Philippines: Approved acquisition of Uber B. V. and Uber Systems, Inc. by Grab Holdings, Inc. and MyTaxi. PH

On 10 August 2018, the Philippine Competition Commission (PCC) approved Grab’s acquisition of Uber in the Philippines with strict conditions to protect competition and consumer welfare. Grab is prohibited from enforcing exclusivity, meaning drivers are free to operate with other transport network companies (TNCs). Additionally, Grab must maintain or improve pre-merger service standards, including driver performance, response times to rider complaints, and fare transparency. To prevent price gouging, the PCC will monitor Grab’s pricing, with penalties imposed for significant price increases. An independent third-party monitor will oversee compliance, and any breaches could result in fines, additional remedies, or even nullification of the transaction. These commitments will be in place for one year.