Sumary of Antitrust watchdog to resume review of mergers and acquisitions:
- MANILA – The motu proprio review of mergers and acquisitions which was suspended for a year under the country’s second coronavirus response law is set to resume, the Philippine Competition Commission said Wednesday.
- The Bayanihan to Recover as One Act earlier implemented a moratorium on non-notifiable M&A reviews which will expire on Sept.
- 15. “With the year-long suspension lifted, and based on its increased market monitoring efforts, PCC can now launch motu proprio reviews and flag M&As which may have potentially anti-competitive effects regardless of any transaction value,” said PCC Chairperson Arsenio M.
- “We are hopeful that the return of PCC’s motu proprio review powers would discourage deals that are potentially anti-competitive.