Firms To Watch: Banking and finance

BROSETA Abogados' banking and finance service offering in Portugal was reinforced by the March 2023 addition of Gonçalo Castro Ribeiro, who joined from DLA Piper ABBC; the firm is now well placed to advise on a mix of leveraged financings, refinancings, project finance, and syndicated loans in the country and abroad.
Diogo Leónidas Rocha, former head of the banking and finance practice at Garrigues Portugal, joined J+Legal in January 2024, bringing a wealth of experience in distressed debt transactions, NPL deals and regulatory issues.
Following the opening of its Lisbon office in September, Pérez-Llorca added to its ranks banking and finance duo Carlos Vaz De Almeida and Manuel Cordeiro Ferreira, former RRP Advogados partners, and Inês Palma Ramalho, who was previously at Sérvulo & Associados, in December 2023.
Under the leadership of Márcio Carreira Nobre, the finance team at TELLES is regularly instructed by international and Portuguese banks in an array of financing deals – most notably M&A, financial instruments, and securities and regulatory matters.

Banking and finance in Portugal


Drawing considerable praise for its ‘competent, professional, very knowledgable and available’ team, Cuatrecasas instills ‘confidence’ in clients, advising on the full gamut of banking and finance matters. Counting banks, sponsors, borrowers, hedge funds and securitisation vehicles among its impressive roster of clients, the team regularly advises on large and complex transactions across the energy, real estate, fintech and retail sectors. The practice is jointly steered by Manuel Requicha Ferreira and Paulo Costa Martins: Ferreira is noted for his specialism in corporate finance and real estate transactions, with a particular focus on international hotel financing, while Martins is recommended for his broad experience in banking law, routinely advising banks and investment firms. Clients turn to Margarida Leal De Oliveira for her experience in debt restructuring, NPL’s and financing transactions across the roads, hospitality and energy spaces.

Practice head(s):

Manuel Requicha Ferreira; Paulo Costa Martins

Other key lawyers:

Margarida Leal De Oliveira; Francisco Soares Machado; Ana Guedes Teixeira


‘Competent, professional, very knowledgable and available.’ 

‘The quality, capacity and speed of response is very high. Always up to date with regulatory changes in Portugal.’

‘The high level of know-how of the various team members gives us the confidence to manage both our relationships with clients and regulators/supervisors in Portugal.’

‘We recommend Paulo Costa Martins and Francisco Soares Machado for their high know-how in both our activity and the regulations that affect us, which generates confidence, speed and efficiency in managing various situations.’

Key clients


Azora European Hotel & Lodging, F.C.R.

Mainpage SGPS

National Westminster Bank PLC

GetNet Europe

Monarch Capital Partners

Banco Inter

Groupe Adeo

Bison Bank

Novo Banco


Banco CTT



Work highlights

  • Advised Natwest on Portuguese law concerning the negotiation of the financing of new projects and the refinancing of the debt of Finerge Group.
  • Advised Stellantis on the reorganisation of the distribution activities of insurance and financing products in several European countries, which implied the implementation of new contractual arrangements between Stellantis N.V, BNP Paribas Personal Finance S.A. and Santander Consumer Finance S.A.
  • Acted for Monarch Capital Partners in the restructuring of the debt of Perufish group, a Peruvian fishery, pursuant to an English law restructuring plan under Part 26A of the Companies Act 2006.


Lauded as the premier choice for some of the world’s leading financial players, Linklaters assists clients with the full scope of banking and finance matters. Esteemed as trusted advisers to international banks, alternative asset managers, distressed debt traders and hedge funds, the team showcases notable strength in non-performing loan (NPLs) portfolio disposals, acquisition and project finance, and refinancing matters. Leveraging the firm’s accomplished ESG team, of which Francisco Ferraz De Carvalho and Maria de Athayde Tavares are active members, the practice provides clients with comprehensive guidance on environmental, social and governance issues across a wide range of sectors and contexts. Carvalho leads the wider banking practice and is noted for his focus on project finance, especially in the energy and infrastructure sectors. Key contact Gonçalo Veiga De Macedo represents financial institutions and companies in domestic and cross-border financings, while managing associate Teresa Novo Faria routinely advises on complex project finance and structured finance transactions.

