Gorriceta and Dechert Law Firms Promote Integration of Technology and Innovations in the Philippines

The fourth installment of the Law x Tech & Capital Summit 2022 tackles newer technology and innovations toward legal frameworks

By EDD K. USMAN | Twitter: @edd1819 | Instagram: @bluestar0910 Facebook: SDN — Scitech and Digital News 

Short link: https://wp.me/paaccn-ofU

Atty. Mark Gorriceta, managing partner of the Corporate Group, and head of the Technology Media and Telecommunications Group of Gorriceta Africa Cauton & Saavedra Firm.

MANILA (SDN) – Technology comes in different shapes and purpose. In the time of the coronavirus pandemic, life has to adapt to the global health crisis.

Especially as lockdowns and quarantines became — and still now, though, in milder version — new technologies and innovations came up, necessitated by the dire situation occasioned by Covid-19. It has been to adapt, or to perish!

Life’s various aspects have been a jumbled topsy-turvy of messed up situation, remote working and work from home, and hybrid arrangements in business, and government operation, travel curtailed, education in a sense took a hit, daily routines a struggle. The “new normal” came into being.

Thankfully, the pandemic is easing up, making a return to life’s previous normal seems like a light at the end of the tunnel.

The Gorriceta Africa Cauton & Saavedra Firm (Gorriceta) is no different from other organizations, adapting to new technology to take on the gauntlet of challenges the pandemic laid along the path to success — and survival, even.

And to do this, the firm has been conducting well-attended events dubbed the Law X Tech and Capital Summit. Its latest iteration, the fourth, the firm held on November 10-11, 2022.

Watch: “Metamorphosis: Unlocking Transformation through Investment, Innovation, and Law”

The Summit was in pursuit of the lawyers’ organization’s objective of promoting and integrating newer technology and innovations in the Philippines. Conducted at the Shangri-La at The Fort, Bonifacio Global City, Taguig City, Metro Manila, it was also to help in establishing more comprehensive and reliable legal frameworks.

Gorriceta’s latest event revolved around the theme “Metamorphosis: Unlocking Transformation through Investment, Innovation, and Law” in cooperation with a global law firm — Dechert.

“Metamorphosis” recognized the “ever-changing and continuous development and transformation of technology. Behind digital transformation is the unlocking and interplaying role of investment, innovation, and law.”

From left; Atty. Francis Africa; Todd Schweitzer Brankas; Erika Dizon-Go, UnionBank; and Jerome Eger, Smile API.

The Summit attracted a battery of speakers and participants, all eager to hear what’s to come. They were from representatives from various tech companies, venture capitalists (VCs) and private equity pioneers, amongst some of the industry’s moguls and leaders such as Senator Sonny Angara; Senator Mark Villar; BSP Deputy Governor Berna Romulo-Puyat; Department of Information and Communications Technology’s (DICT) Jocelle Batapa-Sigue, National Privacy Commission (NPC) Commissioner Leandro Angelo Aguirre; BSP Managing Director Bella Santos;, and Securities and Exchange Commission (SEC) Commissioner Kelvin Lee.

Brand leaders such as Angkas, Binance, Brankas, Coinbase, Coins.ph, Foodpanda, Gcash, Grab, Kumu, Lazada, Unionbank, GoTyme, Xendit, and Zoom, among other leading companies in various verticals, also sent representatives.

Angara opened the Private Equity (PE) and Venture Capital (VC) forum on the first day of the Summit by delivering the VIP (Very Important Person) address.

He was followed by the Venture Capital Panel where Gorriceta and Dechert discussed trends in the VC industry in the Philippines, Southeast Asia, and Globally.

From left: Mark Gorriceta, Binance Country Manager Ken Stern; Head of Legal-Asia Pacific Coinbase Andrew Grotowski ; Cpoins.PH CEO Wei Zhou; and PDAX CEO Nichel Gaba.

The event was attended by the most active Venture Capital and Private Equity Funds, namely: Foxmont, Gentree, Kaya Founders, Sierra Madre, Navegar and Creador.

Thereafter, the second panel discussed the fundraising process where both firms shared their expertise and experience in raising funds.

The last panel focused on creating a fundraising strategy where various start-ups shared their valuable insights on their success in undergoing the fundraising process. Gorriceta launched its first PE and VC forum as part of the Law x Tech Summit with its desire to strengthen and spread the word on the nascent PE and VC market in the Philippines.

Featured in the Law x Tech Summit were various segments which ranged from banking, open finance, blockchain, cryptocurrencies, digital assets, and other innovative businesses.

Regulators also joined the discussion by providing the audience with a background on how their respective agencies regulate and support the new and innovative products and services provided by tech companies.

Gorriceta partners Atty. Mark S. Gorriceta, Atty. Francis Africa, Atty. Edsel Tupaz, Atty. Kristine T. Torres, Atty. Raffy F. Cedro, and counsel Atty. Froilyn Pagayatan, together with Ms. Ida Tiongson, and Dechert Partner Dean Collins provided the latest legal updates on various fields of law and best practices in corporate governance for Tech and Fintech Companies.

Equipped with their top-notch knowledge and expertise, speakers and panelists enlightened the attendees with their practical experience and expounded on different concepts and ideas which are in the forefront of their respective industries.

Gorriceta is hopeful that the summit not only enriched the knowledge of its participants and audience but also provided a platform for different entities, both public and private, to connect and synergize. (/)

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About Gorriceta Africa Cauton & Saavedra

Gorriceta Africa Cauton & Saavedra is a top-tier full-service law firm in the Philippines that is internationally ranked and recognized for its excellent legal services. The firm takes pride in delivering exceptional, solutions-based, innovative, and efficient legal services. Gorriceta has an unparalleled understanding of its client’s needs for proactive management of business matters, seeking collaborative partnerships to maximize the provision of workable legal solutions by observing the highest professional standards, delivering personalized and solutions-based service that efficiently meets every client’s needs, and nurturing long-term relationships founded on mutual respect and integrity.

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