Commission Decision No. 19-M-016/2020: Proposed Joint Venture over Nepwell Property Management, Inc. of Rockwell Land Corporation, NepWell Property Management Inc., TGN Realty Corporation, Hilda Aurora N. Valdes, Patrick Adrian N. Valdes, and Theresa Gracia N. Valdes   ABSTRACT: The transaction involves the joint venture between Rockwell Land Corporation (Rockwell), T.G.N. Realty Corporation (TGN), NepWell Property… continue reading ››

Commission Decision No. 18-M-015/2020: Proposed Acquisition by GT Capital Auto Dealership Holdings, Inc. and Toyota Corolla Sapporo Philippines Holdings, Inc. of Shares in Toyota Santa Rosa, Laguna, Inc.   ABSTRACT: The proposed transaction involves the 100% stake purchase by GT Capital Auto Dealership Holdings, Inc. (GT Auto) and Toyota Corolla Sapporo Holdings, Inc. (Toyota Sapporo)… continue reading ››

PRESS RELEASE 2020-013 05 October 2020   PCC issues rules on merger reviews under Bayanihan 2 The Philippine Competition Commission (PCC) has issued rules to implement Section 4 (eee)1 of the Bayanihan to Recover As One Act (Bayanihan 2) relating to the review of mergers and acquisitions (M&As). Published and effective today, the rules detail the exemptions… continue reading ››

Commission Resolution No. 22-2020: Adopting Rules for the Implementation of Section 4(eee) of Republic Act No. 11494, Otherwise Known as the “Bayanihan To Recover As One Act”     *** Rules for the Implementation of Section 4 (eee) of Republic Act No. 11494, Otherwise Known as the “Bayanihan to Recover as One Act,” Relating to… continue reading ››

Commission Decision No. 17-M-014/2020: Proposed Acquisition by Bank of Ayudhya Public Company Limited of Shares in SB Finance Company, Inc.  ABSTRACT The transaction involves the proposed acquisition by Bank of Ayudhya Public Company Limited (Bank of Ayudha) of 7,075,000 common shares of the capital stock of SB Finance Company, Inc (SB Finance) which in turn represents 50% of the… continue reading ››

PRESS RELEASE  012-2020 15 September 2020     PCC welcomes SC ruling for leveling playing field between local, foreign contractors    The Philippine Competition Commission (PCC) welcomes the Supreme Court’s (SC) ruling declaring certain anti-competitive regulations1 implementing the Contractors’ License Law unconstitutional, paving a level playing field for local and foreign firms to undertake construction activities in the… continue reading ››

PRESS STATEMENT PCC M&A Review Moratorium in the Bayanihan 2 Act 14 September 2020    As part of its response to the COVID-19 pandemic, the Bayanihan To Recover As One(Bayanihan 2) Act exempts from compulsory notification those mergers and acquisitions with transaction value of less than P50 billion which are entered into within two (2) years from… continue reading ››

Commission Decision No. 15-M-010/2020: Proposed Acquisition by Universal Robina Corporation of Assets of Central Azucarera de la Carlota Inc., Roxol Bioenergy Corporation, and Shares in Najalin Agri-Ventures, Inc.   ABSTRACT:  The proposed transaction involves the acquisition by Universal Robina Corporation (URC) of: (1) the sugar milling, and bio-ethanol distillery assets of Central Azucarera de la Carlota,… continue reading ››

Commission Decision No. 16-M-013/2020: Proposed Acquisition by DMC-Urban Property Developers, Inc. of Assets of PLDT, Inc.   ABSTRACT: The transaction involves the acquisition of DMC-Urban Property Developers, Inc. from PLDT, of two parcels of land with aggregate area of approximately 2,400 sqm together with improvements consisting of two buildings (Smart Tower I and II), located along Ayala… continue reading ››