The High Court of England and Wales refuses stay of proceedings despite ongoing EU appeal in interchange fees case (WM Morrison Supermarkets v MasterCard)

The High Court (Queen’s Bench Division) has refused to grant a stay of proceedings against Mastercard defendants in WM Morrison Supermarkets plc and others v MasterCard Incorporated and others [2013] EWHC 1071 (Comm). In this case, Morrisons and other major high street retailers claimed damages against various MasterCard entities and also MasterCard UK Members Forum Limited ("MMF") regarding the losses allegedly suffered as a result of the arrangements for the setting of interchange fees on MasterCard transactions from 1992 onwards. The MasterCard scheme involves, on the one hand, a merchant and a bank (‘the acquiring bank’) providing services to the merchant, and,

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  • University of Leeds

Quotation

Pinar Akman, The High Court of England and Wales refuses stay of proceedings despite ongoing EU appeal in interchange fees case (WM Morrison Supermarkets v MasterCard), 3 May 2013, e-Competitions Bulletin May 2013, Art. N° 54172

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