EU chiefs brutally slapped down for interfering in bombshell ECJ ruling
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.
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