The Philippine Competition Commission publishes the Commission Resolution which adjusts the mandatory notification thresholds under the Philippine Competition Act

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. Implications for Business in the Philippines M&A transactions whose definitive agreements are executed

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Christina Macasaet-Acaban, Joemyl Baloro, The Philippine Competition Commission publishes the Commission Resolution which adjusts the mandatory notification thresholds under the Philippine Competition Act, 17 February 2020, e-Competitions March 2020, Art. N° 93462

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