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

Uría Menéndez – Proença Carvalho
1250-162 LISBOA

Portugal > Banking and finance Tier 1

Uría Menéndez – Proença Carvalho offers a broad range of expertise to its domestic and international clients, including in financial services regulatory matters, transactions in the Portuguese NPL market, debt refinancing, real estate financing, and M&A in the banking sector. The multi-faceted group acts for an impressive mix of credit institutions, investment firms and insurance players in high-value mandates. Pedro Ferreira Malaquias, who specialises in all areas pertaining to finance, retail and commercial banking, heads up the banking and finance department. Hélder Frias balances a broad banking and finance practice, while Miguel Rodrigues Leal is recommended for project and real estate financing transactions.

Practice head(s):

Pedro Ferreira Malaquias

Other key lawyers:

Antonio Villacampa Serrano; Hélder Frias; Miguel Rodrigues Leal


‘Law firm with high technical knowledge.’

‘Pedro Ferreira Malaquias is a lawyer with enormous knowledge and very practical know-how. Miguel Rodrigues Leal is excellent.’

‘They treat clients in a unique way, considering the specific aspects of each client and adapting solutions accordingly. They have a deep knowledge of our business, which proves to be an asset in the different matters they advise us on.’

‘Hélder Frias has a strong knowledge of the sector. He is an excellent professional and is always available.’

‘With regard to this specific team, what stands out is the experience and technical knowledge in the various matters associated with banking law and the growing regulatory environment in the Portuguese market.’

‘Pedro Malaquias and Hélder Frias are always available and have an excellent knowledge of the market both at the national and European level.’

Key clients

Banco Santander Totta, S.A.,

Deutsche Bank Aktiengesellschaft

ING Bank N.V., Sucursal em Portugal

Caixa Geral de Depósitos, S.A.

Banco BTG Pactual, S.A.

Food Delivery Brands, S.A.U.


Corum Asset Management

Avignon Capital Limited

Carlyle Group

Explorer Investments

DWS Grundbesitz GMBH

Currencies Direct Spain, E.D.E., S.L.U.

Banco BPI, S.A.

Blantyre Capital Limited

Montepio Investimento, S.A.

Associação Portuguesa de Bancos

Unión de Créditos Inmobiliários, S.A., E.F.C. (Sociedad Unipersonal) – Branch in Portugal

Barclays Bank Ireland PLC – Branch in Portugal

Bankinter, S.A. – Branch in Portugal

Hermes Investment Management Limited

Portugal > Commercial, corporate and M&A Tier 1

Highlighted for its ‘extensive local knowledge’, Uría Menéndez – Proença Carvalho often takes key roles on domestic and multi-jurisdictional transactions involving companies in various highly regulated sectors, including energy, media and telecoms. Real estate-related transactions are also a core area of activity for the sizeable team, and are a particular field of expertise for co-head Duarte Garin. Antonio Villacampa combines in-depth knowledge of M&A, corporate and financial law, while Francisco Brito e Abreu is skilled in private equity deals and corporate restructuring, demonstrating a keen focus on the pharmaceutical sector. Francisco Da Cunha Ferreira is a key contact for infrastructure-related matters; Catarina Tavares Loureiro possesses a strong track record in mergers and acquisitions of private and listed companies; and Joana Torres Ereio brings together experience in venture capital deals, commercial agreements and joint ventures. Carlos Costa Andrade, Pedro Ferreira Malaquias and Rita Xavier de Brito are also noted.

Practice head(s):

Duarte Garin; Antonio Villacampa; Francisco Brito e Abreu; Carlos Costa Andrade; Pedro Ferreira Malaquias; Francisco da Cunha Ferreira; Catarina Tavares Loureiro; Rita Xavier de Brito; Joana Torres Ereio

Other key lawyers:

Miguel Stokes; Miguel Rodrigues Leal


Extensive local knowledge.’

Very quick response for our questions and requests.’

‘Francisco Brito e Abreu leads the corporate team. All work exceptionally well together and are leaders in their respective fields.’

‘Francisco is a great team leader with sound commercial logic.’

Key clients

Altice NV

MEO – Serviços de Comunicações e Multimédia, S.A.

Coty, Inc.

Allianz Real Estate

Elo Mutual Pension Insurance Company

Kildare Partners

Curzon Advisers Limited

Cofina, SGPS, S.A.

Disa Corporación Petrolífera, S.A.

Nutreco Nederland, B.V.

Nuevo Ágora Centro de Estudios (Providence Equity Partners)

VIC Properties

Banco Santander Totta, S.A., Totta Urbe – Empresa de Administração e Construções, S.A.

DST Ambiente, SGPS, S.A.

Bridgepoint Capital Partners Fund VI (BPVI)

Aire Networks del Mediterráneo, S.L

Falcon Holdco S.à.r.l,

EDB Investments Pte Ltd

Catarina Cunha Vieira

Ontario Teachers’ Pension Plan Board

Ferrovial Servicios, S.A.

Work highlights

  • Advising Disa Corporación Petrolífera on the acquisition of the shares representing 100% of the share capital of Prio SGPS.
  • Advising Ontario Teachers’ Pension Plans Board on the acquisition of a stake of approximately 60% of Logoplaste Group from Carlyle.
  • Assisting Kildare Partners/ Curzon Advisers on the sale of the shares representing 100% of the share capital of Lagoas Park.

Portugal > Dispute resolution Tier 1

A leading law firm’ in dispute resolution, Uría Menéndez – Proença Carvalho is well positioned to handle complex litigation and arbitration cases at the domestic and international level. The group is particularly sought after by players in the financial sector in relation to disputes concerning securities, derivatives and other financial products. In addition, its impressive track record also features high-profile class actions, corporate crime cases, and a range of civil and commercial disputes. Practice head Fernando Aguilar de Carvalho is singled out for his wealth of experience in arbitration and cross-border contentious matters. Nuno Salazar is recommended for cases involving the financial services and banking sectors, while Tito Arantes Fontes stands out for his long-standing presence in civil, commercial and criminal litigation. Adriano Squilacce is a ‘lawyer of reference in the Portuguese litigation market‘, noted for his expertise in financial disputes and white-collar criminal cases. Alexandre Mota Pinto is a seasoned practitioner in civil and commercial litigation.

