Friday, 27 October 2017

MasterCard Claim Update

Lawyers for Walter Merricks have taken two steps to challenge the decision of the Competition Appeal Tribunal. They have sought permission from the Court of Appeal to make the challenge to it and also sought permission from the Administrative Court of the High Court to apply for judicial review. The second step has been taken as a precautionary measure, lest it transpires that the Court of Appeal does not have jurisdiction to accept the challenge as there is some legal doubt about this. 

Mr Merricks remains bullish about his prospects of success. To address the Tribunal's reasons for throwing out the claim, a detailed supplemental report has been prepared by leading economists and forensic accountants. It is claimed to conclusively address how much of MasterCard's illegal card fees were passed on to consumers in the form of higher prices and demonstrate that Mr Merrick's proposal for distribution of the damages sought from MasterCard would result in a payment which would broadly reflect the actual loss suffered by each individual consumer on who behalf he is claiming - which could be you or me?!