Nine lawyers, three insolvency administrators and 24 companies are among those accused of using insolvency and recovery cases to divert assets from real creditors. Here is how Portugal's insolvency code lets creditors claim and contest a debt.
Portugal's trade agency got 5.1 million euros in 2025 from the bankruptcy of Qimonda's Dutch holding company, money owed for subsidies given before the 2009 collapse. The German administrator says Portuguese public claims should be met almost in full.
The 1961 liner Funchal, idle in Lisbon since 2015, has been bought for 802,000 euros by a Turkish ship-breaking group and will leave for Aliağa, in Turkey, to be broken up, after an insolvency and several failed rescues, Jornal de Negócios reports.
Creditors of Ovom Care voted to liquidate the Cascais clinic as its chief executive pledged up to 250,000 euros for patients, short of the 332,747 euros they have claimed. The fertility regulator sets out what happens to stored embryos and eggs.
One in ten first-instance cases had been pending for more than four years, a survey by the judges' council, the CSM, finds. Lisboa Norte fared worst, and almost 164,000 debt enforcement cases had also passed four years.
An in-person auction of the Montalvo plant, closed since January 2025, drew one offer and was suspended. It is the second failed sale this year, and about 200 former workers are still waiting to be paid in full.
Schmidt Light Metal, which makes die-cast aluminium parts for the Volkswagen group, stopped production on 30 September. Most of its workers' contracts end on 7 December.
