COVID19 (EN)

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Legal Update
Covid-19
20 MARCH 2020

20 MARCH 2020
Legal Update Covid-19

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The Presidential Decree No. 14-A / 2020 of 18 March ordered
a partial suspension of the property right and private economic
initiative, namely, establishing:
The possibility of requisition by the competent public authorities
in relation with the provision of any services or use of
any movable and immovable property, provision of healthcare
units, commercial and industrial businesses, companies and
other production units;
The possibility of determining the mandatory opening, and
operation of companies, businesses and means of production;
The possibility of ordering the closure of certain companies,
businesses and means of production and other limitations or
modifications imposed on the respective activity, including
changes related to quantity, nature or price of produced and
/or marketed goods or the respective procedures and to the
distribution and marketing circuits, as well as changes to the
respective operating regime.
All the above listed measures still need to be implemented by
the Government.
Decree of the President of the Republic no. 14-A / 2020
of 18 March ordered the partial suspension of the right to
property and private economic initiative, namely, establishing:
The possibility for requisition by the competent public authorities
to provide any services or use of any movable and immovable
property, health care units, commercial and industrial
establishments, companies and other production units;
The possibility of determining the mandatory opening and
operation of companies, establishments and means of production;

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The possibility of ordering the closure of certain companies,
establishments and means of production and imposing other
limitations or modifications to the respective activity, including
changes to the quantity, nature or price of the goods
produced and marketed or to the respective distribution procedures
and circuits and marketing, as well as changes to the
respective operating regime.
All the above listed measures, established in the Decree of the
President of the Republic, require its implementation by the
Government in an autonomous diploma
Update of Law No. 1-A / 2020 of 19 March
COVID-19 - Cuts Prediction
of Public Procurement tenders
or any other State Measures
This Law No. 1-A / 2020 of 19 March has ratified the effects of Decree-
Law no. 10-A / 2020, of March 13.
We recall that Decree-Law No. 10-A / 2020 of 13 March: came to establish
exceptional and temporary measures due to the epidemiological
situation of the new Coronavirus - COVID 19 applicable to entities
in the corporate public sector and the administrative public sector,
as well as, with the necessary adaptations, to the Municipalities.
This being said, we highlight the
following exceptional measures:
> For the purpose of choosing
the procedure for the celebration
of construction work contracts
for public works, contracts
for lease or purchase of
movable goods and services
it is recognized the possibility
of direct adjustment to the extent
strictly necessary and for
urgent imperious reasons (article
24, no. 1 (c) of the Code of
Public Contract);
> Inapplicability of the quantitative
limits for previous data
consultation as well as for direct
adjustment contained in
paragraphs 2 to 5 of Article 113
CCP and of the duty, provided
in article 27-A of the CCP of prior
consultation whenever possible;

In direct adjustments for acquisition
or rental contracts of
movable assets and for service
acquisition, whose contractual
price does not exceed €
20,000.00, the award can be
done directly by the competent
body with the decision to
hire, by means of an invoice
or document equivalent to be
presented by the invited entity,
with exemption of electronic
processing or any other formalities
foreseen in the Public
Procurement Code.
>The awards must be communicated
by the contractors to the
Governmental entities responsible
for the area of finance and
the respective sectorial area
and advertised in the public
procurement portal, in accordance
with the principles of publicity
and transparency of contracting;
>The contracts concluded by
means of a direct adjustment
may produce all its effects right
after the award as well as before
the visa or declaration of
compliance of the Audit Court
when subject to the same.
Also, as exceptional measures
foreseen in said Law No. 1-A /
2020 of March 19, the following
should be highlighted:
> Without prejudice to the concomitant
and successive inspection,
all contracts foreseen
in Decree-Law No 10-A / 2020,
of March 13, will be exempted
of previous inspection from
the Audit Court during the duration
of this law.
> The application of a judicial
break proceedings regime until
the situation of exceptional
prevention, containment, mitigation
and treatment of epidemiological
infection by SARS-
CoV-2 and COVID-19 disease,
as determined by the national
public health authority to the
administrative and tax deadlines
in favour of private entities
or individuals.
> During the duration of the present
law, the deadlines related
with pending prior inspection
processes or processes
that must be sent to the Audit
Court will not be suspended.
> The obligation to carry out
public meeting of the deliberative
and executive bodies of
the Municipalities and parishes
and the deliberative bodies of
intermunicipal entities are suspended
until the 30th of June
2020, without prejudice of its
record and placement on the
Municipality’s website whenever
technically feasible.
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Legal Update Covid-19
20 MARCH 2020
Update of Law no. 1-A / 2020 of 19 March
Exceptional measures concerning
the postponement of the Social Security
contributions period
With the mandatory closure of several
commercial establishments
and the reduction for consumption
of non-essential goods, many
companies will have their invoicing
quite affected, or even reduced to
zero.
In this assumption, and to stimulate
the economy, the government
provides flexible payments of Social
Security contributions.
In order to allow this flexibility and
ensure immediate liquidity to companies,
the Ministry of Labor, Solidarity
and Social Security decided
to postpone the obligation to pay
the contribution for Social Security
whose payment term ended today.
Thus, employers who had to make
the payment contribution until today,
don’t have to do it anymore,
and should wait for concrete measures
in this regard, whose update
we will give as soon as announced.
Update of Law No. 1-A / 2020 of 19 March
Regarding financing solutions
with
Public Support
Capitalizar Credit Line - Covid-19 - Working capital and treasury
management.
With the purpose of mitigating
negative effects of the new
COVID 19 in Portugal, the Government,
in relation with private
companies, created a package of
targeted measures.
To support for its treasury, by
means of the Resolution of the
Council of Ministers of 13 March
2020.
In this context, the Linha Capitalizar
Credit Card - “Covid-
19, was created, with a global
amount of 200 million euros,
which aims to support companies
whose activity is affected by

the current pandemic, with two
specific purposes:
> “Covid 19 – Fundo de Maneio”
- operations for the needs of
financing working capital, being
the maximum amount
of financing by company of
1,500,000 euros in maximum
period of 4 years.
> “Covid 19 – Plafond de Tesouraria”
- in which the maximum
amount of funding per
company is of 1,500,000 euros
and whose maximum term
is 1, 2 or 3 years, to encourage
the credit offer in the modality
of a credit limit in a revolving
system which should grant an
higher flexibility of the treasury
management.
The conditions of said Credit
Lines are as follows:
1. Beneficiaries:
The beneficiaries of this credit
line are mainly the Micro, Small
and Medium companies (PMEs),
certified by Electronic Declaration
of IAPMEI I.P. and, also,
bigger companies. In the case
of bigger companies, the same
must be, at least in a situation
comparable to situation B-, in
credit assessment.
2. Operations not covered by
this Financing:
> Financial restructuring and / or
consolidation of current credit;
> Operations to settle or replace
directly or indirectly previously
agreed financing with the
bank;
> Acquisition of real estate, properties
or vehicle that do not assume
the character of “means
of production” and commercial
vehicles acquired by goods
transport companies on behalf
of third parties.
However, it is admitted that:
The beneficiary companies that
develop activities in the primary
sector, such as Agriculture,
Livestock, Forestry and Extractive
Industries, can acquire real
estate as well as movable assets
subject to registration as
long as they are proven to be
intended for the activity of the
company;
The acquisition of real estate
that are related to business
activity as long as they don’t
develop activities at CAE division
68 and that the maximum
amount funding intended for
its acquisition does not exceed
50% of the total investment.
Financial operations that are
intended for related activities
with export to third countries
and Member State, in particular
creation and operation of
distribution networks.
In the case of the Specific Line
“Covid 19 – Plafond de Tesouraria
“, there will not be eligible operations
that are not to be exclusively
intended for a treasury
management need.
3. Conditions of eligibility of a
company:
> Headquarters in national territory;
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Legal Update Covid-19
20 MARCH 2020
> Activity duly defined in the
CAE list;
> No debts to FINOVA and without
unregulated incidents
with the Bank, on the date the
of the financing contracts;
> Situation regularized before
the Tax Administration and Social
Security at the date of the
financing contracts;
> Positive equity in the last approved
balance sheet. Companies
with negative equity in the
last approved balance sheet
can access the line if they have
this balance sheet regularized
situation until the moment of
signature of financing contracts.
