Stocche Forbes Advogados > Sao Paulo, Brazil > Firm Profile

Stocche Forbes Advogados
04538-132 SÃO PAULO SP

Brazil > Capital markets Tier 2

A popular choice for both issuers and underwriters, Stocche Forbes Advogados is skilled in capital markets transactions and in investment funds-related regulatory matters. The department is particularly active in the infrastructure and renewables sectors, and has recently advised on prominent debenture issuances and sustainability-linked offerings. Key partners include Marcos Ribeiro, who has a good track record in domestic and cross-border debt, equity, and investment fund offerings, and Henrique Filizzola, who has over 20 years’ market experience. Rio de Janeiro-based Frederico Moura excels in project finance-related deals. Recently promoted partner Thadeu Bretas is steadily building a strong reputation in the financial and capital markets spaces. Victor Manso stands out at the associate level for his involvement in the public offering of securities, project finance and debt restructurings.

Practice head(s):

Henrique Filizzola; Frederico Moura; Marcos Ribeiro; Thadeu Bretas

Key clients

Hapvida Participações e Investimentos

Banco Itaú BBA

Highline do Brasil II Infraestrutura de Telecomunicações

Equatorial Energia

Energisa Group

Copel Group

CM Hospitalar

CCR Group

Companhia Brasileira de Alumínio – CBA

Banco BTG Pactual

XP Investimentos

Work highlights

  • Advised Equatorial Energia on the R$2.78bn follow-on public offering, with restricted efforts, of 118.3m common shares.
  • Advised Banco Itaú BBA on the R$4.367bn financing for the acquisition, by investment vehicles of Brookfield Asset Management, as part of the portfolio of BR Properties.
  • Advised Scala Data Centers on its R$2bn public offering of debentures.

Brazil > Corporate and M&A: High-end Tier 2

Rated for the ‘depth and capability of the team at all levels, from partners to associates’, Stocche Forbes Advogados acts on behalf of acquirers, sellers and investors, and excels in big-ticket transactions. The team is skilled in both domestic and international matters, but particularly stands out for its experience in private equity deals, public M&A, and transactions involving regulated sectors (with a special emphasis on energy). André Mestriner Stocche – the go-to partner for several major private equity firms and their portfolio companies – frequently acts for shareholders and managers in proceedings before the Brazilian Securities Exchange Commission (CVM). He jointly leads the practice with Flavio Meyer, who brings together expertise in M&A, equity and debt securities offerings, and Fabiano Milani, who works on buy and sell-side transactions involving Latin American jurisdictions. Igor Finzi is retained by private and publicly-held companies, funds and financial institutions; Luciana Stracieri focuses on private equity and real estate-related deals; and Alessandra Zequi is particularly noted for her track record in M&A involving listed companies. Rafael Andrade, Bruno Bercito, Emilio Gallucci and Teo Silva Galvão (the latter being especially active in the energy, oil and gas, real estate, telecoms and infrastructure sectors), are also part of the core corporate and M&A team. Based in Rio de Janeiro, Pietro Bianchi specialises in matters concerning regulated assets, including mining, while Matheus Campos is the M&A practitioner to note in Belo Horizonte.

Practice head(s):

André Mestriner Stocche; Flavio Meyer; Fabiano Milani


Extremely flexible team, always seeking the best service in view of the specificities of each matter. Partners are extremely involved in negotiations and easily accessible. Great legal quality in the documents and good value for money.

Matheus Campos is recommended.

The team is committed to the client, meets deadlines and has expertise in the telecoms market.

Rafael Andrade, Luciana Stracieri, and André Stocche are recommended for their commitment and technical skills.

Depth and capability of the team at all levels, from partners to associates.

The partners at Stocche Forbes are very involved in the contractual negotiations. They were able to adapt to the scenario. They were able to design a suitable due diligence model.

Luciana Stracieri and Matheus Campos possess negotiation skills and technical knowledge far above average.

