The Legal 500

Cuatrecasas, Gonçalves Pereira

PRAÇA MARQUÊS DE POMBAL, 2, LISBON 1250-160
Tel:
Work +351 21 355 38 00
Fax:
Fax +351 21 353 23 62
Web:
www.gpcb.pt
Email:

What we say about the firm's legal practice in Portugal

Banking and finance

Within Banking and finance, Cuatrecasas, Gonçalves Pereira is a first tier firm,

Cuatrecasas, Gonçalves Pereira’ clients state ‘the firm is certainly on par with the top firms in the world by way of knowledge, service and product’. The team acted for Anglo Irish Bank in the structuring, drafting and negotiation of a loan and related security documents, valued at €124.7m. The practice also played a role in the BCP/Aquapura Investment deal, wherein it advised the latter on its revision and negotiation of all loan and security documents. This transaction spanned both Portuguese and Czech jurisdictions, and is testament to the firm’s cross-border capabilities. Department head Manuel Magalhães impresses clients with his insurance sector expertise.

Capital markets

Within Capital markets, Cuatrecasas, Gonçalves Pereira is a second tier firm,

Noted for its ‘ability to respond rapidly to clients’ needs’, Cuatrecasas, Gonçalves Pereira’ capital markets practice is led by the ‘very capable’ Maria João Ricou. The team recently advised Rede Ferroviária Nacional on a €500m revolving loan facility agreement for a syndicate of banks, including ABN AMRO, Banco Santander Totta, Barclays Bank, BNP Paribas, Caixa Geral de Depósitos and Société Générale. The team also advised Metro do Porto on the borrowing of €120m from JPMorgan, whilst also assisting Banif with the issue of €50m worth of covered bonds.

Corporate and M&A

Within Corporate and M&A, Cuatrecasas, Gonçalves Pereira is a second tier firm,

Cuatrecasas, Gonçalves Pereira recently advised OnGoing Strategy Investments on the acquisition of Económica, whereby OnGoing gained control of Económica’s subsidiaries, Diário Económico and Semanário Económico. Frederico Pereira Coutinho led a team advising MobiComp – Computação Móvel, and respective shareholders, on the sale of its entire share capital to Microsoft Corporation. Another highlight includes assisting Total France with the sale of Total Portugual to CEPSA. Manuel Castelo Branco leads the department, chosen for its ‘quality of advice and the ability to understand clients’ business’. Recommended partners include Diogo Perestrelo, André Luiz Gomes, José Diogo Horta Osório, and Luís Soares de Sousa.

Dispute resolution

Within Dispute resolution, Cuatrecasas, Gonçalves Pereira is a second tier firm,

Cuatrecasas, Gonçalves Pereira remains active in a number of complex disputes cases, recently advising the Portuguese State (AICEP) in litigation proceedings concerning the breach of an agreement entered into with General Motors Group. The firm is solidifying its arbitration expertise, and is often instructed for assistance with mediation and corporate crime matters. Significant clients include BASF, Galp Energia, Lenovo and BMW. Chosen for their ‘competence and strong reputation’, department figureheads include managing partner, Manuel Castelo Branco and Miguel Esperança Pina, while the firm’s Oporto office also has litigation experience in Mr. José de Freitas.

EU and competition

Within EU and competition, Cuatrecasas, Gonçalves Pereira is a second tier firm,

The ‘very good’, Cuatrecasas, Gonçalves Pereira recently represented easyJet with the acquisition of the entire issued share capital of GB Airways. The team also assisted UnitedHealth Group on filing a joint notification before the PCA, together with Vieira de Almeida on behalf of Tranquilidade, concerning the acquisition and control of AdvanceCare – Gestão de Serviços de Saúde by transfer of part of the share capital. Described by clients as ‘professional and updated’, the team is recommended for its ‘high degree of legal know-how and personal, professional quality’. Frederico Pereira Coutinho leads the department, while former European Commissioner António Vitorino offers strong expertise in this practice area.

Employment

Within Employment, Cuatrecasas, Gonçalves Pereira is a second tier firm,

Cuatrecasas, Gonçalves Pereira was strengthened by the arrival of Diogo Leote Nobre, a ‘very strong practitioner’ and former founding partner of Saraiva e Sousa, Gomes de Almeida & Associados. Maria da Glória Leitão continues to lead the department which provided due diligence advice to the firm’s corporate team, in addition to advising on day-to-day matters for a number of domestic and foreign companies in the retail, banking and insurance sectors. Clients say, ‘Everytime we need their support the team is always available to talk with us and to solve problems very quickly’.

