The UK Competition Appeal Tribunal certifies the first competition class action on behalf of 46 million consumers who suffered loss as a result of anti-competitive interchange fees imposed by a payment company between 1992 and 2008 (Merricks / MasterCard)

On 18 August 2021, the UK's Competition Appeal Tribunal ("CAT") certified the application by Mr Walter Merricks CBE to bring an opt-out class action on behalf of 46 million UK consumers who suffered loss as a result of anticompetitive interchange fees imposed by Mastercard between 1992 and 2008. While the CAT's ruling was expected following the Supreme Court's judgment in December 2020, this is a significant decision as it is the first time a class action has been certified following the amendments introduced by the Consumer Rights Act 2015. Key takeaways The first opt-out collective proceeding in the UK has been certified which will pave the way for future collective actions.A class can include the representatives of the estates of deceased persons but it cannot simply include

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteurs

  • Ashurst (London)
  • Ashurst (London)

Citation

Euan Burrows, Duncan Liddell, The UK Competition Appeal Tribunal certifies the first competition class action on behalf of 46 million consumers who suffered loss as a result of anti-competitive interchange fees imposed by a payment company between 1992 and 2008 (Merricks / MasterCard) , 18 août 2021, e-Competitions November 2021 - II, Art. N° 103675

Visites 73

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues