What we say about the firm's legal practice in Portugal
Banking and finance
Within Banking and finance, tier 4
PLEN – Sociedade de Advogados, RL advised Merrill Lynch (London) on the negotiation of an ISDA Master Agreement, providing a legal opinion on the enforcement of the set-off and close-out netting provisions of the Agreement against Portuguese state-owned enterprises and investment funds. The team has provided similar advice to prestigeous clients, Morgan Stanley, ING Bank and Credit Suisse. Tiago Ferreira de Lemos is recommended.
Corporate and M&A
Within Corporate and M&A, tier 6
PLEN – Sociedade de Advogados, RL advised on pre-sale corporate restructuring matters and sale negotiations relating to the €6m sale of Certora to Cadarso. For corporate and M&A advice, Nuno de Deus Pinheiro, Tiago Ferreira de Lemos and Acácio Pita Negrão are recommended.
Tax
Within Tax, tier 4
PLEN – Sociedade de Advogados, RL was recently instructed to assist Madjet – Transportes Aéreos on all tax matters relating to the acquisition, import and subsquent lease and flight management concerning a Hawker Beecraft aircraft. José Eliseu Mendes is regarded as a ‘ solid tax practitioner’.
What we say worldwide
Please choose another PLEN - Sociedade de Advogados, RL office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.
Portugal
Offices in Lisbon
Legal Developments in Portugal
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REDUCTION OF THE TERM OF THE GUARANTEE TO BE GRANTED FOR VAT REFUND PURPOSES
Last June 5 was published Decree-Law No. 136-A/2009 that reduced the term of the guarantee that the taxpayers have to grant to the Tax Authorities when requesting VAT refunds, from one year to six months. -
Micro-generation and tax benefits on renewable energies
On February 2, 2008, decree-law no 363/2007 came into force and the production of energy in Portugal entered a new era. The principle behind the new law is to save energy, reduce costs and protect the environment. Indeed, consumers are now allowed to produce electricity themselves through small power plants, ie not exceeding 5.75 kW, and sell the surplus to the public network with a limit of 150 kW. -
Foreign Investment Company – A new business category in China
It is expected 2009 to be the year that the Ministry of Commerce of the People’s Republic of China will offer foreign investors new (and interesting) enterprise structure possibilities in China mainland. -
Newsletter: March 2009 - Advertising - Information - Duties - Commercialisation
INFORMATION DUTIES IN THE COMMERCIALISATION ON INDEXED AND DUAL DEPOSITS, COMPLEX FINANCIAL PRODUCTS -
Portugal: Mergers and Acquisitions 2008/09
2007 demonstrated Portuguese shareholders’ opposition to hostile bids. Two major hostile public takeovers were announced in 2006, which involved four of the most important groups of Portuguese companies (that is, the general public bid announced by Sonae Group for the acquisition of shares issued by Portugal Telecom and the general public bid announced by Banco Comercial Português for the acquisition of shares issued by Banco BPI). Both failed by a large percentage. -
Brussels: Part of the problem or part of the cure
Iberian lawyers in Brussels question the willingness of the European Commissions to be flexible in the face of the continuing financial crisis. -
Energy Certification and the Quality of Air in Buildings
On 1 January 2009, the National Energy Certification and Quality of Air in Buildings System (SCE), as set out in Ministerial Order 4661/2007, of 5 June (the .MO.), came fully into force. This means that nearly all the properties that have already been built or those that will be built in the future in Portugal are or will come under this system. -
Doing Business in Portugal and Poland
Portugal is the western most 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. -
New tax forms for interest and royalties.
The new forms for reducing the amount of corporate income (IRC) tax to be withheld (MOD. 01-DJR) and for the partial refund of IRC (MOD. 02-DJR) withheld on the payment of interest and royalties between associate companies from different European Union Member- States under the Interest and Royalties Directive were approved in February. The directive, which had already been transposed into national law, set up a tax regime for interest and royalties payments, guaranteeing equal tax treatment for national and cross-border transactions and eliminating double taxation by abolishing taxes on interest and royalty payments in the Member-State from which they derive, and having these taxed solely in the Member-State of residence of the actual beneficiary. -
COMMUNITY FREEDOMS, DISCRIMINATION AND INCOME TAXATION IN PORTUGAL
The EC Treaty enshrines several economic freedoms: free movement of workers, capital and services and freedom of establishment safeguarded by a prohibition on discrimination which, over the years, has shown huge potential for calling into question various Member-State tax provisions in the field of direct taxation.