Bank of England – Summaries of news and views OnVenezuela https://onvenezuela.com Fri, 23 Oct 2020 14:15:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Bank of England – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Guaido’s Bank Board Fails to Pay for Appeal Costs in Venezuelan Gold Case, Lawyer Firm Says https://onvenezuela.com/guaidos-bank-board-fails-to-pay-for-appeal-costs-in-venezuelan-gold-case-lawyer-firm-says/?utm_source=rss&utm_medium=rss&utm_campaign=guaidos-bank-board-fails-to-pay-for-appeal-costs-in-venezuelan-gold-case-lawyer-firm-says Fri, 23 Oct 2020 13:12:00 +0000 https://onvenezuela.com/?p=6215

The Venezuelan Central Bank (BCV) Board appointed by self-proclaimed president Juan Guaido in the litigation over Venezuela’s gold reserves stored at the Bank of England has failed to comply with a payment ordered by the UK Court of Appeals, the legal firm representing the Venezuelan constitutional government said on Thursday. Full Text -> Sputnik

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English Court of Appeal Overturns Decision that Guaidó Appointed Central Bank of Venezuela Board Controls Gold Reserves in England https://onvenezuela.com/english-court-of-appeal-overturns-decision-that-guaido-appointed-central-bank-of-venezuela-board-controls-gold-reserves-in-england/?utm_source=rss&utm_medium=rss&utm_campaign=english-court-of-appeal-overturns-decision-that-guaido-appointed-central-bank-of-venezuela-board-controls-gold-reserves-in-england Wed, 21 Oct 2020 13:20:28 +0000 https://onvenezuela.com/?p=6160

The decision confirms that the UK government can recognise one person as de jure head of state of a foreign state and implicitly recognise another person as the de facto head of state. By Charles Claypoole, Isuru Devendra

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The High Court should not give up Venezuela’s gold https://onvenezuela.com/the-high-court-should-not-give-up-venezuelas-gold/?utm_source=rss&utm_medium=rss&utm_campaign=the-high-court-should-not-give-up-venezuelas-gold Thu, 08 Oct 2020 12:13:45 +0000 https://onvenezuela.com/?p=5973

Britain’s judicial system may be about to give $1 billion (£770 million) to one of the world’s most notorious dictators. Nicolás Maduro, the Venezuelan strongman, wants access to gold reserves held by the Bank of England. The leader, internationally condemned for chronic mismanagement of the economy and facilitating vast corruption, says he’ll use the funds to fight the coronavirus. By Daniel Rey. Full Text-> TheSpectator

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Venezuela gold: Maduro government wins in UK appeals court https://onvenezuela.com/venezuela-gold-maduro-government-wins-in-uk-appeals-court/?utm_source=rss&utm_medium=rss&utm_campaign=venezuela-gold-maduro-government-wins-in-uk-appeals-court Tue, 06 Oct 2020 14:00:29 +0000 https://onvenezuela.com/?p=5940

Judge Stephen Males on Monday set aside the judgement by the High Court in July which had ruled that the UK had “unequivocally recognised opposition leader Juan Guaidó as president”, rather than President Nicolás Maduro. Full Text-> BBCNews

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UK Court of Appeal overturns judgment in Venezuela gold case https://onvenezuela.com/uk-court-of-appeal-overturns-judgment-in-venezuela-gold-case/?utm_source=rss&utm_medium=rss&utm_campaign=uk-court-of-appeal-overturns-judgment-in-venezuela-gold-case Mon, 05 Oct 2020 12:29:15 +0000 https://onvenezuela.com/?p=5907

The Court of Appeal granted the Nicolas Maduro-backed Banco Central de Venezuela’s appeal and set aside July’s High Court judgement which had found that the UK Government’s recognition of opposition leader Juan Guaidó as “constitutional interim President of Venezuela” was conclusive. Full Text -> The Mighty 790 KFGO

