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27 Feb 2024
Willkie’s Boris Bronfentrinker dismisses assertion by Mastercard lawyers Freshfields that new CAT ruling kills off bulk of the claim.
16 Jan 2024
Mastercard Accused Of Hiding Swipe Fees In Limitation Row (Subscription Required)
Mastercard intentionally concealed information about interchange fees from consumers by forcing banks to sign confidentiality agreements, the U.K.'s antitrust tribunal heard Tuesday, during the latest hearing on whether claims in a mammoth £10 billion class action are out of time.
10 Jan 2024
CAT urges against sampling in interchange fee cases (Subscription Required)
The UK’s Competition Appeal Tribunal has reiterated that using sampling to assess pass-on in the umbrella interchange fee litigation against Visa and Mastercard will add undue costs and delays ahead of trial.
6 Oct 2023
CAT sets trial roadmap for pass-on in interchange fee class actions (Subscription Required)
The UK’s specialist competition tribunal has laid out a blueprint for a trial to assess pass-on that will affect thousands of interchange fee claims after the parties failed to agree on how to address the issue.
27 Jul 2023
Interchange fee claimants can’t rely on EU limitation law, CAT rules (Subscription Required)
Interchange fee claimants have suffered a significant blow after the UK’s specialist competition tribunal held that EU statute of limitation rules do not apply to their claims – a decision that could be worth billions of pounds in damages.
27 Jul 2023
Mastercard’s unlawful EEA interchange fees influenced UK rates, Merricks argues (Subscription Required)
Mastercard has failed to demonstrate its anticompetitive European interchange fees did not act as a “starting point” in negotiations between banks to set UK rates, counsel to Walter Merricks has argued to the country’s specialist competition tribunal.
26 Jul 2023
Mastercard Users, Retailers Can't Apply EU Clocks To UK (Subscription Required)
The United Kingdom's specialized antitrust court limited the timetable of claims that can be brought against Mastercard over allegedly anti-competitive interchange fees Wednesday, holding that a European Union court decision isn't as strong as retailers and consumers had argued.