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FOURTEENTH CONGRESS OF THE REPUBLIC ) 
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OF THE PHILIPPINES 
Second Regular Session 
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Introduced by Senator Miriam Defensor Santiago 
EXPLANATORY NOTE 
The Constitution, Article XII, Section 19 provides: 
The State shall regulate or prohibit monopolies when the public 
interest so requires. No combinations in restraint of trade or unfair 
competition shall be allowed. 
Developed countries use anti-trust regulation to maintain competition that ensures 
an efficient working market economy and a modem democracy. A competition regulator 
is a government agency, usually a statutory authority, sometimes called an economic 
regulator, which oversees and enforces competition laws, and may sometimes also 
enforce consumer protection laws. Many nations implement competition laws, and there 
is general agreement on acceptable standards of behaviour. The degree to which countries 
enforce their competition policy does vary substantially, with the United States generally 
regarded as having the most strict competition laws and enforcement. 
Competition regulators may also regulate certain aspects of mergers and 
acquisitions and business alliances and regulate or prohibit cartels and monopolies. 
Competition, though its distributive, allocative and incentive functions, can stop undue 
concentration of economic power and the consequent concentration of political power in 
the economic elite who use their economic and political powers to have their 
inefficiencies subsidized by the majority of the population. The current laws for fostering 
competition in the Philippines are inadequate to stop the detriments of anti-competitive 
structures and behavior in the market. Despite the large number of laws and their varied 
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nature, competition has not been fully established in all sectors of the economy, nor has 
existing competition in other sectors of the market been enhanced. These laws have been 
hardly used or implemented as may been seen in the lack of cases litigated in court. 
Given the large number of enforcement agencies, responsibility is too diffused 
and accountability for implementation of the laws is hard to pinpoint. There is also a lack 
of expertise in the appreciation and implementation of competition laws that rely heavily 
on economic thought, techniques of analysis, and value preferences as tools of 
enforcement. Identifying a single specialized agency under a specific competition law, 
with the necessary expertise and authority to oversee the enforcement of competition 
laws is a crucial first step. 
Competition law must focus on the actual and/or potential business conduct of 
firms in a given market, and not on the absolute or relative size of firms. It should look at 
the business conduct of firms and on the business environment in which the firms 
operate. The law must be effectively harmonized and linked with other government 
policies. Promoting competition in the business environment restrains the anti- 
competitive behavior of firms and also fosters sound business practices and ethics. 
Philippine competition law must be a law of general application, addressing all sectors of 
the economy. Exemptions from its application may be allowed if they do not limit 
competition, are based on sound economic principles, and are aimed at facilitating 
legitimate economic activity. Competition law should contain provisions explicitly 
prohibiting business practices that are clearly against economic efficiency and consumer 
welfare. 
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FOURTEENTH CONGRESS OF THE REPUBLIC) 
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OF THE PHILIPPINES 
1 
Second Regular Session 
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FEZ! 24 P3:12 
SENATE 
Introduced by Senator Miriam Defensor Santiago 
AN ACT 
REGULATORY COMMISSION 
PROHIBITWG ANTI-COMPETITIVE PRACTICES AND CREATING THE COMPETITION 
Be it enacted by the Senate and the House of Representatives of the Philippines in 
Congress assembled: 
ARTICLE 1 - SCOPE AND DEFINITIONS 
SECTION 1. Short Title. - This Act shall be known as the "Anti-Trust Act of the 
Philippines." 
SECTION 2. Declaration ofpolicy. - It is the policy of the State to maintain and enhance 
free and full competition in trade, industry and all commercial economic activity and to penalize 
all forms of unfair trade, anti-competitive conduct and combinations in restraint of trade in order 
to improve consumer welfare. 
