Feb 012017
After the Philippine Competition Commission (PCC) was formed in February last year, parties to a merger or acquisition that is valued at more than P1 Billion were mandated to notify the Commission in writing. Such notification was the only requirement until June 2016.
The Implementing Rules and Regulations (IRR) of the Philippine Competition Act (PCA) which became effective on June 18, 2016 provided for the guidelines in determining the “value” of covered merger or acquisition as well as the review procedure.