In the latest decision concerning multilateral interchange fees (“MIFs”) delivered on Friday 23 February, Phillips J held that if Visa’s MIFs were anticompetitive "then they were not exempt under Article 101(3) TFEU and would not have been exempt at any level”. The Court found that in the light of the factual and expert evidence, Visa had not shown that there was a...
Commercial Court reaffirms principles applicable to summary judgment / strike out in dispute over sale of credit card portfolio The judgment of the Commercial Court in CCUK Finance Limited v Barclays Bank PLC reaffirms the principles applicable to applications for summary judgment and/or strike out, and also considers and applies the principles relevant to orders for specific performance. The application...
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