GCR 100 - 18th Edition

PLMJ

11 January 2018

Portugal

PLMJ kept the initials of its founders in renaming itself from Pereira Sáragga Leal Oliveira Martins Júdice & Associados, while emphasising its ability to handle matters for international clients such as Ford, Visa and Barclays. The firm’s competition practice, headed by Ricardo Oliveira, continues to be stable in its composition.

On behalf of Visa, PLMJ opposed the proposed merger between SIBS and Redunicre, and successfully so; in July 2017, Portugal’s Competition Authority issued a draft prohibition decision barring SIBS’ purchase of the merchant acquiring business, leading the companies to drop the deal. The firm represented Grupo Bimbo in securing clearance of the multinational baked good maker’s acquisition of Panrico; GLO Dutch Bidco in the acquisition of Mallinckrodt’s nuclear imaging business; and Amtrol, which manufactures pressure cylinders and water system tanks, in its US$283 million sale to Worthington.

Among the firm’s non-confidential behavioural matters are partners Oliveira and Sara Estima counselling Barclays, the leniency applicant in the Portuguese enforcer’s probe of the banking sector. Oliveira, João Medeiros and Tiago Duarte represented the National Association of Pharmacies and its subsidiaries in a successful appeal against the enforcer’s €10.5 million fine for an abuse of dominance, cutting the penalty by more than 90%, which the firm says was by far the largest reduction in the history of the authority. However, in October 2017 a Portuguese court upheld the authority’s €150,000 fine on Ford Lusitana for providing inaccurate information during an antitrust investigation into the company’s car warranty clauses, which required customers to use only authorised repairers.

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