Guzman Acain Law Offices

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Guzman Acain Law Offices We are a full-service Law Firm in Makati City, Philippines.

16/04/2026

📣 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗙𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝟮𝟬𝟮𝟱 𝗔𝗻𝗻𝘂𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀 (𝗔𝗙𝗦)

The filing deadline for the 2025 Annual Financial Statements (AFS) and related reportorial requirements has been 𝗘𝗫𝗧𝗘𝗡𝗗𝗘𝗗. This follows the issuance of Revenue Memorandum Circular No. 30-2026 by the Bureau of Internal Revenue (BIR).

🗓️ Revised Deadlines:
• Annual Financial Statements of All Corporations: 𝗝𝘂𝗻𝗲 𝟭𝟱, 𝟮𝟬𝟮𝟲
• SEC Form 52-AR of Brokers & Dealers: 𝗠𝗮𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟲
• Annual Reports (SEC Form 17-A) with AFS as attachment: 𝗠𝗮𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟲

All corporations are reminded to ensure that submitted AFS are duly received by the BIR.

Read the full notice here: https://www.sec.gov.ph/notices-2026/extension-of-the-deadline-for-filing-of-2025-annual-financial-statements-afs/

16/04/2026

📣 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝗧𝗲𝗺𝗽𝗼𝗿𝗮𝗿𝘆 𝗨𝘀𝗲 𝗼𝗳 𝟮𝟬𝟮𝟬 𝗙𝗼𝗿𝗺 𝗳𝗼𝗿 𝗙𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗦𝗵𝗲𝗲𝘁 (𝗚𝗜𝗦) 𝗼𝗻 𝗲𝗙𝗔𝗦𝗧

The Securities and Exchange Commission has extended the temporary use of the 2020 General Information Sheet (GIS) Form for filing through eFAST until 15 May 2026.

Corporations that are still setting up their eSECURE accounts may continue to use the 2020 GIS Form during this extended period.

📄 Download the form here: https://bit.ly/2020GISForms

This extension aims to give corporations enough time to complete their HARBOR access and setup.

For assistance, the public may visit the SEC Headquarters in Makati City or the nearest SEC Extension Office.

📞 For inquiries:
• Dial 1-4SEC (14732)
• SEC iMessage Portal: https://imessage.sec.gov.ph/

Read the full notice here: sec.gov.ph/notices-2026/extension-of-temporary-use-of-2020-form-for-filing-of-general-information-sheet-on-efast/

21/03/2026
19/02/2026

📣 𝗦𝗘𝗖 𝘀𝗲𝘁𝘀 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗔𝗙𝗦, 𝗚𝗜𝗦 𝗳𝗶𝗹𝗶𝗻𝗴 𝗳𝗼𝗿 𝟮𝟬𝟮𝟲

The Securities and Exchange Commission (SEC) has issued the schedule for the submission of corporations’ annual financial statements (AFS) and general information sheets (GIS) for 2026.

The SEC on February 11 issued Memorandum Circular No. 9, Series of 2026, which provides for the schedule of the 2026 Filing of Annual Financial Statements and General Information Sheets.

The AFS and GIS shall be filed through the Electronic Filing and Submission Tool, or eFAST. Other reports not yet accepted through eFAST shall be submitted through the iMessage Online Ticketing System at imessage.sec.gov.ph.

🔗 Read the full Memorandum Circular here: https://www.sec.gov.ph/mc-2026/sec-mc-no-09-series-of-2026/

19/02/2026

The (SC) 𝘌𝘯 𝘉𝘢𝘯𝘤 has issued guidelines in appreciating the mitigating circumstance of voluntary surrender, clarifying that it must be evaluated based on the person’s true intent and the totality of the circumstances.

In a Decision written by Associate Justice Samuel H. Gaerlan, the SC granted the accused’s petition and reduced his sentence, recognizing his surrender as voluntary even if he surrendered after learning of the issuance of arrest warrant against him.

The accused went to the National Bureau of Investigation (NBI) to apply for clearance. During processing, his name registered a “hit”, indicating he had a pending case. He admitted this to the NBI officer.

He was instructed to return after one week while the records were being verified. When he came back, the NBI officer confirmed he had a pending bigamy case and an outstanding warrant for his arrest issued 13 years earlier. He then told the officer, “masuko na lang ako” (I will surrender) and asked help in posting bail. The arrest warrant was then served on him.

The NBI later issued a certificate stating that he voluntarily surrendered to their office. However, the return of the warrant and order of release described him as having been “arrested.”

