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ARTICLE · 11 SEPTEMBER 2025

One Year After Illumina/Grail – How Are EU Competition Authorities Now Dealing With Below-Threshold Mergers

Crowell & Moring LLP
Crowell & Moring LLP
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Crowell & Moring LLP

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In principle, the CJEU's ruling in the Illumina/Grail case severely limited the Commission's ability to review below-threshold transactions. However, Member States are still referring cases under Article 22...

ItalyAntitrust/Competition Law

What You Need to Know

Key takeaway #1

In principle, the CJEU's ruling in the Illumina/Grail case severely limited the Commission's ability to review below-threshold transactions. However, Member States are still referring cases under Article 22 of the EU Merger Regulation, as demonstrated by the Nvidia/Run:ai and Brasserie Nationale/Boissons Heintz cases.

Key takeaway #2

Several Member States have adopted "call-in" powers to investigate and refer below-threshold mergers at their discretion. Other Member State authorities are using different routes, investigating below-threshold mergers as potential abuses of dominance or anticompetitive practices (following the CJEU's Towercast judgment).

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