Intellectual property

Within Intellectual property, Cuatrecasas, Gonçalves Pereira is a second tier firm,

Carlos de Almeida Sampaio leads the IP department at Cuatrecasas, Gonçalves Pereira, providing regular advice to clients including Walt Disney, Getty Images and Associated British Foods. The team recently assisted with all IP issues related to the corporate reorganisation of Universal Music Portugal.

Legal market

Within Legal market,

Spanish firms Uría Menéndez, GARRIGUES and Cuatrecasas, Gonçalves Pereira continue to solidify their Portuguese presence, each representing a host of high-calibre Portuguese clients. The global re-branding of Cuatrecasas, Gonçalves Pereira is indicative of the firm’s commitment to full integration between its Portuguese and Spanish offices. It would appear that many Spanish firms are keeping one eye firmly set on the Portuguese market, with Gomez-Acebo & Pombo Abogados rumoured to be its newest entrant.

Oporto: Leading commercial firms

Within Oporto: Leading commercial firms, Cuatrecasas, Gonçalves Pereira is a second tier firm,

Cuatrecasas, Gonçalves Pereira remains one of Oporto’s leading firms. At 25 fee-earners and three partners, the Oporto office is very much stand-alone and full-service, with particular specialism in corporate and M&A, labour, tax, public law and litigation. The firm is expanding its presence in the energy sector, whilst also focusing on healthcare services clients. Serving small-to-medium sized companies, the team provides ongoing advice to a number of highly coveted local players. José de Freitas has been with the Oporto office since 1989, and is regarded by many as a ‘good, strong lawyer’.

Project finance

Within Project finance, Cuatrecasas, Gonçalves Pereira is a first tier firm,

Very professional and up-to-date’, Cuatrecasas, Gonçalves Pereira is a top-choice for project finance matters. The team is advising a consortium of bidders, including Mota Engil, Somague, Vinci, Teixeira Duarte, MSF, OPWAY, Banco Espírito Santo, Banco BPI and Banco Iest, in a public tender proposal for the TGV between Poceirão and Caia. Other highlights include assisting the consortium Somague/MSF with a proposal for the new Portuguese highway concessions under Portugal’s new PPP road financing model, including Transmontana, Baixo Alentejo and Douro Interior. Considered someone with ‘a high degree of legal know-how’, Diogo Perestrelo leads the team, ably supported by partner Duart Abecasis.

Public law

Within Public law, Cuatrecasas, Gonçalves Pereira is a first tier firm,

Duarte Abecasis heads the first-class public law department at Cuatrecasas, Gonçalves Pereira, noted for its ‘reactivity, fairness and competitive prices’. The team stakes involvement in many of Portugal’s most coveted public projects, including advising a consortium on its international public tender bid for the TGV at Poceirão to Caia. The team is also advising Metro do Porto on its financing of the network expansion plan and refinancing of the first investment phase, in addition to assisting the Somague/MSF consortium with its concession bid for Portugal’s new highways project. The practice is characterised by its ‘strong ability to listen to client’s needs and willingness to take initiative’.

Real estate

Within Real estate, Cuatrecasas, Gonçalves Pereira is a first tier firm,

Cuatrecasas, Gonçalves Pereira is very active in the tourism sector, having recently been involved in the beach resort project, Quinta da Praia. The team advised Colinas do Alvor in the negotiation of a management agreement between the Quinta da Praia resort and Hilton International, in addition to assisting with general real estate matters, such as town planning and licensing. On the residential side, Drago Capital instructed the department to advise on real estate issues concerning several residential developments in Lisbon and Oporto. Other active clients include Carlyle, Hamptons International and H&M. Under the direction of Frederico Pereira Coutinho and Nuno Sá Carvalho, the team is ‘at the client’s disposal to find out alternative solutions in a comprehensive way’.

TMT

Within TMT, Cuatrecasas, Gonçalves Pereira is a third tier firm,

Frederico Pereira Coutinho led the team at Cuatrecasas, Gonçalves Pereira who advised MobiComp – Computação Móvel on its acquisition by Microsoft Corporation. The practice also assisted with the start up of a paysafecard operation in Portugal.

Tax

Within Tax, Cuatrecasas, Gonçalves Pereira is a first tier firm,

Clients choose Cuatrecasas, Gonçalves Pereira because ‘even as a big office, they act as promptly as a small office; the team is always available to talk and solves problems quickly’. The team advised GALP on tax issues related to branch incorporation in Spain and the allocation of a share portfolio. EDP Inovação sought the firm’s tax advice on the structuring of energy and new technologies investments, while it continues to provide ongoing advice to ING Real Estate on the structuring of a property logistics fund concerning Portuguese assets. Diogo Ortigão Ramos, a ‘truly great lawyer’ heads the department, while London-based António Rocha Mendes is thought to have ‘tremendous tax expertise and a lot of practical experience’. Carlos Almeida Sampaio also fetches positive market feedback.


