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TAP Has Until Wednesday 13 May to Defend Against Azul's €189 Million Action in the Tribunal de Lisboa — Brazilian Carrier Argues the 2016 Bond's Security Agreement Was Never Constituted, TAP SGPS Counters With a Suprimento Reclassification

TAP Has Until Wednesday 13 May to Defend Against Azul's €189 Million Action in the Tribunal de Lisboa — Brazilian Carrier Argues the 2016 Bond's Security Agreement Was Never Constituted, TAP SGPS Counters With a Suprimento Reclassification

TAP has until Wednesday 13 May to file its defence to Azul's €189 million civil action in the Tribunal da Comarca de Lisboa. The Brazilian carrier argues TAP never constituted the Security Agreement promised in the 2016 bond — a €90 million principal plus a decade of interest.
The Portugal Brief
EDP Refuses to Pay €335 Million in IRC and Imposto do Selo on the 2020 Douro Dam Sale to Engie — AT Closes Its Inspection Report 30 April, Helena Borges Holds a June Liquidation Target, Public Prosecutor Already Archived the Criminal File

EDP Refuses to Pay €335 Million in IRC and Imposto do Selo on the 2020 Douro Dam Sale to Engie — AT Closes Its Inspection Report 30 April, Helena Borges Holds a June Liquidation Target, Public Prosecutor Already Archived the Criminal File

EDP will not pay the €335 million the Autoridade Tributária has lined up over the 2020 sale of six Douro-basin dams to Engie. The IRC and Imposto do Selo bill follows a tax-inspection report closed on 30 April; EDP says it will fight the assessment in court.
The Portugal Brief
Chega Formalises a Parliamentary Inquiry Commission Into Operação Influencer Targeting António Costa Over Lithium, Hydrogen and Start Campus — PSD Refuses, So the CPI Walks Into the September Forced-Activation Window

Chega Formalises a Parliamentary Inquiry Commission Into Operação Influencer Targeting António Costa Over Lithium, Hydrogen and Start Campus — PSD Refuses, So the CPI Walks Into the September Forced-Activation Window

Chega formalised on Saturday its parliamentary motion for a Comissão Parlamentar de Inquérito (CPI) into the Operação Influencer case — the wiretap-and-search investigation that brought down the Costa government in November 2023 and that the...
The Portugal Brief
Braga's Token Trust Becomes the First CMVM-Authorised Tokenisation Platform for Portuguese Shares and Bonds — Paulo Cardoso do Amaral's DLT Issuance-Trading-Settlement Stack Targets the €10 Trillion Pool of European Low-Yield Savings

Braga's Token Trust Becomes the First CMVM-Authorised Tokenisation Platform for Portuguese Shares and Bonds — Paulo Cardoso do Amaral's DLT Issuance-Trading-Settlement Stack Targets the €10 Trillion Pool of European Low-Yield Savings

The Comissão do Mercado de Valores Mobiliários has authorised Token Trust, a Braga-based fintech, to operate Portugal's first regulated platform for the tokenisation of shares and bonds. The CMVM green light puts Token Trust into a category of...
The Portugal Brief