Key clients

Pátria Investimentos


L Catterton

Farallon Capital Management





XP Investimentos



Vibra Energia



DNA Capital

Grupo Ultra

Omega Energia




Work highlights

  • Advised Votorantim on a corporate reorganisation to consolidate the development of its renewable energy generation business in order to create a leading renewable energy platform in Brazil.
  • Advised Vibra Energia on the acquisition of a 50% stake in Comerc Participações, of which 48.7% will be held by Vibra and the remaining 1.3% by the founding shareholders of Vibra Comercializadora de Energia.
  • Advised a subsidiary of Patria Investments on the acquisition of 100% of the capital shares issued by Contour Global do Brasil Participações, which is active in Brazil’s hydropower sector.

Tax > Customs Tier 2

Brazil > Banking and finance Tier 3

Stocche Forbes Advogados handles a variety of debt transactions, ranging from complex acquisition financings and structured products to project finance and debenture offerings. The firm fields a strong selection of highly experienced and specialist banking and finance partners, including Marcos Ribeiro, an expert in debt capital markets, Guilherme Forbes, a key contact for oil and gas clients, Henrique Filizzola, who is knowledgeable of structured finance, and Bruno Gandolfo, who often handles project finance matters. Other key partners on the project finance and infrastructure side include Frederico Moura and Marco Aurélio Saliba, the latter of whom is particularly noted for his energy sector expertise.

Practice head(s):

Guilherme Forbes; Henrique Filizzola; Marcos Ribeiro; Frederico Moura; Bruno Gandolfo; Marco Saliba

Key clients

Engie Brasil Energia

Banco Itau BBA

Patria Investimentos

Banco BTG Pactual

Banco Bradesco

Banco Santander

Equatorial Energia




Credit Suisse

Vinci Partners

V2I Energia

Forbes Resources

Sumitomo Mitsui

Banco de Desenvolvimento Social e Econômico – BNDES

Work highlights

  • Advising the NGO Alliance to End Plastic Waste on a cross-border ESG financing to a subsidiary within the Valoren Recuperadora de Resíduos group.
  • Acted as legal counsel to Monte Pascoal Holding and Banco Itaú BBA for a R$164m restricted public offering of promissory notes by Monte Pascoal Holding.
  • Assisting V2I Energia in a R$120m commercial notes offering.

Brazil > Projects and infrastructure Tier 3

The interdisciplinary team at Stocche Forbes Advogados brings together expertise in banking and finance, public procurement and corporate transactions, making it a popular destination for domestic and international clients – such as financial entities and private companies – seeking advice on all phases of energy and infrastructure projects, from structuring to implementation. The team stands out for its activity in the power sector, but also has further strength in project mandates in the oil and gas, transport and telecoms segments. Corporate and financing transactions involving infrastructure assets are a core area of focus for Guilherme Forbes, while Bruno Gandolfo is proficient in M&A in regulated sectors. Project finance and capital markets matters are key specialisms for Frederico Moura. Mariana Saragoça offers support in public procurement matters, and Marco Saliba is recognised for his broad expertise in project finance and construction contracts.

Practice head(s):

Guilherme Forbes; Frederico Moura; Bruno Gandolfo; Mariana Saragoça; Marco Saliba


‘Frederico Moura possesses a wealth of experience.’

‘Engaged lawyers and young team.’

‘Stocche Forbes is a leading firm in Brazil for infrastructure matters and project finance. They have experience in all sectors. Lenders and sponsors have confidence in their work and dedication.’

‘Guilherme Forbes is probably the best projects lawyer in Brazil; he is especially valuable in cross-border work involving foreign banks and multilaterals.’

Key clients


Éléctricite de France

State Grid

EIG Partners

Equatorial Energia

Golar LNG

Banco (Santander) Brasil

Itaú Unibanco


Celse – Centrais Elétricas De Sergipe

Work highlights

  • Advised Goldman Sachs, BofA, Bradesco, Itaú and Santander on the bond issuance of Açu Petróleo Luxembourg to refinance the debt of Açu Petróleo with DFC and to acquire the minority equity stake in Açu Petróleo held by Oiltanking.
  • Acted for Banco Itaú BBA as the underwriter of the public offering with restricted placement efforts of the 1st issuance of commercial notes issued by Infraestrutura Brasil Holding III-A.
  • Assisted Origem Energia Alagoas in connection with the reserve based lending obtained by the company to finance the acquisition of Polo Alagoas, a set of seven onshore and shallow water oil and gas concessions in Alagoas, from Petrobras.

