The Philippine Competition Commission (PCC) said it needs to delay rulings on active cases involving the medical services and tourism industries, due to the large number of respondents to be processed. READ:
On the other hand, it expects to resolve by the end of the year active enforcement cases involving property developers who steer tenants to certain internet services; trade associations; cement; and insurance.cer-in-charge chairman, said in an interview on the sidelines of the East Asia Conference on Competition Law and Policy in Makati City last week that the delayed resolutions represent a downgrade in the PCC’s estimate of completed enforcement actions to four by the end of the year from six.
Mr. Bernabe said the PCC is expected to issue more notices of investigation following the lowering of the threshold for the mandatory reporting of mergers and acquisitions. “No updates has been made known to the commission as yet, but I understand that the mergers and acquisitions office is beginning to buzz again,” he added.Mergers and acquisitions that reach a size of party of P6.1 billion and a size of transaction of P2.5 billion are required to give notice to the PCC for mandatory review.
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