Practice head(s):

Fernando Aguilar de Carvalho

Other key lawyers:


‘Technical competence and in-depth knowledge of the topics.’

‘Excellent service to clients, availability and knowledge.’

‘Adriano Squilacce’s knowledge and practice in litigation is amazing. His capacity and knowledge of the Litigation market (national and international) is immense. He is able to redirect and carry out (with excellent results) claims that seemed to be lost and settle complex cases. Adriano is very active and commercial, always betting on the successful end of the claims and settlements without losing a millimeter of the security of his client and the interest of the same. He has an outstanding experience, his availability is absolute and he often makes simple what at first glance is impossible. Without a doubt, he is my lawyer of reference in the Portuguese litigation market.’

‘It is a team with great technical knowledge.’

‘Uría Menéndez – Proença de Carvalho is our corporate partner for managing relevant litigation/arbitration cases in the European and Latin American markets. In addition to the excellence of its legal advisory, we value the ability to work as a team, the approach to the client’s strategic interests, as well as transparency and ease of communication at any time or day.’

‘I would highlight Alexandre Mota Pinto as one of the most notable partners, extremely knowledgeable, dedicated and insightful. It should be noted that despite the challenges presented by the pandemic, Alexandre has always shown presence and ability to communicate and follow-up, worthy of reference.’

‘Uría Menendez – Proença de Carvalho is, for me, a leading law firm, which, despite being a large structure, manages to treat its clients in an individual and personal way. It is a law firm where I found excellence and rigour.’

‘In individual terms, I highlight Fernando Aguilar de Carvalho for his professionalism, rigour, attention to the client and strategic vision.’

Key clients

Ricardo Espírito Santo Silva Salgado

Banco Santander Totta, S.A.


Caixa Económica Montepio Geral

Cottees – Compra e Venda de Imóveis, Lda.

Deloitte, SROC S.A.

Work highlights

  • Representing Santander in its challenge against the Portuguese Competition Authority’s (PCA) decision to fine 14 banks acting in Portugal.
  • Representing Caixa Económica Montepio Geral and former directors in infringement proceedings brought by the Bank of Portugal.
  • Representing Deloitte in a civil claim filed against it by Liminorke for €55m on the grounds of alleged failings by Deloitte as auditor of the former Portuguese bank BPP – Banco Privado Português.

Portugal > Fraud and white-collar crime Tier 1

Uría Menéndez – Proença Carvalho‘s white-collar and fraud group sits within the firm’s wider dispute resolution practice. A market leader when it comes to high-profile private individuals and companies, the team has advised and represented both in some of Portugal’s most high-profile criminal cases. Corporate crime, anti-corruption and compliance are at the forefront of matters handled by the firm, with internal investigations becoming a strong new practice. Fernando Aguilar de Carvalho leads the practice and maintains a particular focus on domestic and international arbitration. Francisco Proença de Carvalho is a key name for white-collar criminal proceedings and internal investigations, where he regularly acts for financial institutions. Alexandre Mota Pinto has strong expertise in Latin American arbitration proceedings, and Adriano Squilacce specialises in disputes related to financial products and individual liability.

Practice head(s):

Fernando Aguilar de Carvalho


‘Adriano Squillace is an excellent lawyer, very knowledgeable in this legal area, thoughtful and correct.’

‘The firm has been able to provide important ressources in a short time, has been very available and flexible, while performing very qualitative work.’

‘Adriano Squilacce is very experienced in handling sensitive cases. He provided extensive work and advice, put together and led a very efficient team, was flexible and receptive to needs of the client.’

Team with total responsibility and an extraordinary statistical vision in criminal defence. Lawyers are also able to generate extreme trust relations with clients.’

‘Francisco Proença de Carvalho has great experience in complex matters and excellent strategic vision. Adriano Squilacce has excellent technical knowledge and huge work capacity.’

‘Availability and ability to solve problems at a reasonable cost.’

‘Francisco Proença de Carvalho – availability and ability to solve problems.’

Key clients


Work highlights

  • Advising and representing the former CEO of Banco Espírito Santo in all criminal cases related to Banco Espírito Santo.
  • Acting for EOSA and its CEO in a major criminal case of fraud regarding national and EU subsidies.
  • Defended a client against the crime of bribery in the context of international trade.

Portugal > Projects and project finance Tier 1

Combining expertise in traditional project finance and public law matters, Uría Menéndez – Proença Carvalho provides multidisciplinary advice throughout the entire life cycle of projects to a host of concessionaires, operators, financiers and international funds. The broad service offering covers the financing and development of greenfield projects, PPPs, refinancing deals, M&A transactions involving assets with a significant regulatory component, and dispute resolution. Finance and banking law specialist Pedro Ferreira MalaquiasAntonio Villacampa, who focuses on project finance; and Bernardo Diniz de Ayala, who undertakes sponsor and lender-side work, jointly manage the team. João Louro Costa is a name to note for cross-border matters, while Gonçalo Andrade Sousa is particularly active in public law, PPPs and project development.

Practice head(s):

Bernardo Diniz de Ayala; Antonio Villacampa; Pedro Ferreira Malaquias

Other key lawyers:

João Louro Costa; Gonçalo Andrade e Sousa


‘It is a law firm with excellent technical knowledge and great availability.’

‘Bernardo Diniz de Ayala is one of the best lawyers in the country.’

Key clients

Acciona Concesiones S.L.

Banco Santander Totta, S.A.

Iberdrola Renewables Portugal, S.A.

Marubeni Corporation

Altice NV

MEO – Serviços de Comunicações e Multimédia, S.A.

Vauban Infrastructure Partners

BlackRock Investment Management (UK) Ltd.

