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Philippine antitrust regulator to get hybrid merger review regime, stronger powers under contentious bill

By Jet Damazo-Santos ( July 22, 2021, 07:54 GMT | Insight) -- The Philippines’ competition regulator would get a hybrid compulsory-voluntary notification regime, where only deals exceeding a 50-billion-peso threshold (around $1 billion) would be subject to mandatory notification, and stronger powers to fight entrenched cartels under a contentious bill approved by a legislative committee. The bill, which is still in the early stages of the country’s lawmaking process, was approved despite the regulator’s objections to the changes in the merger review system.The Philippines’ competition regulator will get a hybrid compulsory-voluntary notification regime and stronger powers to fight entrenched cartels under a contentious bill approved by a legislative committee yesterday, despite objections from the regulator’s commissioners....

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