Philippine Competition Act

Cards (20)

  • What is the title of the Philippine Competition Act?
    Republic Act No. 10667
  • What is the main purpose of the Philippine Competition Act?

    To provide a national competition policy and measures against anti-competitive practices
  • What are the key prohibitions for the Commissioners under the Philippine Competition Act?

    • Cannot hold other offices or employment during their term
    • Cannot participate in contracts with the government
    • Cannot be consultants to corporations
    • Cannot participate in elections of corporate officers
    • Family members cannot appear before the agency
  • How long must the Commissioners abstain from engaging in cases after leaving office?

    Two years
  • What is the compensation status for members and personnel of the Commission?

    They are exempted from certain compensation and entitlement regulations
  • What constitutes anti-competitive agreements under Section 14?

    • Price fixing
    • Limiting production or supply
    • Collusive bidding
    • Market allocation
    • Sharing markets by various means
  • What is prohibited under Section 15 regarding dominant positions?

    Abuse of dominant position that restricts competition
  • What is one example of conduct that could be considered abuse of dominant position?

    Selling goods below cost to drive competitors out
  • How does the Commission evaluate the intent behind selling goods below cost?

    It considers whether the lower price was due to efficient management
  • What are the types of discriminatory pricing practices mentioned in Section 15?

    • Geocoded pricing
    • Price differentials reflecting manufacturing costs
    • Price differentials due to market changes
    • Price fixes imposed by competition
  • What happens if the Commission finds evidence of violations of the Act?

    They may file a criminal complaint with the DOJ
  • What is the Commission's jurisdiction regarding sector regulations?

    The Commission has original and primary jurisdiction over competition issues
  • What is the consequence for violations involving prime commodities?

    The fine imposed shall be doubled
  • What is the role of the Commission in relation to sector regulations?

    The Commission works with sectors to promote competition and resolve issues
  • What is the significance of Section 42 regarding immunity from suit?

    It provides immunity for the Chairperson and Commissioners in their official capacity
  • What is the role of the Chairperson and Executive Director of the Commission regarding legal representation?

    They may appear as counsel for the Republic of the Philippines in relevant matters
  • What is the process for preliminary investigations by the Commission?

    The Commission conducts investigations in compliance with established rules
  • How does the Commission's findings impact market competition?

    They can lead to penalties that affect consumer welfare and competition
  • What does Section 27 define regarding market dominant position?

    It outlines the criteria for determining market dominance
  • What are the penalties outlined in Section 28 for violations of the Act?

    Penalties may include fines and other administrative actions