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
The UK High Court dismisses defendants’ stay application in long term interchange fee litigation (Morrison Supermarkets / MasterCard)
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