What protection is offered to debtors by a corporation or a limited liability company (LLC)?

João Valadas CorielManaging Partner, Valadas Coriel & Associados

Taken from International Asset Protection Planning: The debtor’s dilemma – planning for and protecting against future judgments
Virtual Round Table Series, December 2016: Private Client Working Group

Bearer shares and assets held within a Portuguese limited liability company are, in principle, shielded from a judgment against an individual. If the shares are nominative, the creditor might seize or execute such shares, but not the property itself. If the property held by the company is subject to tenancy or right of use and residence restrictions, then the beneficiary of these liens is shielded from eviction.