October 2020International NewsAmericas2020Europe

Maduro Wins Venezuelan Gold Lawsuit

On Monday, October 5, Nicolas Maduro’s Venezuelan government won its appeal in a lawsuit filed against the Bank of England concerning access to more than $1 billion in gold bullion. With this judgement, the England and Wales Court of Appeal has reversed a lower court’s decision to block Maduro’s government from accessing its gold bullion reserves housed at the Bank of England. The BBC reports that while this is an auspicious turn of events for the Maduro government, the verdict will only grant access to the bullion pending another review of the case.

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