Practice head(s):

Francisco Ferraz de Carvalho

Other key lawyers:

Gonçalo Veiga de Macedo; Teresa Novo Faria; Maria José Leite

Key clients



New Bank

IFC, Proparco and DEG

Aquaterra group

Morgan Stanley Infrastructure


Morais Leitão, Galvão Teles, Soares da Silva & Associados

Fielding a ‘prestigious team with clear client orientation’, the banking and finance practice at Morais Leitão, Galvão Teles, Soares da Silva & Associadosstands out as a strong choice for clients who seek advice on a range of matters, including high-value structured lending, securitisations, project finance, and fintech-related issues. Praised for the ‘mastery of the topics covered’, the practice counts prestigious Portuguese and foreign banks among its roster of clients. At the helm sits Filipe Lowndes Marques, who has extensive experience in the financing of infrastructure and energy projects. Cláudia Castanheira Dos Santos excels in structured finance, real estate and project finance, while the ‘very knowledge’ João Honorato is recommended for his strong credentials in bond and commercial paper issues, project finance and derivatives. Also part of the core team, Luís Branco is a reference in the domestic banking and finance market. Elmano Sousa Costa is praised for his ‘exhaustive knowledge of Portuguese legislation’.

Practice head(s):

Filipe Lowndes Marques

Other key lawyers:

Luís Branco; Pedro Gorjão Henriques; Cláudia Santos Cruz; Cláudia Castanheira dos Santos; Maria Soares do Lago; João Honorato; Elmano Sousa Costa


‘They summarised the aspects that we should perfectly consider as most important and clarified all the legal doubts that our lawyers raised.’

‘The team is always available; I particularly recommend Luis Branco and Elmano Sousa Costa.’

‘The quality of the service provided is exceptional. The team’s main capabilities include availability, pragmatism, speed in responses, mastery of the topics covered and the support given in the negotiations of complex documents such as ISDAs.’

‘I would recommend Maria Soares do Lago and Elmano Sousa Costa.

‘Always concerned with understanding the client and their particularities in order to achieve the best outcome.’

‘João Honorato – very knowledgeable of the business and client. He can defend his clients like no one else. Maria Soares do Lago – great knowledge of the banking sector and ability to reach consensus.’

‘Prestigious team with clear client orientation. With technological and innovative equipment to facilitate the process of closing transactions.’

‘Elmano Sousa Costa is an expert in his area, with a great vocation to serve the client where he makes available all his exhaustive knowledge of Portuguese legislation and aspects that concern us in the negotiations of our contracts. He has great capacity to find suitable solutions, work under pressure and meet deadlines.’


The ‘excellent’ banking and finance team at PLMJ boasts a remarkable history of handling high-profile deals in Portugal, catering to a diverse roster of clients consisting of international and domestic banks, financial institutions and asset managers. The team earns further praise for its cross-border work and ability to handle a wide range of banking and finance work, including restructuring, securitisations, consumer credit and financial services regulations. The practice is steered by André Figueiredo, noted for his focus on complex bank resolution matters, distressed asset transactions, and NPL disposals. Bruno Ferreira handles a broad workload, where project finance features alongside asset-based lending. Key contact Gonçalo dos Reis Martins regularly advises financial institutions on a range of matters.

Practice head(s):

André Figueiredo

Other key lawyers:

Bruno Ferreira; Gonçalo dos Reis Martins; Pedro Siza Vieira; João Dias Lopes; Luis Miguel Vasconcelos


‘The banking and finance team provided advice on several projects. They were excellent, provided quick responses, great insight and availability. ‘

‘PLMJ is a leading firm in Portugal, guided by high quality standards, whether in the knowledge demonstrated, in the work capacity or in the commitment of the entire organisation (from associates to partners).’

‘I would like to highlight: Bruno Ferreira, for his general knowledge, leadership skills and strategic vision; and Gonçalo dos Reis Martins and André Figueiredo for their knowledge in the financial and capital market areas.’

‘PLMJ’s Banking and Finance team has extensive experience and the ability to find solutions, especially in more complex situations. Additionally, one of its main strengths is an extremely high response capacity, which is a critical success factor given the compressed deadlines we typically face.’

‘Partner Bruno Ferreira clearly stands out for his enormous experience and ability to communicate at the highest level with all relevant players in this market. He has an enormous capacity to act on the critical points of the transaction/negotiation, allowing us to find solutions that make it possible to unlock the progress of the processes.’

