On June 30, in Deutsche Bank AG v. Central Bank of Venezuela, the Court of Appeal of England and Wales handed down the latest judgment in the ongoing battle between the board of the Central Bank of Venezuela, or BCV, appointed by the former interim President of Venezuela Juan Guaidó and the BCV board appointed by Nicolás Maduro.

The case concerns the issue of who controls $1.95 billion of gold and gold-related assets of BCV held by the Bank of England and $120 million in proceeds of a gold swap contract

Originally published by Law360 - July 31, 2023.