An Italian Administrative Court sets aside the Italian Competition Authority’s decision to fine a payment card network company, 8 Italian banks and financial institutions for infringing art. 101 TFEU (MasterCard – I720 Carte di credito)

Introduction On the 11th of July 2011 the Italian Regional Administrative Court of Latium (Tribunale Amministrativo Regionale per il Lazio – hereafter “IRAC”) upheld the appeal of Monte dei Paschi di Siena S.p.A. (hereafter MPS”) against the decision no. 21768 of the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato – hereafter “ICA”) sanctioning an infringement of the article 101 TFEU by MPS and other parties in the Italian payment card market. Some features of the payment card market The payment card market can be divided into one upstream market (competition among different networks such as VISA Group and MasterCard Group, hereafter “MC”) and two downstream markets (on one side competition among different card issuers, on the other side competition among

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Ernesto Cassetta, Felice Simonelli, Bitetti Rosamaria, An Italian Administrative Court sets aside the Italian Competition Authority’s decision to fine a payment card network company, 8 Italian banks and financial institutions for infringing art. 101 TFEU (MasterCard – I720 Carte di credito), 11 July 2011, e-Competitions Bulletin Commitment Decisions, Art. N° 39722

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