Brazil > Real estate Tier 3

Stocche Forbes Advogados has a highly skilled team that advises across a broad spectrum of real estate investment and development projects. The firm’s multidisciplinary offering draws on related expertise in tax, corporate, finance, environmental law, and litigation. This enables the experienced team to act in a wide range of transactions and developments in the residential, hospitality, retail, logistics and industrial sectors, including build-to-suit agreements, mixed-use developments, and both rural and urban acquisitions. Among the partners, Vilmar Lima Carreiro Filho brings a wealth of experience in rural and agribusiness-related matters, while the versatile Alexandre Clápis shines in transactional matters, including the structuring of real estate-linked joint ventures.

Practice head(s):

Alexandre Clápis; Vilmar Lima Carreiro Filho

Key clients

GTIS Partners

BTG Pactual Serviços Financeiros

XP Asset Management

Carrefour Comércio e Indústria

Construtora São José

Superfrio Armazéns Gerais

GLP – Global Logistics Properties

Hemisfério Sul Investimentos

Brasilagro – Companhia Brasileira De Propriedades Agrícolas

Cyrela Brazil Realty Empreendimentos e Participações

BR Properties

Agrícola Xingu

Santander Asset Management


Longping High-Tech Sementes & Biotecnologia

Kinea Investimentos

Can-Pack Brasil Indústria de Embalagens


Brookfield Asset Management

Tishman Speyer

Jive Investments Consultoria

XP Exeter Fundo de Investimento Imobiliário

Grupo Sonnervig

Altre Empreendimentos e Investimentos Imobiliários

Alianza Gestão de Recursos

YDUQS Participações

Plaenge Empreendimentos

Goodman Group

XP Exeter


Perfin Investimentos

SPX Gestão de Recursos

Tower Capital Consultoria e Investimentos


Scala Data Centers

Grupo Sonnervig

Oak View Group

Hypera Pharma

ICH Administração de Hotéis

Praias Incorporadora e Construtora

Vinci Partners

Work highlights

  • Advised GRU V Airport Empreendimentos e Participações, a Brookfield Asset Management Group SPV, on its participation in the tender process for the construction and operation of logistics warehouses in concession areas at the Guarulhos International Airport.
  • Advised an affiliate of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas on the acquisition of Fazenda Panamby, a rural  property located in Querência, State of Mato Grosso.
  • Assisted Alianza Trust Renda Imobiliária – Fundo de Investimento Imobiliário in the sale of the location for the Edifício Clariant office building in São Paulo.

Brazil > Restructuring and insolvency Tier 3

Stocche Forbes Advogados balances a busy restructuring and insolvency workload comprised of domestic and cross-border mandates. The group, which has assisted in the restructuring of $3.5bn worth of debt in the past year, is especially strong on the creditor side, where it acts for major banks, bondholders and trade creditors in an array of judicial and extrajudicial proceedings, distressed assets and non-performing loans (NPLs). The ‘very responsive’ practice head Guilherme Gaspari Coelho is noted for his ‘experience working across Brazil and US legal and financial systems‘.

Practice head(s):

Guilherme Gaspari Coelho


‘Guilherme Coelho is very responsive and has experience working across Brazil and US legal and financial systems.’

‘Guilherme Coelho is a prominent lawyer, who always contributes technically and proactively in the search for solutions.’

Key clients

Gramercy Funds Management


Mizuho Bank

Sumitomo Mitsui Banking Corporation

Nippon Export and Investment Insurance (NEXI)

Banco BTG Pactual


BNP Paribas

ING Capital LLC

GoodStorage Holding Participações

DNB Capital LLC.

