Geronimo Law

16/04/2026

What international law instruments underlie the petrodollar system? We identify six core instruments.

03/04/2026

Philippine Counsel for Energy and Infrastructure Projects: Geronimo Law advises on energy, infrastructure, PPP, public utility, and regulatory matters in the Philippines. The firm has handled work involving wind, hydro, waste-to-energy, natural gas, solar, battery storage, franchise issues, and major public infrastructure transactions.

Core Energy and Infrastructure Capabilities:

• Energy regulation and legislative advisory work involving DOE, ERC, NGCP, generation companies, distribution utilities, NAPOCOR, DENR, etc.
• Project development, permitting, regulatory analysis, and transaction support for power and energy projects.
• PPP and concession structuring for public infrastructure and government digital systems with utility-like national rollout features.
• Project finance, security package support, foreign lending, syndicated financing, and lender-side documentation exposure.
• Cross-border transactions involving strategic investors, foreign sponsors, multilateral institutions, and development finance stakeholders.

Contact us:

[email protected]
+63 9999329836
www.geronimo.law
Makati City, Philippines

02/04/2026

The "experts" and economists opposing the fuel excise tax suspension are the ultimate examples of what Nassim Taleb calls the Intellectual Yet Idiot (IYI). They are high-IQ academics who possess enough formal education to be articulate but lacking the "skin in the game" to understand how their spreadsheet-driven policies crush the working class in the real world.

According to these IYI experts, suspending the tax is a “blunt instrument” because the wealthy own more cars and consume more liters, thus receiving a larger absolute share of the tax break.

The counter-argument is that while the absolute peso-savings might be higher for the rich, the marginal utility of those savings is life-altering for a poor family where fuel costs represent a massive percentage of their daily budget.

IYI experts prefer "targeted subsidies" which are notoriously plagued by delays, corruption, and exclusion of the informal sector. They are willing to starve a family to ensure a millionaire doesn't save 100 pesos at the pump.

01/04/2026

Our article on the Strait of Hormuz crisis in PeopleAsia. 👇 Stargate PeopleAsia https://peopleasia.ph/strait-of-hormuz-crisis-russellstanleygeronimo/

Geronimo Law issues a daily Oil and Power Advisory on our LinkedIn page and Newsletter at www.geronimo.law/newsletter

We will also deliver a short MCLE course on the fuel crisis and energy emergency as it relates to Philippine oil and energy law, via ACCESS MCLE

29/03/2026

Geronimo Law is launching the Oil and Power Advisory series to share our thinking on the legal, contractual, and economic impact of the Iran war and the Strait of Hormuz crisis, particularly how it affects every stakeholder in the Philippine oil and energy supply chain.

26/03/2026

https://www.geronimo.law/newsletter/the-sec-has-no-power-to-impose-term-limits-on-pse-broker-directors

Can the SEC impose term limits on PSE directors? This article explains why Philippine law limits SEC authority, and why director term limits require legislative action.

26/03/2026

https://www.geronimo.law/newsletter/taxation-of-igaming-providers-under-pagcor-philippines

Understand when PAGCOR VAT exemption extends to iGaming suppliers in the Philippines, including the key requirements, legal precedents, and contract structures.

26/03/2026

https://www.geronimo.law/newsletter/philippine-sec-to-lift-online-lending-platform-olp-moratorium

The SEC plans to lift the OLP moratorium, reopening digital lending with stricter capital, compliance, and consumer protection rules—reshaping how financing and lending companies operate.

24/03/2026

I have been following the SEC's proposal to impose term limits on directors of the Philippine Stock Exchange (PSE), particularly the broker-director seats held by PASBDI members. I want to share my view on it, because I think it touches on our fundamental understanding (or misunderstanding) of corporate governance.

My opinion, plainly stated: the SEC does not have the authority to impose director term limits on the PSE.

The Securities Regulation Code gives the SEC power to supervise compliance and to review rule changes that the exchange itself proposes. It does not include the power to originate governance rules for the PSE and impose them by administrative issuance. Reviewing rule amendments is not the same as drafting or proposing (and much less, dictating) them.

Congress settled the underlying policy question when it enacted the Revised Corporation Code in 2019. It updated corporate law comprehensively and deliberately did not impose term limits on exchange directors.

There is also a deeper principle at work. Every corporation has the inherent right to govern itself through its own by-laws. The Supreme Court affirmed this in Gokongwei v. SEC back in 1979, and nothing in the law since then has displaced it. The SEC's role in corporate governance is to review whether by-laws and exchange rules comply with the law. It does not write the rules.

If the SEC believes term limits would improve market governance, I respect that view. But the proper vehicle is a legislative proposal to Congress, or direct engagement with the PSE stockholders for voluntary adoption. An administrative issuance imposing limits that no statute authorizes would be void.

I wrote an analysis of this with the Geronimo Law team (attached).

Securities and Exchange Commission Philippines The Philippine Stock Exchange, Inc.

17/03/2026

Read our guide to iGaming supplier accreditation in PAGCOR.

Geronimo Law’s guide to PAGCOR accreditation for companies serving the Philippine iGaming industry, including iGaming casino platforms, affiliates, and support service providers.

28/02/2026

There is a risk of legal collision between the U.S. CLOUD Act and the Philippine Government Cloud First Policy's data sovereignty rules.

On the one hand, under the CLOUD Act, U.S. providers must disclose data within their "possession, custody, or control," regardless of whether that data is stored in the U.S. or abroad (e.g., in a Philippine data center).

On the other hand, the Philippine Cloud First Policy asserts "full control and ownership" over government-linked data. It explicitly states that such data shall not be subject to foreign laws or accessible to other countries, regardless of the provider's nationality or the data's location.

U.S. warrants can now legally "reach" into Philippine territory for government-linked datasets, while Philippine policy pushes to insulate that same data from foreign jurisdiction.

Is there a workable reconciliation path? We discuss it here.



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