Guidelines for the Motu Proprio Review of Mergers and Acquisitions in Digital Markets

PHILIPPINE COMPETITION COMMISSION GUIDELINES FOR THE MOTU PROPRIO REVIEW OF MERGERS AND ACQUISITIONS IN DIGITAL MARKETS

Legal Basis

One. Pursuant to Section twelve B one of Republic Act Number one thousand six thousand six hundred sixty-seven, otherwise known as the "Philippine Competition Act", the Philippine Competition Commission may review mergers and acquisitions and prohibit those which are likely to substantially prevent, restrict or lessen competition in the market.

Purpose

Two. These Guidelines are being issued by the PCC pursuant to Section twelve of the PCA. These Guidelines are intended to give greater transparency and predictability to the PCC's understanding of the PCA. These are not intended to constitute a restatement of the PCA or its Implementing Rules and Regulations and should not be construed as binding on how the PCC will act upon specific mergers or acquisitions. These Guidelines would allow digital companies to consult with the PCC on whether a particular transaction might be harmful to competition.