Supreme Court hears argument on whether £14 billion consumer competition class action should proceed against Mastercard – Exchange Chambers
‘The Supreme Court last week heard Mastercard’s appeal seeking to prevent a proposed class action on behalf of 46 million consumers valued at £14 billion from proceeding against it. The case is interesting not merely from the perspective of whether the “juggernaut” of a claim should proceed against Mastercard but also because of its impact on other competition law class actions waiting in the wings and its influence more generally on how the fledgling competition law class action regime will develop in the UK.’
Exchange Chambers, 22nd May 2020
Source: www.exchangechambers.co.uk
