Conocimiento

CS' Legal Updates
may 2012

Effects of the exit of Portugal out of the Euro Zone in relation to the agreements in force

António Rocha Alves
António Rocha Alves
Socio
Duarte Brito de Goes
Duarte Brito de Goes
Socio
André Fernandes Bento
André Fernandes Bento
Director de Área de Práctica
Effects of the exit of Portugal out of the Euro Zone in relation to the agreements in force
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Legal analysis of the impact of the adoption of a national currency in Portugal upon the exit of Portugal out of the Euro Zone (or in the context of a full blown break-up of this Monetary Union) on the agreements in force providing for payments in Euros. Outline of preventive measures that may from now be adopted by the parties to those agreements, with a view to mitigate the risks arising from a rate conversion.