SECTION 3. Scope and limitiations. - This Act shall be enforceable in the whole 
territory of the Republic of the Philippines and applies to all areas of trade, industry and 
commercial economic activity. This Act does not derogate from the direct enjoyment of the 
privileges and protections conferred by Republic Act No. 8293 (19971, otherwise known as the 
Intellectual Property Code, and other laws protecting intellectual property, including inventions, 
industrial models, trademarks and copyrights. It does, however, apply to the use of such property 
in such a manner as to cause the anti-competitive effects prohibited herein. This Law shall apply 
neither to the combinations or activities of workers or employees, nor to agreements or 
arrangements between two or more employers, when such combinations, activities, agreements 
or arrangements are designed solely to facilitate collective bargaining in respect of conditions of 
employment. 
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SECTION 4. Definition of terms. -As used in this Act, the tern- 
(A) "Competition" - refers to the process by which economic agents, acting 
independently in a market, limit each other's ability to cbntrol the conditions prevailing in that 
market; 
(B) "Commission" - refers to the Competition Regulation Commission created in this 
Act; 
(C) "Firm" - means any natural or legal person, governmental body, partnership or 
association in any form, engaged directly or indirectly in economic activity. Two firms, one of 
which is controlled by the other, shall be treated as one firm. Two or more firms that are 
controlled by a single firm shall be treated as one firm. The Commission shall, fkom time to time, 
adopt a regular setting of what constitutes control; 
(D) "Goods" -refer to all property, tangible and intangible, and services; 
(E) "Market" - means a collection of goods that are capable of being substituted for each 
other and that buyers are or would be willing to substitute, and a specific territory, which may 
extend beyond the borders of the Republic of the Philippines, in which are located sellers among 
whom buyers are or would be willing to substitute from whom they would buy. 
ARTICLE 2 - ABUSE OF DOMINANT POSITION 
SECTION 1. Dominant Position - 
A firm shall be deemed to have a dominant position 
if, acting on its own, it can profitably and materially restrain or reduce competition in a market 
for a significant period of time. 
SECTION 2. Safe Harbor - A firm shall not be deemed to have a dominant position 
unless its share of the relevant market exceeds the percentage set by the Commission in its 
guidelines. A firm having a market share exceeding a percentage set by the Commission, may or 
may not be found to be dominant, depending on the economic situation in that market. 
SECTION 3. Balancing Efficiencies - An agreement prohibited under Section 2 of this 
Article may nevertheless be permissible and allowed by the Commission if said agreement has 
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brought about, or is likely to bring about, gains in real, as opposed to merely pecuniary, 
efficiencies that - 
(A) are greater than or more than offset the effects of any limitation on competition that 
result or are likely to result from the agreement; or 
(B) consumer well being is expected to be enhanced as a result of the agreement 
SECTION 4. Burden ofprooj - The burden of proof to show that the agreement is not 
prohibited lies with the parties seeking the exemption pursuant to Section 3. Such parties are 
required to, among others; demonstrate that if the agreement were not implemented, it is not 
likely that the relevant real efficiency gains would be realized by means that would limit 
competition to a lesser degree than the agreement. 
ARTICLE 3 - MERGERS AND ACQUISITIONS 
SECTION 1. Review of Concentrations. - A concentration shall be deemed to arise 
when: 
(A) two or more previously independent firms merge, amalgamate or combine the whole 
or a part of their business; or 
(B) one or more natural or legal persons already controlling at least one firm, acquire, 
whether by purchase of securities or assets, by contract or by other means, direct or indirect 
control of the whole or parts of one or more oilier firms. 
SECTION 2. Control. -For the purpose of this Article, control is defined as the ability to 
materially influence a firm, in particular through: 
(A) ownership or the right to use all or part of the assets of an undertaking: or 
(B) rights or contracts which confer decisive influence on the composition, voting or 
decisions of the organs of a firm. 
