PRESS RELEASE 2018-011 3 July 2018   PCC: Trans-Asia deal voided and fined; Chelsea-2Go transaction cleared   The Philippine Competition Commission (PCC) nullified the acquisition by Chelsea Logistics Holdings Corp. of Trans-Asia Shipping Lines Inc. and imposed a P22.8M fine for their failure to notify the antitrust commission about the transaction in December 2016. The… continue reading ››

Commission Decision No. 021-M-02/2018:  In the Matter of Udenna Corporation, Chelsea Logistics Holdings Corporation, and Trans-Asia Shipping Lines Inc.’s Alleged Violation of the Compulsory Notification Requirements under Section 17 of the Philippine Competition Act and Rule 4, Section 3 of the Rules and Regulations to Implement Republic Act No. 10667   (PCC Case No. M-2018-03)… continue reading ››

PRESS RELEASE 2018-011 3 July 2018   PCC: Trans-Asia deal voided and fined; Chelsea-2Go transaction cleared   The Philippine Competition Commission (PCC) nullified the acquisition by Chelsea Logistics Holdings Corp. of Trans-Asia Shipping Lines Inc. and imposed a P22.8M fine for their failure to notify the antitrust commission about the transaction in December 2016. The… continue reading ››

Commission Decision No. 20-M-019/2018 Acquisition by Suntrust Properties Inc. of Shares in Stateland Inc.   ABSTRACT: The proposed transaction involves the acquisition by Suntrust Properties, Inc. (Suntrust) of 96.873% of the issued and outstanding capital stock of Stateland, Inc. (Stateland). Post-transaction, Stateland will be a majority-owned subsidiary of Suntrust. Suntrust is a domestic corporation, which… continue reading ››

PRESS RELEASE 2018-009 28 May 2018   PCC flags competition concerns in Grab-Uber transaction    The Philippine Competition Commission (PCC) has flagged competition concerns in the market amid Grab’s takeover of its main rival Uber, citing price increases and service deterioration in the merged ride-hailing app. In its Statement of Concerns (SOC) published today, the… continue reading ››