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SyCip Salazar Hernandez & Gatmaitan 

May, 2017 - , Philippines

 

 

Competition Bulletin: New Issuances of the Philippine Competition Commission

 

The Philippine CompetitionCommission (“PCC”) has issued the following:
· MemorandumCircular No. 17-001 setting out the guidelines for the imposition of finesfor failure to comply with the merger notification requirements and waitingperiods under the Philippine Competition Act (“PCA”) and the Implementing Rulesand Regulations (“IRR”).
· ClarificatoryNote No. 17-001, which clarified that, although the waiting period invoting securities acquisitions begins after the acquiring entity files acomplete Merger Notification Form, the acquired entity is nevertheless requiredto submit its Form no later than 10 days from the day the acquiring entityfiles its Form.
· MergerReview Guidelines, which outline the principal analytical techniques,practices, and the enforcement policy of the PCC with respect to mergers andacquisitions that may have a direct, substantial and reasonably foreseeableeffect on trade, industry, or commerce in the Philippines.
 
Download and read the complete Competition Bulletin. Thebulletin was authored by SyCipLaw partnerArlene M. Maneja.


 

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