> In the case of bigger companies,
the company must at
least be in a comparable situation
to situation B-, in terms of
credit rating;
> Presentation of a declaration
proofing the negative impacts
of the Covid-19 outbreak in the
company’s activity, namely
verification at the date of hiring
of a break in turnover in
the last 30 days by 20% less
than the 30 days immediately
preceding, in accordance with
a draft to be provided by the
adherent banks.
4. Operations:
The operations in question
are of credit and mutual
guarantee.
5. Banking products:
5.1. “Covid 19 – Fundo de Maneio”-
banking loan
5.2. “Covid 19 - Plafond de Tesouraria
– Plafond de Crédito
in Revolving System
6. Adherent banks
> Abanca Corporacion Bancaria,
S.A. - Sucursal em Portugal
> Banco Bilbao Vizcaya Argentina,
S.A. - Sucursal em Portugal
> Banco BPI, S.A.
> Banco Comercial Português,
S.A.
> Banco Português de Gestão,
S.A.
> Banco Santander Totta, S.A.
> Caixa Central de Crédito Agrícola
Mútuo, CRL
> Caixa de Crédito de Agrícola
Mútuo de Leiria, CRL
> Caixa Económica Montepio
Geral
> Caixa Geral de Depósitos, S.A.
> Novo Banco, S.A.
> Banco BIC Português, S.A.
> Novo Banco dos Açores, S.A.
> Bankinter, S.A. - Sucursal em
Portugal
> Caixa de Crédito Agrícola Mútuo
da Chamusca, CRL
> Caixa de Crédito Agrícola Mútuo
de Mafra, CRL

7. Credit:
7.1. Covid 19 – Fundo de Maneio
> Maximum Financing by Company
- 1.5 million euros..
> Capital reimbursement –
monthly, quarterly or halfyearly
and post-paid in equal
instalments.
> Maximum Transaction Term -
Up to 4 years.
> Maximum Capital Grace Period
- Up to 12 months.
> Fixed Rate Interest Rate Euribor
swap for the term of the
operation + spread.
> Variable Interest Rate- 1, 3, 6 or
12 months Euribor + spread.
> Spread - 1.928% -3.278%.
> Interest Rate Bonus - 0%.
7.2.Covid 19 - Plafond de Tesouraria
> Maximum Financing by Company
- 1.5 million euros
> Maximum Transaction Term -
Up to 3 years.
> Fixed Interest Rate - Euribor
swap for the term of operation
+ spread.
> Variable Interest Rate - 1, 3, 6 or
12 months Euribor + spread.
> Spread - 1,943% - 3,278%.
> Interest Rate Bonus - 0%.
8. Mutual guarantee:
> Mutual Guarantee - Up to 80%.
> Mutual Guarantee Commission
- 0.5%.
> Bonus of Mutual Guarantee -
100%.
Other
credit Lines
In addition to the Credit Lines
above, four other credit lines
which cover all economic sectors
were made available, through
banking institutions and guaranteed
by the State,
These new Credit Lines represent
3 billion euros of additional
financing to the economy, with a
grace period of up to 12 months,
to be repaid up to four years, to
be used by the following sectors:
1. Restaurants and equivalents:
Availability of 600 Million Euros,
270 Million Euros of which for Micro
and Small Companies.
Beneficiaries:
Microenterprises, PMEs, small
midcap and mid cap, with:
> Positive equity in the last approved
balance sheet; or
> Negative equity and settlement
interim balance approved by
the date of operation.
What are the conditions?
> Maximum amount per company:
1.5 million euros.
> Guarantee: Up to 100% of capital
in debt.
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Legal Update Covid-19
20 MARCH 2020
> Counter-guarantees: 100%.
> Term of operations: 4 years.
2. Tourism (Travel Agencies;
Animation; Organization of
Events and Similar):
Availability of 200 Million Euros,
75 Million Euros of which for Micro
and Small Companies.
Beneficiaries:
Microenterprises, PMEs, small
mid cap and mid cap, with:
> Positive equity in the last approved
balance sheet; or
> Negative equity and settlement
interim balance approved by
the date of operation.
