Commission Decision No. 18-M-013/2019:  In the Matter of the Proposed Acquisition by East West Banking Corporation of the Philippine Bank of Communications’ Auto Loan Portfolio

COMMISSION DECISION NO. 18-M-013/2019:  In the Matter of the Proposed Acquisition by East West Banking Corporation of the Philippine Bank of Communications’ Auto Loan Portfolio   ABSTRACT; The Philippine Competition Commission (PCC) has approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom). The… continue reading ››

Guidelines on Notification of Joint Ventures

Guidelines on Notification of Joint Ventures   The Mergers and Acquisitions Office (MAO) of the Philippine Competition Commission (PCC) implements the Guidelines on Notification of Joint Ventures in order to offer clarification and explanation with regard to (i) joint ventures; and (ii) the application of the thresholds under the Implementing Rules and Regulations to joint ventures…. continue reading ››

Guide to Computing Merger Notification Thresholds

The Mergers and Acquisitions Office (“MAO”) of the Philippine Competition Commission (“PCC”) is responsible for reviewing mergers and acquisitions transactions that breached the thresholds provided under the law, which could substantially prevent, restrict, lessen competition in the relevant market or in the market for goods or services. The guidelines below is aimed to provide assistance… continue reading ››

PCC Policy Statement 18-01: On the Adjustment of the Thresholds for Compulsory Notification of Mergers and Acquisitions

In accordance with the Philippine Competition Act, its Implementing Rules and Regulations (IRR) set the Size of Transaction (SoT) and Size of Party/Person (SoP) thresholds at one (1) billion pesos. Upon review, the Philippine Competition Commission has deemed it reasonable to increase the values of the notification thresholds. Beginning on 20 March 2018, the SoT… continue reading ››