Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Brexit Series: UK fails to block Brexit case hearing at ECJ

More drama over Brexit. Now, the question that is being asked is whether the United Kingdom can apparently leave the European Union by unilaterally triggering the Article 50 exit clause of the EU treaty.

Background:

In the aftermath of the Brexit referendum of 2016, since the majority of the people of Scotland voted in favor of staying in the European Union. The case was brought by Andy Wightman, a Scottish politician and the case was referred to in September, to the highest court of the European Union, the European Court of Justice (ECJ).

The UK government filed against a hearing at the ECJ since it is expected that ECJ will have no superiority over UK laws or oversight after Brexit, at the Supreme Court of the UK. After the filing by the government last week, today the Supreme Court announced that it is refusing to hear the government’s case for appeal against the Scottish Court’s decision of a hearing at the ECJ.

What now?

The decision by the Supreme Court has now added a legal aspect to the ongoing Brexit volatility.

We believe that ECJ is unlikely to decide against the Brexit but it certainly adds the possibility of additional volatility over legal commentaries, and also increases the probability of a second referendum.

The case will be heard at ECJ on 27th November. So, mark your calendars.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.