Pedro Cassiano Santos talks to the Iberian Lawyer

While the idea of a local 'development bank' for Portugal is nothing new, the concept was recently reignited following a visit from German Chancellor Angela Merkel. However, the Portuguese Government "already holds a stake in a reputable bank, notably Caixa Geral de Depósitos (CGD) and its investment division, so why not use that?" asks Pedro Cassiano Santos, partner at VdA heading the Banking & Finance practice, quoted by the Iberian Lawyer in an article in its 24 January edition.