The impact of amendments to the Portuguese insolvency code and corporate restructuring law on general framework agreements for financial instruments (among others)

Law no. 9/2022, of 11 January 2022, which entered into force on 11 April, transposes Directive (UE) no. 2019/1023, of the European Parliament and of the Council of 20 June 2019, amending several laws, including the Portuguese Insolvency Code (“PIS”), with a particular impact on the provisions applicable to special restructuring processes (in Portuguese, the Processo Especial de Revitalização – “PER”).