Today's Date: Add To Favorites   
UK court brings Brexit plans screeching to halt
Headline Legal News | 2016/11/04 15:12
Britain's High Court brought government plans for leaving the European Union screeching to a halt Thursday, ruling that the prime minister can't trigger the U.K.'s exit from the bloc without parliamentary approval.

The government said it would go to the Supreme Court to challenge the ruling, which if upheld could prevent it starting exit talks by March 31 as planned.

The pound, which has lost about a fifth of its value since the June 23 decision to leave the EU, shot back up on the verdict, rising 1.1 percent to $1.2430.

Britons voted by a margin of 52 to 48 percent to exit the EU, a process known as "Brexit." Prime Minister Theresa May has said she will invoke Article 50 of the EU treaty, launching two years of exit negotiations, by the end of March.

Several claimants, including a hairdresser and a financial entrepreneur, challenged May's right to trigger Brexit, in a case with major constitutional implications that hinges on the balance of power between Parliament and the government. They argued that leaving the EU will remove rights, including free movement within the bloc, and that can't be done without Parliament's approval.

Three senior judges agreed, ruling that "the government does not have the power under the Crown's prerogative to give notice pursuant to Article 50 for the U.K. to withdraw from the European Union."

The judges backed the claimants' argument that "the Crown could not change domestic law and nullify rights under the law unless Parliament had conferred upon the Crown authority to do so."

The British government immediately said it would appeal the judgment. It said in a statement that Britons voted to leave the bloc in a referendum approved by an Act of Parliament, "and the government is determined to respect the result of the referendum."

The Supreme Court has set aside time to hear the appeal before the end of the year. The case is considered the most important constitutional matter in a generation.


[PREV] [1] ..[1184][1185][1186][1187][1188][1189][1190][1191][1192].. [3013] [NEXT]
All
Securities Class Action
Headline Legal News
Stock Market News
Court News
Court Watch
Legal Interview
Securities Lawyers
Securities Law Firm
Topics in Legal News
Attorney News
Legal Focuses
Opinions
Legal Marketing
Law Firm News
Investment Fraud Litigation
Former Georgia insurance com..
Alabama woman who faked kidn..
A Supreme Court ruling in a ..
Denying same-sex marriage is..
Trump wants N.Y. hush money ..
China’s top court, prosecut..
Supreme Court restores Trump..
Supreme Court casts doubt on..
Donald Trump appeals $454 mi..
Alabama hospital pauses IVF ..
Ken Paxton petitions to stop..
Attorney Jenna Ellis pleads ..
Trump arrives in federal cou..
Why Trump's bid for presiden..
Samsung chief is acquitted o..
UN court rejects most of Ukr..


   Lawyer & Law Firm Links
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
www.lawrsm.com
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
Oregon Family Law Attorney
Divorce Lawyer Eugene. Family Law
www.mjmlawoffice.com
Family Law in East Greenwich, RI
Divorce Lawyer - Erica S. Janton
Post-Divorce Issues Attorney
Connecticut Special Education Lawyer
www.fortelawgroup.com
   Legal Resource Links
Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
 
 
 

The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo