ALERTS: CARTELS – PRICE COORDINATION – MARKET POWER – CONCERTED PRACTICES

Restriction by the object: Advocate General Bobek proposes to the European Court of Justice a method for the determination of restriction of competition by object (Gazdasági Versenyhivatal / Budapest Bank)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Hungarian Supreme Court referred questions to the ECJ for a preliminary ruling in a case concerning the setting of a multilateral interchange fee (MIF) paid by acquiring banks to credit card issuing banks, between 22 banks and the credit card companies, Mastercard Europe SA and Visa Europe Ltd. This perfectly formal agreement lasted from 1996 to 2008. The Hungarian Supreme Court asks four questions for a preliminary ruling: (1) Can the same conduct be qualified as an infringement both by its anti-competitive object and by its anti-competitive effects? Does the agreement concluded between Hungarian member banks constitute a restriction of competition

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Karine Biancone, Restriction by the object: Advocate General Bobek proposes to the European Court of Justice a method for the determination of restriction of competition by object (Gazdasági Versenyhivatal / Budapest Bank), 5 September 2019, Concurrences N° 4-2019, Art. N° 92625, www.concurrences.com

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