Portugal: Corporate and Company Law

In venture capital transactions, liquidation preferences determine how proceeds are distributed between investors and founders during exits or liquidations. This analysis examines how these common-law mechanisms operate within Portugal's more formalistic corporate law framework, exploring the structural and interpretive challenges that arise when embedding such clauses in bylaws versus shareholder agreements across different liquidity scenarios.

For decades, wealth management followed a familiar script: diversify, balance equities with bonds, and track global markets.

Forty years ago, the CEO of a Brazilian manufacturer, Semco, opened the company’s books and discovered that, in this case, full financial transparency produced better decisions and higher revenue. What Ricardo Semler did voluntarily at Semco, the EU Pay Transparency Directive now requires — in a considerably narrower form — of every employer in Europe.

International investors buying property in Portugal increasingly consider the strategic use of finance rather than relying solely on cash.

Portugal has introduced a groundbreaking legal framework governing foreign higher education institutions operating within its borders. What obligations must these institutions now fulfill to legally provide educational services, and how will Portuguese authorities ensure student protection while maintaining academic standards?

The CMVM has put forward a draft regulation for public consultation that establishes a regular reporting obligation regarding investment advisory activities.

Portugal, with its golden beaches, vibrant culture, and attractive climate, has long been a magnet for expats seeking a dream holiday home or a lucrative short-term rental investment.

Funded by the Recovery and Resilience Plan (RRP), the Consolidate to Organise Programme (Programa Emparcelar para Ordenar) has now been extended to cover the whole of Portugal.

Portugal tem ganho cada vez mais reconhecimento como centro de negócios inovadores e de ecossistemas tecnológicos vibrantes.