The Philippine Competition Commission has issued today PCC Advisory No. 2019-001 adjusting the compulsory threshold notification for M&A transactions.
The Commission has raised the thresholds from PHP5 Billion to PHP5.6 Billion for the Size of Person (SoP) and from PHP2 Billion to PHP2.2 Billion for the Size of Transaction (SoT).
Under the law, PCC is authorized to review and recommend adjustments on threshold notifications based on the official estimates of Philippine Statistics Authority’s nominal gross domestic products of the previous year.
The adjustment will take effect on 1 March 2019 and will cover transactions with definitive agreements executed on or after 1 March 2019.
For more information, please click link for a copy of the advisory.