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The new Commercial Court will be a reality as of September 1st this year and will serve the western Algarve, resolving legal disputes between companies as well as company insolvencies and individual bankruptcies.
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The president of the Banif Commission of Inquiry in Madeira is appalled that the governor of the Bank of Portugal, Carlos Costa, refused to turn up and give his version of a series of events that ended up costing customers €263 million.
"I express absolute repudiation for the attitude shown by those who refused to come here to give their testimony, with special emphasis on the governor of the Bank of Portugal, who, being an official of the State - and Madeira being part of the same State - refused to appear," said commission president, Carlos Rodrigues.