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European Commission President Jean-Claude Juncker said Wednesday that "the risk of a 'no deal' remains very real,” after U.K. Prime Minster Boris Johnson told him earlier this week that Brexit will happen next month whether or not an agreement has been reached. (AP)

EU Says No-Deal Brexit Risk 'Very Real' As Time Runs Out

A U.K. departure from the European Union on Oct. 31 without a deal or transition period is now "very real" in the absence of any new British proposals that would get ratified in Parliament, the European Commission president warned Wednesday.

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Fraudster Gets Over 9 Years After 15 Years On The Run

A serial "phoenix" fraudster who spent 15 years on the run was jailed for over nine years following an enforcement hearing at Leeds Magistrates’ Court in northern England on Wednesday, the Serious Fraud Office said.

'Political' Shutdown Not A Matter For Judges, UK Court Told

Prime Minister Boris Johnson’s decision to suspend Parliament is a political issue that cannot be decided by the courts, a lawyer for Britain’s premier said Wednesday, telling the U.K. Supreme Court it would be “constitutionally inappropriate” to intervene.

Lloyds Bank Seeks Court OK To Fix Costly Pension Plan Error

Lloyds Bank PLC is seeking a quick win in London court on litigation it filed seeking permission to add a sentence to an employee pension plan agreement that it says was inadvertently left out and could ultimately cost the bank more than £25 million.

Electoral Commission Wins Brexit Referendum Donation Row

An appeals court ruled Tuesday that the U.K.'s elections watchdog hadn't misinterpreted the law when it allowed the Vote Leave campaign to make donations to a smaller group before the 2016 Brexit referendum, clarifying the U.K.'s rules on political campaign expenses.

EU Clears $21.5B Merger Of US Digital Payments Cos.

The European Commission on Tuesday cleared a $21.5 billion merger between online U.S. payment providers Global Payments and Total System Services, saying the deal will not raise antitrust issues in the European market.

PM Shut Down Parliament To ‘Silence’ MPs, UK Court Hears

British Prime Minister Boris Johnson shut down Parliament as a “preemptive strike” intended to “silence” lawmakers trying to block his Brexit plans, a campaigner told the U.K. Supreme Court Tuesday at the start of one of the most important constitutional cases in the country’s history.

Swedbank Lets Watchdog Quiz Internal AML Probe Lawyer

Swedbank said Tuesday it has agreed to waive attorney-client privilege to allow Swedish prosecutors to interview the outside counsel who investigated allegations of money laundering at the bank.

UK Supreme Court Showdown Goes Further Than Brexit

Eleven of the most senior judges in Britain will be asked to decide Tuesday whether Prime Minister Boris Johnson’s decision to shut Parliament in the run-up to Brexit was lawful, in a case that goes to the heart of the country’s unwritten constitution.

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