FRANCIS ED. LIMPosition: Senior Partner
Alternative Dispute Resolution
Capital Markets / Securities
Corporate Rehabilitation and Restructuring
Foreign Investments and Joint Ventures
Intra-Corporate Disputes / Proxy Fights / Corporate Take-overs
Mergers and Acquisitions
Mr. Francis Lim is a Senior Partner of ACCRALAW. He is a member of the Corporate and Special Projects Department (CSPD) and the Litigation and Dispute Resolution Department (LDRD) of ACCRALAW.
Mr. Lim re-joined ACCRALAW on July 5, 2010 after serving as President and CEO of the Philippine Stock Exchange (PSE) from September 15, 2004 to February 15, 2010. He is the longest serving President and CEO of the PSE. During his term, he also served as a Director of the PSE; President & CEO of the Securities Clearing Corporation of the Philippines (SCCP); Chairman of the Philippine Stock Exchange Foundation, Inc., (PSEFI) and Capital Market Development Center, Inc. (CMDCI); Director of the Philippine Dealing & Exchange Corporation (PDEx); Trustee of the Securities Investors Protection Fund (SIPF) and member of Capital Market Development Council (CMDC).
Mr. Lim is credited with several reform initiatives in the Philippine Stock Exchange. Among others, he successfully worked for the passage by Congress of several capital-market related laws, namely, Personal Equity Retirement Account Act (PERAA); Credit Investment System Act (CISA); Real Estate Investment Trust Act (REITA); Documentary Stamp Duty Exemption for secondary trading of listed stocks; and Financial Rehabilitation and Insolvency Act (FRIA). He was the Chairman of the Technical Work Group on the Collective Investment Schemes Law (CISL) and Chairman of the Technical Work Group on Real Estate Investments Trusts (REITS) in the Fourteenth Congress of the Senate of the Republic of the Philippines.
Mr. Lim is currently a member of the Financial Executives of the Philippines (FINEX) and Management Association of the Philippines (MAP). He is a law professor at the College of Law of the Ateneo de Manila University and the Graduate School of Law of San Beda College, and Professorial Lecturer of the Philippine Judicial Academy.
Mr. Lim is a member of both the Philippine bar and New York State bar. As a lawyer, Mr. Lim was actively involved in the revision of rules for Philippine courts. He is the Co-Chairperson of the Sub-Committee of the Philippine Supreme Court on E- Commerce Law and member of Sub-Committees on SEC Cases; Commercial Courts; Revision of Rules Governing Notaries Public; and on Evidence and DNA Evidence. In such capacity, he actively participated in the drafting of the following rules: Interim Rules on Intra-Corporate Controversies; Rules on Corporate Rehabilitation, Rules on Electronic Evidence, Rules on Notarial Practice, Rules on DNA Evidence and proposed Revised Rules on Evidence.
Mr. Lim is a columnist in the Business Section (Point of Law) of The Philippine Daily Inquirer and is the Philippine Contributor to Complinet Complete, an online publication of Thomson Reuters.
Atty. Lim has been invited in numerous local and international seminars and fora to speak on business-related topics and has written papers published in both local and international publications. Among his articles are: The Special Purpose Vehicle Act of 2002: A Brief Summary of The Philippines Republic Act No. 9182, Informal Workouts, Restructuring and the Future of Asian Insolvency Reform, published by the Organization for Economic Co-Operation and Development (OECD), 294-297 (2003), OECD Centre for Co-Operation with Non-Members; Co-Author: Getting the Deal Through: INSOLVENCY & RESTRUCTURING 2002, series in 30 Jurisdictions Worldwide, Law Business Research 145 (October 2001); Co-Author: The Philippines Establishes New Rehabilitation Rules, Designates Insolvency Law Court, published by Journal of American Bankruptcy Institute 18, The International Scene (April 2001); Enforcing Foreign Judgments, 335-342 (1997), published by LLP London & Hong Kong; and Determining The Reach and Extent of Summary Decisions, 8 THE REVIEW OF LITIGATION (University of Texas) 165 (1989). Among his local publications are: Benchbook for Commercial Law Judges, Procedures for Corporate Rehabilitation; Litigation in E-Commerce: Proving A Case With Electronic Documents, 45 ATENEO LAW JOURNAL 355 (April 2001); Client Identity: Is It Protected Information Under the Attorney-Client Privilege?, 39 ATENEO LAW JOURNAL 35 (1995); The New Rules on Corporate Recovery of the Securities and Exchange Commission, 28 JOURNAL OF THE INTEGRATED BAR OF THE PHILIPPINES 79 (2000); The Emerging Law on Lender Liability in the Philippines, 28 JOURNAL OF THE INTEGRATED BAR OF THE PHILIPPINES 17 (1990); Does Suspension of Payments Cover Foreclosure of Mortgages?, 9 PHILIPPINE LAW GAZETTE 15 (1986); The Old and New Rules on Criminal Procedure, 8 PHILIPPINE LAW GAZETTE (Pts 1 and 2) 10 (1985); and The Other Side of the New Law on Bouncing Checks, 23 ATENEO LAW JOURNAL 25 (1978).
Prior to joining the PSE in September 2004, Mr. Lim worked on several high profile transactions and cases such as the attempted hostile takeover of The Philippine Long Distance Telephone Company in 2002; the dispute relating to the initial public offering of Pilipino Telephone Company (PILTEL); Deustche Telekom buy-out of equity stake in Isla Communications Company, Inc. (ISLACOM); the intra-corporate controversies relating to the Chemphil and Banco Filipino groups of companies; rehabilitation and re-structuring workouts and cases involving Maynilad Water Services, Inc., RAMCAR, Bayan Telecommunications, Inc (BAYANTEL); and the NAIA Terminal III project.
Mr. Lim graduated magna cum laude in Bachelor of Philosophy and cum laude in Bachelor of Arts from the University of Santo Tomas. He obtained his Bachelor of Laws degree (Second Honors) from the Ateneo de Manila University and his Master of Laws degree from the University of Pennsylvania, USA.
Mr. Lim was born on February 9, 1955 in Manila, Philippines. He is married to Atty. Remedios Montecastro-Lim with four (4) children Jose Paolo (Paolo), Francis Edward (Edward), Juan Lorenzo (Julo) and Stephanie Anne (Stef).