PCC Rules on Expedited Merger Review

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Recognizing the Philippine government’s policy to establish effective practices for the efficient turnaround of the delivery of government services in business related transactions, the Philippine Competition Commission (PCC) issued its Rules on Expedited Merger Review for certain types of transactions that, based on PCC’s experience in reviewing M&As, are less likely to substantially prevent, restrict, or lessen competition in their relevant markets. The Rules on Expedited Merger Review streamlines the review of M&As to 15 working days for qualified transactions.