Philippine Competition Act

Question 1

3 Prohibited Acts under the Philippine Competition Act

Answer 1

1. Anti-Competitive Agreements
2. Abuse of Dominant Position
3. Prohibited Mergers

Question 2

A security clause contained in __________ is not covered by the Philippine Competition Act

Answer 2

Collective Bargaining Agreement

Question 3

It refers to a position of economic strength that an entity/ies hold which makes it capable of controlling the relevant market

Answer 3

Abuse of Dominant Position

Question 4

Compulsory notifications of mergers will be applicable if the value of the transaction is:

Answer 4

More than one billion pesos (P1,000,000,000)

Question 5

Parties to the merger/acquisition agreement wherein the value exceeds 1 billion pesos are prohibited from consummating their agreement until _____ days

Answer 5

30

Question 6

Effect of no notice subject the parties to an administrative fine of _________

Answer 6

1% to 5% of the value of transaction

Question 7

If the merger will have a transaction value of P10B, failure to notify the Philippine Competition Commission can subject to a fine of?

Answer 7

P100M to P500M