NZSF Files Portuguese Legal Proceedings Regarding Oak Finance Investment

Posted on 04/14/2015


The New Zealand Superannuation Fund (NZSF) announced it has filed legal proceedings in Portuguese courts against the Bank of Portugal – the country’s central bank. The sovereign fund is trying to recover US$ 150 million. According to a press release, the proceedings “challenge the validity of a Bank of Portugal decision which purported to ‘clarify’ […]