Article 44 of Commercial Code

1 - If the owner of the business does not pay the price or its remainder to the seller, or the debt on its due date Law Index 1261 Home Page Commerce Law Decree-Law No. 68 of 1980 Promulgating the Commerce Law to the pledgee creditor, the seller or pledgee creditor may, after eight days from the date of formal notice to his debtor and the possessor of the business, submit a petition to the judge of urgent matters requesting permission for all or some of the components of the business covered by the preferential right of the seller or pledgee creditor to be sold by public auction. 2 - The sale shall take place at the place, on the day, at the hour and in the manner specified by the judge. Notice of the sale shall be published at least ten days before it takes place.