Practice question
What consequence does RA 10667, section 17 expressly attach to consummation in violation of the compulsory-notification requirement?
- Automatic exemption from all competition laws.
- Only a congratulatory notice.
- Voidness of the agreement and an administrative fine of one to five percent of transaction value.
- Automatic appointment of the parties as PCC commissioners.
- Guaranteed judicial approval.
Legal references
- PCC Memorandum Circular No. 26-001, effective 1 March 2026, https://www.phcc.gov.ph/file-manager/file-manager/MAO/Memorandum%20Circular_Merger%20Notification%20Thresholds.pdf
- Philippine Competition Act, RA 10667, sections 16–19, https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/63120
Answer this question in flashcards to review your response and continue practicing.