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Venezuela goes to court over £800m of gold held by Bank of England https://onvenezuela.com/venezuela-goes-to-court-over-800m-of-gold-held-by-bank-of-england/?utm_source=rss&utm_medium=rss&utm_campaign=venezuela-goes-to-court-over-800m-of-gold-held-by-bank-of-england Tue, 22 Sep 2020 14:57:00 +0000 https://onvenezuela.com/?p=5703

Nearly a billion pounds’ worth of Venezuela’s gold being held by the Bank of England will be the subject of a landmark legal case over who the UK government recognises as the country’s leader. By Russell Hope. Full Text-> SkyNews

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UK Court Of Appeal To Hear Venezuelan Gold Case From September 22-24 – Lawyers https://onvenezuela.com/uk-court-of-appeal-to-hear-venezuelan-gold-case-from-september-22-24-lawyers/?utm_source=rss&utm_medium=rss&utm_campaign=uk-court-of-appeal-to-hear-venezuelan-gold-case-from-september-22-24-lawyers Fri, 18 Sep 2020 11:51:33 +0000 https://onvenezuela.com/?p=5633

The UK Court of Appeal will hear Venezuela’s Central Bank’s case against the Bank of England, which holds the country’s gold, from September 22-24, lawyers who represent Venezuela told Sputnik on Thursday. By Muhammad Irfan. Full Text-> UrduPoint

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UK ‘unequivocally recognises’ Venezuela’s Maduro government, High Court told https://onvenezuela.com/uk-unequivocally-recognises-venezuelas-maduro-government-high-court-told/?utm_source=rss&utm_medium=rss&utm_campaign=uk-unequivocally-recognises-venezuelas-maduro-government-high-court-told Mon, 22 Jun 2020 13:59:25 +0000 https://onvenezuela.com/?p=4025

Mr Vineall said the UK Government “does not approve of the Maduro government” but that it “continues to recognise the Maduro government”, sending an ambassador to Venezuela and receiving Mr Maduro’s representative. He added: “Recognition of a government has nothing to do with approval or the legitimacy of that government. Full Text-> EveningPress

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UK would ‘finance torture’ by giving gold to Venezuela, warns Guaidó https://onvenezuela.com/uk-would-finance-torture-by-giving-gold-to-venezuela-warns-guaido/?utm_source=rss&utm_medium=rss&utm_campaign=uk-would-finance-torture-by-giving-gold-to-venezuela-warns-guaido Sun, 31 May 2020 12:56:21 +0000 https://onvenezuela.com/?p=3579

The Bank of England would effectively be “financing torture” if President Nicolás Maduro were to win a British court case ordering it to hand $1bn of Venezuelan gold in its vaults to his regime, opposition leader Juan Guaidó has warned. The legal battle comes as Venezuela grapples with widespread shortages of food, water and fuel as well as coronavirus and choking US sanctions. Desperately short of hard currency, the Maduro regime is trying to unblock frozen Venezuelan assets across Europe. By Michael Stott and Gideon Long. Full Text -> Yahoo!News

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Guaido Wants Role in BOE Spat Over $1 Billion in Venezuelan Gold https://onvenezuela.com/guaido-wants-role-in-boe-spat-over-1-billion-in-venezuelan-gold/?utm_source=rss&utm_medium=rss&utm_campaign=guaido-wants-role-in-boe-spat-over-1-billion-in-venezuelan-gold Fri, 22 May 2020 13:47:22 +0000 https://onvenezuela.com/?p=3390

At a remote hearing Thursday in London, a lawyer acting for the Venezuelan government-appointed central bank said the BOE wanted to postpone the proceedings “to permit Mr. Guaido to intervene and to lay claim to the central bank’s gold.” The Venezuelan bank asked the BOE to liquidate the gold and send the funds to the United Nations Development Programme (UNDP), which is working with the country to prepare for an increase in Covid-19 cases. By Jonathan Browning. Full Text -> Bloomberg

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