SECTION 3. Compulsory notification. - Parties to an agreement that will produce a 
concentration larger than the minimum size as may be provided in regulations issued pursuant to 
Section 7 of this Article, are prohibited from consummating such concentration until thirty (30) 
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therefor. 
days after providing notification to the Commission, in the form and containing the information 
specified in regulations issued pursuant to section 7, An agreement consummated in violation of 
this requirement shall be considered void and subject the parties to the corresponding penalties 
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SECTION 4. Further information. - The Commission may, in writing, request the 
parties to the agreement, for further information, before the expiration of the thirty (30) day 
period referred to in section 3 of this Article. The issuance of such a request has the effect of 
extending the period within which the concentration may not be consummated for an additional 
thirty (30) days, beginning on the day after substantially all of the requested information is 
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notification. 
SECTION 5. Voluntary notification. -Parties to an agreement who are not subject to the 
notification requirement in Section 3 of this Article may voluntarily notify and, if they do so, be 
subjected to the same procedures, restrictions and rights as are applied to cases of compulsory 
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SECTION 6. Efect of notzjication. - If, before consummation of a concentration, the 
Commission determines that such concentration is prohibited under Section 8, and does not 
qualify for exemption under Section 9, of this Article, the Commission may: 
(A)prohibit consummation of the concentration; 
(B) prohibit consummation of the concentration unless and until it is modified by changes 
specified by the Commission; or 
(C) prohibit consummation of the concentration unless and until the pertinent party or 
parties enter into legally enforceable agreements specified by the Commission. 
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SECTION 7. Regulations of the Commission. - The Commission shall from time to time 
adopt and publish regulations, stipulating: 
(A) the minimum size or size of concentrations subject to the notification requirement of 
Section 3 of this Article; 
(B) the information that must be supplied for notified concentrations; 
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(C) exceptions or exemptions from the notification requirements of Section 3 for 
specified types of concentrations; and 
(D) other rules relating to the notification procedures in Sections 3, 4 and 5 of this 
Article, 
SECTION 8. Prohibited concentrations. - Concentrations that will significantly limit 
competition as may be determined by the Commission are prohibited. 
SECTION 9. Permissible concentrations. - Concentrations prohibited under Section 8 of 
this Article shall, nonetheless, be free from prohibition by the Commission where the parties 
establish that either: 
(A) the concentration has brought about or is likely to bring about gains in real, as 
opposed to merely pecuniary, eficiencies that are greater than or more than offset the effects of 
any limitation on competition that result or are likely to result from the concentration; or 
(B) a party to the concentration is faced with actual or imminent financial failure, and the 
concentration represents the least anti-competitive arrangement among the known alternative 
uses for the failing firm's assets. 
SECTION 10. Burden ojprooJ - The burden of proof under Section 9 lies with the 
parties seeking the exemption. 
A party seeking to rely on the exemption specified in Section 9 (a) must demonstrate that 
if the concentration were not consummated it is not likely that the relevant real efficiency gains 
would be realized by means that would limit competition to a lesser degree than the 
concentration. 
A party seeking to rely on the exceptions specified in Section 9 (b) must: 
(A) demonstrate that reasonable steps have been taken within the recent past to identify 
alternative purchasers for the failing firm's assets; and 
(B) fully describe the results of that search. 
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SECTION 1 1. Determination by Commission. The Commission may determine, within 
three (3) years after consummation, that either: 
(A) a non-notified concentration; or 
(B) a notified concentration in which the provisions of Sections 3 to 5 of this Article are 
not fully complied with or has led or will probably lead to a significant limitation of competition 
and does not qualify for exemption set out in Section 9 of this Article. If it so determines, the 
Commission may: 
(a) undo the concentration by dissolving it into its constitutes elements; 
(b) require other modifications of the concentration, including sale of a portion of its 
operations or assets; or 
(c) require the surviving firm or firms to enter into legally enforceable agreements 
specified by the Commission and designed to reduce or eliminate the competition limiting effects 
of the concentration. 
