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British justice ruled today in favor of opposition leader Juan Guaidó, recognized by the United Kingdom as interim president of Venezuela, in the case in which he faces the government of Nicolás Maduro to access 31 tons of gold, valued at about 1,900 million of dollars and guarded in the vaults of the Bank of England. Another hearing will determine whether Guaidó can access these reserves.
The Venezuelan gold deposited in the Bank of England was not released, but the board of the Central Bank of Venezuela (BCV) appointed by Juan Guaidó when he proclaimed himself interim president was legitimized.
This Friday, July 29, Sara Cockerill of the London High Court ruled in favor of the Venezuelan opposition leader, after four days of trial. Cockerill dismissed the Venezuelan Supreme Court rulings invalidating Guaidó’s appointments to the ad hoc board, saying they simply had “no legal basis” in the UK.
The British Supreme Court had requested last December to determine whether the decision of the Venezuelan Supreme Court effectively annulled those appointments.
The British government considers Guaidó the only legitimate president of Venezuela, albeit interim. Recognizing Nicolás Maduro would have, according to the judge, “come into conflict” with the One Voice doctrine.
Venezuela:
I can confirm that the gold of the country that is in England will continue to be protected from the clutches of the dictatorship.
The gold belongs to the Venezuelans, not to Maduro. The opportunities and the future of our nation will have resources that will be at the service of the people. https://t.co/zLIRBmKJ4Z
– Juan Guaidó (@jguaido) July 29, 2022
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Maduro had also appointed a board of the BCV, but the Guaidó board asked the Bank of England not to deliver the bullion.
The legal representative of the Maduro government, Sarosh Zaiwalla, indicated that he wanted to appeal.
New hearings are expected in the coming months, especially since Judge Sara Cockerill did not decide to hand over the gold bars to Juan Guaidó’s board.
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