Highline do Brasil II Infraestrutura de Telecomunicações

Cargill Agrícola

Work highlights

  • Advising the ALB Lenders and acting jointly with Brazilian counsel for other stakeholders on the judicial reorganisation of the Constellation Group.
  • Advising NK 108, Highline and Digital Bridge in the context of the judicial reorganisation of the Oi Group.
  • Advising MUFG, Mizuho SMBC and NEXI on the restructuring and the judicial reorganisation proceeding of Samarco Mineração.

Tax > Tax advisory Tier 3

The specialist tax team at Stocche Forbes Advogados offers a comprehensive service to major domestic and international clients. The team has a strong focus on indirect tax and customs issues, where partners such as Paulo César Teixeira Duarte Filho have developed a solid reputation among clients in key sectors, most notably the oil and gas, and automotive industries. Tax specialists also provide critical support in high-value domestic and cross-border M&A transactions, infrastructure projects, restructurings and capital markets deals. Renato Coelho leads on direct tax and international tax planning matters, and works closely with several up-and-coming partners in this area, including Daniel Abraham Loria and Renato Stanley. Senior associate Andreza Ribeiro is another name to note on the tax consultancy side.

Practice head(s):

Renato Coelho; Paulo Duarte


‘The firm stands out for its availability to deliver quality and efficient services, and a consequentialist view of what is under analysis, including indicating material/financial impacts according to the tax scenarios faced.’

‘Excellent advice; objective and assertive presentations; clear content; continuous client contact.’

‘A lot of technical knowledge of various topics, which adds a lot to the service provided. They work side by side with the client bringing the best solutions.’

‘Renato Coelho – with surprising knowledge, likes to be challenged and always brings solutions to the problems presented to him.’

‘Andreza Ribeiro – very intelligent and helpful.’

Key clients

Mubadala Development Company

C6 bank





Companhia de Gás de São Paulo – COMGÁS


Red Bull do Brasil


Brazil > Competition and antitrust Tier 4

Singled out for its ‘technical expertise and extensive knowledge of the client’s business model‘, Stocche Forbes Advogados acts for both domestic and foreign companies in merger filings before CADE. The antitrust and corporate practices work closely together to assist companies in an array of industries, including private equity, energy, technology, retail and education. Ana Paula Paschoalini, who was promoted to partner in December 2022, steers the team in an array of merger control work. Merger reviews are a core focus for senior associate Vitor Jardim Machado Barbosa, who is also proficient in antitrust investigations and in the development of compliance programmes. Luisa Marcelino Bono is another name to note in the team.

Practice head(s):

Ana Paula Paschoalini


‘What sets Stocche Forbes apart is its technical expertise and extensive knowledge of the client’s business model. Furthermore, the speed with which they deal with matters is consistent with the demands of an increasingly dynamic world.’

‘Vitor Jardim Barbosa and Ana Paula Paschoalini have multiple characteristics that distinguish them from other professionals. In addition, they constantly update the progress of processes, maintaining a clear language accessible to all clients.’

‘Exceptional team, with enormous technical knowledge and availability for clients. One of the best advisors in the area of competition law.’

‘Ana Paula Paschoalini and Vitor Jardim Barbosa are recommended.’

‘Ana Paschoalini – attentive, available, technical and very pleasant to work with. Ana is a star in the industry and her promotion to partner will only make that stand out even more.’

Key clients

Highline do Brasil II Infraestrutura de Telecomunicações

Ultrapar Participações


Smith & Nephew Comércio de Produtos Médicos

Arezzo Indústria e Comércio

Patria Investments

ATG Americas Trading Group

Feegow Technologies Informática



Aligned Energy Holdings

L. Catterton Latin America Management

Work highlights

  • Assisted Equador Energia as an interested third-party in a merger review proceeding involving the acquisition of the Reman refinery from Petrobras by the Atem Group.
  • Advising New Fortress on the filing with CADE of its divestment in the largest thermal power plant in Latin America (CELSE – Centrais Elétricas de Sergipe).
  • Advising DNA Capital on the filing with CADE of the acquisition of a minority stake in Inspirali.

