The Extraordinary Corporate Rescue Proceeding has been extended

The Extraordinary Corporate Rescue Proceeding (Processo Extraordinário de Viabilização de Empresas) has been extended until 30 June 2023.

The support instrument for companies with economic difficulties was limited until 31 December 2021. However, the Government considered that its extension was justified, due essentially to the uncertainty regarding the evolution of economic activity, mainly conditioned by the evolution of the pandemic crisis in Portugal.

The Decree-Law enters into force on 1 January 2022.

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