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Commodities in Focus Weekly - Does an instruction to issue delivery orders constitute conversion?
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In the recent judgment, Deutsche Bank AG, London Branch v Receivers Appointed by the Court (Receivers) v Central Bank of Venezuela [2023] EWHC 1942 (Comm), the Court held that state immunity did not apply and permitted payments to be made to Deutsche Bank AG out of funds held by receivers on behalf of the Central Bank of Venezuela.
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