Analysis of the changes to the special rules on credit and financing moratoriums
In the context of the battle against the economic consequences of the Covid-19 pandemic, the Government approved Decree-Law 10-J/2020 of March 26. This Decree-Law established a set of economic measures to protect liquidity and treasury, and in this document, we focus on the financing moratorium.
This extension of the possibility to sign up for the banking moratorium also covers credit operations that are benefiting or have benefited from the moratorium for a period of less than nine months.
PLMJ has created a multidisciplinary team dedicated to analysing the legal and operational challenges that businesses are facing. Our team’s mission is work hand-in-hand with our clients to find the best solutions to mitigate the risks and to relieve some of the pressure they are under.
We have created a Coronavirus Hub to share practical information to help mitigate the risks for companies in Portugal.
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