UK Supreme Court to analyze Venezuela gold case in July

The Supreme Court of the United Kingdom, the highest court in the country, will analyze between July 19 and 21 the case of access to gold in Venezuela deposited with the Bank of England, who demand so much from the Administration of Nicolás Maduro like the opposition team Juan Guaidó.

The board of directors of the Central Bank of Venezuela (BCV) appointed by Maduro, chaired by Calixto Ortega, wants to sell close to 1 billion euros of these assets to transfer them to the UN to buy anti-pandemic equipment, they said, something that the bow contrary to Chavismo is suspicious of.

So that British justice can determine who has authority over the 31 gold bars, valued at around 1,600 million euros ($ 1.95 billion), must first decide who the government of London recognizes as head of state in VenezuelaYes to Maduro, who controls Venezuelan institutions and with whom he maintains diplomatic relations, or to the leader of the opposition, who, like other countries, recognized as interim president.

Supreme Court to consider appeal filed by BCV board appointed by Guaidó in July, which requests the cancellation an unfavorable judgment rendered on October 5 by the Court of Appeal.

This court rejected that the British government recognize the leader of the opposition in a “unmistakable“As president of Venezuela for all intents and purposes in a statement of February 4, 2019, where he considered him”interim constitutional president“Until legitimate elections are held.

The Court of Appeal thus invalidated a notice of July 2, 2020 from the Superior Court, who granted Juan Guaidó’s “ad hoc” advice the authority over assets deposited in England.

The Supreme Court, before which lawyers for the British executive will appear for the first time in this case, is expected to deliver its decision several days after the hearings, after which the process will return to the Commercial Division of the Superior Court.

Between July 19 and 21, the lawyers of the board of directors of Maduro BCV, of the law firm Zaiwalla & Co, will present their arguments; the representatives of the “ad hoc” council appointed by Guaidó, of the law firm Arnold & Porter; and lawyers from the UK Foreign Office.

(With information from EFE)

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