What are the conditions?
> Maximum amount per company:
1.5 million euros.
> Guarantee: Up to 100% of capital
in debt.
> Counter-guarantees: 100%.
> Term of operations: 4 years.
3. Tourism
Provision of 900 Million Euros,
300 million Euros of which for
Micro and small companies.
4. Industry (Textile, Clothing,
Footwear, extractive industries
(ornamental rocks) and
row wood and cork)
Provision of 300 Million Euros,
400 million Euros of which for
Micro and Small Companies.
Beneficiaries:
Microenterprises, SMEs, small
mid cap and mid cap, with:
> Positive equity in the last approved
balance sheet; or
> Negative equity and settlement
interim balance approved by
the date of operation.
What are the conditions?
> Maximum amount per company:
1.5 million euros.
> Guarantee: Up to 100% of capital
in debt..
> Counter-guarantees: 100%.
> Term of operations: 4 years.
60 Million Euros Credit Line in
the tourism sector, operated by
Tourism of Portugal, I.P.
Beneficiaries:
Tourism micro-enterprises
which:
> Are licensed and registered
in the National Tourism, if required;
> Do not find yourself in a situation
company in difficulty; and
> Have not been subject to administrative
or judicial sanctions
the past 2 years.
What are the conditions?
> Amount: 750 € / month / worker.
> Maximum amount: 20 thousand
euros.
> Duration: 3 months.
> Repayment: 3 years (with 1 year
of grace period).
> No interest.
> Guarantee: Personal partner
guarantee.

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Update of Law No. 1-A / 2020 of 19 March
Exceptional support
measures to companies
during and after this crisis
Credit lines
Credit Lines representing 3 thousand
million euros of financing
with a with a grace period up to
12 months to be amortized up to
four years were made available,
through banking institutions
and guaranteed by the State for
restaurants and similar, tourism
(travel agencies animation; organization
of events and similar),
tourism (developments and
accommodations) and industry
(textiles, clothing, footwear, industries
and the wood and cork).
Regarding the restaurants and
similar activities 600 million euros
will be made available 270
million euros of which will be targeted
to Micro and Small business.
The credit lines are to be used by
micro-enterprises, PMEs, small
mid cap and mid cap with:
Positive equity in the last approved
balance sheet; or
Negative equity and settlement
interim balance approved by
the date of operation.
Companies will have to fill the
following requirements:
Company statement on the
negative impact of COVID-19
and fulfilment of requirements.
Situation regularized before
the SS and the AT.
The conditions for allocation of
these credit lines are the following:
Maximum per company: 1.5
Million of Euros;
Guarantee: Up to 100% of capital
in debt;
Counter-guarantees: 100%;
Term of operations: 4 years.
As for tourism it will be made
available a credit line for travel
agencies, animation tourism, organization
of similar events and
companies, in the total amount
of200 million Euros, 75 Million
Euros of which will be directed
to Micro nd Small businesses.
Credit lines are intended microenterprises,
PMEs, small mid cap
and mid cap with:
Positive equity in the last approved
balance sheet; or
Negative equity and settlement
interim balance approved by
the date of operation.
The Companies will have to fulfil
the following requirements:
Company statement on the

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Legal Update Covid-19
20 MARCH 2020
negative impact of COVID-19
and fulfilment of requirements;
Situation regularized before
the SS and the AT.
The conditions for allocation of
these credit lines are the following:
Maximum per company: 1.5
Million of Euros;
Guarantee: Up to 100% of capital
in debt;
Counter-guarantees: 100%;
Term of operations: 4 years.
Furthermore, in relation with
tourism a credit line will be
made available to support credit
of tourism companies, namely
tourist real state and tourist accommodation
in the amount of
900 million euros, 300 Million
Euro of which will be targeted to
micro and small companies.
Credit lines are intended for microenterprises,
SMEs, small mid
cap and mid cap with:
Positive equity in the last approved
balance sheet; or
Negative equity and settlement
interim balance approved by
the date of operation.
Companies will have to fulfil the
following requirements:
Company statement on the
negative impact of COVID-19;
Situation regularized before
the SS and the AT.
