U.K. Court to Hear Brexit Case in October
A U.K. hearing scheduled for October will consider if Brexit can happen without parliamentary approval. The U.K.’s June 23 vote to leave the union has led to confusion and much speculation in the payments world, as the industry wonders about such issues as licenses and passporting, along with other financial services regulations.
The country’s High Court of Justice will hold the hearing about whether the U.K.’s exit from the European Union can start via what’s called Royal Prerogative powers, which would enable newly installed Prime Minister Theresa May to bypass Parliamentary approval to leave the EU, according to the BBC and other sources. The court has yet to announce exact dates for the hearings.
Government lawyers reportedly have told the High Court that the formal Brexit withdrawal process will not happen before the end of 2016, according to the BBC and other outlets.