Bankruptcy and liquidation

Authorities should have stepped in quicker over GES problems says banker – and refuses to discuss €100 million loan to ESI The Chairman of bank BPI, Fernando Ulrich, called the loss of [...]

Failed bank Banco Português de Negócios (BPN) still represents around 50% of public company debts despite the fact that the bank failed and its assets and losses were taken over by the State 16 [...]

This year marks 10 years since the collapse of the Banco Espírito Santo banking empire. David Sampson reflects on what went wrong with Portugal’s once most respected banking group. In 2006, [...]

A key shareholder in the failed Portuguese paper distribution company Inapa, Nova Expresso has suggested that the former management of State-owned company Parpública is to blame for the company’s [...]

Portuguese paper distribution company Inapa may have a one week reprieve to stave off bankruptcy after the Japanese paper and pulp group JPP said it would mull a possible acquisition plan over [...]

Portuguese paper distribution company Inapa, which ran out of money last week after a €12 million cashflow problem at its German subsidiary, has declared insolvency. According to ECO online news [...]

Parvalorem, a Portuguese public company set up to manage and claw back assets from the nationalised bank BPN which collapsed in 2008, has managed to pay the State back around €100 million. It is, [...]

Bankruptcies in Portugal increased by 18% in 2023 on 2022 with almost 2,000 companies going under. On the other hand, 2023 closed with a record number of new companies created (51,320), exceeding [...]

Creditors are to decide if one of Portugal’s oldest construction companies SDCCAA, formerly known as Soares da Costa, is to be forced into liquidation. Soares da Costa had changed its name to [...]

The number of companies that declared insolvency increased 14% in the first half of the year with a total of 384 bankrupt companies, 85 more than in the same period in 2022. For the period, [...]