"Restructuring needs more flexibility" (with Alexandra Valente)

In this context, one of the obstacles pointed out by lawyer Alexandra Valente was the "lack of professionalization" of insolvency administrators in cases involving smaller companies, where she sees the highest number of restructurings, although below initial forecasts. "There were echoes that restructuring and insolvency activity was going to increase exponentially... We haven't seen that in the office. Our economy is resilient," said the SRS Legal partner. "It didn't happen on the scale of 2011-2012," she said on the panel entitled "Challenges of Corporate Restructuring". The lawyer - for whom the legislation on this matter is adequate, after the 2022 changes - argues that the bank's support for the business fabric has managed to prevent a significant increase in insolvencies in Portugal, but warns that this aid can work "like a band-aid". "Oxygen balloons cannot be a postponement of problems. Reorganization must be put into practice," he warned.