In our May 2020 Competition Litigation Update, we covered the hearing of the landmark Supreme Court case of Mastercard Incorporated v Walter Hugh Merricks [2020] UKSC 51. The Supreme Court has now handed down its judgment in the case which concerned the test for the certification of collective proceedings within the context of a follow-on damages claim in the Competition Appeal Tribunal (CAT). [1] The Supreme Court has dismissed Mastercard’s appeal; the case will now go back to the CAT, which will reconsider Mr. Merricks’ application for a Collective Proceedings Order (CPO) in light of the Supreme Court’s guidance as to the relevant test. The decision addresses key questions about the legal requirements for the issuing of a CPO and should now open the door to other collective
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The UK Supreme Court gives guidance on collective proceedings in competition appeal tribunal in the financial services sector (Merricks / Mastercard)
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