The conditions for allocation of
these credit lines are the following:
Maximum per company: 1.5
Million of Euros;
Guarantee: Up to 100% of capital
in debt;
Counter-guarantees: 100%;
Term of operations: 4 years.
Finally, regarding the industry,
in strand of textiles, clothing,
footwear, extractive industries
(rocks ornamentals) and the row
of wood and cork will be made
available 1,300 million Euros, 400
Million Euros of which will be directed
to Micro and Small Companies.
Credit lines are intended to Microenterprises,
SMEs, small mid
cap and mid cap with:
Positive equity in the last approved
balance sheet; or Negative
equity and settlement interim
balance approved by the
date of operation.
Companies will have to fulfil the
following requirements:
Company statement on the
negative impact of COVID-19;
Situation regularized before
the SS and the AT.
The conditions for allocation of
these credit lines are the following:
Maximum per company: 1.5
Million of Euros;
Guarantee: Up to 100% of capital
in debt;
Counter-guarantees: 100%;
Term of operations: 4 years.
Furthermore, the Government
will continue to support all sectors
that are affected by the pan-

demic coronavirus to minimize
impacts negative that this crisis
will have on companies.
Other credit lines are also available
in the amount of 260 million
euros that will be distributed as
follows:
a) 200 Million credit line Euros to
support treasury, within the
framework of the Programa
Capitalizar (operationalized
by banking sector), including
sectors not covered by
the previously listed lines;
b)60 Million credit line Euros
for microenterprises in the
tourism sector (operated by
Portugal Tourism).
a)The 200 Million Euros credit
line is preferably intended to micro
companies, PME, small mid
cap and mid cap with:
Positive equity in the last approved
balance sheet; or
Negative equity and settlement
interim balance approved by
the date of operation.
Companies will have to fulfil the
following requirements:
Company statement on the
negative impact of COVID-19;
Situation regularized before
the SS and the AT.
The conditions for allocation of
these credit lines are the following:
Maximum per company: 1.5
Million of Euros;
Guarantee: Up to 80% of capital
in debt;
Counter-guarantees: 100%;
Term of operations: 4 years
for Working Capital and 1 to 3
years for Treasury.
b) The 60 Million Euros Credit
Line is intended for micro-enterprises
in the tourism sector (operated
by Tourism Portugal) that:
Are licensed and registered before
the National Tourism, if required;
Have not been subject to administrative
or judicial sanctions
the past 2 years.
Companies will have to fulfil the
following requirements:
Company statement on the
negative impact of COVID-19;
Situation regularized before
the SS and the AT.
The conditions for allocation of
these credit lines are the following:
Amount: 750 € / month / worker;
Maximum amount: 20 thousand
euros;
Duration: 3 months;
Refund: 3 years (1 year of absence);
Interest-free;
Guarantee: Personal guarantee
of partner;
Responsible entity: Tourism of
Portugal, I. P.
PT 2020 INCENTIVES
> Support provided for the Portugal
2020
1) Payment terms reduced: Payments
in shortest possible
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Legal Update Covid-19
20 MARCH 2020
time after payment requests
are presented by companies,
which can be carried out, at
the limit, as advance, these
being subsequently regularized
with the calculation of
the incentive payable by the
body intermediate / paying
agency without any formality
for beneficiaries.
2) Deferral of incentive benefits
refunds
(QREN and Portugal 2020): For
companies with breaks in the
turnover or reserves or orders
superiors to 20% in the two
months prior to the presentation
of the repayment plan
period in relation with the
same the previous year period
the deferral for a period of
12 months of the instalments
due until 30 September 2020
on assigned refundable subsidies
within the incentives systems
of QREN or Portugal 2020
free of charge, interest or other
penalty for the beneficiary
companies
3) Eligibility of costs with cancelled
or postponed actions:
Proven expenses supported
by the beneficiaries in initiatives
or cancelled or delayed
actions for reasons related to
COVID-19 foreseen in projects
approved by Portugal 2020,
namely in areas of internationalization
and vocational training,
are eligible for reimbursement.
4) Consideration of COVID-19 as
a reason for force majeure in
the support of Portugal 2020:
The negative impacts arising
of COVID -19 that give insufficient
achievement of actions
or goals, can be considered
force majeure reasons not of
the responsibility of the beneficiaries
in the evaluation
of the contractual objectives
within the scope of incentive
systems of Portugal 2020.
TAXATION
> Flexibility to comply tax obligations
Considering the calendar taxation
relating to payment for
the second quarter of 2020,
the Government decides to
make payment more flexible
taxes for businesses and selfemployed
workers.
This flexibilization allows that
on the due payment date the
obligation can be fulfilled by
one of the following ways:
> immediate payment, under
the usual terms;
> payment divided into three
monthly instalments without
interest;
or
> fractional payment in six
monthly instalments, being
late payment interest only applies
to the last three.
For all of these situations of
fractional payment instalments
it will not be necessary
for people or companies to
provide any guarantee.
This measure covers VAT payments
(in the monthly and

quarterly) and delivery to the
state of retentions in the source
of IRS and IRC and is applicable
to self-employed and companies
with a volume of business
up to 10 million euros in 2018,
or beginning of activity from
1 January 2019. The remaining
companies or self-employed
may require the same payment
flexibility of these tax obligations
of the 2nd quarter if they
had a decrease in turnover of
at least least 20% on average of
the three months prior to the
month in that this obligation
exists on the same period of
the previous year.
Exceptional measures related
with the exemption from providing
work / company obligations
towards its workers
In the context of exceptional
measures, one of the first measures
of the Government was to
caution the workers and their
families.
Thus, the Portuguese Government
through Decree-Law No.
10- A / 2020 came to establish
a set of protection measures in
sickness and parenting, cf. referred
to in Articles 19 and ss of
the identified diploma.
Regarding the situations that require
prophylactic isolation, the
diploma expressly refers the following:
The situation of prophylactic isolation
was treated like a disease
situation for 14 days of workers
on behalf of others and self-employed
workers on the general
social security scheme, motivated
by situations of serious risk to
public health announced by the
entities that exercise authority of
health (designated entities identifies
in article 5 of DL 82/2009 of
2 of April).
The granting of a subsidy for situations
requiring prophylactic
isolation correspond to 100% of
the remuneration.
The entitlement to this subsidy
for disease does not depend on
verification of the guarantee period,
the professionality index,
the temporary disability certification
to work and not is subject
to waiting period.
In the case of beneficiaries who
does not have more than six
months with record of remunerations,
the reference remuneration
is defined according to the
following formula:
R/(30 x n)
R = total registered earnings
since the beginning of the period
of reference until the day before
prophylactic isolation
n = number of months for which
they report
Also, in situations of illness of
workers or of self-employed
workers in the general social
security regime with sickness
caused by COVID-19, the attribution
sickness benefit is not subject
to waiting period.
Furthermore, it should be noted
that, in the case of assistance of
a child or grandchild in prophylactic
isolation a subsidy was created,
that is, it was recognized
that the situation is justified due
to monitoring prophylactic isolation
during 14 days of child or
other dependent on workers on
behalf of others of the general
social security scheme, motivated
by situations of serious risk to
public health.
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Legal Update Covid-19
20 MARCH 2020
It is also considered the allocation
of a grant for assistance of
a child or grandchild under 12
years, or regardless of age, with
disability or chronic illness, in
prophylactic isolation.
The granting of this allowance
does not depend on guarantee
period.
In the case of beneficiaries who
do not have six months with registration
of remunerations, remuneration
reference is defined
with the formula R / (30 x n).
Yet, as additional family support
for workers on behalf of others, it
is implemented that:
The absences of workers resulting
from teaching and nonteaching
face-to-face activities
at school or at any other
scholar establishment are considered
justified, without loss
of rights except for retribution.
The worker who perform his
work to another person will
still have the right to receive
exceptional monthly, support
corresponding to two thirds
of your base salary, paid in
equal parts by employer and
the Social Security, with the
limit minimum remuneration
minimum monthly guarantee
and by maximum limit three
(RMMG).
The Social Security portion is
handed over to the employer
which shall pay it entirety to
the worker.
