Drawing on the firm’s global expertise, CMS effectively serves clients from diverse sectors, including banking, finance, real estate, retail, and telecoms, offering advice on both the transactional and litigation aspects of restructuring and insolvency matters. The leadership of the team is shared by two partner: Nuno Pena, who is proficient in Bank Recovery and Resolution Directive-related issues; and António Payan Martins, who brings substantial expertise in special situations, restructurings, and transactions involving distressed assets and non-performing loans. The team was further reinforced in August 2022 by the addition of Gonçalo Madeira from Cuatrecasas.

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Key clients

  • Davidson Kempner European Partners LLP
  • BFI - Banco de Fomento Internacional S.A.
  • Ondas & Neblinas Lda.
  • ANA – Aeroportos de Portugal, S.A.
  • Imoholding – Património Imobiliário, SGPS, S.A.
  • Goldman Sachs International

Work highlights

  • Advised Davidson Kempner European Partners, LLP on the acquisition of 5 NPL’s Portfolios with a total outstanding balance of more than €3bn.
  • Advised BFI - Banco de Fomento Internacional, S.A. on the claimed credits on behalf of the bond subscribers within insolvency proceedings, which corresponds to the major credit over TÂMEGA GROUP, S.A..
  • Advised ANA Aeroportos de Portugal S.A. on the restructuring of Groundforce, one of the two handling service providers of the Portuguese airports.

Practice head

The lawyer(s) leading their teams.

Nuno Pena, António Payan Martins

Other key lawyers

Gonçalo Madeira