Sat, May 28, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Super Fund confirms Portugal bank legal case

Posted on 27 February 2015

The New Zealand Superannuation Fund has confirmed this morning that it has filed debt recovery proceedings in the English courts against the Portugese bank Novo Banco. It added that Oak Finance investors “would also shortly be filing public law proceedings in Portugal against the Bank of Portugal, challenging the validity of the Bank’s decision purporting to retransfer the Oak Finance loan, with retroactive effect, from Novo Banco to Banco Espirito Santo.”
Its litigation against the Portuguese central bank, the Bank of Portugal, could end up before the European Court of Justice, said the fund’s chief executive, Adrian Orr………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031