On September 11 2014, the ECJ handed down its verdict on the appeal by Groupement des Cartes Bancaires, against a General Court decision upholding a European Commission decision finding that GCB’s tariffs breached Article 101 of the TFEU. The ECJ referred the case back to the General Court, which met this Wednesday.
The ECJ found that the General Court was wrong to conclude that the pricing measures that GCB had adopted in relation to its payments card system had the object of restricting competition. The General Court had failed to refer fully to the settled case law, or to show that the co-ordination revealed during the proceedings had sufficiently harmed competition, a requirement of the Law.
Finally, the ECJ also found the General Court to have failed in its interpretation of the Restriction by Object concept, or to observe the standard of review required under law for this kind of complex case. As a result, the ECJ has decided to uphold the GCB’s appeal, with a new trial to be carried out, with results expected in the upcoming months.
Featured News
News Corp Faced Millions in Losses by Moving Away from Google Ads, Ex-Executive Testifies
Sep 10, 2024 by
CPI
EU Faces Critical Innovation Gap, Draghi Report Urges Antitrust Reforms
Sep 10, 2024 by
CPI
Womble Bond Dickinson and Lewis Roca to Merge, Forming 1,300-Lawyer Firm
Sep 10, 2024 by
CPI
Federal Judge Dismisses Antitrust Lawsuit Against Fidelity and Schwab
Sep 10, 2024 by
CPI
FTC Reportedly To Probe 7-Eleven Owner’s Potential Takeover by Couche-Tard
Sep 10, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
CPI
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
CPI
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
CPI
The Cost of Making COFECE Disappear
Sep 3, 2024 by
CPI