Premerger Notification Arrives in the Philippines

Latham & Watkins LLP
Contact

The Philippine Competition Commission has implemented compulsory merger control, while other Philippine antitrust provisions await full application.

The world’s 12th most populous nation joins the global antitrust community -

Last summer the Republic of the Philippines became one of the last APEC Member Countries to adopt a comprehensive modern antitrust law. Although some limited competition provisions could be found lurking in diverse corners of Philippine law, they were rarely enforced. The Philippine Competition Act (PCA), which became effective on August 8, 2015, provides a comprehensive antitrust enforcement regime with prohibitions on the same broad range of anticompetitive practices that has become the baseline for antitrust law in over 130 global jurisdictions: anticompetitive agreements, abuse of a dominant position and anticompetitive structural transactions. The PCA also creates a new enforcement agency, the Philippine Competition Commission (PCC), and provides both administrative and criminal remedies for infringements.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Latham & Watkins LLP | Attorney Advertising

Written by:

Latham & Watkins LLP
Contact
more
less

Latham & Watkins LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide