Firm Profile > Uría Menéndez – Proença Carvalho > Lisbon, Portugal

Uría Menéndez – Proença Carvalho
1250-162 LISBOA

Capital markets Tier 1

One of the go-to firms for international investors, Uría Menéndez – Proença Carvalho is involved in some of the most complex cross-border transactions in the country, namely those related to Portuguese financial entities. The practice group has a strong track record advising on capital markets matters involving the acquisition of shareholdings in public listed companies, initial and secondary equity and debt offerings as well as takeover bids and privatisations. Leading the department is Carlos Costa Andrade, who is regularly retained by foreign clients who seek his assistance in relation to structured bonds, securities and IPOs. Miguel Stokes focuses on M&A, structured finance and capital markets. Jorge Brito Pereira left the firm in 2020.

Practice head(s):

Carlos Costa Andrade

Key clients

Raize – Serviços de Gestão, S.A.

Banco Santander, S.A.

Adar Capital Partners Ltd.

Commerzbank Aktiengesellschaft

InterCement Portugal, S.A. (formerly Cimpor – Cimentos de Portugal, SGPS, S.A.)

International fund

International Investment Bank (IIBG) (Bahrain)


Banco BIC Português, S.A.

OptiGroup AB

IIBG Holdings, B.S.C.

Commercial, corporate and M&A Tier 1

Uría Menéndez – Proença Carvalho offers a blend of international and local expertise, handling the full range of corporate and M&A matters across a variety of sectors, including telecoms, energy, transport and real estate, among others. The practice group works closely with the tax department, providing legal support to domestic and international banks, financial institutions and large and medium-sized commercial or industrial companies. Antonio Villacampa has substantial experience in coordinating multi-jurisdictional transactions. Corporate restructuring and private equity deals are some of Francisco Brito e Abreu's areas of expertise. Catarina Tavares Loureiro is another key practitioner, who regularly advises on corporate governance, joint ventures, shareholder disputes and restructuring matters. Jorge Brito Pereira left the firm in 2020.

Practice head(s):

Duarte Garin; Antonio Villacampa; Francisco Brito e Abreu


Strong team of great negotiators who are capable of delivering good quality and efficient services.’

The dedicated and experienced team strives to adress clients’ business needs and find the best solutions accordingly.’

The team has total availability and demonstrates the capability to find practical solutions for the success of a transaction, following them through to closure.’

Joana Torres Ereio is able to easily understand commercial and financial aspects of transactions.’

Duarte Garin and Rita Xavier de Brito are also recommended.’

Key clients

REN – Redes Energéticas Nacionais, SGPS, S.A.

Altice NV / MEO – Serviços de Comunicações e Multimédia, S.A.

Altamira Asset Management, S.A.

Alantra Capital Privado SGEIC, S.A.U.

Banco Santander, S.A. / Santander Asset Management

Global Notícias – Media Group, S.A.

Viajes Barceló, S.L.

Miya Water (Arison Investments Group)

Financial Technology Partners LP

Advanced Finance and Investment Group LLC

Banco BIC Português, S.A.

Bankinter Consumer Finance, S.A.

Kildare Partners

King Street Capital Management

Joint venture The Carlyle Group and Explorer Investments

Amundi Asset Management

Aquila Capital Real Assets Investment Verwaltungsgesellschaft mbH

AGS – Administração e Gestão de Sistemas de Salubridade, S.A.

Lindorff Holding Spain, S.A.U.

Dispute resolution Tier 1

Financial institutions, domestic and international companies seek Uría Menéndez – Proença Carvalho's representation in the full range of contentious matters, fielding vast expertise in complex litigation involving securities, derivatives and other financial products. Typical instructions also include civil and commercial disputes, including class actions, as well as corporate crime and arbitral matters. Former head Tito Arantes Fontes, who has extensive experience representing clients in civil, criminal and commercial proceedings, stepped down from his leadership role; Fernando Aguilar de Carvalho, who co-led the practice since 2014 and has a particular focus on international and domestic arbitration, is now overseeing the litigation group. Disputes involving derivatives is an area of expertise for Nuno Salazar Casanova. Adriano Squilacce's main areas of activity encompass administrative infringement proceedings on banking, finance and securities issues.

Practice head(s):

Fernando Aguilar de Carvalho


The team is analytical, rational, focused and efficient.

In my experience, the Uría team, besides being very dedicated and competent, has an extraordinary customer approach. Lawyers assess the risks well and are studious of the issues at hand. In addition, the accounts are transparent and always commensurate with the work involved and the complexity of the matter.

The department stands out for its permanent availability, complete knowledge of the specificities and idiosyncrasies of the courts.

Lawyers are determined and authoritative.

David Sequeira Dinis is a very sharp and resourceful lawyer. He is a highly praised barrister.

I work mainly with Francisco Proença de Carvalho and Fernando Aguilar. They are both very competent and have an excellent relationship with clients.

Nuno Salazar Casanova has a solid background on financial subjects with an uncommon rate of success. He fights for the fair causes.

Pedro Ferreira Malaquias has an exceptional capacity for finding creative solutions.’

Key clients



Ricardo Salgado

Banco Santander Totta

Grupo H.I.T


Caixa Económica Montepio Geral





Fraud and white-collar crime Tier 1

With a longstanding reputation in the field of corporate crime, Uría Menéndez – Proença Carvalho has a strong track record representing clients in high-profile criminal cases involving corruption, money laundering and fraud. Leading the department is Fernando Aguilar de Carvalho, who focuses on arbitration as well as white-collar crime, civil and commercial litigation. Daniel Proença de Carvalho stands out for his experience in criminal law. Tito Arantes Fontes represents clients before the higher courts and the constitutional court. Domestic and international white-collar crime cases, notably those related to financial institutions and capital markets, are areas of particular activity for Francisco Proença de Carvalho. Other names to note include Alexandre Mota Pinto and Nuno Salazar Casanova, who is experienced in regulatory investigations and reputation-threatening litigation. Recently promoted partner Adriano Squilacce stands out for his knowledge of judicial proceedings and corporate compliance pertaining to white-collar crime.

Practice head(s):

Fernando Aguilar de Carvalho

Key clients

Ricardo Salgado


Projects and project finance Tier 1

With 'total commitment to the client and the project', the multi-disciplinary offering at Uría Menéndez – Proença Carvalho is often engaged on public law, regulatory, financing, transactional, dispute resolution and day-to-day project issues. The energy sector is a central focus and clients include infrastructure operators and concessionaires, financiers, major international funds and conglomerates. Managing partner of the Lisbon office Bernardo Diniz de Ayala and senior associate João Louro e Costa are key figures.

Practice head(s):

Bernardo Diniz de Ayala; Antonio Villacampa Serrano; Pedro Ferreira Malaquias


High technical quality and high availability of the teams involved.

Total commitment to the client and the project.’

Key clients

REN, Gás, S.A.

AXPO Iberia S.L.

BlackRock Investment Management (UK) Ltd.

Marubeni Corporation

Banco Santander Totta, S.A.

Aquila Capital Real Assets Investment Verwaltungsgesellschaft mbH

Macquarie Corporate Holdings Pty Limited (UK Branch)

Acciona Concesiones S.L.

AGS – Administração e Gestão de Sistemas de Salubridade, S.A.

Strategic Value Partners (UK) LLP

Ecodeal (FCC group)

Caixa Banco de Investimento, S.A

Banco BPI

Goldenergy – Comercializadora de Energia, S.A.

Public law Tier 1

Uría Menéndez – Proença Carvalho receives instructions from a broad range of clients in the area of public law, notably public entities, private operators, domestic and foreign banks and international funds. The team combines its expertise in public law with multi-disciplinary knowledge of project finance and public M&A, fielding the ability to assist with public contracts, regulatory and administrative proceedings, public sector financing matters and environmental issues, energy and urban planning. Litigation is another notable area of practice. Bernardo Diniz de Ayala, whose experience covers all areas of public law, leads the department, which also includes Afonso Choon, who focuses on public procurement and litigation.

Practice head(s):

Bernardo Diniz de Ayala


Extremely short response times with availability well beyond typical office hours. The team has the ability to bridge different interests to find common grounds for developing solutions.

Excellent understanding / experience for dealing with public entities.

Bernardo Ayala and Afonso Choon are some of the key legal advisors in the public law team.

The technical quality of team members, high availability and alignment with customer interests should be highlighted.’

Key clients

Banco Santander Totta

BlackRock Investment Management (UK) Ltd.

Airbus Defence and Space, S.A.U.

Marubeni Corporation

Acciona Concesiones, S.L.

Macquarie Corporate Holdings Pty Limited (UK Branch)

AGS – Administração e Gestão de Sistemas de Salubridade, S.A.

Altice International

REN, Gás, S.A.

AXPO Iberia S.L.

Ecodeal (FCC group)

Bank of America Merrill Lynch


XAIA Investment

Resulima – Valorização e Tratamento de Resíduos Sólidos, S.A.

Goldenergy – Comercializadora de Energia, S.A.

Junta de Freguesia do Parque das Nações

Real estate and construction Tier 1

The real estate team at Uría Menéndez – Proença Carvalho demonstrates significant expertise in complex corporate real estate deals, restructuring and financing matters as well as development projects. International investors, notably German, British and American funds, financial institutions and real estate developers instruct the team on a range of transactional work and seek advice in relation to the most efficient investment vehicles from a tax, contractual and regulatory perspective. Notable areas of practice also include the sale and purchase of REO portfolios. Department co-head Duarte Garin is a prominent figure in the real estate sector, standing out for his expertise in urban planning, restructuring and acquisition of mortgage-backed loan portfolios. Co-leader Rita Xavier de Brito has experience in development matters pertaining to shopping centres, office buildings, hotels and urban redevelopment projects. Former head of the São Paulo office Francisco da Cunha Ferreira relocated to the Lisbon office; he focuses on corporate real estate.

Practice head(s):

Duarte Garin; Rita Xavier de Brito

Key clients


The Carlyle Group

Vic Properties

Oaktree Capital Management

Tristan Capital Partners

ECS Capital

Ismaili Imamat

Dos Puntos

Global Asset Capital

Marathon Funds

Banking and finance Tier 2

Uría Menéndez – Proença Carvalho advises on M&A transactions involving complex cross-border and structural considerations, and is also adept at advising on a broad range of financial services regulatory matters concerning corporate governance, remuneration policies, the Mortgage Credit Directive, digital banking and money laundering, among other areas. The practice, which has also been active in the Portuguese NPLs market, is headed by retail and commercial banking specialist Pedro Ferreira Malaquias.

Practice head(s):

Pedro Ferreira Malaquias

Key clients

Liberty Seguros, S.A.

CSCEC – China Construction Portugal, S.A.

Corum Asset Management

Banco BIC Português, S.A.

Cheyne Capital Management (UK) LLP

International Investment Bank (IIBG) (Bahrain)

Postbank – a branch of DB Privat – und Firmenkundenbank AG

Kildare European Partners II, LP

CarVal Investors UK

WIZINK BANK, S.A., acting through its branch in Portugal

Bankinter, S.A. – Sucursal em Portugal

Proteus Asset Management, Unipessoal Lda.

ICBC Financial Leasing Co., Ltd. and Irish subsidiaries of ICBCL.

Banco BPI, S.A.

Aquila Capital Holding GmbH

Carlyle Group

Bain Capital Credit

Employment Tier 2

Uría Menéndez – Proença Carvalho provides legal support in a range of contentious and advisory matters, including cross-border M&A and related employment issues, termination agreements, transfer of pension funds, TUPE and litigation, among others. The practice has been actively advising on pensions and restructuring procedures, with a particular emphasis in the banking and insurance industry. Head of department André Nascimento is seasoned in all aspects of employment matters, namely collective bargaining, litigation, data protection and social security law.

Practice head(s):

André Pestana Nascimento

Key clients

Barclays Bank


Lone Star Group / Hudson Advisors

Mapfre Seguros

Italagro (Hit Group)

RTP – Rádio e Televisão de Portugal

Grandvision Portugal

Axpo Iberia, S.L.

Viajes Barceló, S.A

Carval Investors, UK

Liberty Seguros, Compañia de Seguros

Reaseguros, S.A. – Sucursal em Portugal

Banco BIC Português, S.A.

Energy and natural resources Tier 2

The energy and natural resources team at Uría Menéndez – Proença Carvalho receives instructions from banks and upstream, midstream and downstream operators within the private sector, which seek advice on acquisitions, financing agreements, regulatory matters as well as litigation and arbitration. Practice co-head Bernardo Diniz de Ayala is noted for his combined knowledge of public law and projects, notably in the field of energy and gas distribution. João Louro e Costa is another name to note.

Practice head(s):

Bernardo Diniz de Ayala; Antonio Villacampa


Outstanding team specialised in the energy sector. The level of commitment, accuracy in analysis and promptness when providing legal advice is above average.

João Louro e Costa is an excellent lawyer. He has demonstrated a thorough knowledge of various domains of Portuguese law, proving to be a key asset during negotiations with counterparties and on the development of legal opinions.

Key clients

REN, Gás, S.A.

AXPO Iberia S.L.

BlackRock Investment Management (UK) Ltd.

Aquila Capital Real Assets Investment Verwaltungsgesellschaft mbH

Marubeni Corporation

Goldenergy – Comercializadora de Energia, S.A.

EU and competition Tier 2

Uría Menéndez – Proença Carvalho fields a team exclusively dedicated to EU and competition law, which has experience acting for domestic companies and clients from other Portuguese-speaking jurisdictions before the authorities in Lisbon and Brussels. The department provides legal support in the preparation of antitrust compliance polices on a regular basis, and has a strong track record in large-scale merger control and antitrust investigations in Portugal. Joaquim Caimoto Duarte leads the team, and is proficient in restrictive practices, while Tânia Luísa Faria specialises in antitrust and merger control proceedings.

Practice head(s):

Joaquim Caimoto Duarte

Key clients


Grupo Hospital Particular do Algarve

REN – Redes Energéticas Nacionais, SGPS, S.A.






Banco Santander




Insolvency and restructuring Tier 2

With an 'excellent reputation', Uría Menéndez – Proença Carvalho excels across prominent restructuring and insolvency matters across the finance, banking, construction, real estate and tourism sectors, where it acts for creditors and debtors.

Practice head(s):

Duarte Garin; David Sequeira Dinis; Nuno Salazar Casanova

Tax Tier 2

At Uría Menéndez – Proença Carvalho, the 'quality of the service provided is excellent and so is the teamwork, with intra-departmental co-ordination that is rare in the context of the Portuguese legal market'. Its experience covers wealth management issues ('in the private client arena, it is way ahead of its competitors'), as well as private equity, M&A and real estate transactions, and corporate restructuring mandates are also prevalent. The team is also regularly engaged on complex tax dispute resolution matters. Department head Filipe Romão is 'very pragmatic and has an open mind to help the client find better solutions for each problem'. Counsel Cláudia Reis Duarte is noted for contentious matters.

Practice head(s):

Filipe Romão


Very professional service and it is one of the few law firms that has a very strong international tax component.

I worked on a complex and very long deal with the team, and the team’s assistance and engagement has been key to finally close the transaction.

The lawyers are persuasive, confident, have an absolute contol of the financial implications of their advice, and they can express a complex situation in a straightforward manner.

Marta Pontes is an absolute pleasure to work with.

Astute technical proficiency combined with sharp business sense and access to critical local actors contributing to deliver unrivalled and pertinent solutions to the clients.

Capacity to explain complex concepts and solutions in a language that is accessible to non-academics or non-specialists.

The team has a very pragmatic approach, always stating the risks involved and presenting one or more ways to deal with the client issue. The lawyers are always available to answer my questions, which I value.

Filipe Romão has a profound knowledge of the law, but also of the financial issues of the companies. He is very pragmatic and has an open mind to help the client in find the better solutions for each problem. He also leads a great team.’

The team is excellent, very quick in providing responses, and the quality of the work performed is outstanding.

Filipe Romão is perhaps the best private client lawyer in Portugal; very experienced and knowledgeable about the law, he has set up a very competent team to work with him, which means constant feedback, responses and great quality.

The quality of the service provided is excellent and so is the teamwork, with intra-departmental co-ordination that is rare in the context of the Portuguese legal market.’

In the private client arena, it is way ahead of its competitors.’

Key clients

Grand Bay Residences SICAFI, SA

DWS Grundbesitz


Cheyne Capital



Tristan Capital Partners LLP.







Bank of America

Data privacy and data protection Tier 3

The privacy and data protection team at Uría Menéndez – Proença Carvalho is retained by a range of domestic and international clients from sectors such as financial services, insurance, industrial groups and energy. The department is particularly active advising on data protection audits and implementation of GDPR compliant procedures and is also adept at handling data privacy-related litigation. Francisco Brito e Abreu oversees the team. Joana Mota, whose core areas of practice include personal data, is another key practitioner.

Practice head(s):

Francisco Brito e Abreu

Key clients

Goldenergy – Comercializadora de Energia, S.A.

Associação Portuguesa de Bancos

ASISA, Seguros S.A.U.

UCI . Unión de Creditos Inmobilarios – Sucursal em Portugal

Med Communications, Inc.

Mapfre Seguros Gerais, S.A.

Grandvision Portugal, Unipessoal Lda.

Conforama, S.A.

Slaughter and May

Covington Burling


The firm: Uría Menéndez is one of the most prestigious independent law firms in the Iberian market. Founded in the 1940s, it comprises 132 partners and over 400 associates in 14 offices in the most important financial centres in Europe, the Americas and Asia.

The firm’s international structure allows it to provide Portuguese, Spanish and EU legal advice to clients on their investments in the Iberian Peninsula and abroad.

The firm focuses on banking and capital markets, company and commercial, environment, litigation and arbitration, infrastructures, project finance, private equity, telecommunications, EU and competition, intellectual property, labour, tax, maritime, transport, logistics and real estate.

Areas of practice

Capital markets: the team provides advice to national and international issuers, offerers, global co-ordinators, underwriters and placement banks.

Competition and EU: the team advises public bodies, professional associations, companies and multinationals from all types of economic sectors in Spain and Portugal and before the EU. The firm is experienced in all areas of competition law, ranging from preventative advice to representing and defending clients in administrative sanction proceedings, appeals and claims before Spanish, Portuguese and EU bodies.

Corporate and commercial: the firm covers all areas of corporate and commercial law, including M&A, commercial contracts, energy and utilities, TMT, and food and beverages.

Energy and environment: the team provides comprehensive advice on every aspect of the energy sector and on environmental matters, from regulatory and contractual issues to financing and acquisitions.

Employment and pensions: the team advises on a wide range of issues including contracting, collective negotiation, corporate restructuring, litigation and pension fund management.

Financial: the firm handles all matters relating to banking, corporate finance insurance, investment funds, project finance, securities and securitisation.

Intellectual property: the firm covers all aspects of industrial and intellectual property issues, trade marks, patents, copyright, data protection, pharmaceuticals, etc.

Public: the team advises both private clients and public sector entities on every aspect of administrative and constitutional law. The team has broad experience in both advising the public sector entities on the preparation and adjudication of contracts and assisting the private sector clients with tender proceedings and the performance of public contracts. The group also assists on contractual disputes and on regulated sectors.

Litigation and arbitration: the firm covers civil and commercial proceedings, local and international arbitration, administrative and constitutional law, contentious administrative proceedings, tax and criminal law.

Real estate and urban planning: the team provides advice covering all aspects of real estate, including sale, leasing and purchase of land, project management, investment and financing, and urban planning.

