Merchant Interchange Fee Umbrella Proceedings

On 27th June, the Competition Appeal Tribunal handed down judgment in proceedings relating to the Default Interchange Fee Rules. By its Judgment, the Tribunal concluded that the rules infringed Article 101(1) TFEU.

Kieron Beal KC appeared for the Umbrella Interchange Fee Claimants. Brian Kennelly KC, Jason Pobjoy KC, Isabel Buchanan and Ava Mayer appeared for the Visa Defendants.

The full judgment may be found here.