On the other hand, the written execution of a share guarantee contract involves the seizure of shares for those who do not have shares. The use of a single agreement or a separate agreement depends on the nature of the guarantee granted, since mortgages and income guarantees must be granted by public deed, while commitments can be granted by private agreements. Regulators` approvals may also cause significant delays in the implementation of the application when the sale of the forced assets to the purchaser under competition or sectoral regulation (sale of qualified stakes in financial institutions, defence industries and utility dealers) is subject to obtaining administrative approvals. If the company is a limited company (Sociedade por Quotas), registration of the collateral through the shares in the trade register is necessary. 3.2 Is it possible to ensure heritage security through a general security agreement or is an agreement necessary for each type of asset? In short, how`s it going? Yes, guarantees can be taken as collateral in Portugal. Since the above cases can be included in agreements, pledges as the rightful owner of the shares must be very careful when signing the share concession agreement, because if they do not meet their obligations and are late, the banks, as licensors, can enforce the collateral and sell all or part of these shares as collateral. , at the same time as the use or all of the rights granted to them under the share-building contract in question. In all cases, the formalities include executing an agreement and notifying the bank where the money is deposited (if the custodian bank is not the taker). Recognition of the Bank`s commitment is not necessary, but useful to ensure rapid implementation. (v) the pawning of a credit institution – a guarantee of cash or securities in favour of a credit institution; and (iv) the collateral of rights (including credits and receivables); According to (i) the Portuguese civil code, (ii) the Portuguese code of commerce, (iii) the financial pawning scheme or (iv) the bank foreclosure scheme, it is possible that the implementation of a regulation on consignments will be carried out in the context of an out-of-court procedure. Yes, guarantees by a pledge of receivables can be taken.

A written agreement and notification of the pledge to debtors are necessary for the collateral to be applied to these individuals.