Restructuring and insolvency: the firm plays an active role in complex debt restructuring and refinancing transactions, advising both borrowers and lenders. The team combines relevant experience with an awareness of the interests at stake in this type of transaction and the know-how of lawyers in other practice areas, such as litigation, real estate and tax.

Tax: the team offers advice on all areas of tax law, focusing on: M&A, financial products and capital markets, international tax planning, real estate, project finance, insurance and pension funds, family businesses and high-net-worth individuals, and tax investigation and disputes, including criminal tax issues.

Department Name Email Telephone
Banking and insurance Pedro Ferreira Malaquias
Finance and project finance Pedro Ferreira Malaquias
Finance and project finance Bernardo Diniz de Ayala
Capital markets Carlos Costa Andrade
Intellectual property Francisco Brito e Abreu
Corporate and commercial Duarte Garin
Corporate and commercial Francisco Brito e Abreu
Corporate and commercial Antonio Villacampa
Corporate and commercial Catarina Tavares Loureiro
Mergers and acquisitions Duarte Garin
Mergers and acquisitions Francisco Brito e Abreu
Mergers and acquisitions Antonio Villacampa
Mergers and acquisitions Catarina Tavares Loureiro
Energy Bernardo Diniz de Ayala
Labour André Pestana Nascimento
Public Bernardo Diniz de Ayala
Real estate and construction Duarte Garin
Real estate and construction Rita Xavier de Brito
Dispute resolution and arbitration Tito Arantes Fontes
Dispute resolution and arbitration Fernando Aguilar de Carvalho
Dispute resolution and arbitration Alexandre Mota Pinto
Dispute resolution and arbitration Francisco Proença de Carvalho
Dispute resolution and arbitration Nuno Salazar Casanova
Dispute resolution and arbitration Adriano Squilacce
Dispute resolution and arbitration David Sequeira Dinis
Tax Filipe Romão
Tax Marta Pontes
Photo Name Position Profile
Mr Fernando Aguilar de Carvalho  photo Mr Fernando Aguilar de Carvalho Partner
Mr Tito Arantes Fontes  photo Mr Tito Arantes Fontes
Mr Francisco Brito e Abreu  photo Mr Francisco Brito e Abreu Partner
Mr Carlos Costa Andrade  photo Mr Carlos Costa Andrade
Mr Bernardo Diniz de Ayala  photo Mr Bernardo Diniz de Ayala
Mr Pedro Ferreira Malaquias  photo Mr Pedro Ferreira Malaquias
Mr Duarte Garin  photo Mr Duarte Garin Partner
Mr Alexandre Mota pinto  photo Mr Alexandre Mota pinto
Mr Marta Pontes  photo Mr Marta Pontes
Mr Francisco Proença de Carvalho  photo Mr Francisco Proença de Carvalho
Mr Filipe Romao  photo Mr Filipe Romao
Mr Nuno Salazar  photo Mr Nuno Salazar
Mr David Sequeira Dinis  photo Mr David Sequeira Dinis  
 Mr. Adriano Squilacce  photo Mr. Adriano Squilacce Partner
Mrs Catarina Tavares Loureiro  photo Mrs Catarina Tavares Loureiro
Mr Antonio Villacampa  photo Mr Antonio Villacampa Partner
 Ms. Rita Xavier de Brito  photo Ms. Rita Xavier de Brito Partner
Number of lawyers worldwide : 596
Lex Mundi
Other offices : Barcelona
Other offices : Bilbao
Other offices : Brussels
Other offices : London
Other offices : Madrid
Other offices : Mexico City
Other offices : New York
Other offices : Porto
Other offices : Valencia
Other offices : Bogotá with a stake in Philippi, Prietocarrizosa, Ferrero DU & Uría
Other offices : Lima with a stake in Philippi, Prietocarrizosa, Ferrero DU & Uría
Other offices : Santiago de Chile with a stake in Philippi, Prietocarrizosa, Ferrero DU & Uría