PCC Adjusts Thresholds for Compulsory M&A Notifications
Kala Anandarajah, BBM
*Partner, Head, Competition & Antitrust and Trade, Rajah & Tann Asia *Non-Government Adviser, ICN *Senior Accredited Director, SID *Board Member, Health Science Authority *Director, IHRP
On 21 February 2019, the Philippine Competition Commission ("PCC") has adjusted the thresholds for compulsory notifications of mergers and acquisitions ("M&As"). The new thresholds will apply from 1st March 2019. This Update provides detail of the revised notification thresholds which businesses intending to enter into M&A transactions in the Philippines should take note of to determine whether their transaction will need to be notified to the PCC. Written by Kala Anandarajah, Dominique Lombardi, Tanya Tang and Zheng Xi.