10 November, 2017
The Philippine Competition Commission (PCC) has issued its rules of procedure covering investigations of anti-competitive agreements and abusive conduct, including guidance on the imposition of penalties and other remedies. The rules do not cover the PCC’s leniency policy: these are expected to be the subject of a separate set of rules.
The PCC has also issued for consultation a draft set of detailed procedural rules for assessing merger filings: these rules are expected to be issued in final form this month. If the relevant provision in the draft is retained in the final version, the parties will be required to notify the merger within 30 days after executing the definitive agreements, prior to any acts of consummation (unlike the current position whereby the parties have to file before executing the agreements).
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For further information, please contact:
Maria Christina J. Macasaet-Acaban, Partner, Quisumbing Torres
christina.macasaet-acaban@quisumbingtorres.com
