Commission Decision No. 03-M-002/2020: In the Matter of the Proposed Acquisition by UC Malampaya Philippines Pte. Ltd. of Shares in Chevron Malampaya LLC ABSTRACT: Under the proposed Share Sale and Purchase Agreement, the transaction involves Chevron Philippines, Ltd. (Chevron Philippines) as seller, UC Malampaya Philippines Pte. Ltd. (UC Malampaya) as buyer, and a subsidiary… continue reading ››
Commission Decision No. 02-M-001/2020: In the Matter of the Proposed Acquisition by MM Air Limited of Shares in Aircastle Limited ABSTRACT: Marubeni Corporation (Marubeni), in partnership with Mizuho Leasing Company (Mizuho Leasing), has entered into a definitive agreements to acquire all of the outstanding common shares of Aircastle Limited (Aircastle – NYSE: AYR) that Marubeni… continue reading ››
Call for Comments: PCC Circular on Process for Exemption from Compulsory Notification in Unsolicited Public-Private Partnership (PPP) Projects The Philippine Competition Commission (PCC) invites stakeholders, representatives from the business, legal, academic, and trade groups, as well as other government agencies to submit their comments on the draft PCC Circular on Process for Exemption… continue reading ››
2020: Toward a more robust competition regime By Arsenio M. Balisacan, PhD January 15, 2020 In last week’s column, I discussed how 2019 proved to be a banner year for the Philippine Competition Commission. Having gained significant experience in the past three years, the PCC confidently flexed its enforcement muscle by deciding on several… continue reading ››
Commission Decision No. 01-M-029/2020: In the Matter of the Proposed Acquisition by City Savings Bank, Inc. and UBP Investments Corporation of Shares in Bangko Kabayan, Inc. ABSTRACT: The proposed transaction is the acquisition by City Savings Bank, Inc. (CitySavings) and UBP Investments Corporation (UBPIC, formerly Union Properties, Inc.) of 2,574,178 common shares of stock… continue reading ››
2019: A banner year for competition enforcement By Arsenio M. Balisacan, PhD January 8, 2020 Despite the many headwinds it continued to face, the Philippine economy received some welcome news at the end of 2019: poverty estimates recently released show that the country’s full-year poverty incidence dropped from 23.3 percent in 2015 to 16.6… continue reading ››
*** The Philippine Competition Commission (PCC) invites stakeholders, representatives from the business, legal, academic, and trade groups, as well as other government agencies to submit their comments on the draft PCC Circular on Guidelines and Process on the Exemption from Compulsory Notification in Joint Venture Agreements between the Government and Private Entities as Issued by the… continue reading ››
Commission Decision No. 35-M-027/2019: In the Matter of the Proposed Joint Venture Between Filinvest Alabang, Inc. and Mitsubishi Corporation ABSTRACT: The proposed transaction involves the formation of a joint venture between Mitsubishi Corporation (“Mitsubishi”) and Filinvest Alabang, Inc. (“Filinvest Alabang”), through the acquisition by Mitsubishi of 40% of the issued and outstanding shares of… continue reading ››
Commission Decision No. 34-M-028/2019: In the Matter of the Proposed Acquisition by Mikuni Toyo Co., Ltd. Of All Shares in Hitachi Terminals Mechatronics Philippines Corporation ABSTRACT: The proposed transaction is the acquisition by Mikuni Toyo Co., Ltd. of 100% of the issued shares belonging to Hitachi Omron Terminal Solutions (HOTS) in Hitachi Terminals Mechatronics Philippines… continue reading ››