Key clients

CPPIB Credit Investments Inc.

Davidson Kempner European Partners, LLP

Cross Ocean Partners

Barclays Bank PLC

Goldman Sachs

Bank of America Merrill Lynch

Apple Pay

Bank of England

Facebook Payments International


General Company

Elliot Advisors LLC

JP Morgan

Santander Bank

Haitong Bank



Morgan Stanley

BNP Paribas


Work highlights

  • Advised Davidson Kempner Partners on the financing of the acquisition of the units in several major real estate investment funds and of real estate assets and related capex and development investments by a syndicate of Portuguese banks.
  • Advised the committee composed by Mudrick Capital, Albacore Capital and Banque Pictet 0n the acquisition and restructuring of VIC Properties.
  • Advising REN – Redes Energéticas Nacionais, SA and REN Finance BV as borrowers on a €450m sustainability-linked loan provided by the European Investment Bank for investments in the national electricity and gas grid.


Fielding a strong team that is highly regarded for its ability to cover the full scope of banking and finance matters, VdA is praised by clients for its ‘impressive know-how and problem-solving capacity, combined with quick responses’. The team is consistently engaged in sophisticated lending deals and complex regulatory matters. Possessing the ability to ‘adapt quite easily to the issues and specificities of different types of processes’, the team has notable expertise in assisting banks in NPL deals and their deleveraging strategies. Team lead Pedro Cassiano Santos is noted for his expertise in all debt and regulatory issues, including capital markets matters. A litany of national and international financial players turn to Hugo Moredo Santos for his knowledge of debt and hybrid securities, covered bonds, and asset-backed transactions. Recommended for his ‘very dynamic vision’, Tiago Correia Moreira regularly advises credit institutions, financial companies and payment services providers, while Benedita Aires focuses on issuances and placements of debt, equity and regulatory capital instruments and other financial products.

Practice head(s):

Pedro Cassiano Santos

Other key lawyers:

Hugo Moredo Santos; Pedro Simões Coelho; Benedita Aires; Tiago Correia Moreira; Carlos Filipe Couto; Sebastião Nogueira


‘The team is very well prepared and understands the client’s language and, above all, their needs. Impressive know-how and problem-solving capacity, combined with quick responses.’

‘The team led by Tiago Correia Moreira has a very dynamic vision and points out constructive solutions for the client by identifying the associated risks.’

‘Tiago Correia Moreira is recommended for his quality in advising fintechs.’

‘Versatile team, with the speed and quality required. They can adapt quite easily to the issues and specificities of different types of processes. They understand the client and their fears and try to be more precise in their responses.’

‘Tiago Correia Moreira is very accessible and available to help or intervene whenever necessary.’

‘Sebastião Nogueira – very accessible and available. Very diligent and never fails to respond in a timely manner.’

Key clients

Defying Digital, Lda.

Sixth Street

Alantra Partners

Alantra Debt Solutions, S.L.

Kiloutou (Kapla Holdings Group)

Morgan Stanley Investment Management Limited

Crédit Agricole Corporate and Investment Bank (Sucursal en España)

Millennium BCP

Arrow Global Limited

Christofferson Robb & Company

Hefesto, STC, S.A.

Whitestar Asset Solutions, S.A.


Work highlights

  • Advised Morgan Stanley on the financing and/or refinancing of a portfolio of 46 logistics properties located in Portugal and recently acquired by the US asset manager Blackstone through a Portuguese company.
  • Advised Millennium BCP and Novo Banco, S.A. on the refinancing of the Portuguese company Bonaparte – Imóveis Comerciais e Participações, S.A.
  • Advised Arrow Global Limited and Christofferson Robb & Company on a financing restructuring transaction secured over a wide range of Portuguese assets, including (both secured and unsecured) non-performing loans, securitisation notes backed by non-performing loans, and SPVs.

Abreu Advogados

Well-regarded for its ability to marry a ‘strong commercial understanding of banking and financing matters’ with ‘practical solutions’, the team at Abreu Advogados covers a wide range of regulatory and transactional work, both on a domestic and international scale. Operating across a myriad of sectors and industries including real estate, energy, aviation, infrastructure and insurance, the practice advises on NPL restructuring and disposals, structured lending, as well as real estate and acquisition finance. The team is jointly steered by a capable trio: José Maria Corrêa De Sampaio, who boasts a proven track record in complex financing transactions in Portugal; Rodrigo Formigal, who is praised for his ‘practical and adaptable approach to matters’ and recommended for cross-border deals, debt restructuring and distressed assets transactions; and Diogo Pereira Duarte, who heads up the fintech-focused group and specialises in the regulatory framework applicable to banks and investment firms. Key contact Pedro Ferreira Malaquias handles all legal aspects related to retail and investment banking activity.

Practice head(s):

José Maria Corrêa de Sampaio; Rodrigo Formigal; Diogo Pereira Duarte

Other key lawyers:

Pedro Ferreira Malaquias; André Modesto Pinheiro; Isabel Pinheiro Torres


‘The banking & finance practice at Abreu has several members which distinguish themselves by their capabilities, excellent legal background and track record.’

‘This team has a strong commercial understanding of banking and financing matters and practices which provides the required assurances to clients in negotiations.’

‘Abreu is generally known and acknowledged for its diversity and innovation policies, technology-integrated services and work-life balance of its lawyers and employees.’

‘Partner Rodrigo Formigal has an outstanding track record and background in banking and finance matters. His practical and adaptable approach to matters, jointly with his low-profile attitude make him an excellent negotiator.’

‘Associate André Modesto Pinheiro evidences all the qualities and capacities that will make him a perfect senior lawyer/ partner in the future. He is very keen on understanding the issues involved in commercial discussions and industry specific features, being able to think fast, outside of the box and tackle client’s concerns and undesired risks.’

‘Permanently available team, oriented towards practical solutions.’

‘Isabel Pinheiro Torres – availability and technical quality.’

‘Good knowledge of the market and key issues to tackle in comparison with other firms.’

Key clients

Banco de Negócios Internacional

Banco de Investimento Global (BiG)

Big Mozambique


Caixa – Banco de Investimento

Caixa Geral de Depósitos

Dura Automotive



HCB Mozambique

IKEA Group


Imprensa Nacional Casa da Moeda (INCM)

JJW Hotels & Resorts Group

Julius Baër Bank (Europe)


Onetier Partners SCR


Ping An Bank

Santa Casa da Misericórdia

Sibs Forward Payment Solutions S.A.

Starz Real Estate

Time Out Group




Yildirim Group

Work highlights

  • Advised the French Development Agency on a financing for Hidroelétrica de Cahora Bassa S.A., the Mozambican company that operates the hydroelectric power plant of the Cahora Bassa Dam.
  • Advised Ping An Bank Co Ltd on the preparation and execution of a security agreement to secure a financing extended to Fosun International Limited, a Chinese multinational conglomerate holding company.
  • Advised INCM throughout the development and implementation of NFT – Moeda Portuguesa, a pioneer project on currency digitalisation.

Sérvulo & Associados

Sérvulo & Associados is praised for its ability to ‘combine vast experience in banking and finance, with competent professionals'. Longstanding regulatory tradition is a defining characteristic of this practice group, which attracts regular instructions from an array of credit and financial institutions. The team is jointly steered by Manuel Magalhães  and Paulo Câmara: Magalhães is noted for his wide-ranging expertise in banking and finance matters in Portugal and abroad, most notably Angola and Mozambique, while Câmara is recommended for his regulatory capabilities. Noted for her ‘knowledge, support and availability’, Verónica Fernández regularly provides regulatory guidance on the implications of new business models and activities under EU-wide banking, ESG, crypto and fintech regulations. Inês Palma Ramalho is no longer at the firm.

Practice head(s):

Manuel Magalhães; Paulo Câmara

Other key lawyers:

Verónica Fernández; Francisco Barona; Francisco Boavida Salavessa; Patrícia Costa Gomes; José Guilherme Gomes


‘Sérvulo has been a foundation in the legal support given to our legal department. We highlight the immediate and constant availability, the quick monitoring of topics, the ability to respond even to more complex topics.’

‘Sérvulo has always been up to the task of analysing topics, many of which go beyond purely banking activities.’

‘We highlight the knowledge, support and availability of Verónica Fernandez – her professionalism deserves all of our respect and admiration.’

‘Sérvulo & Associados combines vast experience in banking and finance, with competent professionals who are knowledgeable of market realities. Efficient and available services follow new technological trends available in financial markets.’

