“Maduro Board” of the Central Bank of Venez. v “Guaidó Board” of the Central Bank of Venez. (UKSC)

On December 20, 2021, the U.K. Supreme Court (the Supreme Court) delivered a unanimous decision in the highly publicized Maduro Board v. Guaidó Board litigation. The decision partially overturned that of the England and Wales Court of Appeal (Civil Division) and is an important decision on both issues raised in the case: the recognition of governments and the “Act of State” doctrine. The first of those is examined in more detail in this note.