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Lexology PRO | United Kingdom | 29 Nov 2021

Visa and Mastercard fend off summary judgment applications in UK

The UK’s specialist competition tribunal has refused to issue summary judgment against Visa and Mastercard for charging apparently unlawful multilateral interchange fees on certain payment card transactions.
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Lexology PRO | European Union, United Kingdom | 6 Aug 2021

Mastercard and Sainsbury’s settle interchange fees claim

Mastercard and Sainsbury’s have settled their long-running dispute over the former’s unlawful multilateral interchange fee scheme, bringing an end to the supermarket’s nearly-decade old claim.
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Lexology PRO | European Union, United Kingdom | 14 May 2021

UK tribunal must hear second-wave of interchange disputes, Mastercard argues

Mastercard has asked the UK’s specialist competition tribunal to assess its multilateral interchange fee scheme in its true economic and legal context, warning that a failure to do so would be an “error of law”.
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PRO Compliance | United Kingdom | 3 Mar 2021

CAT urged to reject parts of Mastercard's interchange defence

A group of retailers have asked the UK’s Competition Appeal Tribunal to deny Mastercard’s attempts to amend its defence against damages claims arising from the credit card company’s illegal interchange fees.
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PRO Compliance | United Kingdom | 11 Feb 2021

Interchange fee dispute reveals flaws in CAT rules

The UK’s Competition Appeal Tribunal is preparing to reform its procedural rules for the first time since 2015, its president has said.
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PRO Compliance | European Union, United Kingdom | 16 Nov 2020

Ticketmaster to fight GDPR fine

The UK’s data watchdog has imposed a seven-figure fine on Ticketmaster for a data breach that exposed the data of nearly 10 million European customers – but the company has vowed to appeal against the decision.
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Lexology PRO | European Union, Global, United Kingdom, etc. | 11 Nov 2020

Fintech regulatory updates: US election and COVID-19 implications

Key regulatory updates for the fintech sector, including the implications of the US election results and the role of fintech during the COVID-19 pandemic and beyond.
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PRO Compliance | USA | 6 Nov 2020

DOJ: Plaid data would jeopardise Visa monopoly

The US Department of Justice’s lawsuit against Visa’s $5.3 billion acquisition of Plaid claims the deal is designed to end the competitive threat posed by the smaller company’s financial data network.
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Hausfeld LLP | European Union, United Kingdom | 19 Aug 2020

The UK Supreme Court’s VISA/MasterCard Interchange Fee Judgment

The UK Supreme Court recently handed down its eagerly anticipated Judgment in respect of unlawful interchange fee claims against MasterCard and VISA…
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PRO Compliance | United Kingdom | 17 Jun 2020

Visa and Mastercard lose interchange fee battle

The UK’s Supreme Court has confirmed that Visa and Mastercard’s interchange fees violated EU competition law, exposing both companies to more than €1 billion in potential damages claims.
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