London's High Court has ruled in favor of Venezuelan opposition leader Juan Guaidó in a battle for the control of gold reserves worth almost $2 billion held in the Bank of England, in a blow to Venezuela's authoritarian President, Nicolas Maduro
After a four-day trial, the court ruled that the British government recognizes Guaidó as interim President of Venezuela, and control of the gold should fall to a board of advisers named by the Venezuelan opposition, and not to an alternative board named by Maduro, according to a copy of the ruling published on Friday.
Guaidó sought control of Venezuelan assets abroad, including sovereign funds held in the Bank of England, a move disputed by the Maduro government in court.US to ease some energy sanctions on VenezuelaRead MoreThe ruling represents a significant victory for Guaidó, who has seen support for his leadership among the Venezuelan opposition eroded in recent years.
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