Sarosh Zaiwalla, representing the Maduro-appointed Banco Central de Venezuela, says his clients will apply for an appeal.
UK-RECOGNIZED PRESIDENT. In this file photo, Juan Guaido, acting President of Venezuela, speaks at an event on February 1, 2020 in Miami, Florida. File photo by Saul Martinez/Getty Images/AFP
The case was brought by the Banco Central de Venezuela to release $1 billion of gold reserves to help fund the cash-strapped country's response to the coronavirus outbreak. A BCV board appointed by the government of Nicolas Maduro wants the gold released while a rival ad hoc board appointed by Guaido asked for the release to be denied.
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