ARTICLE · 06 FEBRUARY 2017

The Offshore Funds Blog: Brexit Rollercoaster Ride Continues

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The political and economic rollercoaster ride we've been on here in the UK since the EU referendum in June seems set to continue following Thursday's High Court judgment in London

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This post was originally published on The Offshore Funds Blog, which aims to demystify hedge funds. Click here to subscribe to the blog or read the original post.

The political and economic rollercoaster ride we've been on here in the UK since the EU referendum in June seems set to continue following Thursday's High Court judgment in London¹. The High Court held that the UK government doesn't have the power to give notice to withdraw from the European Union under Article 50 of the Lisbon Treaty. Only parliament has the power to change domestic law in the UK and, as serving notice to leave the EU will affect rights under domestic UK law, the government can't serve notice without parliament's approval.

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