Document background
The Share Allocation Agreement is a crucial document used in Philippine corporate transactions when a company wishes to issue or allocate shares to new or existing shareholders. This document is essential for compliance with Philippine corporate law, particularly the Revised Corporation Code and Securities Regulation Code. It is commonly used in various scenarios including capital raising, employee share schemes, corporate restructuring, or strategic investments. The agreement must address specific Philippine regulatory requirements, including foreign ownership restrictions if applicable, and typically includes detailed provisions about the share allocation process, payment terms, conditions precedent, and completion mechanics. It also needs to incorporate necessary corporate approvals and may require registration with or notification to the Philippine Securities and Exchange Commission depending on the transaction size and nature.
