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Linklaters

AV. FONTES PEREIRA DE MELO 14, 15TH FLOOR, 1050-121 LISBOA, PORTUGAL
Tel:
Work +351 21 864 00 00
Fax:
Fax +351 21 864 00 01
Web:
www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Portugal

Banking and finance
Banking and finance - ranked: tier 1

Linklaters

Linklaters ensures ‘effective interaction with offices abroad’, utilising its global ties in large cross-border deals. Domestic work included advising flag carrier TAP on the refinancing of €450m-worth of debt in the context of its privatisation, and assisting Banco Santander, CaixaBI and J.P. Morgan Securities with a €532m bridge loan for Redes Energéticas Nacionais (REN)’s acquisition of Energias de Portugal (EDP)’s gas distribution business. Francisco Ferraz de Carvalho and ‘knowledgeable’ counsel Gonçalo Veiga de Macedo are recommended. Pedro Siza Vieira left the firm in 2017 to take up a position as a government minister.

Next generation lawyers

Gonçalo Veiga de Macedo - Linklaters

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Capital markets
Capital markets - ranked: tier 1

Linklaters

Linklaters frequently co-operates with its international offices to act on cross-border transactions. In one example, it advised Fosun on investing in the share capital of Millennium BCP through a private placement and an ongoing rights issue to reach a final participation of up to approximately 23.9%. António Soares ‘instils comfort and confidence’ in clients, and managing associate Vera Ferreira de Lima is ‘very helpful’. Managing associate Joana Vilhena left for an inhouse position at Explorer Investments in July 2017.

Leading individuals

António Soares - Linklaters

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Linklaters

According to one client, Linklaters’ ‘efficient, clear and creative work is worth every penny’. The team acted for Marguerite Adviser on its acquisition of two greenfield projects for the construction and operation of biomass power plants. António Soares’ experience ‘instils confidence in the client’; counsel Diogo Plantier Santos is ‘sharp in his reactions and interventions’. Marcos Sousa Monteiro heads the team.

Next generation lawyers

Diogo Plantier Santos - Linklaters

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Dispute resolution
Dispute resolution - ranked: tier 2

Linklaters

Linklaters provides ‘swift and competent responses’, and is particularly rated for handling banking and finance disputes. Nuno Ferreira Lousa is defending Deloitte against a €900m claim brought by Pharol concerning the alleged breach of auditor obligations. ‘Intelligent’ counsel Ricardo Guimarães is another name to note.

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EU and competition
EU and competition - ranked: tier 1

Linklaters

Linklaters has one of the most renowned competition teams in the market, and is increasingly active in merger control. Another area of focus is state aid in the financial sector, with clients including Novo Banco, Millennium BCP and Oitante. Carlos Pinto Correia has ‘very good knowledge of the subject matter’ and leads a team of three, which includes managing associate João Pateira Ferreira.

Leading individuals

Carlos Pinto Correia - Linklaters

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Employment
Employment - ranked: tier 3

Linklaters

Linklaters provides‘fast responses’ when handling employment matters pertaining to transactions. The team acted for Sodalis Group on its director’s termination agreement and on hiring new employees in connection with the client’s acquisition of Brandcare. Counsel and practice head Marta Afonso Pereira is ‘very attentive’.

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Energy and natural resources
Energy and natural resources - ranked: tier 2

Linklaters

The ‘excellent’ team at Linklaters focuses on transactional and financing work for energy projects. It advised Iberwind on the financing of the overpowering of existing wind farms and the repowering of the Vila Lobos wind farm. Managing associate Vera Eiró has public law expertise; Francisco Ferraz de Carvalho is particularly rated for project finance. Pedro Siza Vieira left the firm in 2017 to take up a position as a government minister.

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Insolvency and restructuring
Insolvency and restructuring - ranked: tier 1

Linklaters

With strong expertise in bank insolvencies, Linklaters is advising Novo Banco on the resolution of the bank. Another area of focus is distressed M&A. The group includes Nuno Ferreira Lousa and counsel Gonçalo Veiga de Macedo. Pedro Siza Vieira left the firm in 2017 to take up a position as a government minister.

Leading individuals

Nuno Ferreira Lousa - Linklaters

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Intellectual property
Intellectual property - ranked: tier 4

Linklaters

Linklaters is representing Pfizer in patent infringement disputes. Carlos Pinto Correia leads the group.

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Projects and project finance
Projects and project finance - ranked: tier 1

Linklaters

The ‘strong negotiators’ at Linklaters act on numerous projects in Lusophone African countries, particularly Mozambique. Domestic work includes advising Marguerite Adviser on its €80m financing of biomass power plants. The ‘competent, experienced and client-focused’ Francisco Ferraz de Carvalho led advice on this matter. Of counsel Rita Ferreira dos Santos has a ‘thorough’ approach. Pedro Siza Vieira left the firm in 2017 to take up a position as a government minister.

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Public law
Public law - ranked: tier 2

Linklaters

Linklaters’ public law team recently advised Oporto light rail system sub-concessionaire Prometro on renegotiating the sub-concession agreement for an additional two years, as well as on the contract performance. ‘Intelligent, responsible’ counsel Ricardo Guimarães and managing associate Vera Eiró are experienced in the area. Pedro Siza Vieira left the firm in 2017 to take up a position as a government minister.

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Tax
Tax - ranked: tier 3

Linklaters

Linklaters focuses on tax support in M&A and asset transactions, such as advising Marguerite Adviser on the acquisition of two biomass power plants. ‘Very bright’ practice head Rui Camacho Palma was promoted to partner in May 2017.

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Further information on Linklaters Business Services

Please choose from this list to view details of what we say about Linklaters Business Services in other jurisdictions.

Legal Developments in Portugal

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • MOZAMBIQUE | VAT CODE AMENDED

    Law no. 13/2016, of 30 December 2016, which amended and republished the Mozambican VAT Code, was recently rectified by a Notice, dated June 8th.
  • ARTICLE 29 WORKING PARTY GUIDELINES ON THE EU GENERAL DATA PROTECTION REGULATION

    In order to clarify some of the new obligations stemming from the EU General Data Protection Regulation (“GDPR”), which will apply as of 25th May 2018, the Article 29 Working Party (“WP29”) – the independent European consulting body for data protection issues – recently issued its “Guidance on Data Protection Impact Assessment (“DPIA”)”. This document will be available for public consultation until 23rd May, 2017.
  • CNPD APPROVES 10 MEASURES TO PREPARE FOR THE GENERAL DATA PROTECTION REGULATION

    On 28th January, 2017, the Portuguese Data Protection Authority (Comissão Nacional de Proteção de Dados/CNPD) published a document establishing 10 measures for entities to prepare for the application of the General Data Protection Regulation (“GDPR”).
  • ANGOLA | NEW REGULATION ON THE LICENSING OF ESTABLISHMENTS AND OF COMMERCIAL ACTIVITY

    Presidential Decree no. 193/17, which approves the Regulation on the Licensing of Establishments and of Commercial Activity and Market Services (“Regulation”), was published on 22 August. The Regulation, which will enter into force on 21 October (60 days after its publication), establishes the conditions and procedures governing the licensing of commercial activities and market services, as well as the licensing of the respective establishments, revoking Presidential Decree no. 288/10, of 30 November (Regulation on the Licensing of Commercial Activity and the Provision of Market Services), as well as all prior regulations on the matter contrary to the provisions of the new Regulation.
  • MOZAMBIQUE | PETROLEUM PRODUCTS SUPPLY

    Ministerial Statute 50/2017, of 11 July 2017, sets forth the measures approved by the Ministry of Mineral Resources and Energy to streamline petroleum products’ import into and supply to the country and ensure fuel supply safety, regularity and quality. The newly approved measures obviously have a direct impact on distributors, but also affect suppliers, IMOPETRO, commercial banks operating in-country and the Banco de Moçambique (“BdM”).
  • Mozambique VAT Code Amended

    Law no. 13/2016, of 30 December 2016, which amended and republished the Mozambican VAT Code, was recently rectified by a Notice, dated June 8th.
  • COMPANIES CODE AMENDED

    Decree-Law 79/2017, of 30 June 2017, was published last Friday and amends both the Insolvency and Corporate Recovery Code and the Companies Code, in order to implement the goals of the “Programa Capitalizar” approved by Council of Ministers Resolution 42/2016, of 18 August 2016
  • ANGOLA | SIGNIFICANT AMENDMENTS TO REGULATIONS ON THE PERFORMANCE OF A PROFESSIONAL

    Please be aware that a new Presidential Decree has been published on 24th of April (Presidential Decree 79/17 of 24 April) which, among others, introduces the following significant amendments to former Presidential decree 43/17 of 6 March (regulations on the performance of a professional activity by nonresident foreign employees ):
  • PROHIBITION ON ISSUE OF BEARER SHARES

    Bearer securities have been prohibited under Law 15/2017, of May 3, 2017, published today. The Companies Code and the Securities Code have been amended in order to implement this measure.
  • ANGOLA | NEW REGULATIONS ON THE PERFORMANCE OF A PROFESSIONAL ACTIVITY BY NON-RESIDENT

    Presidential Decree 43/17, of 6 March 2017 (“DP 43/17”) just enacted new regulations on the performance of a professional activity by non-resident foreign workers, repealing former Decrees 5/95, of 7 April 1995 and 6/01, of 19 January 2001.