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Accessible legal tips, know-how and news for anyone with a complaint or legal issue from Stephen Gold, author of The Return of Breaking Law, the book

Thursday, 10 March 2022

MASTERCARD CLAIM: LATEST

If you are after collecting a few bob without having to strain yourself, you will know all about the Mastercard claim brought by Walter Merricks in the Competition Appeal Tribunal. If you don't, take a look at https://www.breakinglaw.co.uk/search/label/MasterCard%20claim

Where are we with this claim? Yesterday 09 March 2022 on the latest preliminary skirmish, the Competition Appeal Tribunal ruled that where someone who had the potential to collect compensation as at 06 September 2016 has since died, their claim will live on through the representative of their estate. This will add in an estimated three million extra claims. The Tribunal also gave permission for interest on compensation to be sought at the higher rate of 5% above base rate which raises the £14 billion being sought on behalf of UK consumers by up to £2.7 billion.

The case will move to a further hearing at the end of July 2022 when it is expected that a timetable for a trial will be set. A bit early to apply for tickets for the front row stalls.