UK court calls Bank of England’s bluff over Guaidó vs Maduro

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A judge rules that the UK recognises Guaidó as Venezuela’s president, scuppering Maduro’s plans to get $1bn in gold reserves from the bank

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London —

The BOA said it was unable to act on the instructions because it was “caught in the middle” of competing claims for the presidency after disputed elections in 2018.s Maduro, successor to the late anti-US populist Hugo Chavez.Commercial court judge Nigel Teare was asked to decide who had the authority to make the demand — Guaidó or Maduro.

Maduro’s claim on the presidency is mainly supported by Russia and Cuba. Guaidó’s January 2019 claim to the presidency was backed by the US and about 60 other countries. But the opposition movement has been riven by internal conflicts and Maduro’s grip on power has held.

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