BAYANIHAN 2 LAW: BUSINESS ASPECTS

On 11 September 2020, President Rodrigo Roa Duterte signed into law the Recover as One Act (RA No. 11494), also known as "Bayanihan 2 Law". The Bayanihan 2 law aims to mitigate the adverse socioeconomic impact of the COVID-19 pandemic and accelerate the recovery of the health and economy of the country. Impacts of Bayanihan 2 Law: From the Business Point of view 1.Under the Bayanihan 2 law, mergers and acquisitions with transaction value below Fifty Billion pesos (P50,000,000,000.00) are now exempt from the notification requirement to the Philippine Competition Commission (PCC),…

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