Thresholds for merger and acquisition notifications in the Philippines

The Philippine Competition Commission (“PCC”) increased the thresholds for transactions required to undergo merger review in accordance with the notification requirements under Republic Act No. 10667, or the Philippine Competition Act (“PCA”). Starting 1 March 2024, parties to a merger or acquisition are required to notify the PCC when the merger or acquisition exceeds the following thresholds: 1. Size of the Party increased to PHP7.8 Billion from PHP7 Billion Size of the Party (“SoP”) refers to the aggregate annual gross revenues in, into, or from the Philippines, or the value of the assets in the Philippines, of the ultimate parent entity of at least one of the acquiring or acquired entities, including that of all entities that the ultimate parent ...To read the full article, please see the PDF file

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Authors

Maria Tara MERCADO

Associate Office Partner
Manila*1

+63-917-128-9536

Tara has extensive experience advising domestic and foreign companies on a variety of matters, including structuring of foreign investments, corporate structuring, corporate governance, compliance and regulatory issues, employee relations, and taxation. Tara’s practice focuses on corporate transactions in various sectors, including telecommunications, mining, oil and gas, real estate, and gaming and entertainment. She has served as the lead client contact and has executed ground-breaking transactions in mergers and acquisitions, initial public offerings, equity and debt issuances, project financing, and public bidding.

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Michelle Marie F. VILLARICA

Partner
Singapore

+65-6922-5496

Michelle’s practice covers advising on various M&A and joint venture transactions across a large range of industries including IT, manufacturing, finance, real estate, retail trade, and energy. She also regularly advises clients on other corporate and commercial matters such as licensing, doing business, labour, data privacy and protection, and regulatory compliance. Prior to joining N&A, Michelle was a lawyer with one of the top law firms in the Philippines. Through her experience, she gives clients invaluable insights into Philippine culture and enhances their understanding of the legal and commercial practices in the country, making clients better equipped to do business in the Philippines.

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