( January 25, 2019, 07:59 GMT | Official Statement) -- MLex Summary: Grab Philippines said it would file a motion for reconsideration against the 6.5 million peso ($123,000) fine imposed on it by the Philippine Competition Commission for submitting incomplete pricing data, in violation of the conditions of the clearance of its merger with rival Uber. In a statement, Grab Philippines President Brian Cu did not dispute the violation, claiming the company was working with a huge volume of data under very limited timelines, but said it would like to understand why the PCC imposed the maximum penalty on three of its four alleged lapses.The company's statement follows:...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.