When the employer is a public
entity, with exception of the
business sector of the state,
the support provided for in this
article is fully guaranteed in
the same terms.
This support is automatic deferred
upon request of the employer.
It should be noted that, this is
a subsidiary measure because
it only applies in the circumstances
in which no other way
is possible for the worker activity,
namely through teleworking,
and can only be granted to
one of the parents and regardless
of the number of children
in charge.
As for the measures to support
self-employed workers, Decree-
-Law No. 10-A / 2020 in arts. 26
and ss provides the following
measures:
In situations of assistance to
child up to 12 years old or independently
age, with chronic
disability or illness due to the
closure of the educational establishment,
the self-employed
subject to compliance of the
contributory obligation in at
least 3 consecutive months at
least 12 months ago, is entitled
to a monthly support corresponding
to one third of basis
monthly contribution referring
to the first quarter of 2020.
This support is limited to 1 Indexing
of Social Support (IAS)
and maximum of 2 ½ IAS
Support is allocated automatically
upon request, as long as
there are no other ways to perform
the worker activity namely
through teleworking and can
only be received by one of the
parents regardless the number
of children.
This support and the one foreseen
for dependent workers
cannot be obtained simultaneously
by both parents and is
only receives once regardless of

the number of children.
In what concern the extra-ordinaries
support measure in relation
with the reduction of the
economic activity of the independent
worker the following
should be noted:
Self-employed workers other
than pensioners will be entitled
to financial support if in a
proven situation of completely
stopping of activity or of their
activity sector as a result go an
outbreak of COVID-19 through
a statement from himself, under
honour, or from a certified
accountant who can attest the
mentioned circumstances.
The self-employed will be entitled
to financial support for
one month, monthly, extendable
up to a maximum of six
months, corresponding to the
value of its registered remuneration
as the basis of contributory
impact, with the IAS
value limit.
Financial support is paid from
the month following the presentation
of the application.
As long as the payment of the
extraordinary support is maintained,
the independent worker
maintains the quarterly declaration
obligation when subject to
this obligation.
This support cannot be combined
with the planned support
for children assistance by virtue
of the establishment education.
The workers covered with this
financial support are entitled to
defer the payment of contributions
due in the months this extraordinary
financial support is
paid.
The payment of contributions
due for the period of differently
must be carried out from the
second month after a maximum
period of 12 months, in monthly
and equal instalments.
To the instalment agreements it
is applicable art. 8 of DL 213/2012
of 25 September.
Other exceptional measures related
to the dispensation to provide
work and obligations from
companies to workers, established
by the government under
the declaration state of emergency
are the following:
All public services will be performed
though teleworking,
services that include public
attendance will remain close,
being recommended in this
period telephone or online services.
It will only be possible to
use public services in person
through advanced booking.
Teleworking is now recommended
for all companies,
public and private, whose activity
can be carried out.
Companies that have to keep
up and running face-to-face
work, including factories are
obliged to follow the guidelines
of the General Directorate
of Health of social distance,
individual protection of
workers and hygiene of work
places. This protection should
be ensured by the companies,
namely through the acquisition
of goods individual protection
and sanitation. These
recommendations apply to
canteens and cafeterias, which
will remain working.
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Legal Update Covid-19
20 MARCH 2020
Extraordinary Measures
of Protection of Leaseholders
and Housing
Law No. 1-A / 2020 of 19 March established protection rules to
tenants until the prevention measures cease, containment, mitigation
and treatment of COVID-19 disease.
In these terms it is suspended:
1. The effect of the termination made by the landlords, in housing
and non-housing lease agreements, protecting the tenant’s position
that will maintain the right to use the property.
2. The execution of mortgages on properties that constitute family
house of the debtor.
Air Traffic Interdiction
(Order No. 3427-A / 2020)
As a preventive and containment
of the spread of COVID-19
disease, it was declared that for
a period of 30 day all air traffic
with destination and depart
from Portugal for countries not
integrated in the European Union
is interdicted.
Any flights from third countries,
not previously mentioned intended
for allowing the return
of nationals Portuguese and / or
residence permit are authorized,
provided that such flights are
promoted by competent authorities
of such countries.
