How Competition Act regulates antitrust
1. Prohibited agreement “per se”
“Restricting competition as to price, or components thereof, or other terms of trade”
“Fixing price at an auction or in any form of bidding”
2. Prohibited agreement if intent is anticompetitive
Controlling production, investment or other aspects of markets
Dividing markets among competitors by geography, product
or along other lines
Other agreements “which have the object or effect of substantially preventing, restricting or lessening competition”
3. Prohibited abuse of dominant position
Below cost pricing intended to drive out competition
Anticompetitive barriers to entry
Tying or bundling products that are commercially unconnected
Unreasonable price discrimination
Anticompetitive restrictions on trade of goods or services
Making supply of goods dependent on the purchase of other goods which are commercially unconnected
Imposing low purchase prices for marginalized producers
such as farmers and fisherfolk
Imposing unfair prices on competitors
Anticompetitively limiting production, markets or technical development
4. Review of mergers and acquisitions
Competition Commission may review all mergers and acquisitions
Consummation of any merger above P1 billion prohibited until 30 days after the parties notify commission of transaction and its details
