NEW GUIDELINES ON NOTIFICATION OF JOINT VENTURES (Philippines)

Author: Patricia O. Ko

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Publisher: Nagashima Ohno & Tsunematsu

Journal / Book: NO&T Asia Legal Review No.7 (January, 2019)

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*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.

Background
The Philippine Competition Commission (“PCC”) has issued Guidelines on Notification of Joint Ventures (“Guidelines”) last September 2018 to assist parties in assessing whether a proposed transaction should be notified as a joint venture under the Implementing Rules and Regulations (“Rules”) of the Philippine Competition Act.

The Guidelines, which applies to all joint ventures between public or private entities, aim to supplement the PCC’s 2017 Merger Review Guidelines and 2018 Guidelines on Merger Notification Threshold.

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