The Project

The Lisbon DAO Observatory is the home page of the Research Project “Crafting Legal Responses to Blockchain-Based Decentralised Business Arrangements and Organisations”. This Research Project was set up within the Lisbon Centre for Research in Private Law (CIDP – Centro de Investigação de Direito Privado), as part of its “New Perspectives on Corporate Governance” research line.

 

The Research Project is headed by co-principal researchers Professora Doutora Madalena Perestrelo de Oliveira and António Garcia Rolo (both from the Faculty of Law of the University of Lisbon) and counts with the participation of researchers João Serras de Sousa and Marta Boura (Faculty of Law of the University of Lisbon), João Vieira dos Santos (Lusófona University, CMVM – Portuguese Securities Market Commission) and Ana Nunes Teixeira (PLMJ - Law Firm).

 

The objective of this Research Project is to try to find legal answers to the current legal challenges posed by Decentralised Autonomous Organisations (DAOs) and similar arrangements in order to help shape future legislative action.

 

In order to achieve this, the Research Project has organised, since its inception in 2022, discussions with industry members and scholars from various jurisdictions, and produced high-value written output, including e-books edited in Portugal and Germany. In the end, through knowledge gained from the industry’s sensibilities and concerns and legal research from our team and from guest scholars, we will provide concrete policy recommendations both on general approaches to DAO regulation and the specific issues of DeFi.

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Principal Investigators
Madalena Perestrelo de Oliveira

Madalena Perestrelo de Oliveira is currently a Guest Professor at the University of Lisbon School of Law, where she has been teaching since 2011. Her PhD thesis focuses on investors’ protection in capital markets, namely on civil liability for securities fraud and on delisting situations.

Madalena is a regular speaker at several courses and conferences. She helps coordinate various postgraduate and intensive courses in the Lisbon Center for Research in Private Law in the areas of corporate governance, corporate finance, investment funds, bankruptcy and breach of contract. She also published several scientific articles and books in her areas of study.

Madalena is a non-executive director at Novabase SGPS, SA., a Portuguese listed company, where she previously held the position of the board of the general meeting’ secretary.

She is also of counsel at PLMJ in the Banking and Finance and Corporate M&A practices, and deputy director at the Journal of Financial Law and Capital Markets (RDFMC).

António Garcia Rolo

Graduated (2013) in Law at the Faculty of Law of the University of Lisbon and LL.M. (2014) in European Legal Studies at the College of Europe (Bruges Campus), António Garcia Rolo is currently Guest Academic Assistant and PhD candidate in the Faculty of Law of the University of Lisbon, a Senior Consultant at the Web3 and crypto consulting firm BlockReg Advisors and a Senior Advisor at the Web3 and crypto trade association Digital Currencies Governance Group (DCGG), as well as a lawyer. António Garcia Rolo has penned various published works on cryptoassets and blockchain law and DAOs, as well as more general company law, European company law, securities law, and civil and procedural law. António also regularly speaks in academic events and post-graduate courses on topics such as the law of cryptoassets, DAOs, company law and securities law. He is also a a researcher at the Lisbon Centre for Research in Private Law.​

Researchers
Ana Nunes Teixeira

Ana Nunes Teixeira is a Portuguese qualified lawyer specialised in Corporate M&A and Fintech, currently working at PLMJ law firm as a Senior Associate. Ana has extensive experience in advising companies and institutional investors on matters related to corporate law, mergers and acquisitions, private equity, venture capital and restructuring, as well as in assisting Fintech companies and crypto-asset investors on corporate, contractual and regulatory matters. Ana holds a MsC in Corporate and Business Law from Católica University Law School and a Postgraduate Degree in Corporate Finance from the Faculty of Law of the University of Lisbon.

João Serras de Sousa

João Serras de Sousa is currently a Guest Lecturer at University of Lisbon School of Law (since 2015), where Graduated in 2015. Concluded his Master’s academic part in 2016 and is currently preparing his doctoral dissertation in the field of Legal Sciences (which focuses on knowledge and legal persons).

Researcher at the Lisbon Center for Research in Private Law – CIDP (since 2015) and speaker at several courses and conferences. His main research areas are Civil Law and Corporate Law.

Lawyer at PLMJ (since 2016) in Corporate M&A and Private Equity practice.

João Vieira dos Santos

PhD in Law at the Faculty of Law of the University of Porto, having been unanimously approved in the Oral Defence, with the thesis entitled "Regulation of Forms of FinTech Corporate Finance - In particular Crowdfunding and Initial Coin Offerings".  Since May 2018, Legal Advisor at CMVM – Portuguese Securities Market Authority. Since February 2022, Professor at the Faculty of Law of the Lusófona University and Integrated Researcher at the Centro de Estudos Avançados em Direito Francisco Suarez. 

Marta Boura

Marta Boura is a Guest Lecturer at the Faculty of Law of the University of Lisbon, a PhD candidate and a researcher affiliated with the Research Centre for Private Law (since 2019). She is also an Of Counsel at Abreu Advogados, focusing on digital law and financial regulation, with experience advising national and international companies on matters related to technology, fintech, and digital markets. Marta is a regular speaker in academic events and courses, namely regarding financial regulation, company law and contracts. She has published research in the fields of Private Law, Banking Law and Commercial Arbitration.

EU Blockchain Observatory & Forum
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IRDi - Institut für das Recht der Digitalisierung
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