Competition Commission hoping to improve cross-border enforcement

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PCC logo "title =" PCC logo "/> </div> </p></div> <p> THE Philippine Competition Commission (PCC) said it is cooperating with antitrust authorities in the Philippines. </p> <p> Attorney General of the United States (COCC), Commissioner Commissioner Amabelle C. Asuncion said the "extra-territorial enforcement of rulings" by </p> <p> She cited similar coordination among European Union authorities. </p> <p> "There is no doubt that they are reviewing the cases," she said, referring to the European Competition Network. "They're already coordinating so that they can make sure that They are enforceable, "Ms. Asuncion said. </p> <p>" Now in our context, we're starting to build similar networks. the ASEAN countries so that's in the works, "she added. </p> <p> Ms. Asbestos Testimonials in the field of anti-competitive rulings on cross-border or borderless transactions, citing the acquisition of the ride-sharing application Grab of Uber's operations in Southeast Asia. 19659003] The PCC Commissioner said the agency has jurisdiction over the merger because of the existence of assets and operations of Grab in the Philippines. </p> <p> "They do have assets here. Their operations are here in the Philippines, so we have jurisdiction over which we can still enforce the remedies in which they operate in the Philippines. We're not totally powerless in that sense, "Ms. Asuncion said. </p> <p>" But it's still a challenge to fight the Philippines. But as I said we are already coordinating with other competition agencies in the area, "she added. </p> <p> The PCC chairman, Arsenio M. Balisacan, speaking at the hearing, identified" cross-border competition concerns "as among the emerging </p> <p> "The PCC is bracing itself over the realities of a globalized world. This means that cross-border competition concerns and global mergers or cartels are seen to intensify globalization. Also, he said, "he said. </p> <p> He also stressed the importance of strengthening the PCC's ability to deal with competition in e-commerce and the digital economy. . He said the agency has been sharing his experiences with various countries, including the European Union, United States and Singapore to address these concerns. </p> <p> of controlling the markets. And that's where we need to strengthen our ability, "he said. </p> <p> The Congressional Hearing of Actors Act No. 10667 or the Philippine Competition Act, which was signed into law in 2015. </p> <p> ] Senator Aquilino L. Pimentel III, who chairs the Senate committee on trade, trade and entrepreneurship, told reporters after the hearing that there was no need to amend the law. </p> <p> "We asked the Philippine Competition Commission if they feel if there "he said," they are not ready to pass anything so that the CCP can still live with the present law. – <b> Camille A. Aguinaldo </b></p> <footer> </footer></div> </pre> [ad_2] <br /><a href=Source link

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