ARTICLE 4 -UNFAIR COMPETITION 
SECTION 1. Unfair competition. - Unfair competition is prohibited, including: 
(a) the distribution of false or misleading information which is capable of harming the 
business interests of another firm; 
(b) the distribution of false or misleading information to consumers, including the 
distribution of information lacking a reasonable basis, related to the price, character, method or 
place of production, properties, suitability for use or quality of goods; 
(c) false or misleading comparison of goods in the process of advertising; 
(d) fraudulent use of another's trademark, firm name, or product labeling or packaging; 
(e) unauthorized receipt, use, or dissemination of confidential scientific, technical, 
production, business or trade information; or 
(4 collusion in business practices that are clearly against economic efficiency and 
consumer welfare, such as price fixing, bid rigging, restriction of output and market shares and 
allocation of geographic markets and customers. 
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ARTICLE 5 -THE COMMISSION 
SECTION 1. The Competition Regulatory Commission. - There is hereby created an 
independent collegial body to be known as the Competition Regulatory Commission, The 
Commission shall be composed of a Chairman and four (4) Associate Commissioners, all of 
whom shall be appointed by the President for a term of seven (7) years without reappointment. 
The Chairman and two (2) of the Associate Commissioners first appointed shall serve for a 
period of seven (7) years, while the other two (2) Associate Commissioners shall serve for five 
(5) years as shall be indicated in their respective appointments. 
Appointment to any vacancy shall only be for the unexpired term of the predecessor. In 
no case shall a member of the Commission be designated or appointed in a temporary' or acting 
capacity. The Chairman of the Commission can only be removed for patent disability to 
discharge hidher functions. 
SECTION 2. Qualifications. - The Chairman and the Associate Commissioners shall be 
citizens of the Philippines, at least forty (40) years of age, of recognized probity, integrity, and 
competence in the field of law, economics, finance banking, commerce, industry and/or 
consumer welfare, and must not have been a candidate for an elective national or local office in 
the immediately preceding election, whether regular or special. 
SECTION 3. Rank and salary. - The members of the Commission shall have the same 
rank, privileges, and salaries as the Chairman and members of a Constitutional Commission. 
Their salaries shall be set, and from time to time be adjusted by the President. In no case shall 
their salaries be decreased during their term of office. 
SECTION 4. Prohibitions and disqualzpcntions. - The members of the Commission shall 
not, during their tenure, hold any other office or employment. They shall not during their tenure, 
directly or indirectly, practice any profession, participate in any business or financially interested 
in any contract or any franchise, or special privilege granted by the government of any 
subdivision, agency or instrumentality thereof, including government-owned and controlled 
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corporations or their subsidiaries: Provided, however, that they may, with the prior permission of 
the President teach part time in any institution of learning. They shall, at all times, strictly avoid 
conflict of interest situations in the conduct of their office. They shall not be qualified to run for 
any office in any public election, regular or special, immediately preceding their cessation from 
office. They shall not be allowed to appear or practice before the Commission for a period of one 
(1) year following their cessation from office. 
SECTION 5. Meetings, notice and quorum. - The Commission shall meet as often as 
may be necessary on such days as the Chairman, or in hisher absence, as a majority of the 
Commissioners may fix. The notice of meeting shall be given to all members at least one (1) day 
before the scheduled date of the meeting. 
The presence of at least three (3) Commissioners shall constitute a quorum. In the 
absence of the Chairman, one of the Associate Commissioners chosen by those present shall act 
as the presiding officer of the meeting. 
SECTION 6. Secretariat. - The Commission shall have a Secretariat with a staff 
complement as may be deteimined by the Chairman in consultation with the Department of 
Budget and Management. 
The Secretariat shall be headed by an Executive Director who shall be appointed by the 
President, Hehhe shall act as the secretary of the Commission and shall be responsible for the 
effective implementation of the policies, rules and standards set by the Commission and oversee 
and coordinate the day-to-day activities of the different operating units of the Commission. 
