These appeals concern fees known as ‘multilateral interchange fees’ (or ‘MIFs’) which are features of the payment card schemes operated by the defendants, to which I shall refer compendiously as ‘Visa’ and ‘Mastercard’. The claimants, who are traders, service companies and local authorities which accepted payment by Visa and Mastercard cards, claim that the rules of the schemes providing for various MIFs have had the effect of restricting competition and so infringed both European Union (‘EU’) and United Kingdom (‘UK’) competition law.
Judges:
Sir Julian Flaux, Chancellor of the High Court
Lord Justice Newey
And
Lord Justice Nugee
Citations:
[2022] EWCA Civ 1278
Links:
Jurisdiction:
England and Wales
Commercial, Banking
Updated: 14 October 2022; Ref: scu.681444