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Portuguese Supreme Court of Justice decision of 1 March 2016 regarding warranty clauses in controlling interest sale and purchase agreements

icon 5 de septiembre, 2016
In this decision, the STJ accepts, under the principle of contractual freedom set out in article 405 of the Portuguese Civil Code, the validity of warranty clauses – in the form of express warranties (garantias convencionais) or warranty obligations (obrigações de garantia) – by virtue of which the parties contractually agree to allocate the risk resulting from non-verification of the statement of fact covered by the warranty to the seller, transferring such risk to the seller, which under normal business risk-sharing would fall to the buyer…

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Autor/es

Mafalda Barreto – Socia

Susana Morgado – Asociada Sénior

Tipología

Análisis

Áreas y sectores

Mercantil

Mercantil