Brazil > Compliance Tier 4

Stocche Forbes Advogados fields a ‘high quality compliance team’ which is retained by corporates from the mining, retail, energy, oil and gas, and food and beverages sectors in relation to internal investigations into corruption, fraud and harassment. Singled out for its ‘deep knowledge of complex M&A‘, the group is proficient in compliance issues arising in the context of corporate and capital market transactions. Camila Pepe, ‘an attentive and careful lawyer when it comes to assessing risks and the possibilities of mitigating them pre-investment‘, focuses on anti-corruption compliance matters, while Barbara Kreutzfeld brings together experience in the implementation of compliance programmes, internal investigations and white-collar crime cases.

Practice head(s):

Camila Pepe


‘High quality compliance team.’

‘Camila Pepe is an attentive and careful lawyer when it comes to assessing risks and the possibilities of mitigating them pre-investment.’

‘Trusted advisors with deep knowledge of complex M&A transactions and compliance.’

‘Deep knowledge in the area, commitment to the client, excellent reputation.’

‘Camila Pepe is recommended.’

‘Able to juggle tight deadlines with ease. They have exceptional technical knowledge and soft skills.’

‘Camila Pepe and Barbara Kreutzfeld are out of the curve when it comes to technical knowledge and ease in solving problems.’

Brazil > Dispute Resolution: Litigation Tier 4

Energy, construction and real estate-related disputes are core areas of focus for Stocche Forbes Advogados, which attracts praise for its ‘deep understanding of clients’ businesses‘. Proceedings arising from M&A and involving environmental law are strong points for the department, which is also sought after for its experience in preventive measures. ‘Distinguished professionalRafael Passaro combines substantial experience in civil litigation with in-depth knowledge of administrative cases. Luis Guilherme Aidar Bondioli, who specialises in civil, commercial and corporate disputes, and Guilherme Gaspari Coelho, who balances a busy litigation and arbitration caseload, are also part of the core team. Key partner Wilson Newton de Mello Neto brings more than 25 years of experience in dispute resolution, standing out for his track record in corporate-related claims. Maria Lucia Cetraro regularly acts for domestic and international clients in proceedings concerning tort, consumer law, collective actions and contractual conflicts. Other noteworthy practitioners include Laura Bastos de Lima and Flávia Persiano Galvão.

Practice head(s):

Rafael Passaro; Luis Guilherme Bondioli; Guilherme Gaspari Coelho; Wilson Newton de Mello Neto


‘The firm and the team have a deep understanding of client’s businesses and operations. The lawyers involved, regardless of seniority, are extremely well trained from a technical point of view. The relationship partner is present in all projects and demands.’

‘Different options/structures are constantly presented, always with the objective of making clients’ operations feasible and safe. It is not a law firm that stimulates litigation in an unrestricted way, there is a lot of consideration and good sense when recommending strategies.’

‘Rafael Passaro, Maria Lucia Pereira Cetraro and Flávia Persiano Galvão are recommended.’

‘Stocche Forbes stands out for its services and the quality of its team. Cases are always accompanied by partners, along with the team specialised in the topic under discussion, which makes the deliberation on the issues more rapid and assertive. It has an agile, efficient and very organised administrative structure.’

‘Rafael Pássaro is a distinguished professional, not only for his refined technical quality, but also for the zeal and wisdom in which he articulates with clients. He has his own professional profile, which transmits singular security to clients and peers.’

‘Wilson Mello Neto is a lawyer with vast legal and executive experience who also deserves to be highlighted. A natural-born articulator with great ability in negotiation and discussions in the legal and political sphere.’

Key clients

Erbe Incorporadora


Tishman Speyer












Agricola Xingu

Reckitt Benckiser Brasil

Capitual Instituição de Pagamento

Work highlights

  • Represents Hypera, Cosmed and Brainfarma in an institutional pharmaceutical dispute involving medicine recalls.
  • Defending Ivory Incorporação e Construção in a class action involving a building license issued by the Municipality of São Paulo for the construction of a real estate project.
  • Represents Danone in a public civil action filed by Instituto Brasileiro de Defesa do Consumidor – IDEC claiming compensation for collective moral damages.

