THE head of the country’s anti-trust authority, the Philippine Competition Commission (PCC), said on Tuesday that transparency and accountability are crucial to ensuring that merger reviews will be smooth given that the country’s competition law is still in its infancy. The PCC shared its initiatives and efforts with the United Nations (UN) competition body in addressing the challenges in implementing merger control in the country. “The challenges relate to the infancy of the Philippines’ competition law in the country, referring to the Philippine Competition Act (PCA),” Balisacan said. He said that competition law, unlike tax and labor laws, has yet to be prioritized as a subject in Philippine law school curriculums. He assured them that the competition authority strictly complies with rules on confidentiality, data protection and security.

Source: Manila Times July 12, 2017 17:37 UTC