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Dias Carneiro Advogados

Brazil

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Key contacts
Partner: Ricardo Sanches
Partner: Thiago Vallandro Flores
Key practice areas
Banking
Project finance
Capital markets
Capital markets : Debt
Capital markets : Equity
Financial and corporate
Investment funds
Private equity
Restructuring and insolvency
M&A
Energy and infrastructure
Project development
Firm overview

Founded in 2002, Dias Carneiro is a full-service law firm with international mind. Its work covers a wide range of practices in a coordinated and integrated manner that enables it to identify trends and opportunities on Brazil's fast growing market. Over the years, the firm has developed a solid track record of high-value cross-border transactions advising domestic and foreign companies across key industry sectors. 

The team is well-known for its sophisticated approach and its award-winning ability to offer effective and tailor-made solutions to a broad scale of legal needs.

Key transactional practices
  • Banking
  • Capital markets: Debt
  • Competition
  • Investment funds
  • M&A
  • Private equity
  • Project finance
  • Real estate finance
  • Restructuring and insolvency
Address:
Avenida Paulista, 1079 – 5th floor
São Paulo SP 01311-200
Tel:+55 11 3087 2100 Fax:+55 11 3087 2102 Email:Contact Us Web Address:http://www.diascarneiro.com.br/en
Rankings published in 2026
Banking
Tier 3
41 firms ranked
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Tier 1

BMA Advogados
14 practice areas
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Demarest Advogados
14 practice areas
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Machado Meyer Sendacz e Opice Advogados
14 practice areas
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Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados
14 practice areas
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Pinheiro Guimarães
14 practice areas
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Pinheiro Neto Advogados
14 practice areas
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TozziniFreire
12 practice areas
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Tier 2

Cescon Barrieu
14 practice areas
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Lefosse
13 practice areas
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Stocche Forbes Advogados
11 practice areas
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Tier 3

Campos Mello Advogados
12 practice areas
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Dias Carneiro Advogados
12 practice areas
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Felsberg Advogados
8 practice areas
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Stocche Forbes Advogados
11 practice areas
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Tauil & Chequer Advogados - Mayer Brown
14 practice areas
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Veirano Advogados
14 practice areas
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Tier 4

Champs Law
2 practice areas
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Davis Polk & Wardwell
8 practice areas
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Lobo de Rizzo Advogados
11 practice areas
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Mello Torres Advogados
13 practice areas
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Santos Neto Advogados
7 practice areas
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Themudo Lessa Advogados
1 practice area
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Trench Rossi Watanabe
12 practice areas
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Vella Pugliese Buosi Guidoni
7 practice areas
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Tier 5

Altit Advogados Associados
6 practice areas
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Bichara Advogados
9 practice areas
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FASV Advogados
4 practice areas
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Franco Leutewiler Henriques Advogados
6 practice areas
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KLA Advogados
10 practice areas
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Madrona Fialho Advogados
9 practice areas
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SiqueiraCastro
7 practice areas
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VBSO Advogados
11 practice areas
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Vieira Rezende
8 practice areas
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Notable

BVA – Barreto Veiga Advogados
6 practice areas
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Barcellos Tucunduva Advogados
3 practice areas
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CSMV Advogados
5 practice areas
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Candido Martins Cukier
10 practice areas
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Caputo Bastos e Serra
2 practice areas
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Chalfin Goldberg Vainboim Advogados
4 practice areas
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H Naves Advogados
3 practice areas
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Padis Mattar Advogados
8 practice areas
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Ramos & Zuanon Advogados
2 practice areas
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Capital markets
Notable
52 firms ranked
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Tier 1

Cescon Barrieu
14 practice areas
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Lefosse
13 practice areas
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Machado Meyer Sendacz e Opice Advogados
14 practice areas
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Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados
14 practice areas
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Pinheiro Guimarães
14 practice areas
View full profile
Pinheiro Neto Advogados
14 practice areas
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Stocche Forbes Advogados
11 practice areas
View full profile

Tier 2

BMA Advogados
14 practice areas
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Davis Polk & Wardwell
8 practice areas
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Demarest Advogados
14 practice areas
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Tauil & Chequer Advogados - Mayer Brown
14 practice areas
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TozziniFreire
12 practice areas
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Tier 3

Cascione Advogados
12 practice areas
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Lobo de Rizzo Advogados
11 practice areas
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Madrona Fialho Advogados
9 practice areas
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Mello Torres Advogados
13 practice areas
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Trench Rossi Watanabe
12 practice areas
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VBSO Advogados
11 practice areas
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Veirano Advogados
14 practice areas
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Tier 4

