The Philippine Competition Commission (PCC) stated on Monday, October 5, that it has issued guidelines on mergers and acquisitions in compliance with the provisions under the Bayanihan to Recover as One law.
The published guidelines take effect on October 5, and detail rules on exemptions for compulsory notification and motu proprio review, computation threshold and option for voluntary notification under Section 4 of Bayanihan 2.
The said provision exempts transactions with values below P50 billion (US$1.03 billion) if entered within 2 years from the effectivity of the country’s second coronavirus response law. It also suspended the PCC’s exercise of motu proprio review of these transactions for 1 year, the PCC said in a statement.
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