Mishcon de Reya was recognised at last night's British Legal Awards, winning Competition Team of the Year for its successful representation of Sainsbury's Supermarkets Ltd in a competition damages claim against MasterCard in relation to unlawfully high interchange fees. The firm was also highly commended in the UK Law Firm of the Year category.
The Competition Team of the Year category recognises cases that set new standards in the delivery of legal services. In its judgment handed down on 14 July 2016, the Competition Appeal Tribunal held that MasterCard had infringed EU and UK competition laws, and awarded Sainsbury's damages of £68 million plus compound interest. This was the first judgment to be given in a raft of litigation being brought by numerous high-street retailers in the UK and Europe, alleging that MasterCard and Visa charged anti-competitive and excessive debit and credit card fees, and seeking combined damages of more than £1.2 billion. Rob Murray and Sarah Houghton, both Partners in Mishcon de Reya's Competition group, led the team advising Sainsbury's. The team also included Associates Jonothan Broadbent and Zachery O'Brien.
Click here to read more about the British Legal Award 2016.