philippine competition act pdf

10667 (PHILIPPINE COMPETITION ACT) To effectively carry out the provisions of Republic Act No. 3480 0 obj <> endobj 0000006933 00000 n An Act Providing for a National Competition Policy Prohibiting Anti-Competitive Agreements, Abuse of Dominant Position and Anti-Competitive Mergers and Acquisitions, Establishing the Philippine Competition Commission and Appropriating Funds Therefor [Philippine Competition Act], Republic Act No. 10667 * Philippine Competition Act * Established to look into anti-competitive agreements and abuses of dominant position as well as review mergers and acquisitions. These goals relate to wider over-riding political aims, such process of integration in communities and the promotion of national interests Policies and Rationale With the Philippine Competition Act (PCA) aims to: (1) Promote market efficiency in the allocation of goods and services; (2) Safeguard competitive conditions (3) Competition promote entrepreneurial spirit, encourage investments, facilitate … 0000002225 00000 n The Philippine Competition Act Republic Act No. 0000033858 00000 n To effectively carry out the provisions of Republic Act No. 0000003190 00000 n Implementing the Criminal Provisions of the Philippine Competition Act.” Section 2. With the recent passage of the Philippine Competition Act, a more level playing field for business can be expected from a more comprehensive, centralized, and consistent approach against anti-competitive behavior. %PDF-1.5 0000002612 00000 n The main role of the PCC is to promote economic efficiency within the Philippine economy, ensuring fair and … 7. 0000019222 00000 n Id. 3518 0 obj <>stream 2 PCA Rules on Criminal Provisions, Rule II, Section 1 and 2. 0000013186 00000 n 10667: Philippine Competition Act. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Following the promulgation of the Philippine Competition Act (PCA) on 21 July 2015, the Philippines joins the ranks of more than 120 market economies that have established a system of competition law. 0000025292 00000 n <<2DA0EEFE04F3DD4D8CBA1558321B37B4>]/Prev 1006296/XRefStm 2225>> 6. I. These Rules shall govern the implementation of the criminal provisions of Republic Act No. The Rules will take effect 15 days from June 3, 2016 or on June 18, 2016. 0000006155 00000 n 0000019923 00000 n 10667, the Congress created the Philippine Competition Commission (PCC), an independent quasi-judicial body (Section 5), which it vested with original and primary jurisdiction over the enforcement and implementation of the Philippine Competition Act. 10667 (2015). <> cܗ~�)0!n;�Q��{��A�~�Q�z �b�B ,wM�]O��jr7� � 10667, otherwise known as the Philippine Competition Act (PGA), empowers the Office for Competition under the Department of Justice (OFC) to conduct preliminary investigation and undertake prosecution of all criminal offenses arising therefrom and other competition-related Rule on Administrative Search and Inspection Under the Philippine Competition Act. 016 (Rules Implementing the Criminal Provisions of Republic Act No. 0 0000012895 00000 n The Philippine Competition Act was signed into law by President Benigno S. Aquino III on July 21, 2015 and established the quasi-judicial Philippine Competition Commission to enforce the act. When the Philippine Competition Act 1 (PCA/the Act) was signed into law in July 2015 and became effective in August of the same year, it marked a turning point in Philippine law that legislators, legal practitioners, and scholars alike had long envisioned: the integration of competition policy in the Philippines. 0000006414 00000 n 0000000016 00000 n 4. The Competition Act came into effect on 8 August 2015. REPUBLIC ACT NO. 2282 or the Fair Competition Act … 10667, or the Philippine Competition Act (Act), the Philippine Competition Commission, pursuant to the powers vested in it under said Act, hereby issues, adopts and promulgates the following rules and regulations. 0000005550 00000 n The Commission shall … Twitter. x��ko�F��~��pܤh�r=��IEl)R�C�ޯ�y쒔%ڍ� ��gv��7��oo��;�__��R!߉�o�J�ɯ�~��S]_�}��p��J� �N,=_N짞H��_�� t��ﮯ~q�5��-��R�U��k��|��2r��q~��z �y}�j�Dy2�bFi��3!��D�( =u�=,��V��slAI��m��y��t�X(CϏ��X(m�0^��-�Q��_>�B�r|��88�n;T��#�y%��@ It prohibits anti-competitive agreements, abuses of dominant positions, and mergers and acquisitions that limit, prevent, and restrict competition. and regulations (the “Rules”) of the Philippine Competition Act (“PCA”) last June 3, 2016. – To implement the national competition policy and attain the objectives and purposes of this Act, an independent quasi-judicial body is hereby created, which shall be known as the Philippine Competition Commission (PCC), hereinafter referred to as the Commission, and which shall be organized within sixty (60) days after the effectivity of this Act. industry or commerce or acts done outside the Philippines if the same can reasonably have a direct impact on trade * A national competition policy that seeks to promote free and fair competition in trade, industry and all commercial economic activities. 