On 29 January 2019, the French Supreme Court (the “Supreme Court”) annulled a judgment of the Paris Court of Appeal (the “Court of Appeal”) in the bank interchange fee cartel case on the grounds that the Court of Appeal’s interpretation of the concept of “restriction of competition by object” was overly extensive and ran counter to EU case law. In September 2010, the French Competition Authority (the “FCA”) imposed a fine of € 384.9 million on eleven banks for colluding to charge, from 1 January 2002 to 1 July
The French Supreme Court overturns a Paris Court of Appeal judgment on the concept of restriction of competition by object in a bank fee cartel case (Banque de France / BPCE / Banque Postale / BNP-Paribas / CIC / HSBC / SG)
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