In another international victory for democracy and freedom, Interim Venezuela President Juan Guaido welcomed Friday’s decision of England’s Commercial Court refusing to give recognition in the United Kingdom to decisions of the Maduro Regime’s Supreme Tribunal of Justice (STJ) declaring Guaido’s appointments to the board of the Central Bank of Venezuela and as Special Attorney General null and void.
“This decision represents another step in the process of protecting Venezuela’s international gold reserves and preserving them for the Venezuelan people and their future,” President Guaido declared.
Following a December 2021 decision of the Supreme Court of the United Kingdom confirming that the Government the United Kingdom had recognized Mr. Guaido as President and that his acts of appointment constituted official acts of state, the Commercial Court had one task – to determine whether certain STJ decisions declaring President Guaido’s acts null and void should be recognized by courts in the United Kingdom. The Court has now determined that no such recognition should be granted.
The Court found that the Regime’s STJ decisions were themselves inconsistent with the recognition of President Guaido by the United Kingdom. The Regime also ran afoul of the United Kingdom’s standards of natural justice because they were rendered in proceedings in which neither Mr. Guaido nor his appointees were notified or afforded an opportunity to present argument.
President Guaido once again expressed his gratitude to the English courts which form a bastion of the people’s liberties in a rule of law country like the United Kingdom.
President Guaido said: “Unfortunately, this type of honest and transparent judicial process does not exist in Venezuela, because the Maduro regime cares more about power and money than it does about the people of Venezuela. We are grateful that the United Kingdom reminds us and the world of what is possible in a Democracy that respects the Rule of Law”.
President Guaido went on to say: “The men, women and children of Venezuela are proud of the courage, resolve and professionalism of the Attorney General, the Board of the BCV and our Legal Team demonstrated in this victory for future generations.”
President Guaido recognized that the Maduro side will likely seek to appeal the English decision but expressed full confidence that the appointments of his personnel will be confirmed.
All Venezuelans can be proud of the transparent work performed each day by the five members of the Board of the BCV appointed by President Guaido, two of whom once managed Venezuela’s foreign reserves, including gold, and other members with financial supervisory and risk management experience, who continually publish the BCV’s accounts, work under the vigorous oversight of the Venezuelan Comptroller and present reports to the National Assembly. You can read more about the BCV at https://www.bcvadhoc.com/.