Home / Europe / Portugal / Capital Markets

Capital Markets

The dynamics of the modern economy requires in-depth knowledge of the markets and their mechanisms. Changes in the organization of companies and the evolution of digitalization on an unprecedented scale are driving a series of related technologies that have significantly altered existing paradigms.

The challenges increase when the legal framework of credit and financial institutions evolves at a different time of reality, and the task of finding solutions that reconcile cultural differences, diverging business climates, and legal frameworks is often complex. The ability to negotiate and establish partnerships are critical factors for the success of many operations.

Whatever your opportunities or challenges may be, our team is specially designed to understand your business needs and provide crucial advice in each transaction.

We can help you shape your strategy, manage risks and make the most of opportunities in these areas:

  • IPOs
  • Commercial paper programmes
  • Debt issuance programmes (EMTNs)
  • Standalone bonds
  • Securitisation
  • Investment funds
  • Structured products
  • Regulatory issues

We have an in-depth knowledge of how corporate M&A law applies in practice across different markets and with cross-disciplinary teams, we work to provide advice close to our clients’ needs.


IFLR1000 dis­tin­guishes CMS Rui Pena & Ar­naut
CMS Rui Pena & Ar­naut has just been high­lighted by the in­ter­na­tion­al dir­ect­ory IFLR1000.The firm is re­com­men­ded in the fol­low­ing areas:Bank­ing;Cap­it­al Mar­kets: Debt;Cap­it­al Mar­kets: Equity;M&A;Pro­ject...
An­gola: Cre­ation of the multi­sect­ori­al com­mis­sion for the reg­u­lat­ory frame­work...
An­golaPres­id­en­tial Or­der No. 3/18 of Janu­ary 12nd has re­cently been pub­lished, which es­tab­lishes a Multi­sect­or­al Com­mis­sion with the ob­ject­ive of mak­ing a dia­gnos­is of the in­sti­tu­tion­al and reg­u­lat­ory...
End of the bear­er se­cur­it­ies
Fol­low­ing the pro­hib­i­tion of the is­su­ance of bear­er se­cur­it­ies, in force as from the 4th of May 2017, the trans­ition­al re­gime that es­tab­lishes the con­ver­sion of bear­er se­cur­it­ies in­to nom­in­at­ive se­cur­it­ies...
Money laun­der­ing and ter­ror­ism fin­an­cing pre­ven­tion
Next week, on the 18th of Septem­ber, the new rules on for money laun­der­ing and ter­ror­ism fin­an­cing pre­ven­tion will come in­to force (Law 83/2017, of au­gust 18th).In gen­er­al, the main in­nov­a­tions in L83/2017...
Cor­por­ate fin­an­cing: SIMFE and short-term debt cer­ti­fic­ates
On 1 June 2017 entered in­to force the new rules on se­cur­it­ies in­vest­ment com­pan­ies for pro­mo­tion of the eco­nomy (SIMFE) and the new rules on short-term debt cer­ti­fic­ates, provided for in De­cree-Law no...
Meet the Law - An­gola Up­date
It was fi­nally pub­lished the new law with the basis for private in­vest­ment in the Re­pub­lic of An­gola, Law 14/15, of 11 Au­gust, which entered in­to force on the date of its pub­lic­a­tion and which re­vokes...
Meet The Law | Cap­it­al Mar­kets
On 15 Oc­to­ber 2013, has entered in­to force the amend­ments to Reg­u­la­tion I of NYSE Euronext, reg­u­la­tion that aimed es­tab­lish­ing the or­gan­iz­a­tion of the rel­ev­ant reg­u­lated mar­ket of se­cur­it­ies.Please check...
Who's Who re­com­mends José Luís Ar­naut in Trade­mark area and Fran­cisco Xavi­er...
Two mem­bers of the CMS-Rui Pena & Ar­naut (RPA) are re­com­men­ded by in­ter­na­tion­al dir­ect­ory Who's Who Leg­al. José Luís Ar­naut is high­lighted in the area of Trade­marks as Fran­cisco Xavi­er de Al­meida is...
Meet The Law - Cap­it­al Mar­kets
On the 17th of May, the Bank of Por­tugal is­sued Cir­cu­lar no. 32/2011/DSC ("Code of Con­duct"), which lays down a set of good prac­tices to be ob­served by Fin­an­cial In­sti­tu­tions and Fin­an­cial Cor­por­a­tions...
Meet the Law - Cap­it­al Mar­kets
De­cree-Law no. 33/2011, was pub­lished on March 7th, with the goal of sim­pli­fy­ing the in­cor­por­a­tion pro­cess for private lim­ited com­pan­ies through (i) mak­ing the share cap­it­al now freely de­term­ined by the...