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The Philippine Competition Act, officially designated as Republic Act No. 10667, is a Philippine law that was signed into law by President Benigno Aquino III on July 21, 2015, and established the quasi-judicial Philippine Competition Commission to enforce the act.
The Philippine Competition Act (PCA) or R.A. 10667 is the primary competition law of the Philippines for promoting fair competition in the marketplace and protecting well-being of consumers in the process. The PCA was passed in 2015 after languishing in Congress for 24 years.
The Competition Act prohibits business practices that restrict market competition through anti-competitive agreements and abuse of a dominant position, and introduces a compulsory notification regime for certain mergers and acquisitions.
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On 21 July 2015, the president of the Philippines, Benigno Aquino III, signed into law the Philippine Competition Act (the Competition Act) advancing the Philippines’ readiness for ASEAN Economic Integration. The Competition Act came into effect on 8 August 2015.
pass a competition bill in the Congress, the enactment of the Philippine Competition Act (Republic Act No. 10667) under the Aquino III administration in 2015 became a breakthrough legislation intended to promote free and fair competition in economic activities. Its objective is more or less standard and universal,
The Philippine Competition Act (PCA) or R.A. 10667 is the primary competition policy of the Philippines for promoting and maintaining market competition by regulating anti-competitive agreements, abuse of dominant position, and anti-competitive mergers and acquisitions.
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Following the promulgation of the Philippine Competition Act (PCA) on 21 July 2015, the Philippines joins the ranks of more than 120 market economies that have established a system of competition law. A spate of national competition laws emerged in the 1990s, as trade meshed with competition policy. It became evident that trade liberalization could
