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RE: Retail Trade

RE: Retail Trade

SEC-OGC Opinion No.15-10 | 2015-09-02

Republic of the Philippines
Department of Finance
Securities and Exchange Commission

SEC Building, EDSA, Greenhills, Mandaluyong City

OFFICE OF THE GENERAL COUNSEL

2 September 2015
 
SEC-OGC Opinion No.15-10
RE: Retail Trade

ATTY. ROSARIO S. BERNALDO
Managing Partner
BERNALDO DIRECTO & PO LAW OFFICES
Unit 1807 Cityland Condominium. 10-Tower 1,
6815 Ayala Avenue cor. H.V. dela Costa St.,
Makati City

Madam:

This pertains to your letter, dated 17 April 2015, requesting for legal opinion asking for confirmation of your position that sale of vouchers or gift certificates to individual by your client, Lyoness Philippines, Inc. (LPI), does not fall...