In The News

Court of Appeal issues judgment in the payment card multilateral interchange fees appeals

The Court of Appeal has ruled that the setting of the multilateral interchange fees within the MasterCard and Visa payment card systems restricts competition contrary to Article 101(1). However, the Court has decided to remit the other issues raised by the appeals to the Competition Appeal Tribunal for reconsideration. The relevant issues are the application of the exemption criteria under Article 101(3) and the assessment of the quantum of the claims. Click here.

EU

Mergers

  • The European Commission has approved unconditionally the proposed acquisition of UPC Austria by T-Mobile Austria. The Commission concluded that the transaction would not raise competition concerns as the companies' activities and assets are largely complementary. Click here.