Oak Finance information

In February 2015 the Fund announced that it was one of a number of lenders taking legal action against the Bank of Portugal and Novo Banco.

19 February 2015	Media Statement: New Zealand Superannuation Fund to take legal action over Oak Finance loan Media Statement in Portuguese: New Zealand Superannuation Fund pretende agir judicialmente relativamente ao empréstimo da Oak Finance Media Backgrounder Media FAQ Media Timeline
27 February 2015	Media Statement: NZ Super Fund files English legal proceedings in Oak Finance matter - proceedings against Novo Banco Media Statement by Oak Finance Investors Particulars of Claim Claim Form
14 April 2015	Media Statement: NZ Super Fund files Portuguese legal proceedings in Oak Finance matter - proceedings against the Bank of Portugal
10 August 2015	UK Commercial Court - Jurisdiction Hearing Judgement UK Commercial Court - Reasons for allowing or refusing permission to appeal
August 2015	Clifford Chance Client Briefing
November 2016	England and Wales Court of Appeal (Civil Division): Jurisdiction Appeal Judgement
May 2017	NZSF confirms it has received leave to appeal to the English Supreme Court and is coordinating with the other Oak Finance investors in this regard.
Ongoing	Media Coverage of the Oak Finance matter

Please note that further comments to the media about this matter will be limited due to the legal proceedings.