Energy and natural resources > Electricity (and renewable energy)

Stocche Forbes Advogados undertakes a variety of transactional work in all electricity segments, but is perhaps best known for its involvement in big-ticket financing, capital markets and corporate deals within this space. Typical mandates for the team, which works in close collaboration with the firm’s tax, environmental, real estate, compliance and labour practices, also include advising Brazilian and foreign companies in public tender processes and regulatory matters. The group is jointly led by a trio consisting of Rio de Janeiro-based partners Frederico Moura and Bruno Gandolfo, both of whom specialise in financing transactions and M&A, and administrative law expert Mariana Saragoça in São Paulo.

Practice head(s):

Frederico Moura; Bruno Gandolfo; Mariana Saragoça


‘The firm has a team with deep legal and sector technical knowledge; attentive, accessible and friendly professionals.’

‘Firm with a solid structure and dedicated professionals deeply involved in the clients’ business.’

‘Bruno Gandolfo transcends the figure of a mere legal advisor, acting as a true business partner.’

Key clients

State Grid Brazil Holding

Votorantim Energia and VTRM Energia e Participações

Engie Group

Equatorial Energia

Celse – Centrais Elétricas De Sergipe

EDF Norte Fluminense and its Subsidiaries

EDF Renováveis

Omega Group

Patria Investimentos

Energisa Group

Auren Energia




Cymi Group and Its Subsidiaries

Elera Renováveis

Qair Group and Its Subsidiaries

Vibra Energia (former Petrobras Distribuidora)


GIC Private Limited

CPP Investments

Work highlights

  • Advised a subsidiary of Patria Investments on the acquisition of 100% of the capital shares issued by Contour Global do Brasil Participações.
  • Advised Votorantim on a corporate reorganisation to consolidate the business of development and generation of renewable energy in order to create Auren Energia.
  • Advised Vibra Energia on the acquisition of a 50% stake in Comerc Participações.

Energy and natural resources > Hydrocarbons Tier 4

The ‘extremely well-prepared team‘ at Stocche Forbes Advogados is commended by clients for its ‘deep knowledge‘ of the oil and gas sector. With a strong track record in financing and corporate transactions involving hydrocarbons companies and assets, the team is also a solid performer in public bids, divestments and matters before regulatory agencies. Guilherme Forbes, a key contact for M&A and financings in this space, oversees the team with four other practitioners: Frederico Moura and Bruno Gandolfo, who focus on project finance; administrative and regulatory law specialist Mariana Saragoça; and Marco Saliba. Public procurement, regulatory issues and administrative agreements are core areas of activity for associate Julia Barker, while Ana Clara Viola works in project development and contract management.

Practice head(s):

Guilherme Forbes; Frederico Moura; Bruno Gandolfo; Mariana Saragoça; Marco Saliba


‘Extremely well prepared team, with deep knowledge of the sector and with availability and ease of access.’

Key clients

Morgan Stanley

Petro Rio

Syndicate of secured lenders composed by Citibank, BNP Paribas, ING Capital and others

Engie Group

Vibra Energia

New Fortress Energy


Forbes & Manhattan Resources

EIG Group

Nova Transportadora do Sudeste – NTS

Work highlights

  • Advised Forbes & Manhattan Resources on the acquisition of Paraná Xisto.
  • Advised various lenders on the restructuring of the $1.5bn project financings of three drill ships, owned by Constellation’s subsidiaries, which operate in Brazil under bareboat charter agreements with Petrobras.
  • Advised BTG Pactual and Santander regarding the public offering with restrict placement efforts of the first issue of debentures by Petro Rio Jaguar Petróleo.

Brazil > Environment Tier 4

Foreign and Brazilian companies regularly turn to Stocche Forbes Advogados for its wide-ranging expertise in commercial and real estate transactions with considerable environmental risks and implications. The team, which works in close collaboration with the firm's banking, capital markets and infrastructure groups, has notable strength in the identification and management of environmental liabilities in the context of major projects, and is also well versed in environmental investigations and litigation. Following the departure of former head Caroline Dihl Prolo , the group is now led by Beatriz de Azevedo Marcico Pereira, who specialises in ESG issues. Paula Feldmann is a key contact for judicial and administrative cases.

