GCR 100 - 13th Edition

PLMJ

06 December 2012

Portugal

As the largest competition practice in Portugal, the 10-lawyer team at Pereira Sáragga Leal Oliveira Martins Júdice & Associados (PLMJ) is recognised by peers as one of the country’s leading practices.

The team is led by Who’s Who Legal nominee Ricardo Oliveira – ex-partner José Luís da Cruz Vilaça left in October having been appointed a judge at the European Court of Justice. A highly experienced practitioner, Vilaça spent 10 years at the EU courts, including six years as president of the General Court, before joining PLMJ in 1996.

The firm is advising on all privatisation deals carried out over the last year under the Portuguese bailout programme. These include acting for government holding company Parpública in the privatisation of REN, Portugal’s electricity grid manager, and ANA, the country’s airport infrastructure manager. Oliveira is also advising Electrobrás in its acquisition of shares in EDP, Portugal’s energy incumbent.

PLMJ is also advising cement company Cimpor in its acquisition by one of its Brazilian shareholders, and the London Stock Exchange on aspects of purchasing a controlling stake in clearing house LCH.Clearnet.

On the behavioural side, PLMJ continues to act in the catering cartel matter. It is the largest antitrust case ever brought by the authority, in which it fined five companies €14.7 million in December 2009. PLMJ is advising Eurest, the largest defendant, which is appealing against a €5.2 million fine. The authority is finalising a new decision after Lisbon’s Commerce Court quashed the first ruling.

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