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> 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 fi

• orra 2y ago
  Why meet your legal obligations if you have a chance of deleting the obligations instead? Absolute chancers.
  • labster 2y ago
    Why stop there? Why not revoke the City’s charter altogether?
    • philipwhiuk 2y ago
      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
      • zzbn00 2y ago
        This is a good and subtle point of law -- The City of London is a corporation "by prescription". But while it was created by neither statue nor royal charter, I doubt the parliament could not end it if it so decided....
        • surfingdino 2y ago
          That's why the City has the Remembrancer https://en.wikipedia.org/wiki/City_Remembrancer https://en.wikipedia.org/wiki/City_Remembrancer taking care of the City's business in the Parliament.
      • bradleyjg 2y ago
        The King-in-Parliament can abrogate common law.
• philipwhiuk 2y ago
  > 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.
  • moomin 2y ago
    True, but it would definitely be funny.
• walrus01 2y ago
  > 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-oligarchs-bought-london https://www.newyorker.com/magazine/2022/03/28/how-putins-oli... https://www.theguardian.com/world/article/2024/may/14/nearly-40-of-dirty-money-is-laundered-in-london-and-uk-crown-dependenies https://www.theguardian.com/world/article/2024/may/14/nearly... https://www.economist.com/the-economist-explains/2022/02/04/why-does-so-much-dodgy-russian-money-end-up-in-britain https://www.economist.com/the-economist-explains/2022/02/04/...
  • qingcharles 2y ago
    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. https://en.wikipedia.org/wiki/City_of_London https://en.wikipedia.org/wiki/City_of_London
    • cjrp 2y ago
      Separate police force too.
      • actionfromafar 2y ago
        And in elections, corporations have a vote. Corporation votes vastly outnumber human resident votes.
        • vidarh 2y ago
          Though they're outnumbered in large part because almost nobody lives in City of London.
    • vinay427 2y ago
      That seems incorrect. The mayor is the mayor of Greater London which includes the City of London, although the City also has a Lord Mayor, as London boroughs have elected or ceremonial mayors. In other words, the City has its own mayor in the sense that other parts of London have their own sub-governments, although with a few differences such as policing and city status. > The mayor is scrutinised by the London Assembly and, supported by their Mayoral Cabinet, directs the entirety of London, including the City of London (for which there is also the Lord Mayor of the City of London) https://en.wikipedia.org/wiki/Mayor_of_London https://en.wikipedia.org/wiki/Mayor_of_London > In 1965 the county was abolished and replaced by Greater London, a two-tier administrative area governed by the Greater London Council, thirty-two London boroughs, and the City of London Corporation. https://en.m.wikipedia.org/wiki/Greater_London https://en.m.wikipedia.org/wiki/Greater_London
• danans 2y ago
  FTFY > The Parliamentary Bill may very well not pass, in which case the Corporation may be in something of a pickled herring.