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INSOL Europe reaches out in Portugal

Portugal is one of the European countries with the lowest level of representation in INSOL Europe with currently only 24 members. Accordingly, with the main objective of boosting INSOL Europe’s activity…

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INSOL Europe reaches out in Portugal
Portugal is one of the European countries with the lowest level of representation in INSOL Europe with currently only 24 members. Accordingly, with the main objective of boosting INSOL Europe’s activity in Portugal, Alberto Núñez-Lagos, partner of Uría Menendez, organised the first of a series of meetings that took place during last year. This group has grown in the meantime and it now includes some of Portugal’s leading insolvency professionals. Among them are judges, consultants, insolvency administrators and lawyers. This group has held regular meetings in the offices of the most renowned law firms in Portugal. 

On 17 January, Nuno Líbano Monteiro (partner and head of the Insolvency and Restructuring team at PLMJ, the largest law firm in Portugal) and Catarina Guedes de Carvalho (a PLMJ managing associate), both members of INSOL Europe, organised a meeting at their offices in Lisbon, which brought together 30 people, including lawyers from the leading law firms, partners from Deloitte and KPMG, and a number of top insolvency administrators.  

The speakers were João Rodrigo Santos, CEO of Athena Equity Partners and Prof. Catarina Serra, a well-recognised academic the area of insolvency, judge of the Supreme Court of Justice and also a recognised member of INSOL Europe, in the Judicial and Academic Forum, and also co-editor of Eurofenix.

On the agenda was a discussion of the role of venture capital funds in the restructuring of companies and the implementation of Directive (EU) 2019/1023, on preventive restructuring frameworks and on discharge of debt and disqualifications. A decision was also taken to make a commitment to the INSOL Europe group working actively to get the legislature to implement this Directive in Portugal.
  
This group is planning to organise further initiatives to bring greater dynamism to the activities of INSOL Europe in Portugal.
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