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The antitrust law in Parañaque City, just like in all parts of the Philippines, is primarily governed by the Philippine Competition Act (PCA). Enacted in 2015, PCA seeks to protect consumer welfare and ensure economic efficiency by promoting and preserving competitive market conditions. It prohibits anti-competitive agreements, abuse of dominant position, and anti-competitive mergers and acquisitions.
Antitrust law involves complex legal principles and processes. If you own a business, you might need a lawyer when establishing business practices to ensure compliance with the PCA. Also, in cases where you feel your business is at a disadvantage due to anti-competitive activities, or if your business is accused of such practices, it would be wise to seek legal help. An experienced antitrust lawyer can provide guidance, build a strong case and ensure your legal rights are protected.
While the PCA is the primary legislation covering antitrust law in the Philippines, the City of Parañaque follows national policy. The law is enforced locally by the Philippine Competition Commission (PCC). The PCC handles investigations regarding anti-competitive conduct, regulates mergers and acquisitions, and imposes penalties for law infringements. Local businesses in Parañaque must comply with PCC guidelines while engaging in economic activities.
Anti-competitive behavior includes but is not limited to price-fixing, bid rigging, creating cartels, abuse of dominant position, and performing anti-competitive mergers or acquisitions.
Penalties for violating antitrust laws under the PCA can range from large fines to imprisonment, depending on the seriousness of the violation.
Before any major merger or acquisition, businesses must notify the PCC and obtain its clearance to ensure that their transaction will not prevent, restrict or lessen competition.
Yes, anyone who has information related to antitrust violations can file a complaint with the PCC.
There are many law firms in and around Parañaque City that specialize in antitrust laws. It's advised to seek help from lawyers who have this expertise.
The Philippine Competition Commission's (PCC) website is an excellent resource for understanding antitrust laws in the Philippines. The Department of Trade and Industry also provides relevant information. LawPhil, an online database, provides access to the PCA and other Philippine laws.
If you require legal assistance, first identify if your concern relates to antitrust law. Contact a local law firm specializing in this field or consult the PCC if you think a business practice infringes upon competition laws. Furthermore, reading up on basic antitrust principles from reliable sites can also provide an initial understanding of your situation.
