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Antitrust / Competition

Philippine Competition Commission Increases Mandatory Notification Thresholds

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Recent Developments

On 17 February 2020, the Philippine Competition Commission (PCC) published PCC Commission Resolution No. 02-2020 dated 11 February 2020 (CR No. 02-2020) on its website, which adjusts the mandatory notification thresholds under the Philippine Competition Act (PCA) and PCA Implementing Rules and Regulations (PCA-IRR), as follows:

  • Size of Party will be increased from PHP 5.6 Billion to PhP 6 Billion
  • Size of Transaction will be increased from PhP 2.2 Billion to PhP 2.4 Billion.

The adjusted thresholds in CR No. 02-2020 will take effect on 1 March 2020, and shall apply to M&A transactions whose definitive agreements are signed or executed thereafter.

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Author

Maria Christina Macasaet-Acaban is a partner, and the head of the Corporate & Commercial Practice Group, the Healthcare Industry Group, and the Competition Focus Group, in Quisumbing Torres, a member firm of Baker & McKenzie International. She is a member of Baker & McKenzie International's Asia Pacific Healthcare Steering Committee, and the Asia Pacific Competition Steering Committee. She has 19 years of experience advising and representing multinational corporations on domestic and cross-border transactions.

Author

Joemyl Baloro is an associate in Quisumbing Torres' Corporate & Commercial Practice Group. Prior to joining the Firm, he was an Attorney in the Merger Review Division of the Philippine Competition Commission for almost two years. He was also a Legal Counsel for Corporate & Compliance of a multinational beverage company.

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