The European Commission exceeded its authority by asserting jurisdiction over the Illumina-Grail merger, the European Court of Justice has ruled.
On Septeber 3, the ECJ slapped down the Commission led by Ursula von der Leyen, saying it is “is not authorised to encourage or accept referrals of proposed concentrations without a European dimension from national competition authorities where those authorities are not competent to examine those proposed concentrations under their own national law”.
The ruling will come as a sever blow to the EU, seriously undermining its ability to police large scale mergers and acquisitions.
Illumina has consistently maintained th European Commission exceeded its authority by asserting jurisdiction over its merger with Grail.
We’ll be bringing you the very latest updates, pictures and video on this breaking news story.
For the latest news and breaking news visit: /news
Stay up to date with all the big headlines, pictures, analysis, opinion and video on the stories that matter to you.
Follow our social media accounts here on facebook.com/DailyExpress and @daily_express
A year ago today we launched Guardian Europe, a new digital edition of the Guardian to help bring journalism about the world to Europe and journalism about Euro
Zelenskyy says Ukraine 'victory plan' depends on decisions by allies this yearUkraine’s “victory plan” in the war against Russia depends on quick decision
WARSAW, Poland (AP) — European Union chief Ursula von der Leyen on Thursday pledged billions of euros in aid for Central European countries that suffered enor
The European Parliament on Thursday adopted a non-binding resolution calling on member states to allow Ukraine to use Western weapons to strike deep