Asia Cup 2007 Memorial for the Respondent Mariel R. Seno Anna Loren R. Ramos, Janice C. Lee Anya M. Palileo Bioprospecting or Biopiracy: Does the TRIPS Agreement Undermine the Interests of the Developing Countries? Lowell B. Bautista When Accounting Meets Tax: How the International Accounting Standards Affect Philippine Income Taxation M. Alviar Chery Vi M, Saldtua Castillo Rethinking the Foundations: Sovereignty, Community, and the International Legal Order from a Social Pluralist Perspective Rand R. Bagares VOLUME 82 SEPTEMBER 2007CONTENTS VOLUME 82___ SEPTEMBER 2007 _NUMBE Foreword ASIA Cup 2007 MEMORIAL FOR THE RESPONDENT....... 1 Maricel Maricel ®. Seno, Anna Lorem 8. Ramos, Janice C. Lee, and Anya M. Palileo BIOPROSPECTING OR BIOPIRACY: Does THE TRIPS AGREEMENT UNDERMINE THE INTERESTS OF THE DEVELOPING COUNTRIES? Lowell B. Bautista WHEN ACCOUNTING MEETS TAX: HOW THE INTERNATIONAL ACCOUNTING STANDARDS AFFECT PHILIPPINE INCOM {TAXATION Myriilen M. Alviar Cherry Vi M. Saldua-Castilla RETHINKING THE FOUNDATIONS: SOVEREIGNTY, COMMUNITY, AND THE INTERNATIONAL LEGAL ORDER FROM A SOCIAL PLURALIST PERSPECTIVE, Remel R. Bagares 68 THE PHILIPPINE LAW JOURNAL ISSN 0031-7721 Published quarterly curing che aeademic year at the University of the Philippines, Editorial and Business Offices: College of Law, Malcolm Hall, University of the Philippines, Diliman, Quezon City, Philippines. Reemtered ar Secund-Class Mat at the U.P. Post Offic, Diliman, Qnezon City on September 1, 1978. Phone: 9205514 loc. 111 or 221 NOTICE ‘The JOURNAL shall accept contributions written in Microsoft Word document format or Rich Text format. Contributions must be emailed to pli@up.cdu.ph or sent in a 3.5” floppy disk or CD-ROM. Submissions must follow the Bluebook citation format Local Subscription Rate Foreign Subscription Rate One (1) seat PHP100000 One (1) sear USDI2000 Single Copy PHP 25000 Single Copy Usb 3400