Overturning of an earlier ruling was misplaced as the government recognises interim president, top court rules
Juan Guaido speaks during a gathering with health workers in Caracas, Venezuela. Picture: MANAURE QUINTERO/REUTERS
The tug-of-war over the gold has centred on the issue of whether the British government recognises Guaido as Venezuela’s head of state. The Maduro and Guaido camps have each appointed a different board to the Central Bank of Venezuela and the two have issued conflicting instructions concerning the gold reserves and a similar sum held by Deutsche Bank.
In a press release, the Supreme Court said British courts were bound to accept that the British government does not recognise Maduro as Venezuela’s president “for any purpose”. Maduro’s BCV sued the Bank of England in May 2020 to recover control of the gold, which it says it will sell to finance Venezuela’s response to the coronavirus pandemic and bolster a health system gutted by years of economic crisis.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
France bans non-essential travel to and from UKTravellers will need 'an essential reason to travel to, or come from, the UK, both for the unvaccinated and vaccinated'.
Read more »
UK firms face Great Resignation amid high burnout ratesVoluntary departures between April and December were higher than in the same period in 2019, according to a survey
Read more »
Gold near three-week high on safe-haven appealRapidly spreading Omicron coronavirus variant is boosting gold's safe-haven appeal
Read more »
AfriForum to oppose Zuma's medical parole ruling appealAfriForum says its legal team will state reasons as to why Zuma's attempt to appeal the court's ruling is 'simply a waste of the court's time'.
Read more »
Blanket manufacturer and supplier did not collude on price-fixing, court findsThe competition appeal court has found that a blanket manufacturer that won a lucrative government tender did not collude with a supplier on price-fixing.
Read more »
Blanket manufacturer and supplier did not collude on price-fixing, court findsThe competition appeal court has found that a blanket manufacturer that won a lucrative government tender did not collude with a supplier on price-fixing.
Read more »