919 results found
Lexology PRO | European Union, United Kingdom | 5 Oct 2022
Court of Appeal upholds summary judgment denial in UK interchange fee claims
A UK appellate court has rejected an appeal by over 680 merchants seeking summary judgment in their interchange fee claims against Visa and Mastercard, ruling that the country’s specialist competition tribunal did not contradict previous precedent when rejecting the application.
Lexology PRO | Central & South America, Colombia | 1 Aug 2022
Visa and Mastercard hit with interim measures in LatAm fintech probe
Colombia’s antitrust enforcer has joined a Chilean court in ordering Visa and Mastercard to stop threatening sanctions on banks that use rival transaction processing services to simplify international payments and save on hefty fees.
Lexology PRO | United Kingdom | 8 Jul 2022
UK tribunal opposes sampling to establish pass-on for interchange fee claims
The UK’s Competition Appeal Tribunal will not use a sample of test cases to assess whether businesses claiming damages as a result of Mastercard and Visa’s illegal interchange fees passed on any losses.
Lexology PRO | United Kingdom | 18 Mar 2022
CAT refuses to split ATM operator’s trial against Mastercard and Visa
The UK’s Competition Appeal Tribunal has rejected an ATM operator’s attempt to divide its standalone antitrust damages trial against Mastercard and Visa into separate hearings on liability and quantum, as doing so would cause delay and hamper settlement discussions.
Lexology PRO | Asia-Pacific, Australia, Canada, etc. | 1 Feb 2022
CBDCs: how close are central banks to adoption?
How to make CBDCs more user-friendly, secure, and internationally aligned, are some of the focal areas as central banks around the world explore issuing digital currencies.
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.
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.
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”.
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.
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.
