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Pre-pack Sales: Is Portugal Ready For The New Framework Under Directive 2026/799?
The European Union has introduced Directive (EU) 2026/799, establishing pre-pack proceedings that allow distressed businesses to be sold confidentially before formal insolvency begins. Portugal now faces the challenge of transposing these provisions into national law by 2029, requiring the creation of an entirely new legal framework to preserve business value and protect creditors.
Portugal Insolvency
GGI Global Alliance
Article
Arbitration Clauses Are Easy To Sign, But What Happens When You Cannot Afford The Costs?
When a party to an arbitration agreement faces severe financial difficulties years after signing, should they still be bound by that clause? Portuguese courts have grappled with this tension between contractual autonomy and constitutional guarantees of access to justice, recognizing that supervening impecuniosity may, in exceptional circumstances, render arbitration agreements unenforceable.
Portugal Litigation
GGI Global Alliance
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