Resolution of claim by Global 365 Limited – Competition Appeal Tribunal Judgment

Resolution of claim by Global 365 Limited – Competition Appeal Tribunal Judgment PayPoint plc notes that the Competition Appeal Tribunal (‘CAT') has today handed down its judgment concerning the claim brought by Global-365 plc and Global Prepaid Solutions Limited (‘G365') against PayPoint Plc and a number of its subsidiary companies, PayPoint Collections Limited, PayPoint Network Limited and PayPoint Retail Solutions Limited (“PayPoint”). The CAT has: Found PayPoint liable for an historical infringement of competition law, which ceased in 2018, concerning certain contracts under which it provided energy OTC prepayment services; Awarded damages of £169,334 plus interest to G365 in respect of its “loss of a chance” to win contracts with a limited number of small energy suppliers.