NO&T Asia Legal Review
Background
Since the Philippine Competition Act (Republic Act No. 10667) came into effect on August 8, 2015, the Philippine Competition Commission (“PCC”) has received 184 merger notifications with a total transaction value of Php2.87 trillion. Of this number, it has approved 174 transactions, and blocked 1 transaction. Drawing on this experience, the PCC has determined there are certain mergers that are less likely to substantially prevent, restrict or lessen competition in relevant markets and adopted Commission Resolution 008-2019 re: Approving and Adopting the PCC Rules on Expedited Merger Review (“Rules on Expedited Merger Review”) which took effect on July 2, 2019 and applies prospectively to merger reviews filed.
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Shejal Verma
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