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The PCA prohibits entering into anti-competitive agreements (e.g., price fixing, bid rigging), abusing a dominant market position, and entering into anti-competitive mergers and acquisitions (M&As). The PCA covers any person or entity engaged in trade, industry, and commerce in the Philippines. It also applies to international trade that may
Key aspects of the new law. Prohibits entities from entering into anti-competitive agreements. Prohibits abuse of their dominant position by entities. Sets out a framework for the compulsory notification of mergers and acquisitions where the value of the transaction exceeds PHP1 billion (approximately USD21.7 million) .
decades, the Philippine government finally enacted a law that will promote free and fair competition in economic activities and penalize anti-competitive conduct. Indeed, the enactment into law of the Philippine Competition Act (Republic Act 10667 signed into law on July 21, 2015)
COMPETITION ACT (PCA), is the primary competition law in the Philippines for promoting and protecting competitive markets. I. Key prohibitions. A. Anti-competitive agreements. The PCA prohibits the following agreements between or among competitors: Restricting competition as to price, or components thereof, or other terms of trade; and.
Without genuine competition, a handful of products and suppliers could end up controlling the market through anti-competitive practices such as fixing prices, restricting supplies, and...
In the Philippines, price fixing between or among competitors is likewise per se prohibited, as provided under Section 14 (a) (1) of the PCA. Violation of this provision carries the penalty of fine and imprisonment. On the other hand, vertical price fixing involves price fixing agreements at different levels of the supply chain.
The Philippine Competition Act (Republic Act 10667 or the “Act”) defines, prohibits and penalizes three types of anti-competitive conduct: anti-competitive agreements, abuse of dominant position, and anti-competitive mergers and acquisitions.
