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UID:396@monckton.com
DTSTART;TZID=Europe/London:20260310T150000
DTEND;TZID=Europe/London:20260310T160000
DTSTAMP:20260304T090709Z
URL:https://www.monckton.com/event/pass-on-reflections-on-the-cats-judgmen
 t-on-interchange-umbrella-proceedings/
SUMMARY:Pass-on: Reflections on the CAT's Judgment on Interchange Umbrella 
 Proceedings
DESCRIPTION:This is an afternoon webinar on the Competition Appeal Tribuna
 l’s landmark judgment on pass-on in the Interchange Umbrella Proceedings
 .\n\nFollowing Trial 2 (November 2024 – April 2025)\, the Tribunal has c
 larified the legal principles governing pass-on both as a mitigation defen
 ce in direct claims and as an element of an indirect claim\, and the appro
 ach required to assess  pass-on on the evidence.\n\nIn the context of pro
 ceedings concerning multilateral interchange fees set by Visa and Masterca
 rd brought both by retailers and  consumers\, the Tribunal addressed pa
 ss-on at two levels of the supply chain:\n\n 	From acquiring banks to merc
 hants (holding that blended MIFs were passed on at 85%)\; and\n 	From merc
 hants to consumers (holding that defendants must prove a “direct causati
 ve link” between the overcharge and downstream prices\, which was largel
 y not established).\n\nThis session will examine the Tribunal’s reasonin
 g and the implications for competition damages claims and collective proce
 edings.\n\nSpeakers include: Philip Woolfe KC\, Jack Williams and Dr Avant
 ika Chowdury (Oxera).\nRegister on Zoom here
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 /03/Banner-for-Lex-campaign-9.jpg
CATEGORIES:General,Webinars
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