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Cescon, Barrieu, Flesch & Barreto Advogados

PRAIA DE BOTAFOGO, 228, 15Âș ANDAR – A, 22250-906 RIO DE JANEIRO, RJ, BRAZIL
Tel:
Work +55 21 2196 9200
Email:
Web:
www.cesconbarrieu.com.br

Brazil

Banking and finance
Banking and finance - ranked: tier 2

Cescon, Barrieu, Flesch & Barreto Advogados

At Cescon, Barrieu, Flesch & Barreto Advogados, the 'partners are always available and fully involved in deals', according to sources. The practice, which is traditionally best known for its expertise in project finance and complex debt restructuring transactions, had an impressive year on the sovereign front. Most notably, Rio de Janeiro-based MaurĂ­cio Teixeira dos Santos advised BB Securities and BNP Paribas on the local aspects of Rio Oil Finance Trust's $600m notes offering, which allowed the State of Rio de Janeiro to repay debts incurred to fund its employees' pension fund. In Sao Paulo, high-profile figure Ronald Herscovici, whose 'knowledge and behaviour towards counter parties are an asset to any client', paired up with Daniel Laudisio, who has ‘an eye for detail’, to advise Suzano Papel e Celulose on a $6.9bn bridge loan facility to fund the acquisition of Fibria - a transaction that represented the largest unsecured acquisition-financing in Brazil to date. In a significant cross-office collaboration, Sao Paulo's Alexandre Gossn Barreto acted alongside Rio de Janeiro-based project finance specialist Rafael Baleroni to act for Deutsche Bank on a $130m loan to GTB-TBG Holdings. Other names to note include Joaquim JosĂ© Aceturi de Oliveira and Ana Paula Calil in Sao Paulo and Rio de Janeiro-based Eduardo Kuhlmann Abrantes.

Leading individuals

Ronald Herscovici - Cescon, Barrieu, Flesch & Barreto Advogados

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Bankruptcy and restructuring
Bankruptcy and restructuring - ranked: tier 3

Cescon, Barrieu, Flesch & Barreto Advogados

The restructuring group at Cescon, Barrieu, Flesch & Barreto Advogados is led by Fábio Rosas and benefits from the firm’s strong banking, corporate, capital markets and litigation practices. For example, the team often works closely with colleagues in the corporate department to assist investors in distressed transactions. Also of note is the team’s particular expertise in the oil-and-gas sector; in this space, the team has notable experience in domestic and cross-border restructurings. Rafael Baptista Baleroni is also recommended. Tiago Lopes left for Lollato Lopes Rangel Ribeiro Advogados.

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Capital markets
Capital markets - ranked: tier 1

Cescon, Barrieu, Flesch & Barreto Advogados

Satisfied clients of Cescon, Barrieu, Flesch & Barreto Advogados’ capital markets practice reserve particular praise for its ‘extremely commercial approach’ and ‘great business vision’. In addition to its business sense, the group’s ‘strong availability’ and ‘ability to focus on solutions rather than getting stuck on challenges’ are also held up as significant plus points. A strong performer in both debt and equity deals, the firm enjoys close links with local and multinational banks and corporate issuers. Among its debt highlights, the team advised BB Securities and BNP Paribas on Rio Oil Finance Trust’s $600m notes offering. On the equity front, it advised the underwriters on Hapvida ParticipaçÔes e Investimentos’ high-profile IPO and secondary offering, totalling R$3.4bn. Group co-heads Alexandre Gossn Barreto and Joaquim JosĂ© Aceturi de Oliveira are jointly highlighted as being ‘adept at leading deals’, due to their ability to remain ‘calm and collected at all times, while focusing on priority issues’. Other names to note include ‘savvy deal-maker’ MaurĂ­cio Teixeira dos Santos and ‘stand-out associate’ JĂșlia Lobo, who is an ‘extremely sharp and tireless advocate’. Igor Rego was recently promoted to partner, while Daniel Facó left to join Trench Rossi Watanabe.

Leading individuals

Joaquim José Aceturi de Oliveira - Cescon, Barrieu, Flesch & Barreto Advogados

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Cescon, Barrieu, Flesch & Barreto Advogados

The 'client-oriented', 'skilled' and 'experienced professionals' at Cescon, Barrieu, Flesch & Barreto Advogados combine 'outstanding technical knowledge with a user-friendly approach'. It has a considerable market share of merger cases before CADE, and is well versed in complex merger filings. Among a long list of recent highlights was the team's representation of Ferrous Resources in its merger with a subsidiary of Vale, in a transaction which was contested by third parties. The team is also active in cartel investigations, and stands out for its impressive track record in leniency applications. 'Excellent lawyer' Ricardo Lara Gaillard 'is able to provide accurate legal advice that considers what is best for the business'. Joyce Midori Honda and associate Leonardo Mansur Lunardi Danesi 'act with great professionalism and competence' and are 'always attentive to detail'.

Next generation lawyers

Joyce Midori Honda - Cescon, Barrieu, Flesch & Barreto Advogados

Rising stars

Leonardo Mansur Lunardi Danesi - Cescon, Barrieu, Flesch & Barreto Advogados

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Compliance
Compliance - ranked: tier 3

Cescon, Barrieu, Flesch & Barreto Advogados

Cescon, Barrieu, Flesch & Barreto Advogados 'has leveraged its existing prominence in capital markets and other areas to build a solid compliance team'. The department receives plaudits for its 'great focus' and 'interest in understand the specific needs of the client'. Its workload spans compliance programs, due diligence, investigations and legal opinions, and its clients include domestic and international companies and foreign law firms. Luciano Inåcio de Souza was promoted to partner in February 2019 and is recommended.

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Cescon, Barrieu, Flesch & Barreto Advogados

Major domestic and multinational companies turn to Cescon, Barrieu, Flesch & Barreto Advogados for advice and representation in high-value corporate transactions. 2018 was a busy year for the team, which has carved out its place among the top corporate law firms in Brazil. Its practice spans the gamut of corporate matters and deals, and its expertise in public M&A is of particular note, thanks to the combined strengths of its corporate and capital markets practices. In an illustration of its position as a go-to firm for major deals, Maria Cristina Cescon and Darkson Delmondes Galvão acted for Suzano Papel e Celulose on its high-profile merger with Fibria, which created the world's largest wood pulp producer. Highlights on the sale side included the team's representation of General Shopping Brasil in the sale of Internacional Shopping Guarulhos to the Gazit Group; Ronald Herscovici and Daniel Laudisio were the lead partners. Marcos Rafael Flesch co-heads the department with Cescon; other key team members include Fernanda Bastos Buhatem, Roberto Augusto Nogueira de Pary and Ana Carolina Castro Reis Passos. The group also counts a number of experienced senior associates, including Fernanda Cirne Montorfano, Luciana de Castro Mares Torres and Juliana Vianna Lacreta Gobbi.

Leading individuals

Marcos Rafael Flesch - Cescon, Barrieu, Flesch & Barreto Advogados

Maria Cristina Cescon - Cescon, Barrieu, Flesch & Barreto Advogados

Rising stars

Fernanda Cirne Montorfano - Cescon, Barrieu, Flesch & Barreto Advogados

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Dispute resolution (including White-collar crime)
Dispute resolution (including White-collar crime) - ranked: tier 4

Cescon, Barrieu, Flesch & Barreto Advogados

Dispute Resolution: Arbitration - ranked: tier 3

Cescon, Barrieu, Flesch & Barreto Advogados

'Always available to discuss and align strategy', Cescon, Barrieu, Flesch & Barreto Advogados' dispute resolution lawyers act for Brazilian and international clients in corporate and commercial litigation, arbitration and mediation. With a full-service offering, the firm can staff cases with experts in a range of fields, including M&A and banking. Praise is levelled at 'very good lawyer' Helena Najjar Abdo and Carlos Braga, who 'finds new perspectives'. Senior associate Mauricio Fabbri is also noted. Gabriel Seijo Leal de Figueiredo focuses on contractual and M&A disputes, with additional expertise in bankruptcy and shipping litigation.

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Environment
Environment - ranked: tier 6

Cescon, Barrieu, Flesch & Barreto Advogados

Cescon, Barrieu, Flesch & Barreto Advogados frequently defends clients against class actions. An example was acting for Sany do Brasil concerning the installation of an industrial plant in an allegedly preserved area. Associate Rebeca Stefanini Pavlovsky is 'experienced and committed'.

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Labour and employment
Labour and employment - ranked: tier 3

Cescon, Barrieu, Flesch & Barreto Advogados

The 'very engaged and committed' team at Cescon, Barrieu, Flesch & Barreto Advogados has 'great know-how and experience about all labour matters'. The ‘very responsive and knowledgeable’ Gisela da Silva Freire heads the team, which also includes 'excellent labour litigation lawyer' Gustavo da Silva Souto and recommended senior associate Viviane de Azevedo Rodrigues.

Rising stars

Viviane de Azevedo Rodrigues - Cescon, Barrieu, Flesch & Barreto Advogados

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Cescon, Barrieu, Flesch & Barreto Advogados

Cescon, Barrieu, Flesch & Barreto Advogados stands out for its project finance expertise and recently advised Banco BTG Pactual and ItaĂș BBA on the R$220m project financing of five solar power plants. The team also handles project developments and assisted BNDES with the structuring of two PPP projects for the modernisation, expansion, operation and maintenance of public lighting networks. Practice head MaurĂ­cio Teixeira dos Santos has a 'unique understanding of various aspects of cross-border financing transactions, including issues that are key to driving investor demand as well as rating-agency criteria'. Karin Yamauti Hatanaka is another name to note for project financings.

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Real estate
Real estate - ranked: tier 4

Cescon, Barrieu, Flesch & Barreto Advogados

The highly-regarded team at Cescon, Barrieu, Flesch & Barreto Advogados advises on urban and rural real estate, and collaborates with colleagues in the corporate, capital markets and litigation departments to provide a comprehensive service to its clients. Marcos Lopes Prado is the key partner.

Next generation lawyers

Marcos Lopes Prado - Cescon, Barrieu, Flesch & Barreto Advogados

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TMT
TMT: Tech, innovation and digital business - ranked: tier 4

Cescon, Barrieu, Flesch & Barreto Advogados

Cescon, Barrieu, Flesch & Barreto Advogados' technology and and intellectual property group is led by a rising star: senior associate Luiz Felipe Di Sessa. He recently led assistance to software company Avalara concerning IT agreements.

Rising stars

Luiz Felipe Di Sessa - Cescon, Barrieu, Flesch & Barreto Advogados

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Tax
Tax - ranked: tier 3

Cescon, Barrieu, Flesch & Barreto Advogados

Cescon, Barrieu, Flesch & Barreto Advogados has a strong transactional tax practice, which benefits from the firm's leading M&A department. Highlights included Ramon Machado Castilho's advice to Shell on the tax aspects of the sale of its stake in Comgås, and Roberto Barrieu's advice to Suzano Papel e Celulose on its merger with Fibria. The team also provides non-transactional advisory work and representation in tax litigation, often for household name clients, both domestic and international. Hugo Barreto Sodre Leal heads the tax litigation team. Renato Batiston and Rafael Santos made partner in 2019. The department also counts a number of experienced associates, including Andreza de Souza Ribeiro Fonseca.

Next generation lawyers

Sarah Mila Barbassa - Cescon, Barrieu, Flesch & Barreto Advogados

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Transport and shipping
Transport and shipping: Shipping - ranked: tier 4

Cescon, Barrieu, Flesch & Barreto Advogados

Cescon, Barrieu, Flesch & Barreto Advogados offers 'clear communication' when advising on shipping finance and transactional matters. For example, the team assisted ABN Amro, as agent to the senior lenders, with the financing for the construction and acquisition of five open hatch general cargo vessels. Rafael Baleroni is 'smart and capable'.

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Brazil: Energy and natural resources

Electricity
Electricity - ranked: tier 3

Cescon, Barrieu, Flesch & Barreto Advogados

The ‘reliable and business-focused’ group at Cescon, Barrieu, Flesch & Barreto Advogados provides an ‘outstanding service’ and -as one satisfied client notes- ‘it is especially creative on corporate issues’; the practice also handles project finance, project development and regulatory matters. Infrastructure specialists Maurício Teixeira dos Santos and Roberto Mario Amaral Lima Neto are the key contacts and together they assisted Enel Group with its R$7.1bn acquisition of power distributor Eletropaulo Metropolitana, which represented the first hostile takeover of a Brazilian electric utility company.

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Hydrocarbons
Hydrocarbons - ranked: tier 2

Cescon, Barrieu, Flesch & Barreto Advogados

A historically strong performer in oil-and-gas deals, Cescon, Barrieu, Flesch & Barreto Advogados also attracts praise for its non-transactional practice, with sources commending its ‘breadth of expertise across the oil-and-gas life cycle, including regulatory and antitrust issues’. In a recent example of its growing regulatory prominence, the firm was engaged to advise BNDES on both the structuring of the privatisation of MSGÁS and on the restructuring of the gas distribution regulatory framework in the state of Mato Grosso do Sul. The team, which ‘combines genuine industry specialists with a practical approach’, is led jointly by Rafael Baleroni, who demonstrates ‘in-depth knowledge of key issues throughout the oil-and-gas chain, from downstream to upstream and offshore assets’, and the ‘very responsive and collaborative’ Maurício Teixeira dos Santos.

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Mining
Mining - ranked: tier 3

Cescon, Barrieu, Flesch & Barreto Advogados

Traditionally best known for its strength in corporate finance matters, Cescon, Barrieu, Flesch & Barreto Advogados bolstered its regulatory and operational capability in 2019 with its acquisition of Minas-based mining boutique Mendo de Souza Advogados Associados. Highlights included advising Vale on several matters, including regulatory issues related to the operation of its Tamanduå Mine. The combined group, which also counts Anglo American, Orion Mine Finance and Samarco among its key clients, is led jointly by Frederico Viana Rodrigues and Marcelo Mendo Gomes de Souza.

Leading individuals

Marcelo Mendo de Souza - Cescon, Barrieu, Flesch & Barreto Advogados

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