In accordance with the State Budget proposal for 2018, gains arising from the onerous transfer of shares, or similar rights, held in companies or other entities non-resident in Portugal shall be considered obtained in Portugal.
We have experienced the first resolution of a Spanish bank under Act 11/2015, of 18 June, on the recovery and resolution of credit institutions and investment firms and Royal Decree 1012/2015, of 6 November, developing Law 11/2015. Such was the
Portuguese law firms are reporting growth in revenue as transactional work increases – however, with some of the country’s major assets being acquired by foreign investors, the long-term outlook for Lisbon lawyers is uncertain
Private equity funds and hedge funds from the US and the UK are eyeing Portuguese assets, while international companies are seeking to expand their operations
Portugal is now seeing an increase in global law firm alliances, but with their structure often unclear, what impact they will have on the market is still unclear, says Pedro Rebelo de Sousa, senior partner
Regulatory changes are opening up opportunities for new players, such as ‘challenger’ banks and fintechs that will be able to build services on the back of customers’ existing accounts
