Practice Areas: Finance

Abreu Advogados advises on the opening of BiG’s branch in Spain

Abreu Advogados advised Banco de Investimento Global (BiG), a private Portuguese bank, on the opening of a branch in Spain focused on the services of savings and investments.

The opening of the BiG´s branch in Spain executes an ambitious expansion plan for the Iberian market, with its primary offer consisting in savings and investment solutions. BiG Spain strategy is mainly to develop digital channels and innovation in the offer of financial services.

This transaction, carried out under the “European passport”, involved a vast range of legal services, including regulatory, banking and investment products, digital platforms and cybersecurity, data protection, employment, among others.

The team was coordinated by Diogo Pereira Duarte, professional partner from the banking & finance practice and by Assunção Vassalo, associate at Abreu Advogados.

BiG – Banco de Investimento Global is a specialized financial institution headquartered in Lisbon, authorized to operate in all of the areas of business open to the banking sector in Portugal and with a presence in the African market. Its investment in Spain is the biggest crossborder project of the entity since its launch in 1998.