MasterCard loses the appeal at ECJ and its consequences will be wide for the banking and the payments industries

As the result of the decision issued on 11 September 2014 by the European Court of Justice, MasterCard will have to cancel its multilateral interchange fees (MIFs), a situation which will put it at disadvantage with the competitor VISA, which chosed to settle the matter...

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UPDATE – The conclusions of the Romanian Competition Council in the market enquiry regarding the payments by card should be released this week

UPDATE - The report can be read at the internet address http://www.consiliulconcurentei.ro/uploads/docs/items/id8327/raport_privind_piata_serviciilor_de_plati_prin_carduri-neconfidential.pdf. (Romanian only, for the time being)_________________________________________________________________________________The Romanian Competition Council is expected to release this week the conclusions of a most awaited enquiry - that in respect of the market for payment services by card...

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UPDATE. From the producer to the customer – is the shortest way the best way ? Considerations about the advertising and pharma industries.

UPDATE 4:In February 2014 the Romanian Government issued an Emergency Government Ordinance (EGO), no 2/2014, which extends the public service obligations to ensure the uninterrupted provision of drugs also to the manufacturers and their authorized importers.  In addition, EGO 2/2014 provides that for the drugs...

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