of Nationals and Foreigners
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To a large extent, foreign nationals can expect an impartial trial from the country’s judicial system.
- The Language of Justice
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The Philippines have two judicial languages: Filipino and English.
- Sources of the Law and Legal Similarities
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The main source of the law is the constitution of 1987. The country’s legal system is based on Spanish and Anglo-American law. The Philippines accept compulsory ICJ jurisdiction though with reservations.
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Latest Update: July 2024