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Violation of this act shall be subject to the

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violation of this Act shall be subject to the administrative, civil and criminal penalties prescribed herein only if it is not cured or is continuing upon the expiration of two (2) years after the effectivity of this Act. This section does not apply to administrative, civil and criminal proceedings against anti- competitive agreement or conduct, abuse of dominant position, and anti-competitive mergers and acquisitions, initiated “ prior to the entry into force of this Act”. During the said two (2)-year period, the government shall undertake an advocacy program to inform the general public of the provisions of the Act. LAWS REPEALED . Sec. 55 of R.A. 10667 repealed, amended or otherwise accordingly modified the following laws, decrees, executive orders and regulations, or part or parts thereof inconsistent with any provision of the Act: “x x x. (a) Article 186 of Act No. 3815, otherwise known as the Revised Penal Code : Provided, That violations of Article 186 of the Revised Penal Code committed before the effectivity of this Act may continue to be prosecuted unless the same have been barred by prescription, and subject to the procedure under Section 31 of this Act; (b) Section 4 of Commonwealth Act No. 138 ; (c) Section 43(u) on Functions of the ERC of Republic Act No. 9136 , entitled “An Act Ordaining Reforms in the Electric Power Industry, Amending for the Purpose Certain Laws and for Other Purposes”, otherwise known as the “Electric Power Industry Reform Act of 2001”, insofar as the provision thereof is inconsistent with this Act;
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(d) Section 24 on Illegal Acts of Price Manipulation and Section 25 on Penalty for Illegal Acts of Price Manipulation of Republic Act No. 9502 , entitled “An Act Providing for Cheaper and Quality Medicines, Amending for the Purpose Republic Act No. 8293 or the Intellectual Property Code, Republic Act No. 6675 or the Generics Act of 1988, and Republic Act No. 5921 or the Pharmacy Law, and for Other Purposes”, otherwise known as the “Universally Accessible Cheaper and Quality Medicines Act of 2008” insofar as the provisions thereof are inconsistent with this Act; and (e) Executive Order No. 45, Series of 2011 , Designating the Department of Justice as the Competition Authority, Department of Justice Circular 005 Series of 2015, and other related issuances , insofar as they are inconsistent with the provisions of this Act. X x x.”
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  • Fall '19
  • Competition law

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