What the team is known for: A market leader assisting government-owned and private companies with floating-rate and hybrid instrument issuances, securitisations and Euro commercial paper programmes. Through MLGTS Legal Circle, the firm offers first-class advice across lusophone Africa.
Strengths (Quotes mainly from clients):
"Great availability, including from partners. The junior team is very good and its work is supervised, ensuring high-quality results."
Work highlights: Advised Millennium bcp on a EUR3 billion government-subscribed hybrid instrument issue.
Assisted Parpública with the EUR360 million accelerated bookbuilding of a 4.14% stake in EDP - Energias de Portugal.
Morais Leitão, Galvão Teles, Soares da Silva & Associados is a leading player in both equity and debt capital markets. João Soares da Silva, Carlos Osório de Castro and Luísa Soares da Silva advised Millennium bcp on its recapitalisation programme, and Nuno Galvão Teles advised the Portuguese Republic and Parpública on the accelerated bookbuilding process relating to EDP’s share issuance. The firm has also been advising in relation to REN’s second reprivatisation phase.
João Soares da Silva and Luísa Soares da Silva lead on the majority of equity and debt capital markets transactions, respectively, with key partners including Carlos Osório de Castro and Rui de Oliveira Neves, who are both highly praised by clients in finance and corporate mandates.
"Neves is very pragmatic," says one, "he works hard and always tries to find solutions". Castro for his part is highly rated for his service and legal expertise. "We see Osório de Castro and his team as a [true] partner. He is not only able to propose the best legal solutions [and] alternatives, but he also understands our business in depth and he is always reachable".