Competition Appeal Tribunal awards compound interest on £68.6m damages award

On 14 July the UK Competition Appeal Tribunal (CAT) issued its judgment in the damages claim brought by Sainsbury's against MasterCard. It held that certain interchange fees set by MasterCard were anti-competitive and awarded damages of £68.6m, plus interest. The decision has many significant features from a competition litigation perspective, including that it is: the first … Read more

House of Lords ruling expands availability of compound interest

The House of Lords has held that compound interest is recoverable in a claim for restitution of money paid under a mistake of law and, although strictly obiter, indicated that it would be recoverable in principle in any claim in tort or for breach of contract, including debt claims: Sempra Metals Ltd (formerly Metallgesellschaft Ltd) … Read more