Oil price slump sees investors look to Portugal

Portugal has seen the return of significant foreign investment – from countries including France Brazil, the US and China, in particular – following the recent slump in oil prices, says Rodrigo Almeida Dias, partner at FCB&A.

“In terms of geography, we have seen significant change as the reduction in oil prices has affected the level of foreign investments in Angola and we are now seeing more investors expressing a growing interested in the Portuguese market,” Almeida Dias says.
He adds that such investors are homing in on opportunities in M&A and real estate, especially in the Lisbon hotel sector. These trends are also leading to a corresponding increase in high-profile litigation, according to Almeida Dias.
When the economic crisis began in 2008, clients exerted considerable pressure on law firms to reduce fees, cap fees or stick to quotations and, according to Almeida Dias, that trend is now having an impact during the recovery.
“We now have to show clients that we can really add value to their businesses and that €100 per hour is not an unreasonable fee for a top lawyer in Portugal,” he says. “Hopefully, step-by-step, we will reduce the rate differences between Portuguese firms and Spanish and English firms.”

Oil price slump sees investors look to Portugal

Garcia-Sicilia

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram