Mastercard tells UK appeal judges that antitrust court erred in ruling on law governing mass claim
By Simon Zekaria ( May 1, 2024, 15:22 GMT | Insight) -- Mastercard told UK appeal judges today that the competition court erred when it ruled over disputed pre-trial issues in a mass action over alleged unlawful card fees, including over what jurisdiction's law applies to the suit. The claim, representing tens of millions of UK shoppers, is based on an EU decision that card fees caused loss to consumers through unlawful overcharging.Mastercard told UK appeal judges today that the country's competition court made errors in a ruling over disputed pre-trial issues in a mass action over alleged unlawful card fees, including over what jurisdiction's law applies to the suit. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.