Judgment of the General Court (Seventh Chamber) of 24 May 2012.
MasterCard, Inc. and Others v European Commission.
Competition - Decision by an association of undertakings - Market for the provision of debit, charge and credit card transaction acquiring services - Decision finding an infringement of Article 81 EC and Article 53 of the EEA Agreement - Multilateral fallback interchange fees - Article 81(1) and (3) EC - Concept of ancillary restriction - No objective necessity - Restriction of competition by effect - Conditions for the grant of an individual exemption - Rights of the defence - Remedy - Periodic penalty payment - Statement of reasons - Proportionality.
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