A&O Shearman
1 practice area
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Campos Mello Advogados
12 practice areas
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Franco Leutewiler Henriques Advogados
6 practice areas
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Martinelli Advogados
5 practice areas
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PMK Advogados
2 practice areas
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Rusu, Tosto, Barreto e Fenerich Advogados
8 practice areas
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Vidigal Neto Advogados
4 practice areas
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Vieira Rezende
8 practice areas
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i2a Advogados
6 practice areas
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Tier 5

Altit Advogados Associados
6 practice areas
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Bichara Advogados
9 practice areas
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Coelho Advogados
3 practice areas
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Duarte Garcia Serra Netto & Terra Advogados
5 practice areas
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Eichenberg Lobato Abreu & Advogados Associados
3 practice areas
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KLA Advogados
10 practice areas
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Koga Advogados
1 practice area
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Marcelo Tostes Advogados
4 practice areas
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NFA - Negrão Ferrari Advogados
5 practice areas
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Santos Neto Advogados
7 practice areas
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Souto Correa Advogados
8 practice areas
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Thielmann Advogados
5 practice areas
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Notable

Araújo & Policastro Advogados
6 practice areas
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Bicalho Navarro Advogados
5 practice areas
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Candido Martins Cukier
10 practice areas
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Daló e Tognotti Advogados
5 practice areas
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Dias Carneiro Advogados
12 practice areas
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Felsberg Advogados
8 practice areas
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IBS Advogados
8 practice areas
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Lacaz Martins Pereira Neto Gurevich & Schoueri
5 practice areas
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Levy & Salomão Advogados
12 practice areas
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Loria e Kalansky
3 practice areas
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Vella Pugliese Buosi Guidoni
7 practice areas
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M&A
Tier 4
114 firms ranked
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Tier 1

BMA Advogados
14 practice areas
View full profile
Lefosse
13 practice areas
View full profile
Machado Meyer Sendacz e Opice Advogados
14 practice areas
View full profile
Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados
14 practice areas
View full profile
Pinheiro Neto Advogados
14 practice areas
View full profile
Stocche Forbes Advogados
11 practice areas
View full profile
Tauil & Chequer Advogados - Mayer Brown
14 practice areas
View profile

Tier 2

Campos Mello Advogados
12 practice areas
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Cescon Barrieu
14 practice areas
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Demarest Advogados
14 practice areas
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Lobo de Rizzo Advogados
11 practice areas
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Pinheiro Guimarães
14 practice areas
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TozziniFreire
12 practice areas
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Trench Rossi Watanabe
12 practice areas
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Veirano Advogados
14 practice areas
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Tier 3

Madrona Fialho Advogados
9 practice areas
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Mello Torres Advogados
13 practice areas
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Vieira Rezende
8 practice areas
View profile

Tier 4

Bichara Advogados
9 practice areas
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Dias Carneiro Advogados
12 practice areas
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FM/Derraik
3 practice areas
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Felsberg Advogados
8 practice areas
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Huck Otranto Camargo Advogados
6 practice areas
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KLA Advogados
10 practice areas
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Vella Pugliese Buosi Guidoni
7 practice areas
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Tier 5

Araújo & Policastro Advogados
6 practice areas
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Azevedo Sette Advogados
5 practice areas
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BRZ Advogados
3 practice areas
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Candido Martins Cukier
10 practice areas
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Loeser & Hadad Advogados
4 practice areas
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Martinelli Advogados
5 practice areas
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Miguel Neto Advogados
3 practice areas
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Moreau Advogados
3 practice areas
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Padis Mattar Advogados
8 practice areas
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Rayes & Fagundes Advogados
3 practice areas
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Silveiro Advogados
3 practice areas
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Souto Correa Advogados
8 practice areas
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VBSO Advogados
11 practice areas
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Tier 6

