> The decision to close the markets and offer traders compensation was made by the Corporation's Court of Common Council.
> The Corporation will now have to file a Private Bill in Parliament as it seeks to absolve itself of the legal responsibility of running the markets.
The Corporation in this case is the Corporation of the City of London, which is the local government authority for the City of London, which is only the part of London that is within the walls of Roman Londinium. The Parliamentary Bill may very well not pass, in which case the Corporation may be in something of a pickle.
Why meet your legal obligations if you have a chance of deleting the obligations instead? Absolute chancers.
Why stop there? Why not revoke the City’s charter altogether?
The City of London isn't legally reliant on a charter. It draws existence from 'Time Immemorial'.
Specifically it exists because it existed before 1189
> The Parliamentary Bill may very well not pass, in which case the Corporation may be in something of a pickle.
I think it's highly unlikely that it would fail.
> the local government authority for the City of London, which is only the part of London that is within the walls of Roman Londinium
Also known as the most efficient and high volume money laundering machine ever devised by man. Do a deep dive into russian oligarch money and the City of London, from reputable journalism sources, and you won't like what you find.
https://www.newyorker.com/magazine/2022/03/28/how-putins-oli...
https://www.theguardian.com/world/article/2024/may/14/nearly...
https://www.economist.com/the-economist-explains/2022/02/04/...
The City of London (aka the Square Mile) is literally a world unto itself. Even the Mayor of London is not the mayor of the City of London.
FTFY
> The Parliamentary Bill may very well not pass, in which case the Corporation may be in something of a pickled herring.