Special report: Portugal’s M&A false starts
Portugal’s lawyers have been busy this year on a number of big deals, but not all have succeeded. Why?
Portugal’s Vieira de Almeida picks up 20-strong team from rival Miranda
Portuguese firm Vieira de Almeida (VdA) has hired around 20 lawyers, including six partners, from rival Miranda Correia Amendoeira & Associados, boosting its strength in oil and gas and African work. The news follows Miranda’s June announcement that the six partners, including chairman Rui Amendoeira, were quitting the firm (16 June 2015). Amendoeira is joining […]
Portugal’s Miranda sees defection of six partners including chairman
A team of six partners led by chairman Rui Amendoeira are quitting Portuguese firm Miranda Correia Amendoeira & Associados, the firm has announced. Amendoeira is leaving the firm alongside fellow partners João Fialho, Paulo Trindade Costa, Rui Andrade, Raul Mota Cerveira and Samuel Fernandes Almeida. In a note to clients sent last week and seen […]
Portugal – Less pain, more gain
Early repayment of its bailout and solid M&A interest from foreign investors have brought optimism to Portugal’s lawyers. The word ‘crisis’ no longer has such strong associations with the Portuguese market. The country recently announced it is paying back half of its bailout loan – around €14bn (£10.2bn) – to the IMF early, meaning things […]
Cuatrecasas sees revenue rise 3 per cent to break through €250m
Iberian firm Cuatrecasas Gonçalves Pereira has reported a 3 per cent rise in turnover for the 2014 financial year, with revenues increasing from €248m to €255.4m (£185.5m). While Cuatrecasas has recorded turnover growth for the past three years (26 February 2014), this year’s results are the strongest for some time. Cuatrecasas also said it will […]
A&O, HSF and Linklaters advise on TSB £1.7bn takeover by Spain’s Banco Sabadell
Allen & Overy (A&O), Linklaters and Herbert Smith Freehills (HSF) were drafted in to advise on the £1.7bn sale of TSB, Britain’s seventh-biggest bank, to Spanish bank Banco Sabadell, which was accepted this morning (20 March 2015). A cross-border team from A&O’s UK and Spanish offices acted for Banco Sabadell. Corporate partner Richard Browne led […]
Uría Menéndez posts record results with 3.6 per cent revenue increase to €192.1m
Slaughter and May’s Iberian best friend firm Uría Menéndez has posted a 3.6 per cent increase in turnover to €192.1m (£142.4m) in 2014, thanks to an improvement in the Spanish and Portuguese economy. Uría’s activity increased in M&A, capital markets and real estate, which had been relatively dormant during the past few years. This resulted in […]
DAC Beachcroft departures stack up in Madrid
Longstanding DAC Beachcroft (DACB) Madrid lead partner Pablo Wesolowski has left the firm to join 11 former colleagues at Rousaud Costas Duran (RCD). According to DACB’s website, it leaves the firm’s Madrid office with a total of 13 lawyers, including partners José María Álvarez-Cienfuegos, Enrique Gich and José María Pimentel. Wesolowski joins 11 former DACB […]
Pérez-Llorca wins Spanish airport IPO deal with €1 fee
Spanish firm Pérez-Llorca has secured the instruction to advise the Spanish airport operator Aena (Aeropuertos Españoles y Navegación Aérea) on its upcoming flotation for a fee of just €1. Aena launched a tender process earlier this year with bids from several firms including Garrigues and Cuatrecasas Gonçalves Pereira. It is understood that there was no […]
Pérez-Llorca to open London office to tap into European finance work
Spanish firm Pérez- Llorca has announced the opening of a new office in London, led by corporate and finance partner Fernando Quicios. This will be the first office outside of Spain for Pérez-Llorca, allowing it to gain a place in what the firm describes as “Europe’s finance capital”. The London office will be its third […]
DLA Piper swoops on A&O Spain senior partner after local management rejig
DLA Piper has hired Allen & Overy’s (A&O) Spanish senior partner Iñigo Gómez-Jordana in Madrid, just months after he handed over the local managing partner role at the magic circle firm. Gómez-Jordana’s move comes after 14 years at the firm as managing partner of the Spanish branch. He took up the position of senior partner […]
Freshfields spins off Barcelona office into IP boutique
Freshfields Bruckhaus Deringer has confirmed the closure of its Barcelona corporate practice and the spin-out of its IP/IT team in the city into new boutique, Intangibles Legal. Intangibles was launched by Freshfields counsel Sergio Miralles, who was responsible for the magic circle firm’s IP and IT practice in Spain, and associate Elena Molina. The decision […]