Home > Coronavirus/COVID-19 > E-LEGAL® ARTICLE- THE EXTRAORDINARY PROCESS OF VIABILISATION OF COMPANIES LAW NO. 75/2020, OF NOVEMBER 27

E-LEGAL® ARTICLE- THE EXTRAORDINARY PROCESS OF VIABILISATION OF COMPANIES LAW NO. 75/2020, OF NOVEMBER 27

Summary
The pandemic caused by the disease COVID-19 brought with it social and economic consequences that required the adoption of a panoply of exceptional measures. To prevent the coming economic crisis, stabilisation measures were created, which were presented in the Ministers’ Resolution no. 41/2020 of June 6, including the Economic and Social Stabilisation Programme. To this end, on November 27, Law no. 75/2020 was published in order approve the Extraordinary Company Viability Process, of an exceptional and temporary nature, which can be used by any company that, not having a Special Revitalisation Process pending, is in a difficult economic situation or in a situation of imminent or current insolvency caused by COVID-19 disease and demonstrates that it is still susceptible to viability. Read more…