Insolvency of former TAP SGPS investigated over suspicion it was deliberately caused
The courts will examine whether the insolvency of the former TAP SGPS was deliberately triggered by its directors.
TAP directors risk personal assets and prison sentence if the SGPS is culpably insolvent
TAP’s directors could be held personally liable — risking their own assets and potential imprisonment — if the airline’s holding company (SGPS) is found to have become insolvent through culpable conduct.
