4, 2013

NR # 3216B

Solons move to update half-a-century-old Philippine commercial laws
Lawmakers have filed a bill creating the proposed Commercial Code Commission to undertake the revision and re-codification of all existing commercial laws of the country to promote good governance and efficacy in the judicial system. Reps. Christopher Co and Rodel Batocabe (Party-list, AKO Bicol), authors of House Bill 380, to be known as the “Commercial Code Codification Act of 2013,” expressed optimism the measure would be approved by the 16th Congress. Co said the proposed Commercial Code Commission should complete its work within one year after the bill is enacted into law. “It shall then submit to the President a report of the work undertaken by it together with the corresponding drafts of the different codes for submission to Congress,” he said. The Commission, which shall be under the Office of the President, is tasked to implement the revision of substantive commercial laws and codifying them in conformity with the customs and traditions of the Filipino, and modern trends in legislation and the progressive principles of law, Co said. Co recalled that in 1947, President Manuel Roxas, in creating the Code Commission, paved the way for the passing of the Civil Code of 1957. “More than half a century has passed, as well as thousands of laws, and again we see the necessity of executing the heed of President Roxas in his order. The words of Pres. Roxas 63 years ago are as relevant today as it was then,” Co said. Co also cited President Aquino, in his State of the Nation Address in 2010, urging Congress to begin a re-codification of all existing substantive penal laws of the Philippines, in line with the President’s platform of good governance and efficient legislation, and to effectively remove contradictions, redundancies and confusing provisions in our laws. Only recently, Speaker Feliciano Belmonte, Jr. and Department of Justice Secretary Leila de Lima jointly endorsed the enactment of a new Philippine Code of Crimes that will totally replace the antiquated Revised Penal Code of 1932. The endorsement came at the launching of two House Bills (Nos. 2300 and 2032) which contain the proposed “Philippine Code of Crimes of 2013” and “The Criminal Investigation Act of 2013”, principally authored by House Justice committee Chairman Niel Tupas, Jr. (30) dpt