Insolvencies

Portugal closed 2025 with a 4.4% drop in insolvencies compared to the previous year, from 2,361 to 2,256 cases, according to data from Allianz Trade, the world leader in Credit Insurance. The [...]

The Brazilian airline Azul, which is owned by airline mogul David Neeleman, has called for a top-down investigation into the now defunct shell company TAP SGPS to work out why the company is [...]

TAP SA requested that the insolvency of Siavilo, formerly TAP SGPS, to be decided urgently at a court of justice on July 10 after informing the government of the same decision.   Currently, as [...]

In January the senior management of Tupperware Lusitania went to New York in a bid to save the factory and its jobs following the sale of the US Tupperware business to a group of creditors [...]

The official legal receiver for Portuguese paper distribution company Inapa Portugal is to present a report by the end of this week into the company’s insolvency which is expected to rule out a [...]

Inapa, the company that had been listed on the Portuguese capital market for longer than any other, quit the Portuguese stock exchange Euronext Lisbon on Tuesday. The Portuguese paper [...]

Inapa IPG shares will be “excluded” from Euronext Lisbon as of October 29, 2024. In a statement to the market on Wednesday, the company explains that Euronext’s decision is [...]

The failure of one of Portugal’s most important construction companies, Soares da Costa, which left a trail of debts of €526 million, was a case of “culpable Insolvency” according to [...]

The Santo Tirso company Nuri, which produced sports socks for companies like Primark and Puma, has suddenly closed down leaving €12 million in debt and 108 employees on the dole. The company was [...]

Over half of Portugal’s textile sector is temporarily shutting down production because of spiralling energy costs. And according to the sector’s association, scores of companies will face [...]