ASBZ Advogados
4 practice areas
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BVA – Barreto Veiga Advogados
6 practice areas
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Baptista Luz Advogados
3 practice areas
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Benetti & Giammarino Advogados
2 practice areas
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Bronstein Zilberberg Chueiri & Potenza
6 practice areas
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Cascione Advogados
12 practice areas
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Coelho & Dalle
2 practice areas
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Coimbra & Chaves Advogados
3 practice areas
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Ferraz de Camargo & Matsunaga
2 practice areas
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Franco Leutewiler Henriques Advogados
6 practice areas
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Gentil Monteiro Vicentini Beringhs e Gil
2 practice areas
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HRSA
2 practice areas
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Leite Tosto e Barros
3 practice areas
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Levy & Salomão Advogados
12 practice areas
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Lopes Muniz Advogados
2 practice areas
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Machado Associados
9 practice areas
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Manucci Advogados
2 practice areas
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Moreira Menezes Martins
2 practice areas
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Orizzo Marques Advogados
4 practice areas
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Perlman Vidigal Godoy Advogados
12 practice areas
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Santos Neto Advogados
7 practice areas
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SouzaOkawa Advogados
4 practice areas
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Ulhôa Canto Rezende & Guerra Advogados
2 practice areas
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i2a Advogados
6 practice areas
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Notable

Abi Ackel Advogados
1 practice area
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BBL - Becker Bruzzi Lameirão Advogados
2 practice areas
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Bastos Bari Vilela Zugman
3 practice areas
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Briganti Advogados
1 practice area
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CSMV Advogados
5 practice areas
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Carneiro Sampaio & Schmitt Advogados
1 practice area
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Castro Barros Advogados
6 practice areas
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Champs Law
2 practice areas
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Davis Polk & Wardwell
8 practice areas
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Donelli, Nicolai e Zenid Advogados
3 practice areas
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Duarte Garcia Serra Netto & Terra Advogados
5 practice areas
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Figueiredo Sens Advogados
1 practice area
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Finocchio & Ustra
2 practice areas
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Fraga Bekierman & Cristiano Advogados
2 practice areas
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Gasparini, Barbosa e Freire Advogados
2 practice areas
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Geraldo Néry Lopes Advogados
2 practice areas
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Guimarães & Vieira de Mello Advogados
4 practice areas
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Hapner Kroetz Advogados
2 practice areas
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ILARRAZ Advogados
2 practice areas
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Lacaz Martins Pereira Neto Gurevich & Schoueri
5 practice areas
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Mallard Medeiros
4 practice areas
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Marcelo Tostes Advogados
4 practice areas
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Marchiori, Sachet, Barros
2 practice areas
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Marcos Martins Advogados
4 practice areas
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Marins Bertoldi Advogados
2 practice areas
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Martins | Villac Advogados
4 practice areas
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Mazzucco & Mello Advogados
3 practice areas
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Meirelles Bruschini e Cunha Advogados
1 practice area
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Melcheds || Mello & Rached Advogados
3 practice areas
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Menna.Barreto Advogados
4 practice areas
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Monteiro de Castro, Setoguti Advogados
3 practice areas
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Novotny Advogados
2 practice areas
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PGLaw
4 practice areas
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Passos e Sticca Advogados Associados
3 practice areas
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Peixoto & Cury Advogados
2 practice areas
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Rolim Goulart Cardoso
8 practice areas
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SABZ Advogados
3 practice areas
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Simoes Pires Advogados
1 practice area
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TPC Advogados
1 practice area
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Tavernard Advogados
1 practice area
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Terciotti Andrade Gomes Donato Advogados
2 practice areas
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Thielmann Advogados
5 practice areas
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Tribuci e Fonseca Advogados
1 practice area
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Urbano Vitalino Advogados
1 practice area
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VBD Advogados
3 practice areas
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Vilarinho Advogados
2 practice areas
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Villemor Amaral
3 practice areas
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Viseu Advogados
2 practice areas
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Project development
Tier 4
41 firms ranked
View full list

Tier 1

Machado Meyer Sendacz e Opice Advogados
14 practice areas
View full profile
Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados
14 practice areas
View full profile
Pinheiro Neto Advogados
14 practice areas
View full profile
Stocche Forbes Advogados
11 practice areas
View full profile

Tier 2

Cescon Barrieu
14 practice areas
View profile
Tauil & Chequer Advogados - Mayer Brown
14 practice areas
View profile
Veirano Advogados
14 practice areas
View profile

Tier 3

BMA Advogados
14 practice areas
View full profile
Campos Mello Advogados
12 practice areas
View profile
Demarest Advogados
14 practice areas
View full profile
Felsberg Advogados
8 practice areas
View profile
Lobo de Rizzo Advogados
11 practice areas
View profile
Madrona Fialho Advogados
9 practice areas
View profile
Pinheiro Guimarães
14 practice areas
View full profile
Trench Rossi Watanabe
12 practice areas
View profile

