Bailout behind, opportunities ahead – Portugal’s bailout has depressed activity in the country. While fees will be hit, lawyers are welcoming the prospect of working on bumper privatisations and activity thrown up by the crisis, writes Toby Lewis

Swap to fit – Following the onset of the financial crisis, Spanish courts began looking closely at interest rate swaps. Perez-Llorca’s Guillermina Ester says their decisions have been controversial