EXPLAIN THE FOLLOWING SENTENXE IN TAGALOG. DO NOT TRANSLATE, IT SHOULD BE WELL EXPLAINED

PARAGRAPH 1: Restaurants and other tourism-related establishments such as department stores and

shops are governed by the laws on retail trade by reason of the nature of their business. In the

past, operation and ownership of these establishments are confifi ned only to Filipino citizens or

to corporations and associations fully owned by Filipino citizens. By reason of the enactment

of the Retail Trade Liberalization Act 2000, foreign investors may now engage in retail trade

subject to capital requirements (refer to Chapter X, Laws Regulating Restaurants and Other

Tourism-Related Establishments).

Explanation: (Tagalog)

PARAGRAPH 2:

Discussion of the Law

The following sales transactions are exempted under the coverage of the Retail Trade

Liberalization Act of 2000 and are therefore allowed 100% foreign ownership participation:

• (a) By a manufacturer, processor, laborer or worker, to the general public the products

manufactured, processed or produced by him if his capital does not exceed5100,000.00;

• (b) By a manufacturer of his products in a single outlet, irrespective of capitalization;
• (c) In restaurants incidental to the hotel business.

Explanation: (Tagalog)

PARAGRAPH 3:

Application of the Law

Case: Mr. Chek O. Teng, a Chinese resident and citizen, wants to put up a fifi ne dining restaurant

West Avenue, Quezon City specialized in Macanese cuisine. If you are the lawyer appointed by

Mr. Teng to put up his business, what advice will you give?

Legal Opinion: As the lawyer of Mr. Teng, I will advise him that he has these choices:

1) He may register as a single proprietor at the Department of Trade and Industry subject to

the investment qualififi cations as prescribed under the Retail Trade Liberalization Act of 2000;

2) He may look for partners or incorporators and form a partnership or corporation under

Philippine Laws. However, the formation must be based on the limited 40% foreign

equity as prescribed under the Retail Trade Liberalization Act of 2000;

3) He may put up a restaurant incident to a hotel business in West Avenue, Quezon City so that

he will be exempted under the Retail Trade Liberalization Act of 2000. In this case, he may put

up a joint venture with an owner of a hotel business to pursue his restaurant business.

Explanation: (Tagalog)

NOTE: follow the indicated format where in tehre should be an explanation each paragraph in tagalog.