Measures to protect credits of families, companies, IPSS and other social economy entities
On March 26, 2020, Decree-Law no. 10-J/2020 was published. It establishes exceptional measures to protect the credits of families, companies, private social solidarity institutions (IPSS) and other social economy entities, as well as a special regime of state guarantees in the context of the Covid-19 disease. This law, which will be in force until September 30, 2020, essentially provides as follows:
1. Suspension and extension of payment of instalments for most credit operations, both by persons, companies and other entities, and prohibition of revocation of contracted credit lines;
2. Adoption of a special State guarantee regime;
3. Flexibility in the provision of guarantees by mutual guarantee societies.