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    Bankruptcy and liquidation

     Prime Minister’s letter “undermined confidence” in troubled bank
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    By Fernando Caetano
    In Bank of Portugal, Bankruptcy and liquidation, Banks, News
    Posted 27 Janeiro, 2023

    Prime Minister’s letter “undermined confidence”...

    A letter that was sent to the European Central Bank and the European Commission by the Prime Minister “undermined confidence” and had a “detrimental effect” on the way troubled Portuguese bank [...]

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     Resolution Fund quizzes NB over hotel sale
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    By Fernando Caetano
    In Bankruptcy and liquidation, Banks, News, Real Estate
    Posted 16 Setembro, 2022

    Resolution Fund quizzes NB over hotel sale

    The Resolution Fund, which was set up to provide financial lifelines to Novobanco, has questioned Novobanco on the sale of a hotel in Brazil. The former Sheraton Reserva do Paiva in Recife was [...]

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     Invesfundo II bankrupt
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    By Fernando Caetano
    In Bankruptcy and liquidation, Funds, News
    Posted 12 Janeiro, 2022

    Invesfundo II bankrupt

    A court has ordered that a closed real estate investment fund set up by the building developer José Guilherme should be declared bankrupt. In the summer of last year, the Portuguese Public [...]

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     Nearly 13,000 companies lost in 2021
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    By Fernando Caetano
    In Bankruptcy and liquidation, Companies, News
    Posted 7 Janeiro, 2022

    Nearly 13,000 companies lost in 2021

    Nearly 13,000 companies closed in Portugal in 2021, while 1,951 have begun insolvency proceedings in court. Nevertheless, the numbers are viewed as “relatively low” and below 2019 pre-pandemic [...]

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     CGD Fund in Casimiro bankruptcy call
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    By Fernando Caetano
    In Bankruptcy and liquidation, Companies, Logistics, News
    Posted 6 Dezembro, 2021

    CGD Fund in Casimiro bankruptcy call

    The real estate fund Fundimo, which is managed by the State-run bank Caixa Geral de Depósitos, has requested that entrepreneur Alfredo Casimiro should be officially declared bankrupt. Casimiro, [...]

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