5. endobj trailer 0000005405 00000 n 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. 0000003305 00000 n 0000007040 00000 n 3480 39 The Competition Act is a priority measure of the Acquino administration. It also creates the Philippine Competition Commission (“P ”), which will have the original and ��{��8�&��u�B��uκ�7C�� `��"��P��r�o��׫��RQj�F�nC�� :�@��fV�Lك�@��p7O�v�=�vG�"�e��0��v��F��DP�5��vA�e�'�`A��kݶ�`C. 3. A.M. No. Understanding the Philippine Competition Act (R.A. 10667) n Presented by: Augusto B. Agosto Graduate Program, University of San Carlos 2. xref The Philippine Competition Law was ratified into law last July 21, 2015. On 21 July 2015, the president of the Philippines, Benigno Aquino III, signed into law the Philippine Competition Act (the Competition Act) advancing the Philippines’ readiness for ASEAN Economic Integration. The Commission may revise and supplement these rules and regulations and issue related guidelines, circulars and … 10667, or the Philippine Competition Act (Act), the Philippine Competition Commission, pursuant to the powers vested in it under said Act, hereby issues, adopts and promulgates the following rules and regulations. ABOUT US. The PCA defines, prohibits and penalizes three types of anti-competitive conduct: anti-competitive agreements, Understanding Philippine Competition Law 1. the philippine competition act republic act no. The act also creates the Philippine Competition Commission, which will implement and enforce the national competition policy. 2. Its basic purpose is to stop entities from crushing competition or monopolizing a specific market, because these situations eventually cause small businesses to close, drive an increase in prices, and leave consumers without … In the Philippines E-Commerce Roadmap, this law was deemed as a critical component in resolving Internet connectivity challenges on a long-term as it provides legal remedies for unfair competition that puts consumers in cost and service disadvantage. 19-08-06-SC. i��?��lJ��Q�(R5�$]�l��O�Ks(Zt&��GC� <> REPUBLIC ACT NO. Introduction. Email. ��~��m��b�)�ǚ��ߊ 0000003447 00000 n 2 0 obj — Any action arising from a violation of any … It became evident that trade liberalization could A guide to the Philippine Competition Act 3 A broad definition of "agreement" is adopted in the Competition Act, encompassing any type or form of contract, arrangement, understanding, collective recommendation, or concerted action, whether formal or informal, explicit or tacit, written or oral. 10667, otherwise known as the Philippine Competition Act (PCA), including the grant of leniency or immunity 0000019512 00000 n Facebook. 0000033416 00000 n 0000003046 00000 n 0000013830 00000 n View Philippine Competition Act Reviewer | Lim.pdf from REMEDIAL L REME101 at Ateneo de Manila University. 2. h�b```b``��d11 �P�� V�ЀEP��w�ށ�96L� UJ78��,:(�a�`�ch3P�`�`b=P�x��C�% εL\�(pZ0�2� �$p�3�dە��ȸ��@Ɔ#��C��F~�X�l��9��~�qC��#l֌w 7581 AN ACT PROVIDING PROTECTION TO CONSUMERS BY STABILIZING THE PRICES OF BASIC NECESSITIES AND PRIME COMMODITIES AND BY PRESCRIBING MEASURES AGAINST UNDUE PRICE INCREASES DURING EMERGENCY SITUATIONS AND LIKE OCCASIONS Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: SECTION 1. hr��H��a�# ��D�x�d�Lcjh|Oj��-w��0��p��7E�o��1"IɃ-_.��b��*�Ɨ�=��m�� Ed�� q�~_�#U�f 5| Id. This has been a priority of the Aquino administration. The act is intended to ensure efficient and fair market competition among businesses engaged in trade, industry, and all commercial economic activities. THE PHILIPPINE COMPETITION ACT WHEREAS, Section 13 of Republic Act No. �3�ě�&��gE�)2�ē��x��$|'��X�8�q��q�m�J0w�iYn�[�#��- .�5$��!)Ƈ�ID+0e|��$�U]S��xs��e��4��A. 0000032744 00000 n Objectives/Applicability. 0000004634 00000 n Philippine Competition Commission, Rules on Merger Procedure, ¶ 2.1 (Nov. 9, … A��&ϓ��L�X��)�O�_�=��ylKO�isr��]��(H� ��diMY��9(�~XX�)P�G�1��f_�:pg��Xt[k.6�0��-��8��t A Competition Commission with Significant Exclusive Powers Th e A ctestablish esth e P h ilippin e Com petition Com m ission (“PCC”)asan ‘in depen den tquasi-judicial body’attach ed toth e Office ofth e P residen t. Th e P CC m ustbe organ ized w ith in 6 0 daysafterth e A cth as com e in toeffect. The Philippine Competition Act establishes antitrust laws in the country to protect consumers from monopolies, inflated prices, and other predatory practices. [48] Under Republic Act No. Prohibitions The new law will prohibit entities from entering into anti-competitive agreements, abusing dominant economic positions and engaging in unduly anti-competitive mergers and acquisitions. 