Ms Isabel Costa Carvalho > Hogan Lovells > Sao Paulo, Brazil > Lawyer Profile
Hogan Lovells Offices
EDIFICIO PLAZA JK
AV. PRES. JUSCELINO KUBITSCHEK
1.700 7 ANDAR, ITAIM BIBI, SÃO PAULO, SP 04543-000
Brazil
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Ms Isabel Costa Carvalho
Work Department
Debt Capital Markets; Equity Capital Markets; Finance; Banking; Bribery, Corruption and Foreign Corrupt Practices Act Investigations; Mergers and Acquisitions; Corporate Governance; Privacy; Latin America
Position
Office Managing Partner
Career
Isabel Costa Carvalho understands how business and markets work, and is recognized as a leading multidisciplinary lawyer in Brazil with broad experience across various practice areas, including international capital markets, corporate governance, compliance and investigations, and privacy.
Over the past 20 years, she has assisted Brazilian companies in international transactions, including listing their shares on the New York Stock Exchange, guiding them in corporate governance structuring and setting up Foreign Corrupt Practices Act compliance programs, raising capital to fund business development, or assisting on complex cross-border mergers and acquisitions transactions and leading on due diligence matters.
Isabel advises and speaks extensively on anti-bribery laws, corporate governance, and data privacy issues, areas in full development in Brazil. She has been at the forefront of the implementation of Brazil’s new General Data Privacy Law, supporting some of the country’s most prominent entities with data risk management concerns. She routinely assists clients in setting up compliance programs to fit their unique needs, industries, and risks, and guides them in solving problems when they arise, including leading cross-border investigations and dealing with relevant U.S. and Brazilian authorities.
Isabel began her career in London, where she spent six years with a major international firm then moved to Brazil to assist with the opening of the firm’s new office. She later joined Hogan Lovells to lead its São Paulo office with a focus on corporate, compliance, and investigations in Brazil. Her diverse practice gives her the chance to assist clients from many industry sectors, including financial institutions, energy, infrastructure and logistics, technology, retail, and real estate. Fluent in English, Portuguese, and Spanish, she is able to help clients of different cultures all around the world.
Languages
Portuguese, Spanish, English
Memberships
Compliance Women Committee – 2019-present
Women White Collar Defense Association – Brazil Chapter – 2019-present
Education
Law degree, First Class Honours, Pontifícia Universidade Católica de São Paulo, 1989; LL.M., King’s College London, 1992
Lawyer Rankings
Latin America: International firms > Capital markets
Hogan Lovells US LLP‘s dedication to Latin America, which includes a capital markets team with wide ranging expertise, has delivered it an impressive client portfolio and a solid flow of deals. The firm is noted for structured finance transactions, including future-flow cross-border deals, project bonds and operating asset securitisations. It also has a presence in sovereign offerings, along with a mix of equity offerings and note programmes. The Latin America team advises a large number of underwriters, placement agents and issuers. A member of the Latin America steering group, Emil Arca specialises in debt offerings, structured finance and securitisation transactions and is considered a leader in financial future-flow securitisations and diversified payments rights (DPRs) securitisation programmes. Ben Garcia is another capital markets specialist with a major focus on Latin America, including investment grade and high-yield bonds, structured bonds, sovereign bond offerings and sustainability-linked bonds. Sao Paulo office managing partner Isabel Costa Carvalho has a background in Brazil IPOs and follow-on offerings. The São Paulo capital markets team was further reinforced in February 2024 with the arrival of Jonathan Lewis from what is now A&O Shearman. Evan Koster departed the team in February 2025 to Baker Botts L.L.P.. All named individuals are based in New York unless stated otherwise.