ARTICLE 6 -POWERS AND FUNCTIONS OF THE COMMISSION 
SECTION 1. Powers and functions. - To carry out the objectives of this Act, the 
Commission shall have and exercise the following powers and functions: 
(A) To enforce and effectively administer the provisions of this Act and other fair trade 
laws, subject to the powers vested in the courts and other administrative agencies under this Act; 
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(B) undertake and prepare industry studies to determine industry structures, and the state 
of competition and competitiveness of Philippine industries, and collate, compile, distribute and 
disseminate resource materials on competition policy, with the end in view of creating a national 
database on competition; 
(C) conduct workshops and seminars, information campaigns for the public, and train or 
develop a pool of experts on competition; 
(D) extend technical assistance to the Philippine delegations to international bodies and 
meetings in regard to trade and competition law and policy; 
(E) draft and recommend proposed administrative and legislative measures for respective 
consideration and adoptiodenactment by the Executive or Legislative Branch of government; 
(F) make submissions to the government authorities engaged in designing or 
administering legislation or regulations which could affect competition in any market in the 
Philippines, intervene in hearings and proceedings held with regard to the adoption or 
administration of such laws or regulations, and publish the submissions and interventions above 
referred to. provided that confidential information is not divulged; 
(G) administratively adjudicate violations of this Act and rules and regulations issued 
pursuant thereto, by conducting a formal investigation, independent of the corresponding 
criminal and civil action for said violation(s). The imposition of administrative penalties in the 
formal investigation is without prejudice to the imposition of penalties in the criminal action 
and/or judgment in the civil action and vice versa. 
As soon as a formal charge is filed with the Commission and even prior to the 
commencement of the formal investigation, the Commission may motu propio or upon verified 
application of any person, issue preliminary orders prohibiting fims from carrying on the 
anticompetitive or unfair practices referred to in this Act and, if necessary, requiring such firms 
to take other specified actions to eliminate the harmful effects of such practices and to ensure 
against recurrence of such practices. Before issuing any orders, the Commission shall be satisfied 
that the proposed measures are urgently required to avoid serious, imminent and irreparable harm 
to the economic interests of the Philippines, as expressed in this Act. Where the effectiveness of 
the order would not thereby be prejudiced, the Commission may permit the firms that would be 
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subject to the order to present their views regarding the proposed order. The Commission shall 
provide by rules and regulations the order procedures and restrictions for the issuance of such 
preliminary orders. 
All orders may, under this Section, lose effect twenty one (21) days after they are issued, 
unless renewed by express decision of the Commission. 
Upon its decision becoming final and executory, the Commission on its own initiative or 
upon motion of the winning party shall issue a writ of execution. The Commission shall deputize 
the Philippine National PoIice, National Bureau of Investigation or Armed Forces of the 
Philippines in the enforcement of any of its decisions and orders. Orders and decisions issued 
under this Section may be appealed to the pertinent appeal court, but do not lose their effect 
pending the outcome of the appeal; 
(H) conduct its own administrative investigations for the purpose of: 
(1) obtaining information relative to any activity that constitutes any past or present 
violation of this Act and Other fair trade laws; and 
(2) gathering and compiling trade information relative to: 
(i) the nature, organization and resources of any person, firm, entity or association doing 
business in and/or with the Philippines or a Philippine firm; 
(ii) determining and evaluating the practices, acts methods, schemes, arrangements and 
other trade conditions prevailing in an industry. 
(I) the officials authorized to conduct the preliminary or administrative investigations, 
including formal investigations for purposes of administrative adjudication referred to in the 
Section 1 (8) of this Article, shall have the power to administer oaths, issue subpoena duces 
tecum to compel the attendance of witnesses and the production of necessary papers and 
documents, and to punish direct and indirect contempt as granted to superior courts under the 
Rules of Court; 
(J) initiate or institute the appropriate civil action or proceeding before the proper court or 
administrative agency in the implementation of the provisions of this Act and other fair trade 
laws or restrain any threatened violations thereof; 
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(K) institute the appropriate information and prosecute criminal cases for any and all 
violations of this Act and other fair trade laws after conducting a preliminary investigation motu 
proprio or upon complaint of any person, when there is sufficient ground to engender a well 
founded belief that the violation(s) complained of idare being or hadhave been committed, and 
in addition, and subject to the rules on prosecution of civil action under the Rules of Court, 
institute the appropriate action for the recovery of civil liability; 
(L) To recommend the amendment of existing franchises when, based on its own 
evaluation, the same has adversely affected the growth of the relevant market or industry; 
(M) To periodically conduct an inspection of any pertinent: 
(1) factory, shop, laboratory, establishment, store, warehouse, any means of 
transportation, and the like; 
(2) papers, documents, and records found in such factory, shop, laboratory, 
establishment, store, warehouse, means of transportation, and the like; 
(3) equipment, finished or unfinished products, raw materials, containers, labeling and 
other pertinent properties found in such factory, shop, laboratory, establishment, store, 
warehouse, means of transportation, and the like; 
(4) activity being undertaken in such factory, shop, laboratory, establishment, store, 
warehouse, means of transportation and the like, which may be necessary to determine violations 
or which may aid in the enforcement of this Act, other fair trade laws, or rules and regulations 
issued pursuant thereto. 
