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
The EU General Court fully upholds the Commission’s decision on multilateral interchange fees (MasterCard)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.