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Joemyl Baloro

Joemyl Baloro is an associate in Quisumbing Torres' Corporate & Commercial Practice Group. Prior to joining the Firm, he was an Attorney in the Merger Review Division of the Philippine Competition Commission for almost two years. He was also a Legal Counsel for Corporate & Compliance of a multinational beverage company.

Following the declaration by the Philippine government that the Greater Manila area or “NCR Plus” (comprising Metro Manila, Bulacan, Rizal, Cavite and Laguna) will be placed under enhanced community quarantine (ECQ) from 29 March 2021 until 4 April 2021 (unless further extended), the Philippine Economic Zone Authority (PEZA) on 27 March 2021 issued PEZA Memorandum Circular No. 2021-024 (“Circular”), allowing ecozone IT enterprises to implement courses of action to ensure continuity of operations and non-interruption of services during the ECQ period.

The Philippine Competition Commission (PCC) has identified the health and pharmaceuticals industries as one of its priority sectors of enforcement for year 2020. Coupled with the increased demand for improved access to healthcare and affordable medicine resulting from the COVID-19 pandemic, we expect the PCC to intensify its monitoring of participants in the Philippine pharmaceutical markets.

On 16 March 2020, the Philippine Competition Commission (PCC) issued PCC Commission Resolution No. 007-2020 (Resolution) which suspended certain merger processes and timelines from 16 March to 14 April 2020 (Community Quarantine Period). What the Resolution says Generally, the pre-acquisition ultimate parent entities of each of the buyer and target…

On 5 March 2020, the Philippine Economic Zone Authority (PEZA) issued PEZA Memorandum CircularNo. 2020-011 (Circular) which authorizes PEZA-registered Ecozone IT Enterprises to take courses of action and implement alternative work arrangements in response to the coronavirus (COVID-19) situation in the Philippines. Ecozone IT Enterprises may immediately implement their courses…

Recent Developments On 17 February 2020, the Philippine Competition Commission (PCC) published PCC Commission Resolution No. 02-2020 dated 11 February 2020 (CR No. 02-2020) on its website, which adjusts the mandatory notification thresholds under the Philippine Competition Act (PCA) and PCA Implementing Rules and Regulations (PCA-IRR), as follows: Size of…