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London High Court to deliver verdict on EU exit case on Thursday
Source: Reuters
WORLD NEWS | Wed Nov 2, 2016 | 10:56am EDT
London High Court to deliver verdict on EU exit case on Thursday
By Michael Holden | LONDON
London's High Court will deliver its verdict on Thursday on whether British lawmakers, rather than the government, must trigger the formal process of leaving the European Union, a decision that could affect the circumstances of Britain's exit.
The court heard a challenge last month from campaigners who argued Prime Minister Theresa May and her ministers do not have the authority to invoke Article 50 of the EU Lisbon Treaty, the mechanism by which a nation can leave the bloc, without the explicit backing of parliament.
If the challengers win their legal fight, lawmakers might have to vote on whether and when Article 50 should be triggered, which could lead to delays or even, in theory, block Brexit altogether.
May has said she will invoke Article 50 by the end of March next year, starting a two-year divorce procedure from the bloc. Sterling plunged in the wake of her announcement, shedding about 5 percent against the dollar and hitting its lowest levels in over three decades.
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London High Court to deliver verdict on EU exit case on Thursday
By Michael Holden | LONDON
London's High Court will deliver its verdict on Thursday on whether British lawmakers, rather than the government, must trigger the formal process of leaving the European Union, a decision that could affect the circumstances of Britain's exit.
The court heard a challenge last month from campaigners who argued Prime Minister Theresa May and her ministers do not have the authority to invoke Article 50 of the EU Lisbon Treaty, the mechanism by which a nation can leave the bloc, without the explicit backing of parliament.
If the challengers win their legal fight, lawmakers might have to vote on whether and when Article 50 should be triggered, which could lead to delays or even, in theory, block Brexit altogether.
May has said she will invoke Article 50 by the end of March next year, starting a two-year divorce procedure from the bloc. Sterling plunged in the wake of her announcement, shedding about 5 percent against the dollar and hitting its lowest levels in over three decades.
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Read more: http://www.reuters.com/article/us-britain-eu-article-idUSKBN12X1EM