Legal Developments in Portugal

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Labour & Employment

    1 What are the main statutes and regulations relating to employment? The main statutes relating to employment are the Portuguese Employment Code (approved by Law 7/2009 of 12 February 2009) and the Regulation of the Employment Code (Law 35/2004 of 29 July 2004) which is still in force notwithstanding the fact that parts have been revoked with the entry into force of the new Employment Code. Within the Employment Code, the vast majority of the rules are mandatory and, therefore, can only be modified by agreement of the parties and only if such amendment is intended to improve the position or rights of the employees.
    - F. Castelo Branco & Associados
  • Labour and Employee Benefits

    Country Q&A Portugal: Employee Share Plan
    - F. Castelo Branco & Associados
  • PAYMENT SERVICES - PROHIBITION OF CHARGING

    Following the public discussions which took place after the approval of the Decree-Law no. 317/2009 of 30 October (Decree-Law 317/2009)1, the Decree-Law no. 3/2010 of 5 January (Decree-Law 3/2010) was published in the Official Gazette, imposing a prohibition on credit institutions to charge on automated teller machines2 (ATM) transactions, as well as, a prohibition on beneficiaries to charge payment transactions in automatic payment terminals and devices.
    - PLMJ - A. M. Pereira, Sáragga Leal, Oliveira Mart
  • EMAS – NEW REGULATION

    The EU Eco-Management and Audit Scheme (EMAS) is a voluntary scheme which is designed to recognise and reward proactive companies and organisations that undertake to evaluate, manage and improve their environmental performance. When an organisation proves that its environmental performance has been improved according to previously set objectives, as verified by an independent body, it can begin using the EMAS logo. The logo is not only proof that the organisation has set up a strict programme of environmental performance improvement, but also that it respects existing environmental legislation and that its employees play an important role in the process.
    - PLMJ - A. M. Pereira, Sáragga Leal, Oliveira Mart
  • Labour and Employee Benefits 2008/09 Volume 2: Employee Share Plans

    Country Q&A Portugal
    - F. Castelo Branco & Associados
  • Proposed New Set of Corporate Governance Rules for Portugal

    The Portuguese Securities Regulator (Comissão do Mercado de Valores Mobiliários, hereinafter “CMVM”) has recently launched a public consultation on a proposal for a new set of corporate governance rules and recommendations applicable to listed companies subject to Portuguese Law. When approved, this new regime will supersede the previous rules and recommendations enacted in 2007, thus introducing more stringent requirements for listed companies in Portugal. Among the proposed changes, remuneration and audit are the main areas of regulatory concern.
    - PLMJ - A. M. Pereira, Sáragga Leal, Oliveira Mart
  • Doing Business in Portugal and Czech Republic

    Portugal is the westernmost country of mainland Europe and is bordered by the Atlantic Ocean to the west and south and by Spain to the north and east and also encompasses two autonomous Atlantic regions, notably the Azores and Madeira archipelagos. Portugal has an area of 92,090 km2 and 10,676,910 inhabitants (2008 estimate). It is a founding member of the OECD and NATO and is member of the European Union since 1986.
    - PLMJ - A. M. Pereira, Sáragga Leal, Oliveira Mart
  • Temporary and non-habitual residents

    Several countries have already introduced the concept of “temporary non-residents” into their tax orders, thus enabling them to lay down special rules regarding the taxation of income received by those who are habitually resident in these countries, but take up residence in another country for a certain period – which as a rule does not exceed 5 years and is very often a result of secondment - and subsequently return to their former country of residence.
    - PLMJ - A. M. Pereira, Sáragga Leal, Oliveira Mart
  • Acess to Electronic Communications Infrastructure

    September has brought a novelty concerning the access to the electronic communications infrastructure: the approval by the Ministry of the Environment of Decree-Law 258/2009, of 25th September.
    - PLMJ - A. M. Pereira, Sáragga Leal, Oliveira Mart
  • Municipal Property Transfer Tax (IMT) on VAT in real estate transactions

    On 27 August 2009, the Portuguese Directorate-General of Taxation (DGCI) approved Circular no. 21/2009, revoking the previous administrative instructions concerning VAT as a basis for charging Municipal Property Transfer Tax (IMT), whenever the parties waive that tax in real estate transactions.
    - PLMJ - A. M. Pereira, Sáragga Leal, Oliveira Mart