And here are the rules and regulations, summed up by BusinessWorld's Chess Piece columnist Bobby Ang:
The match will consist of 12 games with a time control for each game of 120 minutes for the first 40 moves, 60 minutes for the next 20 moves and then 15 minutes for the rest of the game with an increment of 30 seconds per move starting after move 61 has been made.
If the scores are level after the regular 12 games, then we go into tie breaks.
1. Four tie-break games will be played with 25 minutes for each player with an increment of 10 seconds after each move
2. If the scores are still level, then a match of two games shall be played with a time control of five minutes plus three seconds increment after each move. In case of a level score, another two-game match will be played to determine a winner. If still there is no winner after five such matches (total 10 games), we will go into sudden death.
3. In sudden death the player who wins the drawing of lots may choose the color. The player with the white pieces shall receive five minutes, the player with the black pieces shall receive four minutes whereupon, after the 60th move, both players shall receive an increment of three seconds from move 61. In case of a draw the player with the black pieces is declared the winner.
And my Scribd copy of the complete set of rules and regulations, including the schedule for the event, for the World Chess Championship 2012:
FIDE World Championship 2012 Rules and Regulations
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