London Daily

Focus on the big picture.
Thursday, Jul 10, 2025

Juez respalda a Guaidó en litigio por oro venezolano

Judge backs Guaidó in litigation over Venezuelan gold

A London judge struck a blow at Venezuelan President Nicolás Maduro's attempt to recover $ 1 billion in gold deposited in Bank of England vaults, ruling that opposition leader Juan Guaidó is the one who should be recognized as the acting president of the country.
In deciding on gold ownership, the court accepts that the UK government recognizes "unequivocally" Guaidó as interim constitutional president, Judge Nigel Teare said yesterday.

The decision rejects the attempt by the executives appointed by Maduro at the Central Bank of Venezuela to access the resource.

The Central Bank of Venezuela has sued the Bank of England for access to gold, which it says is urgently needed in a joint effort with the United Nations Development Fund to combat the Covid-19 pandemic .

Gold has been in limbo since US authorities successfully urged its British counterparts last year to block Maduro's attempt to withdraw gold.

The UK government said last year that it recognizes Guaidó as interim president of Venezuela until new elections can be held reliably.

The Venezuelan bank indicated that it planned to request permission from the court to appeal the decision.

The ruling completely ignores the reality of the situation on the ground, said Sarosh Zaiwalla, a central bank lawyer. This result will further delay these efforts to the detriment of the Venezuelan people, whose lives are at risk, he continued.

In the midst of the conflict, Venezuela suffers a historical fall in its income. Venezuela's oil export terminals used to be the busiest in the western hemisphere. They are calmer now than they have been in decades.

Oil exports fell in June to levels not seen since 1944.
Newsletter

Related Articles

0:00
0:00
Close
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
×