Portugal: Court clarifies Real Estate Special Payment Guarantee

The Supreme Court recently decided that the real estate special payment guarantee (“privilégio imobiliário especial”) that confers preferential payment to employee credits, arising from the employment agreement (eg salaries), over the employer’s buildings and real estate property, where the employees perform their work (i.e. employee workplace) does not cover buildings under construction by building companies and their employee credits (eg. salaries of employees working on the building site).

For more information, please contact Morais Leitão, Galvão Teles, Soares da Silva & Associados our affiliated member firm in this country.
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