On 4 May 2013, Mr Justice Field handed in a judgment in WM Morrison Supermarkets, dismissing an application by a number of the defendants within the MasterCard group for an immediate stay of the proceedings until a related appeal which is currently pending before the Court of Justice of the European Union ("CJEU") has been determined. In these proceedings Morrisons and eleven other high-street retailers are claiming damages against various MasterCard entities and also MasterCard UK Members Forum Limited ("MMF") in respect of losses allegedly suffered as a result of the arrangements for the setting of multi-lateral interchange fees ("MIFs") on MasterCard transactions from 1992 onwards. Interchange fees are fees paid on payment card transactions by acquiring banks to issuing banks and
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The UK High Court dismisses defendants’ stay application in long term interchange fee litigation (Morrison Supermarkets / MasterCard)
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