Portugal’s Constitutional Court has ruled that an extraordinary ‘solidarity tax’ on the country’s banking sector in 2020 at the height of the pandemic was “unconstitutional”. According to Jornal [...]
The Resolution Fund (FDR) and the Bank of Portugal have instigated a lawsuit against Novobanco according to Negócios. At issue is an order from a former minister of Finances, João Leão for a [...]
If you read the European Commission’s Rule of Law Report for Portugal it comes out fairly positive compared to some of its EU partners. The European Commission recognises the ongoing measures to [...]
The Angolan judicial authorities has applied through the Portuguese judicial system for the bank accounts of three of Isabel dos Santos’ friends to be frozen in Portugal. The disgraced Angolan [...]
Portugal’s former Socialist Party prime minister, José Sócrates, who was in power when the troika took over the country’s finances in 2011, has vowed to sue the Portuguese state after a [...]
A court has agreed with the Bank of Portugal that channelling toxic debts inherited by Novo Banco from BES, a bank that collapsed in 2014, to a BES ‘bad’ bank in 2015 was the right thing to do. [...]
The Bank of Portugal does not agree with a decision by the Competition Court which absolved the auditing consultancy KPMG and five of its associates from cooking the books at the large private [...]
A Lisbon court has blocked an attempt by low-cost airline Ryanair to make six staff redundant from their jobs at the airline’s Lisbon base. The National Union of Civil Aviation Flight Personnel [...]
Two construction companies, Always Special and Lena, owned by Grupo Nov, are suing Caixa Geral de Depósitos (CGD) for €258 million. The common lawsuit was filed on Monday, at a Lisbon court with [...]
Novo Banco has hit back at allegations by the daily newspaper Público that it has sold off its insurance arm in a less than transparent if not profitable operation. The bank, led by António [...]