‘Paulo Câmara – a reference in governance matters and a voice recognised by all actors in the financial sector.’

‘Ability to deal with highly complex topics without losing focus on the client’s interest, discussing issues in a simple and direct way and offering solutions that are most oriented towards the client’s commercial interest.’

‘Manuel Magalhães is more than just a lawyer. He is an ally who, with great experience and technical knowledge, supports clients in the most complex projects, adjusting his contributions with great precision to defend the client’s interests.’

Key clients

BES – Banco Espírito Santo, S.A. – Em Liquidação

BANIF – Banco Internacional do Funchal, S.A. – Em Liquidação

Banco Comercial e de Investimentos

Saltpay Portugal S.A.

Agrimútuo – Federação das Caixas de Crédito Agrícola Mútuo

Caixa Crédito Agrícola Mútuo de Torres Vedras, C.R.L. and Caixa Crédito Agrícola Mútuo de Mafra

Orey Financial – Instituição Financeira de Crédito, S.A. – Em Liquidação

Oney Bank, S.A. – Sucursal em Portugal

Banco BIC Português, S.A. / EUROBIC

Lisgarante, Garval, Agrogarante and Norgarante

Caixa Económica Montepio Geral and Montepio Investimento (Banco Empresas Montepio)

Work highlights

  • Assisted Saltpay Portugal throughout the incorporation process of a payment institution, including structuring the entire authorisation and registration process to be submitted before the Portuguese Central Bank.
  • Acted for Agrimútuo in the preparation and issuance of a legal memorandum on several aspects of the cooperative financial sector regime reform and its prospective changes.
  • Assisted Caixa Económica Montepio Geral and Montepio Investimento (Banco Empresas Montepio) with the negotiation of guarantees to be provided by the Icon group in the acquisition of Sonorgás.

SRS Legal

The ‘very strong and well-structured’ team at SRS Legal is well versed in the gamut of banking and finance matters, including bank lending, debt restructuring,  NPL deals, securitisations and fund offerings. A litany of financial players in the energy, healthcare, hospitality, TMT, insurance and real estate sectors turn to the team for its experience on complex financing deals at the domestic and international levels. Practice head Alexandra Valente is lauded for her ability to combine ‘a deep knowledge of applicable legislation with practical experience’. William Smithson regularly advises large international companies across various business sectors, while João Santos Carvalho has extensive experience in structured finance and banking regulatory matters.

Practice head(s):

Alexandra Valente

Other key lawyers:

William Smithson; João Santos Carvalho; António Pape


‘The team is very strong and well structured, ably led by Alexandra Valente.’

‘Alexandra Valente combines a deep knowledge of applicable legislation with practical experience.’

Key clients

African Export Import Bank



Banco do Brasil

Sagemcom Broadband

Upteam Corporation Limited


BNP Paribas

Oney Bank

Bank of Portugal


Crédit Industriel et Commerciel

EOS Group

Autonomous Region of Madeira

BNI Europa

Financeira Corte Inglês

Caixa Geral de Depósitos


Uría Menéndez – Proença Carvalho

The banking and finance team at Uría Menéndez – Proença Carvalho, rated for its ‘holistic perspective’, regularly advises credit institutions, financial companies, investment firms and insurance undertakings on a broad range of complex financial-services regulatory matters and high-value transactions. Practice head and co-manager of the firm’s Lisbon office Antonio Villacampa Serrano has extensive experience in managing and coordinating cross-border deals. Francisco da Cunha Ferreira is a name to note for project and acquisition finance; these are key areas of expertise for Miguel Rodrigues Leal, who is also skilled in financial services regulatory issues.

Practice head(s):

Antonio Villacampa Serrano

Other key lawyers:

Francisco da Cunha Ferreira; Hélder Frias; Miguel Rodrigues Leal; José António Reymão Nogueira


‘The team was very supportive and provided a holistic perspective. They were available to help to answer any of our questions and creative in finding a way to resolve the lenders requests. A crucial part was having the expertise of different offices (and countries) involved in the transaction.’

‘Uría’s team was very supportive. They were very good at following up the whole transaction.’

Key clients

Banco Santander Totta, S.A.

Getnet Europe, Entidad de Pago, S.L.U.

Federated Hermes

Barclays Bank Ireland LLC

Unión de Créditos Inmobiliários

Santander Consumer Finance

Associação Portuguesa de Bancos


ING Bank (Portugal)

Bankinter, S.A. (Portugal)

AP Pension

WiZink Bank, S.A.U. – Sucursal em Portugal

Work highlights

  • Advised Banco Santander Totta and Getnet Europe on Getnet Europe’s acquisition of Banco Santander Totta’s merchant-acquiring business.
  • Advised Anglo-Eastern International Shipmanagement Ltd. on its acquisition of CMI Group.
  • Advising Bankinter on the acquisition of a 50% stake in Universo IME, a Portuguese e-money institution.


Routinely engaged by domestic and foreign banks, multilateral institutions and borrowers, the team at CMS is well positioned to assist with an array of banking and finance mandates, including NPL deals, real estate finance, acquisition finance, structured products and financial disputes. The team is led by António Payan Martins, who has a strong track record in the financing of infrastructure projects and in the structuring of foreign investments. A variety of domestic and international companies and banks regularly turn to Francisco Xavier de Almeida, who brings together expertise in securitisations, M&A, private equity and capital markets issues. Senior associate Filipa Gaspar Branco offers key support in pan-European and cross-border factoring transactions.

Practice head(s):

António Payan Martins

Other key lawyers:

Francisco Xavier de Almeida; Filipa Gaspar Branco

Key clients

ECS Capital

Franklin Templeton Institutional

BNP Paribas

Goldman Sachs

Davidson Kempner Partners

Aviva Investors

Aquila Capital Group

Norinchukin Bank

LCM Partners

Erste Bank

Banque Internationale à Luxembourg

Banque Européenne du Crédit Mutuel

Work highlights

  • Advising CACIB – Credit Agricole CIB on the European Securitisation Programme for Arcellor Mittal.
  • Advising Aquila Capital group’s issuers regarding the issuance of bonds registered at Interbolsa (Portuguese clearing system) in book entry form.
  • Advised PTB Education on the restructuring of the group’s financing arrangements.


Highlighted by clients for its ‘good quality work’, DLA Piper ABBC is a trusted partner for large banks, financial services companies, and institutions, offering expertise in complex banking matters and financing transactions. In addition to its solid credentials in acquisition and corporate finance, the firm is also highly accomplished in real estate and project finance, regularly advising clients on the refinancing of large-scale projects. Department leader Nuno Azevedo Neves is a key port of call for national and international financial institutions, corporations and private equity houses seeking assistance with a host of lending transactions. The team has been strengthened by the arrival of João Bento from Linklaters in July 2023; Bento stands out for his expertise in the NPL sector, and also excels in structured finance, restructuring and insolvency matters.

Practice head(s):

Nuno Azevedo Neves

Other key lawyers:

Nuno Castelo Branco; João Bento


‘Good quality work, paired with a good working environment.’

Key clients

Edyn group (held by Brookfield Asset Management)


Investc Bank Plc

Kommunalkredit Austria AG

Maya Capital

Tikehau Capital

European Energy Efficiency Fund

Aukera Real Estate AG

CAERUS Debt Investments AG

Work highlights

  • Acting for Edyn in the r-financing of a development project for the creation of a major hotel and serviced apartment complex in central Lisbon.
  • Acting for Aukera and Caerus as lenders in the financing of the real estate project “Prata Riverside Village” being developed by LISFUNDO (former VIC Properties group).

Garrigues Portugal

Garrigues Portugal is a popular destination for a diverse range of clients, who turn to the ‘very experienced’ team for its wide-ranging capabilities in banking and finance matters. In recent years, the practice has experienced an uptick in regulatory and fintech work, assisting several players in the fields of payment services, crypto and credit intermediation services. Vasco Rodrigues is recommended for his fund-related work, covering hybrid instruments, mezzanine finance and distressed debt. Senior associate Ricardo Lira, whose expertise in fintech matters is noteworthy, offers key support in complex financing transactions. Former practice head Diogo Leónidas Rocha left the firm in November 2023.

Other key lawyers:

Marta Graça Rodrigues; Vasco Rodrigues; Mariana Faria Santos; Ricardo Lira


‘Very experienced team in financial matters, with whom we have worked for many years in investments in NPLs, restructurings, bond issues, etc.’

