“An extremely strong player in TMT,” this firm acts for numerous major clients, including Sonaecom, Impresa and Media Capital. With wide-ranging expertise and excellent resources, it is able to handle the most challenging work in the telecoms, media and IT sectors. Clients also appreciate the full and integrated service on offer here.
One of Portugal’s largest tax departments, with two partners and 17 associates, this is a leading choice for advice on fiscal issues. The department has been busy of late with planning matters relating to a new tax law, in addition to litigation and restructurings, mainly in the financial and energy sectors.
Recent litigation highlights include representing Borealis in a case before the Supreme Administrative Court that saw the recovery of a significant amount of tax and interest. The team also advised EDP - Energias de Portugal on tax restructuring following its acquisition of Horizon Wind Energy. Other clients include Chevron, Barclays Bank, Mitsubishi and Iverson Group.
This firm attracts clients with its broad range of specialisations and its lawyers' excellent availability and dedication. The real estate department advises on public law and planning, and benefits from a strong track record in construction and tourism matters. It recently advised SAIP on the planning and construction of a tourist resort in Alqueva, in Alentejo, a development that includes four golf courses, three hotels and several residential units.
The public law team at this full-service firm works in close conjunction with other departments to great effect. A prime example of this was the advice recently provided to the government and NAER - the public entity in charge of the new Lisbon airport - which involved the corporate, banking and projects teams. The competition group is another regular collaborator, especially for matters involving regulated sectors such as electricity and pharmaceuticals. Clients benefit from the firm's membership of the Lex Mundi network, and from wide national coverage, with offices in Lisbon, Porto and Madeira.
This ten-member group is a favourite choice with clients thanks to its “promptness and total efficiency in solving problems.” Private companies and financial houses are its main source of work in a broad range of projects, including infrastructure projects (particularly motorways), renewable energy and water concessions. The team advised an international syndicate of banks on the EUR450 million financing for one of the bidders for the Tunel do Marão road tunnel concession. Regular clients also include EDP, RBS and BES Investimento. “This is one of the best teams in the country, with an excellent track record,” competitors noted.
With a strong standing in the Portuguese market and a respected corporate team, this local firm acts for both private equity houses and companies. Clients observe: “It has extensive knowledge of the market and a broad range of specialists covering any area required.” The firm assisted Orey with the restructuring of its corporate group via the incorporation of a private equity fund. Other recent clients include ECS Capital and EDP - Energias de Portugal.
The planning team at this full-service domestic heavyweight makes the most of the firm's range of coverage and expertise: besides being part of the umbrella administrative, real estate and urban planning department, the team works in close collaboration with corporate, tax and finance colleagues, as well as the competition desk should the project involve a regulated sector. The firm receives a substantial amount of work from the tourism sector, and recently provided planning and construction advice to Saip, Casa Amiga and Vila Sol.The firm acts on behalf of clients from its bases in Lisbon, Porto and Madeira, and is the Portugal representative in the world’s leading association of independent law firms, Lex Mundi. The firm acts on behalf of clients from its bases in Lisbon, Porto and Madeira, and is the Portugal representative in the world’s leading association of independent law firms, Lex Mundi.
Intellectual Property
2009
A leading force in many other practice areas, including corporate matters, this firm is devoting considerable resources to building up its IP expertise. The IP department focuses on high-value and complex cases involving patent violation, in addition to authors' rights and trade mark work. It acts for prominent pharmaceutical clients and high-profile sports personalities. The team is currently involved in a case relating to the generic pharmaceutical industry.
General Business Law: Porto
2009
The biggest office in Porto in terms of lawyer numbers, this full-service outfit has strong tax and corporate departments and provides first-class advice on employment, TMT, capital markets, dispute resolution and competition. Its clientele speaks for itself, with Sonae, Mota-Engil and Banco Comercial Português all part of the portfolio.
Energy & Natural Resources
2009
This firm maintains a high profile in the energy sector, in part due to its relationships with prominent clients EDP - Energias de Portugal and REN. Recently, the team advised EDP on an IPO of approximately 25% of EDP’s share capital. The team is also informed from an international perspective: it advised EDP on the negotiation of a strategic partnership with Sonatrach, an Algerian gas supply company. Sources note that this team is “co-operative and productive – the lawyers are excellent at finding solutions to problems.” The team’s “deep knowledge of its clients’ businesses” also wins praise.
The employment division is just one of the several highly acclaimed departments at this full-service Portuguese heavyweight. Like the whole firm, the labour department is considered strong all round, with the capacity to handle both consultation and courtroom work. To the delight of its clients, the team combines deep Portuguese employment law knowledge with a keen business sense, and recently demonstrated its skills on a number of restructuring processes. The lawyers’ expertise in handling collective dismissals and downsizings is likely to be sought after in the present economic climate, with such highlight work already including advising Alcoa Fujikura following a factory closure and assisting Carris with collective bargaining matters.
This local team is noted for its high-quality service, with clients reporting that the lawyers offer “creative and bright solutions and rapid, practical responses.” The 38-member team covers the whole range of dispute resolution matters, and is particularly acclaimed for IP litigation and arbitration; its impressive client portfolio includes BPI Pfizer, Philips, Pernod Ricard and Abbott, amongst others.
This corporate/M&A group continues to build on its strong reputation, and its broad remit extends from elements of energy, real estate and tourism to banking and antitrust, with a focus on large, international deals. The team handled the two largest Portuguese capital markets share offerings of the past year, and also advised Sonae Distribuição on its EUR662 million acquisition of 99.9% of the share capital of Carrefour (Portugal). Clients laud the team’s tremendous service, “creative solutions and quick, reliable responses.”
Competition/European Law
2009
A powerful combination of “a large team that hosts some of the best lawyers in the country and an impressive client portfolio across different sectors” makes this one of the top firms for competition law matters. Significant work includes assisting Optimus with challenging a Portuguese law that created stamp duty on increases in share capital, and advising TAP on the acquisition of Portugália Airlines. Overall, clients value the team’s “promptness and efficiency in solving problems.”
This firm has long been active in capital markets and “has gained critical know-how by assisting key clients such as BCP and EDP,” both of which the team advises on transactional and day-to-day capital markets matters. Recent highlights include representing EDP - Energias de Portugal in the IPO for its renewable energy assets (EDP Renováveis) in Portugal and abroad, and advising BCP on its EUR1.3 billion offering of new ordinary shares with preferential rights to shareholders; other key clients include REN, Martifer and Morgan Stanley. The group is particularly robust on the equity side, and is also said to be gaining momentum on the debt side.
Market sources consider this group “one of the front runners for banking matters.” It often deals with demanding and complex transactions, and clients laud the “ace team’s faultless language and negotiation skills.” In line with its high profile, the team recently advised Bank of America on the EUR192 million financing of the IPO for the Freeport Group, which involved the first Portuguese secured bond issue. Other key clients include Caixa - Banco de Investimento, Millennium bcp investimento and Eurohypo.