0000006864 00000 n stream The Philippine Competition Act is expected to be signed by President Benigno Acquino over the summer and is scheduled to enter into force in the following weeks. 4 0 obj endobj ��`��z&98��A��;��z,{T�� f%��4W��m̃�Ϻg�� 10667).The PCC aims to promote and maintain market competition within the Philippines by regulating anti-competition behavior. 0000013655 00000 n 1 0 obj distinguished from neighboring areas because the conditions of competition are different in 10667, or the Philippine Competition Act (Act), the Philippine Competition Commission, pursuant to the powers vested in it under said Act, hereby issues, adopts and promulgates the following rules and regulations. "7q`��&�xRF�I��׽�lĉ�*/. Id. filing of a complaint by the Philippine Competition Commission (PCC) or any authorized agency.6 1 Department Circular No. 0000004806 00000 n 0000025697 00000 n The Philippine Competition Commission (PCC) is an independent, quasi-judicial body formed to implement the Philippine Competition Act (Republic Act No. Philippine Competition Commission. PCA was enacted in 2015 and its IRR became effective on June 18, 2016 3. The Act will now be sent to President Benigno Aquino III for his signature, after which it will become law. 3 0 obj startxref into law of the Philippine Competition Act (Republic Act 10667 signed into law on July 21, 2015) is a breakthrough legislation, especially in view of the developments in technology, and in global business and trade that have created new business models and intensified international production Senator Bam Aquino, chairman of the Senate Committee on Trade, Commerce and Entrepreneurship, made this pronouncement during his sponsorship speech for Senate Bill No. The passage of the Fair Competition Act into law will eliminate monopolies, cartels and other unfair business practices that lead to high prices of goods and services. REPUBLIC ACT NO. 0000033001 00000 n Section 46. 0000013724 00000 n Id. 0000003418 00000 n for Philippine Competition and Regulatory Agencies (A Discussion Paper Published by the Philippine Institute for Development Studies) at 9, available at https://pidswebs.pids.gov.ph/CDN/PUBLICATIONS/pidsdps1431.pdf (last accessed Nov. 30, 2019). 0000004092 00000 n Prior to the passage of the Philippine Competition Act, regulation of monopolistic or anti-competitive acts was not centralized. 10667 Enacted on 21 July 2015 Took Effect on 8 August 2015 Rules and Regulations promulgated on 31 May 2016 and took effect on 18 June 2016 1. ŕ|iš-��k,Fd��.I��ԫ�Qɜ�2Nݪ��p�6u��Es�uhCs��],��?��b��P~�mW\%?�rTh�1>��>��J$^�-��>�Z�y�b�g2��y��,�Z,a�ye�a�s�ڲ�A�xI4e��NR(��$�&��je��噑�eh 5#�B^2��:mq@� ��xC�v�;�[W4(u��^��;��Y��O�s� �Z$�� E��]A�T0�R�w��;}�ɵ�i�u��KI��k��"�� >��aK"��2>�&T��iaK�B?�f��0��,Z�_�Ti]�*�!0�ו��l� �p��p}��ZkM:B��Z� �t� �\��:��\^PP��VI>��q�{��7��5=t�0�}\�'>qX��dJ ��{T!0��9Q�b��X��`0��`d]6��5�l �j;C� To effectively carry out the provisions of Republic Act No. Republic Act No. What Acts Are Prohibited? 1. What does it prohibit? %�� %%EOF 0000001102 00000 n %PDF-1.4 %�� <>>> �d8lN|�n``��i��* D�@r�N�LKL�� t��D��$��E�ID��0� F�2��Hi�Y��狠�yTj��쵛vM �*��= M�Q�mu巢c��Ԛ]ide��̖%��5,�3��s��4��\��q�� eϟN��,�R\ ��>��!GG��`7��F��E�S͐;��"��!N��@3C�'�QȞ�b��Pl,�'�f��2� 10667 congress of the philippines sixteenth congress second regular session an act providing for a national competition policy prohibiting anti-competitive agreements, abuse of dominant position and anti-competitive mergers and acquisitions, establishing the philippine competition Print. 0000002461 00000 n March 9, 2015. 0000005579 00000 n A spate of national competition laws emerged in the 1990s, as trade meshed with competition policy. endobj Statute of Limitations. 0000025001 00000 n Relevant Market (1) Anti-Competitive Agreements (2) Anti-Competitive Conduct (3) Anti-Competitive M&As and JVAs 2 10667, Otherwise Known as the Philippine Competition Act) dated July 2, 2020. Philippines A new era under the Philippine Competition Act Contributors: Emmanuel M Lombos Franco Aristotle G Larcina Arlene M Maneja SyCip Salazar Hernandez & Gatmaitan 58 Taiwan Sweeping changes to the law Contributors: Joyce C Fan Wei-Han Wu Lee & Li 70 Singapore Getting tougher and more sophisticated Contributors: Ameera Ashraf Chan Jia Hui Id. 0000020100 00000 n Philippine Competition A ct (the Act), which establishes a national competition policy, revamps merger control requirements, and increases fines by as much as 24,900 percent. Aldaba & Sy, supra note 1, at 9. 0000019992 00000 n OTHER PROVISIONS. 0000004777 00000 n … I and abuses of dominant position as well as review mergers and philippine competition act pdf limit., after which it will become law the Philippine Competition Act is a priority of the Acquino administration it anti-competitive! Well as review mergers and acquisitions commercial economic activities arising from a violation of Any … Philippine Act. 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