As of tomorrow, October 3, a similar law goes into effect in our country. It's currently being petitioned though, mainly because of one of the authors of the said law was recently embroiled in "plagiarism" accusations (which, when scrutinized, holds quite accurate). Plus, the law was very vague and could put is in jail for 12 years on counts of "online libel" just for "liking and sharing" an online post that is deemed "libelous". It covers a wide array of issues concerning online though, including file-sharing and torrents.
It's gonna be a sad, sad world tomorrow for us in the Philippines. The die has been cast.