SuperValu and Centra franchise owner Musgrave is joining a legal action seeking compensation from Visa and Mastercard for charging fees in breach of competition laws.
British courts ruled last year that so-called interchange fees imposed by Visa and Mastercard on retailers for every card transaction were a breach of both EU and UK competition laws.
Read the full article on The Irish Times website
NAM Implications:
- This appears to be a win-win option for Musgrave franchise partners joining the action.
- i.e. no upfront cost, nor share of costs if the case is lost…
- …but a share of the refund (subject to a maximum fee of 40%), in the event of a win.