Tier 4

Araújo & Policastro Advogados
6 practice areas
View profile
Cascione Advogados
12 practice areas
View profile
Dias Carneiro Advogados
12 practice areas
View full profile
Lefosse
13 practice areas
View full profile
Mello Torres Advogados
13 practice areas
View profile
Sion Advogados
2 practice areas
View profile
SiqueiraCastro
7 practice areas
View profile
SouzaOkawa Advogados
4 practice areas
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TozziniFreire
12 practice areas
View full profile
Vella Pugliese Buosi Guidoni
7 practice areas
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Xavier Vasconcelos Advogados
2 practice areas
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Notable

Azevedo Sette Advogados
5 practice areas
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Bichara Advogados
9 practice areas
View profile
Dal Pozzo Advogados
2 practice areas
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Duarte Garcia Serra Netto & Terra Advogados
5 practice areas
View profile
Levy & Salomão Advogados
12 practice areas
View profile
MAMG Advogados
2 practice areas
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Machado Associados
9 practice areas
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Mallard Medeiros
4 practice areas
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Malta Advogados
1 practice area
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Melcheds || Mello & Rached Advogados
3 practice areas
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Orizzo Marques Advogados
4 practice areas
View profile
SABZ Advogados
3 practice areas
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Souto Correa Advogados
8 practice areas
View profile
Villemor Amaral
3 practice areas
View profile
Project finance
Tier 2
17 firms ranked
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Tier 1

Machado Meyer Sendacz e Opice Advogados
14 practice areas
View full profile
Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados
14 practice areas
View full profile
Stocche Forbes Advogados
11 practice areas
View full profile

Tier 2

Cescon Barrieu
14 practice areas
View profile
Dias Carneiro Advogados
12 practice areas
View full profile
Pinheiro Guimarães
14 practice areas
View full profile
Pinheiro Neto Advogados
14 practice areas
View full profile
Tauil & Chequer Advogados - Mayer Brown
14 practice areas
View profile
Veirano Advogados
14 practice areas
View profile

Tier 3

Demarest Advogados
14 practice areas
View full profile
Lefosse
13 practice areas
View full profile
TozziniFreire
12 practice areas
View full profile

Tier 4

Lobo de Rizzo Advogados
11 practice areas
View profile
Vieira Rezende
8 practice areas
View profile

Notable

BMA Advogados
14 practice areas
View full profile
Levy & Salomão Advogados
12 practice areas
View profile
Mello Torres Advogados
13 practice areas
View profile
Restructuring and insolvency
Tier 3
46 firms ranked
View full list

Tier 1

BMA Advogados
14 practice areas
View full profile
Felsberg Advogados
8 practice areas
View profile
Machado Meyer Sendacz e Opice Advogados
14 practice areas
View full profile
Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados
14 practice areas
View full profile
Pinheiro Guimarães
14 practice areas
View full profile
Pinheiro Neto Advogados
14 practice areas
View full profile
Veirano Advogados
14 practice areas
View profile

Tier 2

Cescon Barrieu
14 practice areas
View profile
Demarest Advogados
14 practice areas
View full profile
Lefosse
13 practice areas
View full profile
Padis Mattar Advogados
8 practice areas
View profile

Tier 3

ASBZ Advogados
4 practice areas
View profile
Dias Carneiro Advogados
12 practice areas
View full profile
Leite Tosto e Barros
3 practice areas
View profile
Stocche Forbes Advogados
11 practice areas
View full profile
Tauil & Chequer Advogados - Mayer Brown
14 practice areas
View profile
TozziniFreire
12 practice areas
View full profile

Tier 4

FASV Advogados
4 practice areas
View profile
PGLaw
4 practice areas
View profile
Santos Neto Advogados
7 practice areas
View profile
Trench Rossi Watanabe
12 practice areas
View profile

Tier 5

Araúz Advogados
4 practice areas
View profile
CSMV Advogados
5 practice areas
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Castro Barros Advogados
6 practice areas
View profile
Deccache Advogados
1 practice area
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Ernesto Borges Advogados
1 practice area
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Gustavo Tepedino Advogados
1 practice area
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LDCM Advogados
1 practice area
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Lacerda Diniz Machado
4 practice areas
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Lollato Lopes Rangel Ribeiro Advogados
2 practice areas
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Madrona Fialho Advogados
9 practice areas
View profile
Mange Advogados
2 practice areas
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SiqueiraCastro
7 practice areas
View profile
Souto Correa Advogados
8 practice areas
View profile
Vella Pugliese Buosi Guidoni
7 practice areas
View profile
Villemor Amaral
3 practice areas
View profile

