Interchange fees restrict competition: Is the UK Supreme Court giving Article 101(1) TFEU a final glance?* In a long running legal battle, some clarity has finally been provided by the Supreme Court of the United Kingdom in relation to the implications of multi-lateral interchange fees (MIFs) between card companies with respect to European Competition Law. In the combined cases of Sainsbury’s Supermarkets Ltd (Respondent) v Visa Europe Services LLC and others (Appellants) Sainsbury’s Supermarkets Ltd and others (Respondents) v Mastercard Incorporated and others (Appellants) [2020] UKSC 24 the Supreme Court found unequivocally in favour of the supermarket chains and held that the MIFs were a restriction of competition contrary to Article 101(1) of the Treaty on the Functioning of the
The UK Supreme Court finds that multilateral interchange fees between credit card companies are in violation of competition law (Sainsbury’s / Visa / MasterCard)
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