Latest news and stories about insolvency in Portugal for expats and residents.
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Supreme Court ruling overturns a previous decision and partially accepts the plan proposed by Luís Delgado, reports Lusa.
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.
The decision dated March 12 partially approves the plan proposed by Luís Delgado, owner of the company that acquired a series of magazines from the Impresa group in 2018, including Visão. The Supreme Court only declared the clause regarding the creditors' rights plan null and void.
The Union of Workers in Agriculture and the Food, Beverage and Tobacco Industries of Portugal (SINTAB) revealed this Thursday that there are offers to purchase the two Celeste Group factories, located in Guimarães and Vizela, which have declared insolvency. The insolvency administrator informed us that there are already proposals to buy both factories.
Unbabel has filed for insolvency at the Lisbon District Court. The request was submitted two months after the former startup was targeted by a 12.75 million euro lawsuit, through which an investor seeks to annul the sale of assets to the American company TransPerfect. The insolvency declaration ruling...
The union has requested meetings with the insolvency administrators of the three companies and with the mayors of Guimarães and Vizela, the municipalities where the majority of the people who lost their jobs lived and worked.
The majority reside and worked in the municipalities of Guimarães and Vizela, where the group's industrial units are located.
The Celeste Group, which operated in the bakery and pastry sector with factories in Guimarães and Vizela and shops in the Minho and Douro Litoral regions, has filed for insolvency, leaving more than 300 workers unemployed, a union source indicated this Wednesday. The situation has left over 300 workers suddenly without jobs, with the vast majority...
Ten defendants appeared for questioning at the Central Investigation Court in Porto. The scheme used forged documentation to divert assets in insolvency proceedings.
Another defendant was ordered to have their duties as an insolvency administrator suspended.
Sicasal, a meat-processing company located in the municipality of Mafra and declared insolvent, will resume production at the end of this week following an advance payment from a customer, the insolvency administrator told Lusa. According to Jorge Calvete, the first workers returned to the factory this Monday to begin sanitisation and to inspect the ...
Nova Arcada clarifies that the closure of the Cineplace screens is due to the exhibitor's insolvency proceedings, “not resulting from any decision by the shopping centre”.
The cinema operator Cineplace, which closed the cinemas it runs in Portugal, was the subject of an insolvency proceeding, according to a court ruling seen by the Lusa news agency.
The cinema exhibitor Cineplace, which closed the cinemas it operates in Portugal, has been the subject of insolvency proceedings, according to a court decision consulted by the Lusa news agency. According to the Citius portal, the Judicial Court of the Lisbon North District delivered, on the 16th, a judgment declaring the exhibitor insolvent...
In 2025, Cineplace closed its cinemas in Portimão and Guia, both in the Faro district, and also in Funchal and Seixal.
In 2025 the cinema operator ran 58 screens, which saw around 622,000 admissions and generated €3.3 million in box office revenue, a 30% fall compared with 2024.
Mohamed bin Issa Al Jaber, whose Algarve portfolio includes the Penina and Dona Filipa hotels, faced the insolvency of his hotel in Austria—where he acquired Austrian nationality—and ultimately lost the hotel he owned.
Home News Number of new companies in Portugal increases Number of new companies in Portugal increases There has been an improvement in the Portuguese business sector, with insolvencies falling by 2% and the creation of new companies rising by 5%.
Home Business Claire’s stores to be saved in Portugal Claire’s stores to be saved in Portugal A French investor has stepped in to prevent the closure of 31 Claire’s stores in Portugal, safeguarding around 200 jobs and ending the company’s insolvency proceedings in the country.
The former sports commentator was accused of being the mastermind behind a scheme to fraudulently use EU/community funds that cost the State €42 million.
The Judicial Court of the District of Porto declared businessman Manuel Serrão insolvent in proceedings brought by No Less, one of the companies investigated in Operation Maestro. “At the Judicial Court of the District of Porto, Commercial Court of Vila Nova de Gaia – Judge 4 of Vila Nova de Gaia, on 05-01-2026, at 10:26 ...”
The landlord initiated an eviction case over two years ago, but the performer still hasn't left and has declared insolvency.
Sicasal has been declared insolvent by the court, putting 260 jobs at risk. Some workers have not been paid since November.
Sicasal has been declared insolvent by the court, putting 260 jobs at risk. Some employees have not been paid since November.