Fintech Market Overview

This article does not constitute legal advice.

Smart contracts in Portugal

Fintech Software

Services resorting to smart contracts do seem to have some legal comfort. Indeed, since 2004, Portugal has had a specific provision dealing with contracts executed by means of computers without human intervention, in its E-Commerce Law (Decree-Law No. 7/2004). This provision applies contract law to these types of contracts and further applies the doctrine of mistake to programming errors, malfunctions and distorted messages. Although self-executing or smart contracts are a step further from contracts concluded without human intervention, it appears that they are permitted under Portuguese law; what is more, the above provision may be applicable to them. Indeed, there is a general principle in Portuguese law that, unless otherwise provided, contracts are not subject to a specific form. However, no specific legal framework exists on smart contracts.1

Client identification in Portugal

Fintech in Portugal

Fintech in other countries

Let's introduce you

Portuguese Fintech Lawyers

Denis Polyakov

Denis Polyakov

Comprehensive legal services for businesses on corporate, tax law, cryptocurrency legislation, investment activities

Silvia Calls

Silvia Calls

We work for international SMEs, startups and Telco's

Viacheslav Losev

Viacheslav Losev

Legal support for FinTech and Blockchain projects

  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/portugal
Offer for startups

Fast start for $5K

You can launch your platform by paying $5000 initially and the rest after 6 months if your business grows