Competition

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Representatives for Walter Merricks’s £17bn ‘opt-out’ claim against Mastercard have launched the biggest public noticing campaign in legal history.

Mastercard has lost its latest appeal against the Competition Appeals Tribunal (CAT) decision to certify an ‘opt-out’ class action.

Mastercard has been refused permission to appeal the Competition Appeal Tribunal (CAT) judgment greenlighting the claim in the mammoth class action launched by former Financial Ombudsman Walter Merricks.

They’re massive, big money, headline-grabbing and share-price rocking—and possibly coming to a court near you! At least, that’s if the Competition Appeal Tribunal (CAT) continues on its current path of greenlighting opt-out collective proceedings.

The Competition Appeal Tribunal’s desire to breathe life into the collective proceedings regime is clear from its CPO approval rate & reluctance to strike out or summarily dismiss claims: Cameron Laing assesses the impact of its approach thus far

The £1bn UK class action against banks for Forex rigging (FX Claim) cannot proceed on an opt-out basis, the Competition Appeal Tribunal (CAT) has ruled by a 2-1 majority

A second opt-out Collective Proceedings Order (CPO) has been made, this time in the £469m Justin Le Patourel v BT claim in the Competition Appeal Tribunal (CAT)

The Competition and Markets Authority (CMA) has launched a consultation on proposed amendments to its guidance on penalty setting in Competition Act 1998 cases

Stephen O’Dowd looks at competing claims & whether parties can afford to let the courts roll the dice

Mastercard v Merricks—Henry Warwick QC & Jack Castle report on an important year for collective proceedings & representative actions

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MOVERS & SHAKERS

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Gateley Legal—Jack Kelly

Gateley Legal expands Midlands residential development team

Gibson Dunn—Richard Surtees

Gibson Dunn adds employee benefits and executive compensation practice in London with partner Richard Surtees

Laytons ETL—Alec Cameron

Laytons ETL appoints new partner and head of intellectual property disputes

NEWS

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NLJ this week: Property cases reshape established principles-T1

A series of recent decisions has clarified important principles across property law, from perpetuities to lease renewals and public rights over land

NLJ this week: Property cases reshape established principles

A series of recent decisions has clarified important principles across property law, from perpetuities to lease renewals and public rights over land

NLJ this week: Stress ruling raises the bar for employers

Employers cannot rely on wellbeing services alone to defend workplace stress claims after a High Court decision awarding almost £1m to an overworked employee

NLJ this week: Can Manchesterism revive access to justice?

Andy Burnham's brand of 'Manchesterism' could offer fresh thinking on legal aid and access to justice if it reaches Westminster, according to Roger Smith, NLJ columnist and former director of JUSTICE

NLJ this week: Constitutional conventions tested as power changes hands

The constitutional fallout from a change of prime minister, rather than the politics, is under scrutiny as questions arise over the limits of executive authority in a leadership transition

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Competition

MOVERS & SHAKERS

Gateley Legal—Jack Kelly

Gibson Dunn—Richard Surtees

Laytons ETL—Alec Cameron