The Supreme Court of Justice overturned the Court of Appeal's ruling and approved the insolvency plan for Trust in News (TiN), but removed the clause that did not protect creditors' rights, according to the website Página Um. In other words, it ruled in favour of Luís Delgado, who appealed the decision not to approve the plan.
Supreme Court rules in favour of Luís Delgado and approves insolvency plan for Visão's owner
Friday, 13 March 2026RSS
Context & Explainers
Insolvency is a legal finding that a company cannot pay its debts when due, which opens a court‑supervised insolvency proceeding (processo de insolvência) to restructure the business or liquidate assets. The court appoints an administrator, creditors file claims and certain claims (like unpaid wages) often get priority; for employees this can mean job loss but also possible access to outstanding wage protection schemes, while creditors may recover only part of what they are owed.
