Finance: Legal reforms news in Lisbon, Lisboa, Portugal

Brazilian psychologist investigates the impact of the end of the agreement between the Brazilian and Portuguese Bar Associations

Diário de Notícias9 Apr

Labour package. CIP: "We hope to conclude this process today"

Government meets today with UGT and employers to resume labour law negotiations

Protests against the government's labour package mark Saturday

BES: Judge again denies termination of the case against Salgado

Helena Susano dismantled the former banker's defence arguments, warned that ending the case would violate the presumption of innocence and that Alzheimer's is not a legal ground to terminate the defendant's trial.

Former minister Arlindo Carvalho and former directors cleared of charges in BPN case

The Lisbon District Court declared one of the most high-profile cases related to the BPN scandal closed due to the statute of limitations and ordered the case to be archived. Former Health Minister Arlindo Carvalho was the main defendant, along with his partner José Neto and former BPN directors Francisco Sanches and Luís Caprichoso.

Morais Pires targets Salgado and says BES was not harmed

After five days of testimony at the BES/GES trial, the bank's former CFO defended clients and the institution, but the Public Prosecutor and legal assistants insist on a circular and fraudulent financing scheme.

Morais Pires refers to GES 'slush fund' as a "cost centre"

The former BES administrator attempted to explain the GES “slush fund” and option contracts to the court, even using drawings on a board. For the Public Prosecution, the money consistently came from clients.

Jailed Angolan tycoon Carlos São Vicente's wife fights to unfreeze Portugal bank accounts

Billionaires.Africa21 Oct

BES: Morais Pires says that "no" manager deserves to be put on trial

The former CFO of BES made his first statement to the court. He went back to 2002 to explain the origins of the crisis, shared the blame among the administration, and denied any criminal activity.

Future of mandatory motor insurance covered in book by Arnaldo Oliveira

The book 'O Seguro Obrigatório Automóvel Português', authored by Arnaldo Oliveira, an ASF jurist and Doctor of Law, was presented by the ASF during a ceremony. The work 'A Lei Portuguesa do Seguro Automóvel Obrigatório' is a reflection on the evolution of mandatory motor third-party liability insurance in Portugal (SORCA), addressing its historical foundations, ...

Court to decide if Unbabel's insolvency was culpable

The Lisbon District Court has decided to open an “Insolvency Qualification Incident” regarding the startup Unbabel, or what remains of it following the sale of its assets to the American company Transperfect. The decision was made on September 25th and effectively means that the judiciary will have to determine whether the insolvency was “culpable”.

Tomás Correia to stand trial in the Montepio case

A ruling from September 23rd annuls the TCIC decision from April. The defendants, including the former leader of Montepio, will stand trial for breach of trust and money laundering.

Supreme Court rejects major BES funds again in 2.2 billion euro dispute against the Bank of Portugal

The Supreme Administrative Court (STA) has once again rejected the major international BES funds in their 2.2 billion euro dispute against the Bank of Portugal regarding the transfer of Novobanco bonds to the 'bad bank' BES over ten years ago. The STA had already denied an appeal filed in May by...

APS hosts course on unfair contract terms

The Portuguese Association of Insurers (APS) will hold an online course titled 'Unfair terms in insurance contracts' on September 15th, from 10:00 to 12:00. This training aims to explain the concept of unfair terms and help participants identify them within insurance contracts.

Supreme Court denies Berardo again and confirms the dissolution of his foundation

Joe Berardo has been denied by the courts once more. In May, the Supreme Administrative Court (STA) had already confirmed a decision ordering the dissolution of his foundation. The Madeiran businessman appealed the ruling, claiming it was void. The judges of the same court rejected the appeal, bringing the banks closer to the artworks.

Could there be a major blunder in a 500 million euro lawsuit?

At the heart of this article is a lawsuit valued at approximately 514 million euros, which initially targeted 59 people, including Ricardo Salgado, Morais Pires, José Castella, Rui Silveira, and many other former officials of the Espírito Santo Group.

Court of Appeal rules that 34 million euro fine for EDP and Sonae has not expired

The court overturned the decision of the Competition, Regulation and Supervision Court, which had declared the administrative offence proceedings regarding the non-compete agreement between EDP and Sonae to be time-barred.

Public Prosecution Service to appeal Ricardo Salgado's acquittal of corruption in Brazil

The Public Prosecution Service will appeal the acquittal of Ricardo Salgado and the other defendants in the case related to the alleged corruption of a former vice-president of Banco do Brasil.

Defendants in the BES Brazil case have been acquitted

The judgment was read this Monday at the Campus de Justiça in Lisbon. The judges considered that there was no evidence.

Salgado and other defendants acquitted of alleged corruption in Brazil

The Central Criminal Court of Lisbon acquitted all defendants, including former banker Ricardo Salgado, in a case related to the alleged corruption of a former vice-president of Banco do Brasil. The former president of Banco Espírito Santo (BES) was accused of having paid 1.8 million dollars (approximately...) using entities in tax havens.

Universo Espírito Santo case: verdict read this Monday

The case involves eight defendants, including Ricardo Salgado, a former banker excused by the court due to suffering from Alzheimer's. The Public Prosecutor's indictment dates back to 2021.

Former TAP manager wins first lawsuit

The Supreme Court of Justice refers the compensation case to a civil court.

CGD seizes nearly 15,000 euros in tax refunds from Joe Berardo

As part of two debt enforcement proceedings, Caixa Geral de Depósitos (CGD) has seized four years of tax refunds from Joe Berardo, reports Correio da Manhã (paid access). The seizure of the tax refunds is revealed in the Lisbon Court of Appeal (TRL) ruling issued in June, which...

Lawyer requests new medical examination for Ricardo Salgado

Varela de Matos, who represents an assistant in the criminal case regarding the collapse of GES, says he is using a “legal mechanism.”

CBF Vice President Defends Regulated Betting Sector During Lisbon Forum

iGamingToday.com4 Jun

Press review: Family of Glória funicular victim files lawsuit seeking one million euros

On a day of general strike, Público reports that Luís Montenegro's government faces an average of 2.5 strike notices per day. The newspaper's main story is that the family of a Santa Casa employee who died in the Glória funicular derailment is seeking one million euros in a lawsuit filed against Carris, the maintenance company, and the insurer Fidelidade. Jornal de Notícias reports that insurers have blocked 87 million euros in fraud and detected 13,000 fake accidents, with the automotive sector accounting for nearly half of the improper claims. Correio da Manhã reveals a case where a PSP officer spied on female colleagues showering in police housing in Lisbon; the PSP social services have opened a disciplinary process. Diário de Notícias notes that uncertainty and caution are slowing down summer holiday bookings by the Portuguese. Negócios reports that the tax authority is barred from collecting vehicle tax (IUC) from former owners, as the Supreme Administrative Court has ruled that the tax must be paid by the actual owner if they can be identified. Eco highlights that the general strike is increasing pressure on the government and complicating the approval of labor reforms.

How a tax fraud scheme at a former currency exchange shop in Lisbon led to the capture of Duarte Lima and Ricardo Salgado

ANALYSIS || The autopsy of the Monte Branco case || Chapter 1 of 5 || A network that ensnared politician Duarte Lima, the sale of BPN, the privatisations of EDP/REN, the beginning of the collapse of BES Angola, the Brazilian Lava Jato operation and the connection to Banif, bankers Álvaro Sobrinho and Ricardo Salgado, the family of Sócrates, businessman Carlos Santos Silva and the former prime minister? And much, much more… The investigation into the Monte Branco case began 15 years ago

Defence teams for defendants in Operation Lex attempt to discredit Tax Authority findings

The case generally involves crimes of corruption, abuse of power, money laundering, and tax fraud, among others.