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Super Fund fails in appeal over $200m loan to failed Portuguese bank

Did Goldman Sachs own more than 2% of Banco Espirito Santo?

Jenny Ruth
Thu, 05 Jul 2018

The New Zealand Superannuation Fund has lost its appeal to Britain’s Supreme Court over which jurisdiction will hear its claim over a $200 million loan to a since failed Portuguese bank.

The dispute hinges on whether the loan, part of a $US835m facility arranged by Goldman Sachs in June 2014

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Jenny Ruth
Thu, 05 Jul 2018
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Super Fund fails in appeal over $200m loan to failed Portuguese bank
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