June 12, 2015
Senate President Franklin Drilon expressed confidence on June 12, 2015 that the country’s preparedness for the ASEAN market integration has stepped up another notch with the Congress’ ratification of the Philippine Competition Act or the Anti-Trust Law.
Drilon said the approval of the Competition Act on June 10, 2015 “will greatly boost the nation’s preparations as Southeast Asian markets unite under the ASEAN Economic Community (AEC) by the year’s end.”
June 10, 2015
After a 24-year wait, a national competition policy prohibiting anti-competitive agreements or conducts and other unfair business practices will soon become a law with the House of Representatives’ ratification of the proposed Fair Competition Law on June 10, 2015.
The consolidated bill’s ratification comes after its approval by the Bicameral Conference Committee during a nine-four marathon session on June 8, 2015.
May 26, 2015
An Italian court has placed a nationwide ban on Uber’s low-cost UberPOP car-sharing service, alleging it creates “unfair competition” for the country’s traditional taxi drivers. The ruling also prohibits other car-ride services by unlicensed drivers.
On Tuesday, May 26, Judge Claudio Marangoni ruled that UberPOP – one of the services offered by the San-Francisco-based company – violated the administrative rules that regulate the taxi industry.