UK Court of Appeals Overturns London High Court Decision on Venezuelan Gold, Lawyer Says | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

UK Court of Appeals Overturns London High Court Decision on Venezuelan Gold, Lawyer Says

Since Juan Guaido declared himself acting president of Venezuela in January 2019 instead of elected head of state Nicolás Maduro, the Bank of England has expressed uncertainty over the fate of the gold reserves stored in its vaults and who should be entitled to them.

The Venezuelan Central Bank (BCV) has won the first round of appeals against a ruling by the High Court of England and Wales, a lawyer revealed.

The UK High Court earlier recognised opposition politician Juan Guaido as "interim president" of Venezuela and gave him the right to access the country's gold reserves. Now, the UK Court of Appeals has rejected this position and ordered a detailed judicial review of the dispute.

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