Guaido’s Team Urged to Comply With UK Court Order in Venezuelan Gold Litigation, Lawyers Say

Guaido’s Team Urged to Comply With UK Court Order in Venezuelan Gold Litigation, Lawyers Say

LONDON – The UK judge presiding over the case of the Venezuelan gold in the Bank of England urged the legal team representing Venezuela’s self-proclaimed president Juan Guaido to find “better excuses” for its failure to comply with a UK court order to pay for the legal costs of the appeal it lost in October.

This is according to a statement by Venezuela Central Bank (BCV) lawyers, which was obtained by Sputnik.

According to the London-based legal firm Zaiwalla & Co., Guaido’s lawyers sought to argue during an administrative hearing held on Thursday at the London Commercial High Court that they were unable to produce the £400.000 ($529.000) required because of the sanctions in place against Venezuela by the United States.