During arraignment, the accused first pleaded not guilty but later entered into a plea bargain, asking the court to consider his voluntary surrender and guilty plea.

The Regional Trial Court (RTC) convicted him of bigamy and considered his plea of guilt, but ruled that he did not voluntarily surrender. It relied on the warrant’s return and release order, which stated that he was “arrested,” and noted that the case had been pending for 13 years because he could not be located. The Court of Appeals affirmed this, finding that he went to the NBI not to surrender but to apply for clearance, and that when he said he would surrender, he had no choice because he was already inside the NBI office.

The SC disagreed.

Under Article 13(7) of the 𝘙𝘦𝘷𝘪𝘴𝘦𝘥 𝘗𝘦𝘯𝘢𝘭 𝘊𝘰𝘥𝘦, voluntary surrender requires that the offender had not been arrested; they surrendered themselves to a person in authority or its agent; and the surrender was voluntary.

In this case, the accused returned to the NBI and said he would surrender before the arrest warrant was actually served on him. He had not yet been arrested. He also surrendered to an NBI officer, a person in authority.

The SC ruled that voluntary surrender must be viewed with a “more considerate and broad-minded approach” once guilt has been established. It stressed that voluntary surrender must be assessed through the totality of circumstances, laying down the following guiding principles:

1. The voluntariness and spontaneity of the surrender must show that offender either admits their guilt or wish to spare authorities the trouble of searching for and arresting them.

2. The circumstances of the voluntary surrender is independent of the fact of the issuance of the arrest warrant. The mere fact of the arrest warrant’s prior issuance should not be taken against the accused’s claim of voluntary surrender when other circumstances point to the fulfillment of all requirements, including voluntariness. However, knowledge of the accused of the existence of an arrest warrant against them and their continued evasion of justice can negate voluntariness and spontaneity.

3. The lapse of time an accused used to evade the law could be a criterion in negating spontaneity.

4. Voluntariness is not negated by the fact that there is likelihood that the accused may be arrested anytime before they surrendered. Imminence of arrest should be coupled with an indication that the accused fled or could further escape and evade, before it could deny voluntariness.

5. The intention of the accused at the time of surrender must be considered with other circumstances in determining entitlement to mitigating circumstance. The offender is not required to surrender at the first opportunity.

6. If the records do not clearly show that the offender voluntarily surrendered, that doubt cannot be resolved in their favor.

As to the voluntariness of his surrender, the SC emphasized that if he intended to evade arrest, he would not have returned to the NBI. While his first visit was to secure a clearance, his decision to return despite knowing there might be an active case shows his willingness to cooperate with the authorities.

The SC also clarified that while he knew about the pending case, there was no proof that he knew a warrant for his arrest had already been issued. It also noted the absence of any attempt to flee, his open use of his real name, and the fact that he returned to the NBI on his own.

The SC also reminded judges to avoid making quick or premature conclusions, emphasizing:

“What the Court asks and expects of magistrates on the frontlines of justice is to adjudge each case wholly, fully, and fairly as discerning persons learned in the law and literate in life experience, and not as cold-hearted automatons or soulless supercomputers, for even a single judge’s role in the administration of our penal laws can indeed have far-reaching consequences for the parties and for human society as a whole… The law may be harsh, but it need not be harsher.”

The accused’s sentence was reduced from a maximum of six years to a maximum of four years in prison.

Read the full text of the press release at https://sc.judiciary.gov.ph/?p=160857

Read the full text of the Decision https://sc.judiciary.gov.ph/?p=160836

Read the Concurring Opinion of Associate Justice Alfredo Benjamin S. Caguioa at https://sc.judiciary.gov.ph/258592-formerly-udk-no-17170-concurring-opinion-justice-alfredo-benjamin-s-caguioa/

Huge congratulations to Judge Ella Cabalonga-Remigio and the newly appointed Justices! A well-deserved honor for you all...
13/01/2026

Huge congratulations to Judge Ella Cabalonga-Remigio and the newly appointed Justices! A well-deserved honor for you all. More power to you as you serve the court.

Happy New Year to all our valued clients, dedicated associates, employees, and trusted partners. Your support has been t...
31/12/2025

Happy New Year to all our valued clients, dedicated associates, employees, and trusted partners. Your support has been the cornerstone of our journey throughout 2025. We wish you continued success, prosperity, and the best of health as we step into 2026 together.

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Suite 614 6/F CityLand Pasong Tamo Tower, Chino Roces Avenue , Pio Del Pilar
Makati
1230

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Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
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