The EU General Court fully upholds the Commission’s decision on multilateral interchange fees (MasterCard)

European Courts: Judgment in MasterCard Case upholds Commission’s Decision* In its judgment of 24 May 2012 in case T-111/08, the General Court (the Court) fully upheld the Commission’s decision prohibiting MasterCard’s multilateral interchange fees (MIFs) that apply to cross-border transactions with consumer cards. It is the first judgment of the EU court on the issue of MIFs and it supports more than 20 years’ work by the Commission and national competition authorities (see Information Paper on competition enforcement in the payments sector) . The Court confirmed the key elements of the Commission’s analysis: Even after the IPO, MasterCard is an association of undertakings. The Court held that the Commission was right in taking the view that despite the changes

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European Competition Network Brief, The EU General Court fully upholds the Commission’s decision on multilateral interchange fees (MasterCard), 24 May 2012, e-Competitions Bulletin May 2012, Art. N° 48349

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