The UK Competition Appeal Tribunal overturns the Competition Authority’s wide "Most Favoured Nation" decision (ComparetheMarket)

Background In November 2020, the CMA issued a Decision against CTM and imposed a c. £18m penalty. The Decision took issue with contractual obligations known as wide most favoured nation clauses (wide MFNs), which were imposed by CTM in its agreements with certain home insurers. These clauses required home insurers to provide to the price comparison website (PCW) the lowest (or equal lowest) prices on offer anywhere for that product, whether on other PCWs or via their own direct channels. In contrast, narrow MFNs prevent the home insurers from undercutting the prices quoted on the PCW only on its own website or other direct marketing channels. CTM appealed the Decision, and the CAT substantially agreed with the appeal and set aside the Decision. The CMA erred in defining the market

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Nissim Massarano, The UK Competition Appeal Tribunal overturns the Competition Authority’s wide "Most Favoured Nation" decision (ComparetheMarket), 8 August 2022, e-Competitions September 2022, Art. N° 108538

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