UK court recognises Venezuelan opposition central bank board

UK supreme court
UK Supreme Court
Cary Bass-Deschenes

The UK Supreme Court ruled on December 20 that UK law recognises the opposition-appointed board of the Central Bank of Venezuela (BCV). The ruling gives that entity control of more than $2 billion in assets under UK jurisdiction.

Two officials have claimed to be the lawful president of Venezuela since early 2019. Nicolás Maduro, who has de facto control over the country and its military, argues that voters elected him to his current term in 2018.

Juan Guaidó, president of the National Assembly

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