News
PLMJ creates banking and finance team to advise financial institutions and companies on prevention and handling of disputes
21/09/2016Over 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 reputational.”“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:- Mis-selling,
- Construction financing and contractual liability
- Derivatives
- Liability for the issue of prospectuses for securities offered to the public
- Class actions
- Injunctions and consumer rights litigation
- Pre-litigation and litigation relating to D&O liability insurance claims by directors of banking institutions
- 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.
