Lisbon Annual Report
“
remarks that fees have “hit the bottom”.
The number of transactions
Gonçalo Anastácio, partner at SRS
involving international investors
Advogados, says that work is “clearly
picking up”. However, he adds that due to
has had a positive impact on
Portugal´s financial problems, court fees
fees.
have risen dramatically and this has had
an impact on what options are available
Duarte Garin
to clients. “The risk for a client that loses
Uría Menéndez
a civil action has increased significantly,”
he says. In some cases court fees have
increased ten-fold.
will reach the entire economy and, as a result, there
Linklaters´ Vieira says there is now
will be opportunities for new foreign investors into
a different client landscape in Portugal. “Major
the Portuguese market.
Portuguese companies have changed hands –
Carlos Aguiar, senior partner at Carlos Aguiar,
controlling shareholders have been forced to sell, this
Ferreira de Lima & Associados, agrees that
is an opportunity for everyone, banking activity will
opportunities for lawyers will be created by the “fire
not go away.”
sale” of BES´ assets and the associated potential
The biggest development in the Portuguese
civil and criminal litigation. In addition to BESbanking sector in the last year was BES’
related work, Esquível Advogados partner José
announcement of a €3.6bn loss, which led to the
Luís Esquível says the biggest opportunities for law
development of a plan to spin BES´ hea