‘Vasco Rodrigues – knowledge of the sector, commercial capabilities. Ricardo Lira is also recommended.’

Key clients

Tresmares Santander Direct Lending, S.I.C.C., S.A.

TagEnergy, S.A.


Jamestown LP


Banco de Sabadell

Tristan Capital Partners

Henderson Park

The Bank of New York Mellon

European Investment Bank

Sidecu, S.A.

Work highlights

  • Advsed Alumni Portugal Bidco S.À R. L. (Brookfield Asset Management) on the financing of the acquisition of resident accommodation facilities in Lisbon from WP Carey – Carey European Student Housing Fund I LP.
  • Advised Henderson Park on the negotiation and closing of an additional facility in the maximum amount of €22.675m together with the respective security package to finance the construction of two plots within Lagoas Park.
  • Assisted TagEnergy, S.A. with a green bonds issuance up to a maximum of €570m.

Gómez-Acebo & Pombo

With a strong track record of acting for domestic and international credit and financial institutions, insurance players, and borrowers, Gómez-Acebo & Pombo is proficient in a range of financing transactions and regulatory work. The practice is steered by Mafalda Barreto, who routinely takes the lead on major financing deals and restructuring matters. A multitude of foreign and domestic financial institutions and blue-chip companies turn to Filipe Santos Barata for his expertise on debt restructuring, syndicated lending and insurance mandates. Former practice co-head Miguel Castro Pereira is no longer at the firm.

Practice head(s):

Mafalda Barreto; Filipe Santos Barata

Other key lawyers:

Luisa Carrilho da Graça


‘Very hard-working team.’

‘Luisa Carrilho and Mafalda Barreto both perform at the highest level.’

‘I highlight their knowledge of the insurance distribution sector and their practical approach.’

‘They always work taking into consideration our philosophy in terms of risk approach.’

‘Filipe Santos Barata is always available. His analysis is not limited to a short-term solution of the matters entrusted to him. He always provides practical solutions.’

Key clients

Kobus Asset Finance

Carnival Corporation & plc


The banking and finance team at MACEDO VITORINO ‘offers an excellent level of service’ to its domestic and international client base. Operating across a myriad of industries, including financial services, real estate, TMT, energy and infrastructure, the practice provides support in a range of transactional matters, including acquisition finance, structured deals and project finance. The group is under the joint leadership of founding partner António de Macedo Vitorino, noted for his focus on corporate finance, and André Vasques Dias, a key port of call for international banks and companies in connection with financing transactions.

Practice head(s):

António de Macedo Vitorino; André Vasques Dias


‘The team is responsive, compliant with timings and offers an excellent level of service.’

Key clients

Lisboa Ocidental SRU

Crédit Agricole and Investment Bank

Bankinter SA, Banca March SA and Edmond de Rothschild Funds

HC Hospitais Concessionados, SA

TIH-Tejo Infraestruturas Hospitalares

Aberdeen and Sacyr Somague


Nowo Group

Cohort Plc

Nordic Solar Management

Banco Montepio

Tresmares Capital

Crédito Agricola Group

Frequent Summer Group

Work highlights

  • Advised the Municipality of Lisbon in connection with several affordable housing PPP projects.
  • Advised Bankinter SA; Banca March; and Edmond de Rothschild Funds as lenders on the refinancing of several mini-hydric projects owned by White Summit Capital.
  • Assisting Crédito Agrícola Group with a green loan to be granted to Atenor for the construction of an office building in Lisbon.

Deloitte Legal

The banking and finance team at Deloitte Legal is praised for its ‘deep knowledge’ and ability to ‘provide efficient and practical legal advice’. Through its close alliance with the Deloitte Legal network, the practice harnesses an extensive global network, handling several cross-border financing transactions involving Lusophone countries in Africa. The practice is steered by recently promoted partner Miguel Cordeiro, who is a key port of call for banks, asset mangers, investment firms, insurance undertakings, and pension funds in a wide range of financing transactions and regulatory matters.

Practice head(s):

Miguel Cordeiro

Other key lawyers:

Elisa Seara Vaz; Tomás Gonçalves Costa


‘The banking & finance team is made up of lawyers who have already been part of the legal departments of leading banks, which gives them an enormous capacity to understand banks’ internal problems and provide efficient and practical legal advice from the client’s point of view.’