Axpo Iberia S.L.

Macquarie Capital

Goldenergy – Comercializadora de Energia, S.A.

Work highlights

  • Advising Iberdrola Renewables Portugal on the 2019 and 2020 solar auctions and the licensing of eight solar photovoltaic power plants with a total capacity of over 200MW.
  • Advising Banco Santander as a financing party of the distressed Algarve Litoral motorway sub-concessionaire.
  • Advised Vauban Infrastructure Partners on the acquisition of 100% of the share capital of SPER and Planestrada, the sub-concessionaire and O&M company of the Baixo Alentejo Motorway, respectively.

Portugal > Real estate and construction Tier 1

Uría Menéndez – Proença Carvalho fields a highly skilled real estate team with extensive M&A experience. The team has been consistently involved in some of the country’s most high-profile matters, advising on several complex and sophisticated corporate real estate developments and deals, restructurings and financings. International investors, developers, asset managers and financial institutions, notably German, British, American, French and Dutch clients, trust in the firm’s expertise, which is drawn from its cross-team collaboration to cover a broad range of matters, including development, planning, licensing, financing, drafting, negotiation and regulatory issues. Duarte Garin, Rita Xavier de Brito and Francisco da Cunha Ferreira jointly lead the practice.

Practice head(s):

Duarte Garin; Rita Xavier de Brito; Francisco da Cunha Ferreira

Other key lawyers:

Gonçalo Reino Pires; Alexandre Pedral Sampaio; Pedro Teixeira de Sousa


‘Great network, experience in doing similar deals in the past and vision to structure deals in the most efficient way.’

‘From day 1 I have been impressed with the level of knowledge and experience of everyone who has been involved in the extremely complex land purchase we have been undertaking. They have guided us through a vast amount of interdependent and sometimes conflicting legacy issues effecting the site, clearly and with concise advice at each stage. All departments involved (real estate, planning and tax) have worked together seamlessly, giving frank and considered advice. That this has always been so clearly conveyed in English is also impressive.’

‘Rita Xavier de Brito has led the team and has always been on top of the detail. Her experience, tireless tenacity and relationships have meant that we have avoided a number of potential landmines and enabled the successful negotiation of favourable terms. Pedro Teixeira de Sousa, who has worked on this with her has also always picked up on all the detail.’

‘Extraordinary technical and commercial skills.’

‘Closeness to client, proactivity. Exceptional technical, commercial and personal skills.’

Key clients



Bain Capital

Goldman Sachs


Ponte Gadea

Multi Development Corporation

Explorer Investments



Tishman Speyer

Work highlights

  • Advised Tishman Speyer on its first investment in Portugal, the acquisition of WPP offices in Lisbon.
  • Advised Rivercrown on the sale of a real estate fund which holds seven core and core-plus assets as well as one site.
  • Advised Kildare Partners and Curzon Advisers Limited on the sale of the office portfolio “Lagoas Park”.

Portugal > Tax Tier 1

Uría Menéndez – Proença Carvalho is the ‘first choice in matters of greater complexity‘ for many clients, including real estate players, financial entities, venture capital funds, banks, domestic and multinational companies, and high-net worth individuals. The team manages an impressive non-contentious workload that features high-profile strategic and distressed M&A, private equity deals, corporate restructurings and major capital markets and financing transactions. On the disputes front, the department stands out for its involvement in landmark cases, with a special focus on tax arbitration and judicial claims related to corporate income tax and VAT assessments. Leading the team, Filipe Romão maintains a broad practice covering transactional work, tax benefits, international tax planning and disputes. Key support is also provided by Marta Pontes and Cláudia Reis Duarte, both of whom are seasoned in tax inspections and disputes. António Castro Caldas handles the tax aspects of M&A and real estate transactions, and also advises on wealth structuring.

Practice head(s):

Filipe Romão

Other key lawyers:


‘The UMPC Tax team is very complete and multidisciplinary, and is our first choice in matters of greater complexity. It has a pragmatic, client-oriented approach that is both complete and technically very good.’

‘Among the lawyers, we highlight Marta Pontes and Cláudia Reis Duarte, with whom we have been working. Marta Pontes is a very complete, pragmatic lawyer with a concerned and solution-oriented approach in the field of consultancy. Cláudia Reis Duarte has extensive experience in the area of tax litigation, always looking for litigation solutions, but simultaneously with an approach which is technically very solid and efficient.’

‘Very professional, available, creative and to the point.’

‘Filipe Romão stands out for his understanding of client needs, providing efficient answers.’

‘Professionalism, efficiency and depth of analysis.’

‘Highly specialised team, agile and prepared to deal with tax issues in general. Very attentive.’

‘Filipe Romão is excellent. Very technical, without losing creativity and speed, he is able to find simple solutions to complex issues.’

‘Technical capacity and availability.’

Key clients

Altice NV

MEO – Serviços de Comunicações e Multimédia, S.A.



Bank of America







Work highlights

  • Assisted Tishman throughout all stages of the acquisition via share deal of the property where WPP has its registered offices in Lisbon from The Edge Group and Ardma.
  • Advised Morgan Stanley and Citigroup on the accelerated bookbuilding process and all tax issues related to the transaction (which involved a stock-lending agreement) involving EDP Renováveis.
  • Advising Altice / Meo on the pending carve-out of MEO’s tower business division into a separate entity whose share capital will be acquired by CLNX Portugal.

Portugal > Capital markets Tier 2

Uría Menéndez – Proença Carvalho‘s capital markets team brings a strong mix of transactional and regulatory expertise to the table, providing support on the whole spectrum of matters. It is a popular choice among international investors, companies and financial institutions. Typical mandates range from takeovers, securities and structured bonds to privatisations and acquisitions of shareholdings in public listed companies. Head of department Carlos Costa Andrade is seasoned in the full array of capital markets transactions, securities law and corporate governance. He receives support from Miguel Stokes, who is skilled at handling initial and secondary equity and debt offerings.

Practice head(s):

Carlos Costa Andrade

Other key lawyers:


‘Multidisciplinary, client-oriented team with extensive knowledge of the subjects we work on.’

‘Miguel Stokes reveals a solid base of knowledge, an unwavering availability and cultivates a very close relationship with the client.’

‘Miguel Stokes was particularly reachable upon short notice and provided clear and efficient advice and aid among tight negotiations.’

‘In my opinion, the quality and structure of work is unmatched in the Portuguese market.’

‘I recommend Miguel Stokes for the availability and quality of the work presented.’

‘In all areas, an excellent service is always provided, with rigour, professionalism, discretion and compliance. Uría Menéndez – Proença de Carvalho excels in choosing premium professionals in a wide area of law. Uría Menéndez – Proença de Carvalho is distinguished by the fact that it is always one step ahead in the legal market, for more and better client satisfaction, having therefore been distinguished with several awards in the legal field both nationally and internationally.’

‘Carlos Costa Andrade is distinguished by his transparency and professionalism in all services provided.’

Key clients

Morgan Stanley



IIBG Holdings, B.S.C.

Commerzbank Aktiengesellschaft

Société Générale


JC Flowers & Co

BC Partners


Atitlan Grupo Empresarial


Azul Linhas Aéreas, S.A.

JB Capital Markets, S.V.

Rivercrown Group

Portugal > Employment Tier 2

Uría Menéndez – Proença Carvalho‘s employment outfit assists clients in day-to-day matters, as well as employment and labour-related issues related to M&A transactions and company restructurings. The team is well versed in negotiating collective bargaining agreements, particularly for companies in the insurance industry, and is skilled in related restructuring matters in the banking, retail and industrial sectors. André Nascimento leads the practice and is a skilled and highly regarded employment litigator, with a broad range of knowledge in collective dismissals, TUPE matters and individual dismissals. Senior associate Susana Bradford Ferreira is also highly recommended.

Practice head(s):

André Nascimento

Other key lawyers:


‘Pragmatic, commercial and extremely thorough.’

‘André Pestana Nascimento is a tenacious negotiator and you can be confident that he will fight your corner. Hard working, responsive and shows a real insight into my sector.’

‘Always hands on. Creative and dynamic approaches to the issues at hand.’

‘André Pestana Nascimento and Susana Bradford Ferreira are definitely our “go to” Labour lawyers. The deliver prompt reassuring responses to the issues at hand and are always available for the client.’

‘Law Firm made up of high quality professionals.’

‘André Pestana Nascimento stands out for his technical knowledge and strategic vision.’

‘The vast experience and ability to advise on a wide range of subjects.’

‘Andre Pestana do Nascimento: Very good knowledge about the client, which allows suggestions for improvement in certain processes or even approaches to be taken into account. Susana Bradford Ferreira is solid in her opinions, in order to ensure the quality of her work, she does a pre-work of gathering information.’

Key clients

Barclays Bank

Explorer Investments

Wizink Bank

Grupo Mapfre

Otis Elevadores Portugal

SABA Portugal

Bank of Montreal

GrandVision Portugal

Warner Brothers

Odlo International

Work highlights

  • Advised Odlo International on a collective dismissal procedure due to the closure of a Portuguese production plant.
  • Representing four different companies of the MAPFRE Group in 2019 and 2020 in the negotiation of a new collective bargaining agreement.
  • Advising Allianz Capital Partners on the employment aspects of the acquisition of a 75.01% shareholding in Galp Gas Natural Distribuição.

Portugal > Energy and natural resources Tier 2

With a strong background in M&A, project finance, regulatory advice and litigation, Uría Menéndez – Proença Carvalho‘s energy and natural resources team offers comprehensive advice to a varied client roster, which includes leading operators and financial institutions. The electricity, gas distribution, water and wastewater sectors are core areas of focus for the department, which has participated in ground-breaking transactions in the market, including portfolio acquisitions in the renewables segment. Leading the practice is Bernardo Diniz de Ayala, who has a wealth of experience in public law issues and energy projects. João Louro Costa is singled out for his ‘knowledge in the field of renewable energy projects and public law’. Public procurement and M&A involving energy assets are among Gonçalo Andrade Sousa‘s core areas of activity.

Practice head(s):

Bernardo Ayala; João Louro Costa

Other key lawyers:


‘Uría has profound knowledge of our sector and extensive experience and contacts, which is particularly valuable in a very dynamic business.’

‘João Louro e Costa is an outstanding lawyer with a sound knowledge of the energy sector, which renders our cooperation much more fruitful.’

‘Law firm with a lot of experience in projects and renewable energies. Top quality service in all areas and total availability to the client.’

‘João Louro e Costa is the firm’s day-to-day partner / contact person for our affairs in Portugal. A lot of experience and knowledge in the field of renewable energy projects and public law. Very complete and extremely professional advice with practical and creative solutions. Huge capacity for work and coordination.’

Key clients

Iberdrola Renewables Portugal, S.A.

Axpo Iberia, S.L.

Marubeni Corporation

Disa Corporación Petrolífera, S.A.

BlackRock Investment Management (UK) Ltd.

Aquila Capital

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

Goldenergy – Comercializadora de Energia, S.A.

Bright Sunday

Work highlights

  • Advising Iberdrola Renewables Portugal on the 2019 and 2020 solar auctions and the licensing of eight solar photovoltaic power plants with a total capacity of over 200MW.
  • Advising Disa Corporación Petrolífera on the acquisition of 100% of the share capital of Prio.
  • Advising BlackRock on the acquisition of two Portuguese SPVs developing and constructing two solar photovoltaic power plants with an aggregate installed capacity of 31MW.

Portugal > EU and competition Tier 2

Uría Menéndez – Proença Carvalho has built up a strong competition practice in Portugal capable of advising on a range of non-contentious issues, as well as litigation. In addition to an enviable track record in merger control, the group also handles cases relating to restrictive practices, private enforcement, compliance and state aid. The department, which is under the leadership of Tânia Luísa Faria, has seen recent growth with several new clients in the industrial, energy, healthcare and financial sectors. Department head Faria ‘has a strong knowledge of the sector and is an excellent professional‘; some of her areas of expertise include antitrust and merger control proceedings.

Practice head(s):

Tânia Luísa Faria


‘The firm has proven to be able to handle complex legal issues, to be fully available and to be commercial (the outcome provided fully matched our expectations and objectives).’

‘I would like to highlight the work of Tânia Faria. I find Tânia a very bright lawyer, with very solid technical knowledge. Tânia knows the market very well. She is always available and is very quick to respond, which is much appreciated. She understands our business and is able to deliver straightforward advice.’

‘They treat clients in a unique way, considering the specific aspects of each company. Permanent availability, showing total client support with a well-defined result orientation. In addition to this, they have a deep knowledge of our business area, which proves to be an asset in the different matters in which they accompany us.’

‘Tânia Luisa has a strong knowledge of the sector and is an excellent professional.’

‘Feeling of true partnership with the client, sense of mission and “ownership” of the project, proactivity and creativity in finding solutions.’

Key clients


Möet Hennessy

Daf Trucks

Esmalglass-Itaca Group



Banco Santander Totta



Hospital Particular do Algarve



Attestor Capital, LLP

Futebol Clube de Famalicão – Futebol SAD

Vauban Infrastructure


Allianz Group

Disa Corporación Petrolífera

HAL Investments

Aire Networks

Work highlights

  • Advised Esmalglass-Itaca-Fritta group on the acquisition of Ferro Corporation (Portuguese assets), with merger control proceedings before the PCA including Phase II proceedings and divestment commitment.
  • Assisted Futebol Clube de Famalicão – Futebol SAD in PCA’s first antitrust case for an alleged no-poach agreement.
  • Advised the Allianz Group on the acquisition of Galp Gás Natural Distribuição with merger control proceedings before the European Commission.

Portugal > Insolvency and restructuring Tier 2

Uría Menéndez – Proença Carvalho stands out for its expertise in insolvency proceedings and restructurings in the banking, real estate and tourism sectors. The team – which features litigators, corporate lawyers, tax and employment experts – is adept in assisting both debtors and creditors in domestic and cross-border matters. David Sequeira Dinis is retained by clients in bankruptcy and corporate restructuring issues, including litigation and out-of-court schemes of arrangement. He manages the restructuring and insolvency practice with Pedro Ferreira Malaquias, who also leads the banking and finance team, and Nuno Salazar, who focuses on dispute resolution.

Practice head(s):

David Sequeira Dinis; Nuno Salazar; Pedro Ferreira Malaquias

Other key lawyers:

Luís Bértolo Rosa


‘Excellent technical and legal quality, go to the bottom of the issues. Top lawyers in Portugal.’

‘David Sequeira Dinis is recommended for his technical and legal quality.’

‘Very well selected team, with excellent professionals. Client service is brilliant and response time is minimal.’

‘David Sequeira Dinis and Luís Bértolo Rosa are recommended. Excellent response time. Assertiveness and security in the field of matters. Excellent client service.’

Portugal > Public law Tier 2

Uría Menéndez – Proença Carvalho‘s public law practice assists with a combination of consultancy and contentious matters, possessing an impressive track record of acting for public entities, private operators, banks and international funds. Typical mandates range from public contracts, M&A and privatisations to regulatory matters and administrative litigation. Practice head Bernardo Diniz de Ayala – who also heads up the projects group – is ‘a national reference in this area‘; his experience covers the entire spectrum of public law matters, including transactional, regulatory and contentious work. Afonso Choon ‘has a deep understanding of the law’ and is particularly strong in public law litigation. Public procurement and M&A deals in regulated sectors are some of Gonçalo Andrade Sousa‘s legal specialisms.

Practice head(s):

Bernardo Diniz de Ayala

Other key lawyers:

Afonso Choon; Gonçalo Andrade Sousa; João Louro e Costa


‘UM-PC’s team has shown a great multi-perspective angle in some of the aspects and issues being discussed, even out of their expected scope. Very high level of performance regarding time, commitment and legal support received.’

‘I highlight the team for the exceptional and solid legal knowledge, quality of drafting documents, speed, availability, always accompanied by a pragmatic vision in the proposal of solutions.’

‘I recommend Bernardo Ayala and Afonso Choon for their experience, excellent knowledge in the field, quick analysis, security and proposals that allow clients to be reassured. Afonso is very available, fast, solves the issues with humility, listens with great attention to the client’s perspective. It is definitely an asset to be able to count on Afonso in the assessment and resolution of any legal issue.’

‘The Public Law team is an exceptionally knowledgeable, responsive and professional team. Their collective knowledge of public law issues in Portugal is broad-ranging enough to cover all issues encountered (even if unusual) and yet they are able to drill into complex detail where necessary. They are quick to respond to queries, and deliver clear advice even under significant time pressure.’

‘I can highly recommend Bernardo Ayala and Afonso Choon. Bernardo is highly knowledgeable and bright, yet practical and commercial. He understands the complex demands facing clients and can take a pragmatic approach where required. In my experience, he goes above and beyond to assist his clients. Afonso has a deep understanding of the law and excellent attention to detail. He communicates clearly and concisely and is attuned to sensitive deadlines.’

‘In my opinion, the Public Department at Uría Menéndez – Proença de Carvalho is excellent and is certainly among the best in Portugal. I even believe that in some specific areas (public contracting and administrative litigation, for example) it is the best service provider. The leadership of partner Bernardo Diniz de Ayala is clearly very important, as he has a lot of experience and knows the area in depth. The main distinguishing factors are in-depth knowledge of all angles of Public Law, strategic vision, understanding of client activity and prompt and sophisticated response capacity.’

‘Bernardo Diniz de Ayala is a national reference in this area. Gonçalo Andrade e Sousa is a senior lawyer with excellent work capacity and very good performance. Always 100% available and oriented towards the desired result.’

‘Uria’s public law practice is excellent – they quickly understand the issues, are comfortable dealing with high-value and complex questions, and are a ‘go-to’ firm for international matters.’

Key clients

Acciona Concesiones S.L.

Banco Santander Totta, S.A.

Autoridade Nacional de Comunicações (ANACOM)

Marubeni Corporation


Iberdrola Renewables Portugal, S.A.

Vauban Infrastructure Partners

Axianseu II Digital

ITRON – Sistemas de Medição, Lda.

Junta de Freguesia do Parque das Nações (JFPN)

Work highlights

  • Advised Banco Santander as a financing party of the distressed Algarve Litoral motorway concession and a real estate transaction between the Portuguese Football League Association and the Municipality of Porto.
  • Advised MM Capital Partners (Marubeni Group) on the negotiation and signing of an agreement to purchase a minority stake in Lusoponte, the concessionaire of two Lisbon toll bridges.
  • Advised Iberdrola on the 2019 and 2020 Portuguese solar auctions and the licensing of eight solar photovoltaic power plants with over 200 MW of installed capacity.

Portugal > Planning law Tier 3

Uría Menéndez – Proença Carvalho‘s planning practice is led by the well regarded Gonçalo Reino Pires. The team’s expertise covers a wide range of planning matters, including licensing procedures and environmental assessments. Pires’ advice is sought out by developers and investors for touristic and logistical projects.

Practice head(s):

Gonçalo Reino Pires

Other key lawyers:

Pedro Teixeira de Sousa


‘Good quality of work, personal relationships, and competence.’

‘Good ability to integrate with multidisciplinary teams; diverse team covering various legal areas.’

‘Gonçalo Reino Pires has a high capacity for work, very in-depth legal knowledge, good command of the files, cordiality and customer service.’

‘Professionals with the best knowledge of the legal field.’

‘Despite being a large firm, Uria’s planning department has a very local feel. The relationships they have with local planning officials and other stakeholders make a difficult process more manageable and their knowledge, certainly of our project, meant that we have ben able to short circuit and number of potentially lengthy processes.’

‘Goncalo Reino Pires has guided us expertly through the planning maze and his advice on how to approach certain aspects of the process and how to present our plans in the best possible light has been invaluable and we very much look forward to working with him and his team over the coming years.’

Key clients

Bain Capital

Qantara Capital


Fibeira Group

Grand Bay Residences

Ikos Resorts

Accor Group


Multi Development


Explorer Investments

HipoGes Iberia

Habitat Invest


ECS Capital


Tishman Speyer

Work highlights

  • Advising Goldman Sachs on the development of the Antas Atrium project in Porto, which has more than 1,000 apartments occupying 177,000 m2.
  • Advising Capital Real I on a development in Loures with a buildable area of 300,000 m2.
  • Advising Qantara Capital on the development of the Grândola Logistic Platform, which occupies about 130 ha.

Latin America: International firms > International arbitration

Iberian powerhouse Uría Menéndez handles Latin America arbitration matters from its Madrid, Lisbon and Barcelona hubs. The firm’s dispute resolution head Jesús Remón Peñalver co-leads international arbitration practice from Madrid alongside arbitration and public law specialist Gabriel Bottini, who is regularly sought out to act as an arbitrator; and Lisbon-based Fernando Aguilar de Carvalho, who also heads the firm’s litigation department in Portugal. The team supports clients in commercial arbitration and investor-state disputes, with particular experience in the construction, agriculture, transport and utilities sectors, among others.

Practice head(s):

Jesús Remón Peñalver; Gabriel Bottini; Fernando Aguilar de Carvalho


‘Uria presents a competent, capable and diverse team that adapts to the needs of the client.

‘Partners Alexandre Mota Pinto and Gabriel Bottini are supportive, understand client strategy and provide good advice.

Key clients

The Cuatro Ríos Cuenca Consortium

Mota Engil Ingeniería y Construcción



The Republic of Chile

Republic of Cuba

Work highlights

  • Representing Telefónica in an investment arbitration relating to a dispute pertaining to tax measures imposed by a Latin-American state against the client’s local subsidiary.
  • Advising the Dominican Republic on PCA investment arbitration proceedings brought by Azucarera del Guadalfeo and Joaquín Francisco Martín Montero, regarding state measures that resulted in an expropriation.
  • Advising Mota-Engil in a dispute related to a public works contract to develop a metro-bus project in Paraguay and concerning the alleged breach of a major construction contract.

The firm: Uría Menéndez is one of the most prestigious independent law firms in the Iberian market. Founded in the 1940s, it comprises 130 partners, and over 400 associates in 12 offices in the most important financial centres in Europe and the Americas.

The firm’s international structure allows them to provide Spanish, Portuguese 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
Banking and finance: We have extensive experience advising on Spanish and Portuguese law, as well as English law through the Financing Hub, a bilateral group created in collaboration with Slaughter and May. Our strong international focus is reinforced by our presence in all the main financial centres (London, New York and Brussels) and in Latin America through PPU’s offices in Chile, Colombia and Peru.

We work with borrowers and lenders (or buyers and sellers in the case of NPAs) to find truly balanced solutions and support the market’s main players (banks, funds, real estate investment trusts, listed companies, large corporate groups, infrastructure and energy funds and asset-management platforms) in all types of financing.

Capital markets: With our extensive experience and capacity for dialogue with the main regulatory authorities, we can provide advice of the highest calibre to issuers, selling shareholders, investment banks, private equity firms, financial advisers and offerors and companies affected by takeovers.

Among all the firms in the Iberian Peninsula, our multidisciplinary team and practice is unparalleled in its balanced representation of issuers and underwriters, winning us credibility and recognition in the market

Company law and corporate governance: Our knowledge of domestic and international markets and capacity to provide advice on all aspects of market practice in company law, including in highly regulated sectors, enable us to support boards, proactively manage risks and protect business interests by implementing sustainable frameworks.

Our team is made up of experts in company law who provide advice on all stages of the company life cycle.

Competition and EU law: Our specialist lawyers share an in-depth understanding of the regulations and leverage extensive experience liaising with the competition authorities and advising our clients on how to realise their business strategies.

In a constantly changing environment, we offer advice that is technically sound and guaranteed to be of the highest quality, both on the traditional strategic sectors and the new digital economy.

Copyright: Our solid track record with domestic and international players in the information technology, broadcasting, entertainment and cultural industries has given us a thorough understanding of the sector and regulations. We deliver valuable solutions that pursue our clients’ objectives and defend their interests.

We work with a wide range of clients, from literary publishers and newspapers to audiovisual producers, as well as museums, art galleries, cultural foundations, radio and television organisations, information technology companies, digital platforms and telecommunications operators.

Corporate crime and internal investigations: We specialise in economic criminal litigation and pursue the interests of large corporations and management teams in the main economic sectors, assisting them to develop well-informed risk-management strategies that encompass effective corporate governance and robust anti-corruption frameworks.

This includes conducting internal investigations and implementing and reviewing compliance programmes that respond to legal obligations and reputational considerations, all while providing comprehensive solutions that protect business interests.

Digital economy: Our multidisciplinary team takes a 360º approach to tackling the legal questions that technology raises in corporate transactions and litigation, including the intellectual property, employment, tax and competition law aspects. We work together to offer our clients creative and pragmatic solutions.

What sets us apart and ensures all aspects of our clients’ projects are covered is our passion for innovation, our commitment to continual learning and our tireless academic efforts.

Employment: Our specialist lawyers use their comprehensive understanding of business, academic vocation and first-hand experience in the labour and social security authorities to support the human resources departments of large and medium-sized companies in all aspects of employment and social security law.

We also advise on employment issues that arise in the context of mergers, acquisitions, transfers of undertakings and outsourcing.

Energy and natural resources: When it comes to tackling regulatory, financial or business challenges, our team specialises in the needs of the energy, mining and raw materials industries and understands all angles of the issues involved.

Environment and sustainable development: Our multidisciplinary team has more than 25 years’ experience and offers both preventive and corrective advice on environmental matters. We are in a position to establish a dialogue with public bodies and the main regulatory authorities, which allows us to closely follow developments affecting our clients’ interests.

We advise corporate groups whose activities have an environmental impact, regardless of their sector, and entities participating in M&A transactions raising environmental issues.

Financial regulation : Our team is highly specialised, client-focused and capable of handling all areas of financial regulation to provide first-class technical advice for both the Ibero-American and international markets. We are in continual contact with the supervisory authorities and our experience enables us to offer an innovative and practical approach.

Healthcare and life sciences: We are experts in the healthcare, life sciences and chemicals sectors (medicines, food, cosmetics, mixed categories) and take a multidisciplinary approach covering a range of angles: corporate and contractual, administrative and regulatory, competition law, intellectual property, M&A and compliance.

We advise clients from the start of their activity and throughout the research, development, manufacturing, commercialisation and advertising cycle of their products and services. Our knowledge of the market enables us to provide first-rate legal advice that is pragmatic and tailored to each individual case.

IP and unfair competition: What sets us apart is our close relationships with clients, built on a wealth of experience and a thorough understanding of the technical, practical and commercial problems that arise in their regulatory environments and when pursuing their long-term strategies.

We are known for our role in developing doctrine through academic publications that have been accepted and relied upon by courts, as well as for our rigorous analysis and innovative approach to delivering solutions.

Receiving commercially savvy advice is vital for the most innovative and efficient companies – it can prove to be the difference in difficult cases and plays a key role in monetising R&D&I and designing new business strategies.

We advise clients spanning the main strategic sectors on a broad range of matters: pharmaceuticals, chemicals, automobiles, electronics, cosmetics, textiles, defence, services (telecommunications, software, media, banking and finance, public works), food and beverages, farming (plant varieties) and commerce (e-commerce, consumer goods and retail).

Infrastructure projects: Our versatile team of lawyers provides multijurisdictional advice through our network across the Iberian Peninsula and Latin America. Our comprehensive understanding of business and fluid dealings with the regulatory bodies enable us to anticipate the challenges associated with each type of infrastructure, actively participate in preparing draft legislation, and design innovative contractual solutions.

We advise public authorities, construction groups, developers and lenders on all types of issues and help businesses execute those that are particularly complex, ranging from public-infrastructure projects and concessions to public-private partnerships (PPP/PFI), doing so at every stage of the value chain.

Insolvency and financial distress: Our experience tackling business issues and our multidisciplinary and multijurisdictional capabilities enable us to coordinate and manage each matter to optimise processes and ensure the right knowledge and resources are in place so that our clients’ interests are always protected.

Market confidence in our abilities has seen us advise many of the leading Ibero-American financial entities, distressed-debt funds and investors, alternative financiers and distressed businesses on a number of the most important matters in this area.

Insurance and reinsurance: Our multidisciplinary capabilities, extensive experience and in-depth knowledge of the insurance industry enable us to support clients faced with a complex regulatory framework, challenging market conditions and digitalisation programmes, and major changes to distribution channels. We tackle the legal and business issues that can arise when designing and executing corporate and financing transactions, along with regulatory and commercial strategy issues to reinforce market share, capital position and commercial performance.

Our team is made up of expert lawyers who handle all legal aspects of insurance and reinsurance in litigation and commercial, tax, employment, data protection, administrative and competition law.

International arbitration: Our team of specialist lawyers from nine different jurisdictions is able to work in seven languages and apply all the main international rules. We represent companies and high-net-worth individuals before the world’s main arbitral tribunals (the CCI, LCIA, Swiss Courts, CIADI, CAM, CIMA and Spanish Arbitration Court) and in ad hoc arbitrations.

Internet and privacy: Our in-depth knowledge of the digital environment and technologies such as big data, AI, apps and social networks enables us to meet the needs of companies no matter their sector.

We assist our clients with all aspects of data protection and cyberspace.

Litigation: Clients trust our reputation for rigorous, sophisticated, and above all practical advice in all types of proceedings and arbitrations on business-related matters. We set the standard and stand apart in the market.

We carry out a detailed overall analysis of each matter to offer the most effective and appropriate solution to achieve the client’s objectives, providing the necessary resources and team to handle the litigation, but also exploring every possible avenue to resolve the dispute out of court.

We are leaders in multijurisdictional legal defence and appear before all Spanish and Portuguese courts, the Court of Justice of the European Union and the European Court of Human Rights, as well as all domestic and international arbitral tribunals.

Our strong presence in Latin America (in Chile, Colombia and Peru) and our Best Friends network in Europe enable us to provide first-class advice to companies, high-net-worth individuals and family businesses.

M&A:  We offer comprehensive advice that takes a multidisciplinary approach, placing our experience across all areas of law and unparalleled working standards at the disposal of our clients. They can rely on lawyers with training in finance and business – as well as chaired university professors of commercial, civil and employment law – to address all legal and business aspects of their activity.

We tailor our teams to each transaction with lawyers from other practice areas to ensure the advice we deliver covers all aspects of M&A transactions, no matter the sector and whether they are domestic or cross-border. Our established presence in finance and industry enables us to provide the highest-quality advice on how to design, implement and execute transactions and achieve business objectives.

Knowing our clients and their businesses means we can anticipate the impact that changes in legislation and case law will have in their field and offer creative and innovative solutions to complex problems.

We invest long-term in our relations with clients and accompany them through each transaction with top-quality advice and a practical, efficient and creative approach.

Media, Sport and Leisure: We advise on the corporate governance, commercial contracting, regulatory and consumer relations aspects of large corporate transactions in these sectors.

We assemble teams of multidisciplinary lawyers based on the approach and strategy necessary in each case to offer tailored solutions, efficiently manage risks and pursue business objectives. Our resources and wide-ranging international experience allow us to accompany our clients step by step through their cross-border projects, collaborating with the top specialists in each jurisdiction.

Our track record in sports law has earned our team a reputation for excellence in added-value transactions and particularly complex cases. We are there to support companies, clubs, national and international federations, leagues, event organisers and athletes, as well as financers, sponsors, major sporting equipment brands, broadcasters and audiovisual rights holders.

Private equity: Our clients benefit from the experience of leading lawyers across all areas of law: corporate, contractual, finance, tax, employment, regulatory, environment, public, IP, IT, data protection, capital markets (both ECM and DCM), litigation and arbitration. We have private equity specialists throughout the firm, enabling us to organise multidisciplinary teams quickly and efficiently to handle both purely domestic transactions in Spain and Portugal and those with a cross-border component.

Over the last 40 years we have advised the majority of the main funds on their investments and divestitures across all sectors. We understand the risks and requirements involved in private equity and our strong presence in finance and industry enables us to provide funds and their management teams with the highest-quality advice on designing, implementing and executing transactions so that they can achieve their business objectives.

We accompany our clients through each phase of the private-equity investment cycle, from fund structuring and fund raising to equity and debt investment, R&W insurance, senior management incentives, recaps, build-ups and divestitures (trade-sale, secondary, IPO). We invest long-term in our relations with clients and tie ourselves to their success, always offering a practical, efficient and creative approach.

Public law: Our specialist team assists contractors and concessionaires of infrastructures and services in their relations with public bodies, advising companies in heavily regulated and industrial sectors, foreign companies – including investment funds – making bids in Spain and Portugal, and Ibero-American companies when they are carrying out infrastructure and public services projects abroad.

Our academic standing, our close relationships with the main players and professional and industry associations, and our capacity to foster dialogue with public bodies and regulators mean that we are best placed to propose novel solutions for public projects and public-private partnerships.

Real estate and planning: Our in-depth understanding of our clients’ activities and objectives, excellent knowledge of the law and the market, creativity and capacity to organise multidisciplinary teams enable us to offer alternative solutions for real estate and planning transactions.

We work with the main players in the real estate market (investment funds, asset managers and local partners, real estate investment trusts and owners of all types of assets, real estate developers and banks) to design and implement their projects.

Tax: We are equipped to handle the most complex aspects of tax law, with many of our lawyers dual qualified in law and business administration. Our clients also benefit from the insights provided by two ex-tax inspectors and a PhD in Law.

We provide multidisciplinary advice to large corporations, financial entities, private equity and investment funds, majority shareholders of large companies and family groups.

Our international dimension enables us to advise any client with an international presence on Spanish, Portuguese or EU law, with a special focus on the Latin American market where we provide local advice through PPU’s offices in Chile, Colombia and Peru.

Transport and mobilityTransport, logistics and mobility form the backbone of the current economic, social and business environment. The result is a dynamic and complex regulatory framework that requires an all-encompassing approach to legal advice and transactional support.

Our multidisciplinary and versatile team knows how to design and implement regulatory and financing structures, execute corporate and infrastructure transactions, and manage risks in the maritime, aviation, rail, logistics and urban-mobility sectors of the main Ibero-American markets.

Banking and Finance Pedro Ferreira Malaquias
Capital Markets Carlos Costa Andrade
Competition Tânia Luísa Faria
Corporate / M&A Francisco Brito e Abreu
Corporate / M&A Antonio Villacampa
Dispute Resolution and Arbitration Fernando Aguilar de Carvalho
Employment André Pestana Nascimento
Energy and Natural Resources Bernardo Diniz de Ayala
Intellectual Property Francisco Brito e Abreu
Project Finance Bernardo Diniz de Ayala
Public Bernardo Diniz de Ayala
Real Estate and Planning Duarte Garin
Restructuring and Insolvency David Sequeira Dinis
Tax Filipe Romão
Number of lawyers worldwide : 583
Lex Mundi
Other offices : Barcelona
Other offices : Bilbao
Other offices : Brussels
Other offices : London
Other offices : Madrid
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