Knowledge

CS' Legal Updates
May 2012

Amendments to the Portuguese Insolvency and Companies Recovery Code

António Rocha Alves
António Rocha Alves
Partner
João Maria Pimentel
João Maria Pimentel
Partner
André Fernandes Bento
André Fernandes Bento
Head of Practice
Amendments to the Portuguese Insolvency and Companies Recovery Code
PDF file

There has been recently published the Law no. 16/2012, of 20 April, which amends the Portuguese Insolvency and Companies Recovery Code and introduces a special procedure for the recovery of debtors in a difficult economic situation. We analyse in this Flash the rules applying to the new special rescue procedure and summarise the remaining amendments introduced in this Code that are relevant for corporate insolvency.