Britain could exit EU without paying: Experts

Over three years after British Prime Minister David Cameron had unveiled his strategy to hold the Brexit referendum, a majority of Britons voted to leave the EU.

Cameron, who urged voters to vote for the 'remain' camp, announced his resignation after vote.

He said he would help "steady the ship" in the coming weeks and months; he added he would leave office in Oct'16.

Britain's new PM Theresa May is expected to invoke Article 50 and start the official process of leaving the EU.

However, "at least seven lawsuits" want the courts to force the the legislators vote and decide "when, how and whether to leave the EU".

Gina Miller filed a case as lead challenger to the 'Brexit' process in the courts seeking a parliamentary vote.

Article 50 is a clause in the Lisbon treaty that fixes the legal method for a country leaving the European Union.

After the declaration, within 2 years negotiations must be concluded.

During the process, UK continues as an EU member but if discussions are not settled after two years, and not continued, Britain returns to world trade organization terms, needing tariffs to be imposed.

Gina Miller's case against moving article 50 was moved quickly to the Supreme Court after being considered a case "of such constitutional importance".

The 2-day hearing will start on October 15 and Gina Miller will be the lead claimant.

Hairdresser Deir Dos Santos, an organization of unnamed U.K. citizens residing in France and other expatriates, will be a part of the proceedings.

According to Miller, the people of England were misled into voting to leave the European Union without understanding that there was "no credible plan for an exit".

The case is against Prime Minister Theresa May deciding to leave EU.

Instead, it wants the parliament to decide when, how and whether to move away from the EU rather than the PM taking this decision.

Gina Miller, a London-based investment manager has taken up a historic case in the UK supreme court.

She has argued that the PM should not be able to use royal privilege to entreat Article 50 (leading to leaving the European Union).

Instead, the PM should be constitutionally obliged to obtain parliamentary consent before initiating Britain's exit from the 28-nation bloc.

The lawyer behind the crowdfunded legal challenge to reverse Britain's divorce from the European Union said the case will be launched in Dublin by the end of January.

British PM Theresa May, however, said that she will entreat the Article 50 of the EU's Lisbon Treaty by the end of March which will start the formal divorce talks.

The Lords EU Financial Affairs Committee stated that Britain could exit the EU without paying any money if the two-year Article 50 talks ended with no deal.

However, they added that this situation could make it harder for Britain to gain access to EU markets in the future.

Sources said the EU may demand a "divorce bill" of up to €60 billion.