The Court of Appeal of London, in the United Kingdom, concluded the process in which the BCV appealed a decision of the British Justice on the gold deposited in the Bank of England, where the interim and the Assembly were right National of 2015 but nothing was said about its control
The London Court of Appeals will announce its ruling on Venezuelan gold in the coming weeks, after this Wednesday, May 24, it concluded the appeal process by the Central Bank of Venezuela related to the administration of Nicolás Maduro to a ruling that had given control of the bullion in the Bank of England to the BCV board ad hoc appointed by the National Assembly elected in 2015.
The three judges of this legislative body indicated that they will announce their decision soon, although they did not give a specific date for it. But he clarifies that first they will do it in private to the parties in dispute, who finished their arguments this Wednesday.
For the BCV board, chaired by Calixto Ortega, the judge Sarah Cockerill He was wrong to conclude that he could not give effect, based on English law, to some rulings of the Venezuelan Supreme Court of Justice (TSJ) that annulled the appointments of the then opposition leader to his board.
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That refers to the ‘one voice’ principle, where UK foreign policy must follow the London position; which in 2019 recognized Juan Guaidó as interim president of Venezuela and the National Assembly in 2015.
And on this argument, the opinion of the Vice Minister of Anti-Blockade Policies, William Castilloin which he states that London respects the decision of the National Assembly (AN) in 2015 to dissolve the interim government, but does not clarify who the Government of London recognizes as the legal representative of Venezuela.
For his part, the lawyer for Guaidó’s “ad hoc” board, Andrew Fulton, rejected this argument and maintains that Cockerill’s opinion “is not affected in any way by the political events in Venezuela” and urged the magistrates to stick to the situation that existed when it was issued.
In his documents presented to the court, this lawyer explains that, regardless of Guaidó’s dismissal, the “ad hoc” board remains “and continues to want to represent the BCV in this jurisdiction” to claim the gold.
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Fulton stresses that although the United Kingdom no longer recognizes Guaidó, it also does not accept Nicolás Maduro as legitimate president.
When the result of this appeal is published and regardless of whether it is favorable or not, the administration of Nicolás Maduro plans to file a new lawsuit before the commercial room to decide who can access the reserves now that London no longer recognizes Guaidó, A source from the legal team told EFE.
At the same time, the “ad hoc” board of the BCV demands that Maduro pay legal costs (for a lawsuit he lost) for about 2 million pounds (2.3 million euros), although the lawyers for the official side allege that the money that the opposition invested was not theirs but belonged to Venezuela.
With information from EFE
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