The Bank of England. Photo credit: George Rex
The Bank of England did not turn to long-time adviser Freshfields Bruckhaus Deringer.
May 20, 2020 at 06:58 AM
1 minute read
Senior Reporter
Herbert Smith Freehills is advising the Bank of England in a $1 billion claim by Banco Central de Venezuela (BCV) against the decision to deny it access to Venezuelan gold reserves to combat the COVID-19 spread.
The BCV was intending to liquidate and transfer $1bn of gold to the United Nations Development Programme (UNDP), which is preparing the country for an increase in the number of COVID-19 cases.
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