‘Miguel Cordeiro has very current and innovative knowledge of banking regulation issues, with a special focus on compliance and the correct assessment of the regulator’s priorities and sensitivity. Furthermore, his professional conduct is guided by unusual availability and care in making the best solutions known, always within the framework of the most compliant and commercially viable practices.’

‘Deep knowledge and good contact with supervisors/ regulators.’

‘Miguel Cordeiro is the key person; he is very reliable and pragmatic.’

Key clients

Openbank, SA

ABMB – Sociedade de Investimento Coletivo Imobiliário Fechada, SA

Domilis – SICAFI, SA (former Domilis Compra e Venda de Imóveis, SA)

Pestana Group (Carvoeiro Golf)

Miniclip, SA

Banco LJ Carregosa SA

Banco BPI, SA

Wizink Bank SAU

Work highlights

  • Advised Openbank, a Spanish online retail bank of Santander Group operating in Portugal on a cross-border basis under the freedom to provide services mechanism (EU Passport), on the marketing of Investment Funds (UCITS) in the Portuguese jurisdiction which included the offering of a build your portfolio service catered to potential investors.
  • Provided legal and regulatory support to ABMB – Sociedade de Investimento Coletivo Imobiliário Fechada, SA in the conversion of an existing real estate SPV into a real estate investment fund.
  • Assisted Domilis – SICAFI, SA with the conversion of an existing real estate SPV into a real estate investment fund.

pbbr - Sociedade de Advogados RL

pbbr - Sociedade de Advogados RL has significant experience in credit restructuring transactions, acting for financial institutions and corporations alike. Praised for its ‘mastery of the topics’, the practice is a popular choice for Spanish banks seeking assistance with financing deals in Portugal. Team lead Alexandre Jardim  specialises in acquisition finance and lending transactions within the real estate sector. Jardim is supported by Sofia de Sales Sousinha, who is noted for her experience advising clients on restructuring agreements, facilities agreements, and constitution of guarantees, and Patricia Goldschmidt, who adeptly handles transactional work, corporate governance and compliance issues.

Practice head(s):

Alexandre Jardim

Other key lawyers:

Sofia de Sales Sousinha; Patriciaa Goldschmidt; Marco Pereira Cardoso


‘The law firm operates in different areas of our needs, which means that we can deal with different topics through the same interlocutor. The teams we interact with demonstrate capacity and mastery of the topics, which gives us comfort in continuing to develop new businesses.’

‘Marco Pereira Cardoso is our main point of contact at the firm; he is a very capable person in solving our needs. Although he is our focal point, when there is a need to involve other people, he does not hesitate to contact them so that we can explore the topic more deeply and come up with solutions that satisfy our needs.’

Key clients

ECS Capital Sociedade de Capital de Risco, S.A.


ABANCA Corporacion Bancaria (formerly NCG Bank)

Sogevinus SGPS, S.A.

Stone Capital


Groupe Terresens

MDSR Investments

CTT Bank

Keys Asset Management

GMG- Geneva Management Group

Signal Capital Partners

Banco Português de Gestão, S. A.


GBNRE – Grupo Novo Banco Real Estate SGOIC

Heed Capital SGOIC

Caixa Económica Montepio Geral

Work highlights

  • Assisting Tage Une Fois with the negotiation of a green loan arrangement to fund the development of a real estate project.
  • Advising ABANCA Corporacion Bancaria, as borrower, on the financing of a logistic centre located in Portugal.

Raposo Bernardo

Raposo Bernardo delivers a ‘first-class service’ to its international and Portuguese financial services players. The team is equipped to handle a range of banking and finance matters, including asset finance, corporate finance, investment banking, trade finance and NPLs. The team is led by the ‘excellent’ and ‘extremely reputable’ Nelson Raposo Bernardo, who is noted for his proficiency in both transactional and regulatory mandates.

Practice head(s):

Nelson Raposo Bernardo


‘Raposo Bernardo delivers a first-class service.’

‘They have total knowledge of banking law and banking activity, record response times, a practical approach and strong commercial sensitivity.’

‘Nelson Raposo Bernardo is excellent – he is extremely reputable, very well known and well connected.’

‘The whole team delivers a high-quality service.’

‘Technically, Nelson Bernardo is always very well prepared and very experienced.’