Goldman Sachs International v Novo Banco SA; Guardians of New Zealand Superannuation as manager and administrator of the New Zealand Superannuation Fund v Novo Banco SA

Conflict of laws – Jurisdiction. In the defendant bridge institution's application to set aside or stay the claimants' proceedings against it as successor of debts, the Commercial Court found that it had jurisdiction, under European Parliament and Council Regulation (EU) 2015/2012, which it would not decline to exercise by reason of the principle of non-justiciability or act of state. Further, a stay would not be granted pending the decision of the administrative courts in Portugal, on the basis of case management.

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