Philippines: Approved voluntary commitments for PCP clearance for Uber acquisition by Grab

On 18 November 2019, the Philippine Competition Commission (PCC) approved a set of commitments (Extended Undertaking) to be undertaken by Grab following its acquisition of Uber in the Philippines. The commitments include non-exclusivity, service quality, and price-related measures, including maintaining a minimum completion rate of 65% for drivers and adhering to a system-wide average fare cap to restrict price increases. Additionally, a disgorgement mechanism requires Grab to refund riders if it breaches the fare cap. The commitments will be effective for one year from 1 November 2019, with non-exclusivity commitments lasting four years, and the PCC will monitor compliance through an independent trustee, imposing fines for any breaches.