Angara Abello Concepcion Regala & Cruz (ACCRALAW)

Founded in 1972, Angara Abello Concepcion Regala & Cruz (ACCRALAW) is the country’s top-tier firm which headquartered in Manila and has full-service branches in Cebu City and Davao City.  

The firm is best known for its banking and finance, capital markets, corporate and M&A, intellectual property, tax and employment practices. It is also regularly consulted by the Philippine Senate and House of Representatives, the Bangko Sentral ng Pilipinas, the World Bank and the Asian Development Bank, and invited to assist in legislative and regulatory work. 

Highlights  

Recent examples of the firm’s capital market work include advising Standard Chartered Bank and ING Bank in relation to the upsize of UBP’s Bond Program and the issuance of the Peso-denominated fixed rate Series F and G Bonds of UBP. This deal is the Philippine’s first public non-sovereign bond exchange. 

In the M&A space, the firm assisted the Bank of the Philippine Islands (BPI) as the surviving bank in the merger with Robinsons Bank. The transaction is a merger between one of the country’s largest banks, BPI and the commercial bank Robinsons Bank, which required obtaining approvals from various regulatory agencies. 

Key clients 

Sumitomo Mitsui Banking Corporation, Bank of the Philippine Islands, HC Consumer Finance Phils, Axelum Resources, RCBC Capital Corporation