Academic will present new recovery plan after lead in Relation

A director of the ‘briosa’ revealed that he had this morning knowledge of the judgment given by the Coimbra Court of Appeal, which confirmed the non-approval of his insolvency plan, decided at first instance by the Trade Court in May.

“ Aware of their responsibilities and ensuring complete readiness to meet the demands of the process, the management acted immediately. Our legal advice services have been promptly activated and are already delineating subsequent initial steps. It should be stressed that the structure of the new recovery plan will integrate and will strictly respect the recommendations and grounds set out in the court’s decision”, reads on the Academica page on Facebook.

The Academica assured this time the return to the II Football League, four years later, and follows in the eighth rank with nine points, the result of three victories and three defeats (in the last three days).

“Our absolute priority is to ensure the viability and stability of the institution. To that end, we have undertaken to conclude and submit the new document to the creditors' assessment and approval as quickly as possible. This ability to respond quickly and proactively is essential for the process to proceed safely, uninterruptedly and in strict compliance with the law,” he said.

And he added: “We will continue to work rigorously in the uncompromising defense of academic superior interests, keeping the associative mass informed about the next developments.”.

At the end of May, Academica had announced that it would appeal to the judgment of non-approval of the insolvency plan by the Coimbra Trade Court, thus proving to be convinced in a “favourable final outcome”, which did not come to fruition.