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TowerCast’s ECJ victory casts a shadow over Illumina’s jurisdictional appeal
24 March 2023 00:00
The recent European Court of Justice victory for TowerCast has reverberated around the European Union, with the court’s decision suggesting a path for regulators to deal with so-called killer acquisitions. The court sided with an interpretation confirming that a prohibition on abuse of a dominant position is an acceptable avenue for officials wanting to block deals that involve established companies buying startups to shut down any risk of future competition. The decision is now casting a shadow over Illumina’s jurisdictional appeal for its acquisition of Grail — an acquisition that has been vetoed by the European Commission.
21 March 2023 09:26 by Natalie McNelisIllumina probably had a sinking feeling reading TowerCast’s win in the European Court of Justice
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Natalie McNelis Senior Correspondent
Natalie McNelis covers mergers for MLex in Brussels. Before joining MLex in 2017, she spent 20 years as an international trade and competition lawyer in law firms including Stibbe and WilmerHale. Natalie has a BA in English from Mount Holyoke College, a JD from Harvard Law School and an LLM in EU law from KU Leuven. She is admitted to the bar in New York.