Civil Requisition
However it is flights between
Portugal and the following countries
will be permitted:
1. Countries associated with
Schengen space- Liechtenstein,
Norway, Iceland and
Switzerland;
2. The Portuguese-speaking
countries, with the exception
of Brazil which is limited to
flights from and to São Paulo
and Rio de Janeiro;
3. United Kingdom, United States
of America, Venezuela, Canada
and South Africa, due the presence
of important Portuguese
communities.
By means of Decree No. 73-A /
2020 and the Council of Ministers
Resolution No. 10-C / 2020,
the Civil Requisition of the stowage
and port workers was declared.
This civil requisition aims to
ensure the regular functioning
of ports, due to the strike of
the port and stowage workers,
whose momentary or continuous
shutdown, would cause serious
disturbances in this period
of emergency.
In these terms, the requisition
for these workers was declared
until 30 of March of 2020 or until
the end of its stike.

Securities and exchange
commission
Generic measures:
The constraints of COVID-19 disease
have affected the markets
across the globe so the CMVM in
the light of the circumstances in
defense of the market, of investors
and their entities decided to:
Supervise the operability of continuity
business plans of entities
under the prudential supervision
and / or behavioural.
That must be communicated to
CMVM the immediately activation
of continuity business plans
and eventual situations where
such continuity can be found in
risk.
Clarify that the business plans
continuity should ensure the
ability of compliance with all legal
and regulatory duties, namely
reporting of information and
safeguarding investor rights, including
the provision of information
to investors and registration
of orders received.
Promote the assessment of difficulties
information in order to
resolve any constraint that can
affect the legal duty of information.
Strengthen the reporting obligations
communication to the
CMVM, namely increasing the
frequency of reporting some
obligations, in particular in the
scope of asset management, in
case this information is daily required.
Increase the daily contacts with
management entities and market
structures.
Issuers must communicate, as
soon as possible, all relevant information
about Covid-19 impacts
on its business, financial
situation and economic performance.
Financial reporting - in particular,
the 2019 annual financial report
if it hasn’t been finalized or,
otherwise, when reporting interim
- should also reflect impacts
both current or potential, as far
as possible, taking a based on a
quantitative and qualitative assessment.
Monitor investor performance
with small positions in national
issuers and depending on their
effects for the market and for
issuers, to evaluate on a permanent
basis the possibility of
introduce temporary prohibitions
of constitution or reinforcement
of small positions on
shares traded on the national
marked, privileging that measures
of this nature are adopted
in a coordinated manner and
uniform in accordance with the
European plan;
Recommendations
on the Audit activity
Given the limitations on access
to information or customers facilities,
alternative procedures
should be developed to allow
the consultation of important
and relevant documents for the
legal accounts certification or
any other audit reports.
In view of the above, CMVM recommends
to the auditors the
following:
Promote an assessment of
business continuity audited
entity, identifying economic
prospects and direct impacts
resulting from the spread of
COVID-19 disease.
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20
Legal Update Covid-19
20 MARCH 2020
Collaborate with entities audited
to identify the impacts and
risks that the spread of COV-
ID-19 can provoke in activity
and financial demonstrations.
Carry out an assessment and
confirmation on the adequacy
of their disclosures in the financial
statements measures
and implement measures to
allow a response to the identified
risks.
Recommendations
on conducting General
Assemblies:
Following the measures decreed
by the Government for the General
Assemblies (Decree-Law No.
10-A / 2020, of 13 March), namely
the extension of completion
deadlines of general meetings
until 30 June 2020, CMVM recommends
that:
If implications lead to the impossibility
of a general telematic
meetings a combination of faceto-face
and non-face-to-face
means should be used, as follows:
Partial use of telematic communication
and interactive
means, allowing interactivity
among the participants of that
meeting.
Promotion of means of a digital
broadcasting and remotely
viewing or the availability of
physical separated spaces with
video access to the meeting
site.
The availability of prior information
of the General Assembly
(such as the agenda, time and
telematic access information)
published on the company`s
website
The exercise of voting rights
and information as well as other
communications carried out
electronically.
That the means available to the
General Assembly allow the full
identification of present shareholders