Legal Insight

Coronavirus Mozambique: Impact on financing agreements

23/04/2020
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The business financing sector is among those that could suffer the greatest impact due to the economic crisis that is expected to be the inevitable result of the global COVID-19 pandemic.

Debtors must analyse the information obligations contained in the financing agreement.
 
The presumed liquidity problems and loss of turnover that will be felt by debtors may lead to a breach of the financial ratios set out in the financing agreements.

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Impacts and challenges for businesses in Portugal

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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