The officials authorized to conduct said inspection may obtain a reasonable quantity of 
samples of the properties (except equipment) mentioned in Section 1 (m) (3) of this Article, to 
take pictures or video tapes of the places things nientioned in Section 1 (m) (1) and 3 of this 
Article, and secure copies of the papers mentioned in Section 1 (m) 
(2) of this Article. 
All acts authorized under this subsection shall be conducted at reasonable promptness, in 
a professional manner and without undue disturbance to any legitimate work or activity being 
undertaken inside the premises of such places. Receipts shall be issued for samples which may 
thereafter be so obtained; 
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(N) require any person, firm, entity or association to submit to it periodically or whenever 
necessary, such report, data, information, paper or document in such form as may Ube prescribed 
by the Commission; 
(0) request the different government agencies for assistance in obtaining information 
necessary for the proper discharge o f  its responsibilities under this Act, and examine, if 
necessary, the pertinent records and documents in the possession of such government agency; 
(P) promulgate such rules and regulations as may be necessary to implement the 
provisions and intent of this Act. Such rules shall be take effect fifteen (15) days following their 
publication in at least two (2) newspaper of general circulation or in the Official Gazette; and 
(Q) To perform such other functions as it may deem appropriate for the proper 
enforcement of this Act. 
SECTION 2. Advance rulings. - Parties may apply to the competition office for advance 
rulings, binding on that office, regarding eligibility for exemptions. If it chooses to grant an 
advance ruling, the competition office may include in it specified conditions and requirements. 
The advance ruling shall by its terms exists for a specified period of time. 
Advance rulings may be renewed upon application by the parties. An advance ruling may 
be revoked or modified ifi 
(a) a significant change in circumstances has occurred since the ruling; 
(b) the applicant infringed a condition or a requirement specified in the ruling; 
(c) the decision to grant the ruling was materially influenced by inaccurate, fraudulent or 
misleading data; or 
(d) the applicant abused the exemption granted to it. 
The competition office shall arrange for publication of its advance rulings, omitting any 
confidential information. It may arrange similar publication of all other decisions taken under 
this Act, again omitting any confidential information. 
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SECTION 3. Rules on conjdentiality and conflict of interest. - Officials of the 
Commission, as well as their agents and consultants, shall maintain the confidentiality of all 
business, commercial or official information of which they become aware during the C O U I S ~  of 
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their official activities, except that which is otherwise public. Disclosure of such confidential 
information may occur in the course of administrative or judicial proceedings arising under this 
Act, or otherwise as permitted by a court of competent jurisdiction. All members of the 
Commission shall inform the Office of the Chairman of the Commission of any position held or 
activity carried out in an economic field by the member, including all agents thereof The 
Chairman shall take all necessary steps to ensure there is no conflict of interest arising from such 
positions or activities, including requiring that such positions be resigned or activities cease. 
ARTICLE 7 -PENALTIES 
SECTION 1. Administrutivepenalties. - After formal investigation, the Commission may 
impose one or more of the following administrative penalties: 
(a) censure of the erring firm(s); andor 
(b) issuance of a Cease and Desist order which must specify the acts that the respondent 
shall cease and desist from and shall require him to submit a report of compliance therewith a 
reasonable time which shall be fixed in the order, and/or 
(c) condemnation or Seizure of Products or Property, in such manner as may be deemed 
appropriate by the Commission and in coordination with the proper authorities and remain in the 
custody of the Commission subject to the finality of the decision: Provided, That perishable 
goods shall be disposed of and the proceeds of such disposition shall be subject to the final order 
or decision of the Commission in the case; and/or 
(d) other analogous penalties as may be deemed proper by the Commission. 
SECTION 2. Imposition of administrative fines. - Administrative fines may be imposed 
in such an amount deemed reasonable by the Commission, which, in the case of an individual, 
shall not be less than Three Hundred Thousand Pesos (P300,OOO.OO) nor more than One Million 
Pesos (Pl,OOO.OOO.OO), and in the case of a corporation or other juridical entity, not less than 
Three Million Pesos (P3,000,000.00) nor more than One Hundred Million Pesos (P 
100,000,000.00), and in both instances, an additional fine of Ten Thousand Pesos (P10,OOO.OO) 
for each day of continuing violation; Provided, that in cane of violations by corporations, 


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associations, partnership or other juridical entities, individual fines may still be imposed on the 
officers directly or indirectly responsible for the implementation of the prohibited act. The fine 
imposed herein shall be regardless of the limit on the criminal fine in this Act and other fair trade 
laws violated. 
SECTION 3. Criminal penalties. - Any person who shall violate any provision of this 
Act shall be guilty of a felony and, upon conviction thereof shall suffer the penalty of 
imprisonment of not less than five (5) years but not more than twenty (20) years and a fine of not 
less than Three Hundred Thousand Pesos (P300,OOO.OO) in the case of an individual, and not less 
than Three Million Pesos (P3,000,000.00) in the case of a corporation or other juridical entity; 
Provided, That in case of violation by corporations, associations, partnerships or ,other juridical 
entities, the penalty o€ imprisonment shall be imposed on the officers directly or indirectly 
responsible for the implementation of the prohibited act. 
In addition to the foregoing penalties, the court may order the closure or dissolution of 
the establishment or firm where circumstances warrant and any property owned under any 
contract or by any combination, or pursuant to any conspiracy, and subject thereof as mentioned 
in the preceding sections, shall be forfeited in favor of the government. 
SECTION 4. Award of damages. - Any person who shall be injured in his business or 
property by any other person or corporation shall recover the amount of damages sustained by 
reasoned of the act declared to be unlawful by this Act, including the costs of suit and reasonable 
attorney's fees; Provided that this Section shall be without prejudice to the filing of the 
appropriate criminal action against the offending party. 
SECTION 5. Alien violation. - If the person committing the violation of this Act be an 
alien or a foreign firm, its foreign officers/representatives shall, in addition to the above 
penalties, be deported after paying the fine and/or serving his sentence without need of any 
further proceedings. 
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SECTION 6. Public Oflcer as Offender. - If the offender is a public officer, he shall, in 
addition, suffer the penalty of perpetual disqualification from holding a public office. 
ARTICLE 8 - FINAL PROVISIONS 
SECTION 1. Appropriations. - The amount necessary to carry out the provisions of this 
Act shall be included in the General Appropriations Act of the year following its enactment into 
law and every year thereafter. 
SECTION 2. Separability Clause. - If any provision, or part hereof is held invalid or 
unconstitutional, the remainder of the law or the provision not otherwise affected shall remain 
valid and subsisting. 
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SECTION 3. Repealing Clause. - Any law, presidential decree or issuance, executive 
order, letter of instruction, administrative order, rule or regulation contrary to or inconsistent 
with, the provisions of this Act is hereby repealed, modified, or amended accordingly. 
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Approved, 
SECTION 4. Effectivity Clause. - This Act shall take effect fifteen (15) days after its 
publication in at least two (2) newspapers of general circulation. 
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