Portugal: recent amendments to the Portuguese Insolvency Law: The forces that determine the success of restructuring tools by Prof. Catarina Serra
Before spring even blossomed, the review of the Portuguese Insolvency Law was completed with the issuance of Law No. 7/2018 and Law No 8/2018 of 2 March 2018. The review began in 2017 with the Insolvency Act (hereafter IA) being amended by Law Decree No. 79/2017, of 30 June. The amendments may well be numerous and flashy, but do they embody a real shift of the Portuguese Insolvency Law? Let us have a look.