Interview with Mark Gorriceta, one of ALB Asia's Leading TMT Lawyers, Courtesy of Gorriceta Africa Cauton & Saavedra
In a dynamic and rapidly evolving technology landscape, Gorriceta Africa Cauton & Saavedra (GAC&S) has established itself as a leading law firm in the Philippines. The firm's deep-rooted expertise and commitment to staying abreast of the latest developments have positioned it at the forefront of the Technology, Media, and Telecommunications (TMT) sector.
Securing the First Permanent Crowdfunding License
GAC&S made headlines recently by securing the country's first Permanent Crowdfunding License for Investree Philippines Inc. from the Philippine Securities and Exchange Commission (SEC). This milestone underscores the firm's unwavering dedication to navigating the complexities of the TMT sector.
Spearheading Acquisitions and Licensing Applications
The firm has been instrumental in spearheading acquisitions of key FinTech players in the country, such as the acquisition of Dragonpay Corporation by Xendit Pte. Ltd. GAC&S has also assisted several institutional and up-and-coming banks in their license applications and digital financial service offerings in line with the regulations of the Bangko Sentral ng Pilipinas (BSP).
Engaging in Regulatory Dialogues
A representative from GAC&S is involved in the BSP's Open Finance Oversight Committee as a representative of Fintech Philippines Association and the FinTech Alliance. This active engagement in regulatory discussions demonstrates the firm's commitment to shaping the future of the TMT sector in the Philippines.
Staying Informed and Educating Others
To stay updated, the firm's representatives deliver lectures, participate in panel discussions, and contribute to legal publications concerning novel TMT issues. This proactive approach to knowledge sharing helps ensure that GAC&S remains at the cutting edge of TMT law.
Embracing the Future of TMT
Young lawyers specializing in TMT at GAC&S are encouraged to master fundamentals in banking, securities, and public utilities laws and regulations. Keeping up with global developments and trends in TMT is crucial for these professionals, as they strive to stay ahead in this dynamic environment.
A Deep Dive into TMT
Understanding the market and products in the TMT space requires studying the technical side, including reading and analyzing data and transaction flows. GAC&S is deeply embedded in both the regulatory and private stakeholder discussions, ensuring that they have a comprehensive understanding of the TMT sector.
Navigating the Dynamism of TMT
The key strategies for TMT lawyers to keep up with rapidly changing business and regulatory trends include maintaining deep technical and regulatory expertise, engaging closely with evolving digital regulations, and integrating multidisciplinary knowledge across law, technology, and business. GAC&S embodies these strategies, making it a formidable player in the TMT sector.
In the past 12 months, GAC&S has facilitated pioneer regulatory FinTech licenses, demonstrating its ability to navigate the complexities of the TMT sector effectively. The firm is also heavily involved in various fundraising campaigns and strategic licensing applications of onshore and offshore blockchain-based companies seeking to establish and expand their presence in the Philippines.
As the TMT sector continues to evolve, GAC&S remains steadfast in its commitment to lead the way, ensuring that the Philippines remains at the forefront of technological innovation.
- Given its recent success in securing the first Permanent Crowdfunding License from the SEC and its role in spearheading acquisitions and licensing applications, Gorriceta Africa Cauton & Saavedra (GAC&S) is demonstrating its expertise in navigating the complexities of law within the Technology, Media, and Telecommunications (TMT) sector.
- To stay ahead in the TMT sector, GAC&S is committed to engaging in regulatory dialogues, such as its representative being a part of the BSP's Open Finance Oversight Committee, staying informed through lectures, panel discussions, and legal publications, and embracing the future by encouraging young lawyers to master banking, securities, and public utilities laws and regulations.