Notable

Feijó Lopes Advogados
5 practice areas
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Ferro Castro Neves Daltro & Gomide
2 practice areas
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LBCA - Lee Brock e Camargo Advogados
1 practice area
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Mazzucco & Mello Advogados
3 practice areas
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Palinkas Advogados
1 practice area
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Teixeira Prima Butler Advogados
1 practice area
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VBSO Advogados
11 practice areas
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VNP Advogados
1 practice area
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Linked Reviews
Financial and corporate

Located in São Paulo, Dias Carneiro is a full-service firm founded in 2002. Some of the firm’s focuses and specialisms are banking, M&A and project development. The banking team represents both borrowers and lenders in many types of transactions, most notably export prepayments and credit facilities. The M&A team specializes in financial services, energy and technology sector transactions for both strategic buyers and sellers. The projects team represents borrowers, lenders, developers and sponsors on projects in the energy, sanitation, pulp and paper, mining and oil and gas industries. 

 

Highlights

Dias Carneiro Advogados advised on high-profile transactions in Brazil during 2024. The firm represented Mahle Metal Leve in acquiring 100% of two subsidiaries from its controlling shareholder, a cross-border related-party transaction between Brazil and Germany. The deal followed CVM Guidance Opinion No. 35, with an Independent Committee ensuring transparency and minority shareholder protection—setting a benchmark for governance in Brazilian capital markets.

Additionally, Dias Carneiro advised IDB Invest on amendments to the financing structure of Project Mendubim, a major renewable energy initiative. The firm negotiated updates to security agreements, including fiduciary assignments and conditional usufruct instruments, reinforcing lender protections and maintaining project bankability. These transactions highlight Dias Carneiro’s expertise in complex M&A and structured finance. 

 

Key clients

Banco Pactual, Bocaina Capital, IDB Invest, IFC, Mahle and Societe Generale Brasil

 

Testimonials

“Gustavo Junqueira is knowledgeable about our internal practices and procedures, as well as market practice. He’s also responsive.” (Banking client) 

“Artur Andrezo is a very present lawyer — always available, quick to respond, and consistently reliable in the support provided.” (M&A client) 

7 results7 results
Deal Highlights
9 results9 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Inter-American Development Bank; Inter-American Investment Corp - Financing
2020-12-31
Dias Carneiro Advogados
Brazil
Financing
Thiago Vallandro Flores
Inter-American Development Bank, Inter-American Investment Corp
Lender
Inter-American Development Bank; Inter-American Investment Corp; China Co Fund; International Finance Corp - Financing
2020-05-20
Dias Carneiro Advogados
Brazil
Financing
Thiago Vallandro Flores
Inter-American Development Bank, Inter-American Investment Corp, China Co Fund, International Finance Corp
Lender
Deutsche Investitions und Entwicklungsgesellschaft - Financing
2020-06-01
Dias Carneiro Advogados
Brazil
Financing
Paulo Leme
Deutsche Investitions und Entwicklungsgesellschaft
Lender
Leve Capital - Securitisation
2020-05-07
Dias Carneiro Advogados
Brazil
Securitisation
Paulo Leme
Leve Capital
Issuer
Leve Capital - Securitisation
2020-12-07
Dias Carneiro Advogados
Brazil
Securitisation
Paulo Leme
Leve Capital
Issuer
Logos Companhia Securitizadora - Securitisation
2020-03-16
Dias Carneiro Advogados
Brazil
Securitisation
Paulo Leme
Logos Companhia Securitizadora
Issuer
Logos Companhia Securitizadora - Securitisation
2020-12-15
Dias Carneiro Advogados
Brazil
Securitisation
Paulo Leme
Logos Companhia Securitizadora
Issuer
Logos Companhia Securitizadora - Securitisation
2021-01-14
Dias Carneiro Advogados
Brazil
Securitisation
Paulo Leme
Logos Companhia Securitizadora
Issuer
IDB Invest - Financing
2024-12-21
Dias Carneiro Advogados
Brazil
Financing
Legal Counsel to IDB Invest (Brazil): Dias Carneiro Advogados – Partners: Thiago Vallandro Flores and Gustavo Junqueira, Senior Associate: Fernanda Savorelli Melhem and Associate: Cecilia Vecchi. Legal Counsel to IDB Invest
IDB Invest
Loan account bank
IFLR1000
Trio of partners join firm in Brazil
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