E Commerce Law Of The Phil

Sinobiomed Announces ShopShipUSA, E-Commerce Social Networking Retail Site to ...

SAN CARLOS, Calif., June 14, 2011 (GLOBE NEWSWIRE) -- Sinobiomed Inc., an e-commerce facilitator d/b/a Sitoa Global Inc., (OTCQB:STOA) (the "Company"), today announced that it will enter the Philippine consumer market with the launch of ShopShipUSA, a social e-commerce site focused on Filipino online shoppers looking to purchase branded U.S. or European luxury items. ShopShipUSA will partner with LBC, one of the largest freight carriers in the Philippines, to market the site which will allow Filipino retail customers to purchase branded, U.S. or European made premium goods and have those items shipped to them directly via LBC's balikbayan service. A balikbayan is a low cost shipping method. Interestingly, the Balikbayan box started in the Philippines with a law enacted by former Philippine President, Ferdinand Marcos, during the 1980s when there was a resurgence of Filipinos working overseas who often needed to ship things back home. Against this backdrop, the balikbayan was established and today, the Philippine Bureau of Customs Circular still allows the entry of personal goods into the Philippines from Filipinos overseas, tax free. There are an estimated 10 million Filipinos living overseas or about 11% of the total population of the Philippines. The largest overseas group of Filipino nationals of 2.8 million live in the United States, while the size of the Filipino American community, including U.S. citizens, is estimated to be 4 million by the U.S. State Department. "With ShopShipUSA's online balikbayan, consumers in the Philippines and abroad can now shop online and ship items directly to an address in the Philippines, making branded, U.S. or European luxury items just a click away," advised Cal Lai, the Company's President and CEO. He continued, "ShopShipUSA is designed to give Filipino customers great access to the products they desire, as typically, these branded luxury items are available in the Philippines only at much higher prices than in the United States. For U.S. retailers, we believe ShopShipUSA offers immediate access to an underserved international market by allowing U.S. sellers to gain easy exposure to a new and enthusiastic customer base seeking quality products at favorable prices. It's a win-win situation that we think will demonstrate great results in the months to come as the Company rolls out its ShopShipUSA e-commerce solution to international retailing.

Chris C. Attorney-At-Law: Philippine Business Laws

Commonwealth Act No. Act No. 2031, also known as the Negotiable Instruments Law, provides for the concept of a promissory note, bill of exchange and checks. Presidential Decree No. 115, also known as the Trust Receipt Law provides for the regulation of Trust Receipt transactions. Commonwealth Act No. 2137 (Warehouse Receipt Law) seeks to encourage transactions on negotiable warehouse receipts, which may be issued by a warehouseman engaged in the business of receiving commodities on deposit for storage. Batas Pambansa Blg. 22 penalizes the mere issuance of worthless checks in payment of a pre-existing obligation. Under Administrative Circular No. 13-2001 issued on February 14, 2001 by the Supreme Court of the Philippines, A.C. 12-2000 does not remove imprisonment as an alternative penalty for violations of Batas Pambansa Blg. 22. In this regard, judges of Philippine courts are given discretion to determine whether the mere imposition of fine would best serve the interest of justice. provides for the rights of workers, including the minimum labor standards that should be provided to every worker. Some of the basic rights of workers include: right to a fair wage, right to equal employment opportunities to all, right to self-organization and collective bargaining, right of labor to a just fruits of production, security of tenure, hours of work, weekly rest day, wage and wage related benefits, safe and healthful conditions of work, and peaceful concerted activities including the right to strike in accordance with law. . Under Republic Act No. 8293, also known as the Intellectual Property Code of the Philippines, such law is enacted to streamline administrative procedures of registering patents, trademarks and copyright, to liberalize the registration on the transfer of technology, and to enhance the enforcement of intellectual property rights in the Philippines. Atty. Carpio-Aldeguer has been in the legal profession for 12 years. She is an author of three books, namely: Philippine Tourism Laws, Smart Guide to Apprenticeship and Practicum Training, and Human Resource Management in the Tourism and Hospitality Industry. She graduated Master in Business Administration (with high distinction) at Far Eastern University. Currently, she is teaching business law at the Institute of Accounts, Business and Finance of Far Eastern University, Manila.

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