EU Court Holds Back Expansion of Antitrust Reviews to Non-Reportable Transactions
JD Supra: Mergers
SEPTEMBER 12, 2024
The Situation: To address a perceived enforcement gap, the European Commission ("EC") has issued guidelines expanding the types of non-reportable transactions subject to its "upward referral mechanism," which permits EU National Competition Authorities to refer transactions to the EC for merger review. Illumina and GRAIL, the parties to the first transaction prohibited on this basis, challenged the EC's new interpretation before the Court of Justice of the European Union ("ECJ").
Let's personalize your content