- Write by:
-
Thursday, July 14, 2022 - 15:07:07
-
777 Visit
-
Print
Mining News Pro - A London court is finally set to decide who controls more than $1 billion of Venezuelan gold stored in the Bank of England’s vaults.
Opposition leader Juan Guaido, who’s won a series of legal clashes in the UK, is pushing for a judge to assert his right to control the bullion, saying London courts can disregard decisions taken by Venezuelan judges. The trial comes after the British government recognized Guaido as the Venezuelan president.
Maduro’s lawyers meanwhile say the judge needs to take into account the rulings from Venezuelan courts regarding Guaido’s appointments to the nation’s central bank, saying she “should not sit in judgment on what a foreign court has decided.”
The long-running London litigation has been one of the few bright spots for Guaido, who’s seen his support falter as President Maduro continues to hold on to power. His lawyers said Wednesday the Venezuelan courts demonstrated “systemic partiality and lack of independence.”
Maduro’s attorneys insisted that if the London court recognized Venezuelan decisions, the gold reserves can be used to assist with the nation’s Covid-19 relief efforts. Guaido’s camp claimed it will be used for future generations of Venezuelans.
The ruling is expected after a hearing that’s set to run four days.
Short Link:
https://www.miningnews.ir/En/News/621745
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
No comments have been posted yet ...