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Illumina, Grail warn EU’s top court of ‘competence creep’ over deal jurisdiction

By Natalie McNelis ( December 12, 2023, 16:50 GMT | Insight) -- Illumina and Grail called on the EU’s top court today to overturn a ruling that upheld the European Commission's power to review their merger on the back of a novel interpretation of Article 22 of the EU Merger Regulation. It’s a case closely watched by dealmakers as the new interpretation changed the scope of the regulator’s jurisdiction. It saw the commission start urging national competition authorities to send otherwise non-notifiable mergers for EU-level review.Illumina and Grail called on the EU’s top court today to overturn a ruling that upheld the European Commission's power to review their merger on the back of a novel interpretation of Article 22 of the EU Merger Regulation....

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