Maduro Government Wins U.K. Appeal Over Venezuelan Gold (Bloomberg)

A British appeals court ruled in favor of the Venezuelan government of Nicolas Maduro, and said the legal fight over the future of $1 billion in gold stored in the vaults of the Bank of England should be reconsidered.

The judges Monday reversed a lower court ruling that the U.K. had unequivocally recognized opposition leader Juan Guaido as interim president. The government’s statements on Guaido may not have reflected the reality on the ground, the justices led by Judge Stephen Males said.