The new team will be led by partner Rita Samoreno
Over recent years, banks and financial institutions have been
increasingly involved in large-scale, complex litigation cases. The
common denominator of these cases is the need to comply with
internal procedures and rules, and with the legal and regulatory
duties that apply to banks and institutions. In light of this
situation, the law firm PLMJ has created a banking and finance
litigation team with the experience and know-how to meet the
specific needs of the sector in litigation and risk management
matters. Rita Samoreno Gomes, a partner from PLMJ Litigation, will
lead the team that also includes PLMJ of counsel Pedro Caetano
Nunes, and associates Rute Marques and Cristiano Dias.
According to team leader and partner, Rita Samoreno Gomes,
"Through the creation of this team, to deal specifically
with litigation relating to the banking and finance sector, PLMJ
has taken yet another important step in its strategy of
specialisation by focusing on sectors. This makes us a strategic
partner for financial firms that are increasingly seeking to reduce
risks, whether they are legal, regulatory, financial or
"PLMJ is the first and only Portuguese law firm to have
a separate team of lawyers focused on the specific needs of the
sector in litigation and risk management matters",
emphasised the PLMJ partner.
The matters this team will focus on include:
Construction financing and
Liability for the issue of
prospectuses for securities offered to the public
Injunctions and consumer rights
Pre-litigation and litigation
relating to D&O liability insurance claims by directors of
Regulatory and administrative
proceedings, including before the Bank of Portugal, the Portuguese
Securities Market Commission and the Court of Competition,
Regulation and Supervision PLMJ has many years' experience in
these types of cases. It has been involved in the highest profile
banking and financial litigation cases in Portugal, and in
multi-jurisdictional disputes involving large financial
institutions including Bankinter, Barclays Bank, Blackrock, Pimco,
Crédite Agricole and Arrow Global.
Rita Samoreno Gomes
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The implementation of the mandatory exchange of initial and
variation margin for non-cleared OTC derivative trades in the EU
commenced on 4 February for financial counterparties with the
largest derivatives portfolios.
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