Grab to Appeal Fines Imposed by Local Antitrust Authority Over Uber’s Acquisition
Grab Philippines will contest the decision of the Philippine Competition Commission (PCC), which imposed a series of fines that total PHP16-million against the company, for allegedly violating the provisions set by the agency as it reviewed Grab’s acquisition of Uber.
“We respectfully disagree with PCC’s decision. Grab completed the transaction legally, and did not violate the interim measures order,” Grab’s counsel, Atty. Miguel Aguila, said in a statement.
Aguila reiterated that Grab’s acquisition of Uber was done in accordance with the law and did not violate the PCC’s orders, specifically for both ridesharing services to remain independent with their operations, platforms, pricing and payment policies, among others, prior to the merger on March 25.
“Grab and Uber operations in the Philippines remained separate and without any integration nor was there automatic transfer of passenger and drivers’ data. Grab did not take over Uber operations and did not do anything to violate the interim measures after it was put into effect,” Aguila shared.
Aguila added that Uber’s acquisition of an equity stake and board seat in Grab was consummated prior to the issuance of the PCC’s interim measures order.
“The interim measures should be interpreted to apply prospectively and should not cover acts already consummated before its issuance,” said Aguila.
The PCC though has yet to receive a copy of Grab’s motion for reconsideration.
“To date, we have not yet received a copy of Grab’s motion for reconsideration. The parties have until October 29 within which to file their MR (motion for reconsideration),” said PCC Chairman Arsenio Balisacan said to the Philippine News Agency.