NZSF and TDC Pension Required to Move Espirito Santo Lawsuit to Portugal
The New Zealand Superannuation Fund (NZSF), along with other institutional investors, will have to take their legal action regarding a failed Portuguese bank, Banco Espírito Santo, in Portugal rather than in the United Kingdom. Banco Espírito Santo collapsed in 2014 and was bailed out by the country’s central bank, Banco de Portugal. To get the full details on what happened and why these investors are suing, please read the previous story here.
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