Judgement of the Supreme Court of Justice no. 3/2021 - consequences of the refusal of compliance with the promissory sale and purchase agreement by the insolvency administrator of the promissory seller

Legal alert no. 161

On August 16^th, 2021, it was published in “Diário da República” the judgment no. 3/2021, of the Supreme Court of Justice, which unifies case law, as per follows:

When the insolvency administrator of the promissory seller decides to refuse the compliance of the promissory sale and purchase agreement with no real effectiveness, the promissory purchaser is entitled to be compensated for the amount corresponding to the provision made by him.

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