On 15 January 2019, the U.K. Parliament overwhelmingly rejected, by a margin of 230 votes, the proposed withdrawal agreement with the EU put forward by Prime Minister Theresa May. Rejection of the withdrawal agreement does...more
RBS has agreed to pay $85 million to the CFTC to resolve allegations that its traders “manipulated the ISDAfix benchmark rate over a period of five years to benefit the bank’s derivatives positions”....more
Financial Industry Developments - 2016 Data Breach Legislation Roundup: What to Know Going Forward - States were busy updating their data breach notification statutes in 2016. With 2016 in the rear view, let's take...more
On 26 January 2017, the Government published its European Union (Notification of Withdrawal) Bill (the "Bill") to empower the Prime Minister to notify the EU, under Article 50 of the Treaty on the European Union, of the...more
The Supreme Court has spoken - .. On 24 January 2017, the Supreme Court, the UK’s highest court, ruled that Parliament must be consulted before Article 50 is triggered. Article 50 is the provision of the Treaty of the...more
On 24 January 2017, the Supreme Court handed down its highly anticipated judgment in Miller v Secretary of State for Exiting the EU. The Claimants argued that an Act of Parliament was required to authorise the triggering...more
In its widely anticipated judgment in R (Miller and another) v. Secretary of State for Exiting the EU, the UK Supreme Court confirmed on 24 January, by an 8 to 3 majority, that the British government is prevented from...more
The Supreme Court, the UK’s highest court, has today handed down its judgment that the outcome of the Brexit referendum does not give the government the unilateral right to trigger the process for the UK to leave the European...more
The UK Supreme Court rules that the Government cannot trigger Article 50 without a vote in Parliament. Following the June 2016 referendum, the UK Government proposed to use its prerogative powers to withdraw from the EU...more
The UK Supreme Court (the “Court”) in its most important and far reaching judgment to date decided that the UK Government has to seek the approval of the UK Parliament before issuing an Article 50 notice to begin the process...more
The Supreme Court of the United Kingdom by a majority of 8 to 3 has today confirmed that triggering the exit procedure from the European Union requires an Act of Parliament. As such the Supreme Court disagreed with the...more
For those who have been listening carefully to the UK Government in recent months, today's speech by Prime Minister Theresa May will be a confirmation that the UK Government has recognised the logical consequences of the...more
Should Parliament have a say over whether Britain could remain in the European Economic Area? Introduction - The UK Government faces yet another challenge over its determination to take the UK out of the EU and the...more
While the dust was still settling on the United Kingdom’s June referendum to leave the European Union, the “Remain” campaign scored a major win in the English High Court of Justice on Thursday, Nov. 3, 2016. This decision...more
Earlier today, the High Court of Justice ruled that the U.K. government does not have the constitutional capacity to trigger the U.K.'s withdrawal from the European Union without further primary legislation being passed. This...more