The plenary aims to determine the next steps after TiN’s insolvency plan was not approved by the court, leading to its closure. Luís Delgado, the sole shareholder of TiN, stated he would appeal the decision.
“If possible, we will appeal the decision not to approve the insolvency plan, which was approved by 77% of the creditors,” he said.
Another source indicated that the decision is subject to appeal within 15 days.
The court decided against the approval of TiN’s plan, even though no creditor or interested party requested this. The plan’s provisions regarding guarantees violated legal norms in the Law on Bills of Exchange and Promissory Notes.
“I decide not to approve the insolvency plan presented by Trust in News,” stated the judge from the Lisbon West Judicial Court today.
Consequently, “I end the administration of the insolvent estate by the debtor, assumed since 06/09/2025” and “declare the suspension of liquidation terminated as determined by the creditors’ assembly on 01/29/2025.”
Additionally, “I order the formal notification to tax authorities about the debtor’s closure” and “the continuation of proceedings with the immediate seizure and liquidation of the debtor’s assets,” according to the decision affecting the company owned by Luís Delgado.
The insolvency plan had been approved by 77% of creditors, with 23% opposing.
Founded in 2017, Trust in News owns 16 media outlets, including Exame, Caras, Courrier Internacional, Jornal de Letras, Activa, Telenovelas, and TV Mais.
