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Competition Bureau Announced That It Will Not Appeal Credit Cards Decision

Posted in Corporate Matters

 

 

 

 

 

Canada’s Commissioner of Competition (Commissioner) announced today that it would not appeal the Competition Tribunal’s (Tribunal) decision to dismiss a case it brought against Visa Canada Corporation (Visa) and MasterCard International Incorporated (MasterCard).

Earlier this year, the Tribunal rejected the Commissioner’s complaint that credit card companies had engaged in price maintenance within the meaning of section 76 of the Competition Act; confirming that credit card networks do not engage in resale price maintenance in carrying on their business activities.

For additional information on the Tribunal’s reasons, please see http://www.mccarthy.ca/article_detail.aspx?id=6431.… Continue Reading