Competition & Antitrust
PCC Issues Rules for the Implementation of Provisions from “Bayanihan to Recover as One Act” Relating to the Review of Mergers and Acquisitions
On 24 September 2020, the Philippine Competition Commission (“PCC”) issued its “Rules for the Implementation of Section 4(eee) of Republic Act No. 11494, otherwise known as the ‘Bayanihan to Recover as One Act’, Relating to the Review of Mergers and Acquisitions”. The Bayanihan to Recover as One Act is a new law meant as a recovery measure for the Philippines in light of the COVID-19 pandemic. It took effect on 15 September 2020.Philippines | Competition & Antitrust | 15 October 2020
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