Summer date set for Freshfields’ £14bn Mastercard class action

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Redesigning the work of signing

While trivial compared to the significant human and economic costs of the COVID-19 pandemic, lawyers are facing several practical challenges flowing from the closure of business premises, clients and colleagues working exclusively from home, and requirements for us all to remain physically distanced from one another. One particular example of these challenges is the inability […]

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Aside from the devastating human health impact of the COVID-19 pandemic, the coronavirus is significantly disrupting the global economy, forcing business to adopt new models and fundamentally changing the way many of us live and work. With many firms invoking business continuity plans and staff working from home or alternative locations, working processes and practices […]

High Court sentences directors to prison for breach of anti-suit injunctions

In Dell Emerging Markets (EMEA) Ltd v Systems Equipment Services SARL, Mr Justice Henshaw handed down sentences of between nine and 18 months to the directors of one of Dell’s Lebanese distributors for procuring breaches of anti-suit injunctions. The Defendant (“SETS”) was a non-exclusive distributor of Dell products in Lebanon under an international distributorship agreement […]

Isle of Man Charities Registration and Regulation Act 2019

The final provisions of the Isle of Man Charities Registration and Regulation Act 2019 (2019 Act) came into force 1 April 2020. Whilst, the 2019 Act updates the registration and regulation provisions which were previously contained in the Charities Registration Act 1989 (1989 Act), it does not consolidate all of the Charities Acts. The main […]

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mastercard

Freshfields granted right to appeal in bumper Mastercard class action

The Supreme Court has granted Freshfields Bruckhaus Deringer the right to challenge a Court of Appeal decision in the £14bn Mastercard class action. In April, The Lawyer reported that Quinn Emanuel Urquhart & Sullivan had secured a decisive victory after the appeals court overturned a previous decision. The Competition Appeal Tribunal (CAT) had previously sided […]

mastercard

Quinn strikes key victory over Freshfields in £14bn Mastercard claim

Quinn Emanuel Urquhart & Sullivan has secured its most decisive victory to date in the £14bn Mastercard class action after the Court of Appeal overturned an earlier ruling in the case. The case will now be re-heard in the Competition Appeal Tribunal (CATf) which had previously sided with Mastercard’s lawyers at Freshfields Bruckhaus Deringer by […]

Bird & Bird joins magic circle duo on Mastercard’s battle for fintech company

Clifford Chance, Freshfields Bruckhaus Deringer and Bird & Bird have acted in MasterCard’s takeover battle with Visa for UK fintech company Earthport. Through its £233m offer, Mastercard trumped rival Visa by a 10 per cent premium, which had put in a £198m offer in December. Clifford Chance M&A partner Lee Coney led for Mastercard, supported by head of […]

mastercard

Freshfields and Quinn in tense wait over future of £14bn Mastercard case

Judges in the Court of Appeal have adjourned a hearing in the £14bn consumer claim against Mastercard, meaning Freshfields Bruckhaus Deringer and Quinn Emanuel Urquhart & Sullivan may have to wait until next year to learn whether or not the case will proceed. The decision to adjourn was taken last week, with Lord Justice Patten understood to have […]

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