Practice head(s):

Beatriz de Azevedo Marcico Pereira


‘The firm is always up-to-date in its areas of activity and keeps us up-to-date with the rules and laws applicable to our business.’

‘An experienced team of professionals.’

Key clients

Forbes & Manhattan Resources

Pátria Investimentos

Instituto Brasileiro de Petróleo

Perfin Investimentos

SAE Towers

Omega Energia

Elecnor do Brasil

Mercuria Energy Group


Companhia de Saneamento Básico do Estado de São Paulo

Work highlights

  • Advised Forbes & Manhattan on the leveraged buyout of 100% of the shares issued by Paraná Xisto, a SPV owned by Petrobras that holds a shale oil and gas EP concession, refinery assets and other rights related to the Shale Industrialisation Unit (SIX) in São Mateus do Sul.
  • Assisted Angelim Participações in the acquisition of a rural property located in the state of Acre.
  • Advised Pátria Investimentos on the legal environmental due diligence in the context of the acquisition of nine hydroelectric power plants from Contour Global.

Brazil > Public law Tier 5

Stocche Forbes Advogados leverages experience in corporate transactions involving regulated sectors to support clients in privatisations, public tenders, and administrative proceedings before ANATEL. Mariana Saragoça is a seasoned practitioner specialised in administrative and regulatory matters, who often handles risk assessments of concessions and PPPs in the energy, sanitation, telecoms, transport and logistics segments. Key support is offered by a strong team of associates, including Andre Bogossian and Guilherme Nunes, both of whom are active in public procurement and regulatory issues.

Practice head(s):

Mariana Saragoça


‘Firm with extremely qualified lawyers from a technical point of view.’

Key clients

Equatorial Group

Patria Investments

Copel Group

EIG Group

Energisa Group

EDF Norte Fluminense

Auren Energia

Omega Energia

Quadran Energia


Engie Group

CPP Investments

GIC Private Limited

Digital Colony/Highline

Impacto Energia Group

Cymi Brasil

Qair Brasil

Work highlights

  • Advising Highline on the acquisition of 8,000 telecommunication towers from Oi Group, within the context of Oi Group’s judicial recovery.
  • Advised Impacto Energia on a public procedure conducted by SABESP aiming at selecting a strategic partner to develop projects on sludge disposal and usage, including sludge to biogas solutions.
  • Advised Equatorial Energia on the energy transmission auctions promoted by ANEEL in 2022.

Brazil > Dispute Resolution: Arbitration Tier 6

Drawing on the firm’s strong credentials in the projects and infrastructure space, Stocche Forbes Advogados is well placed to handle complex arbitration cases involving the energy and construction sectors. In addition, the team is also adept in proceedings concerning M&A, contractual and shareholder disputes. The practice is under the joint leadership of Rafael Passaro, a contact for commercial and corporate disputes; Luis Guilherme Aidar Bondioli; Guilherme Gaspari Coelho and Wilson Newton de Mello Neto. Maria Lucia Cetraro often acts for clients from the construction, energy and pharmaceuticals industries in strategic disputes.

Practice head(s):

Rafael Passaro; Luis Guilherme Aidar Bondioli; Guilherme Gaspari Coelho; Wilson Newton de Mello Neto


‘Cases are always monitored by partners, together with the team specialised in the subject under discussion, which makes deliberation on the issues faster and more assertive. It has an agile, effective and very organised administrative structure.’

‘Rafael Pássaro stands out not only for his refined technical quality, but also for the zeal and wisdom in which he articulates with clients.’

‘Wilson Mello Neto is a lawyer with extensive legal and executive experience. A born articulator with great skill in negotiation and discussions in the legal and political spheres.’

‘The firm and staff are intimately familiar with my company’s business and operations. The lawyers involved, regardless of their seniority, are extremely well-trained from a technical point of view. The relationship partner is present in all projects. Different options/structures are constantly presented, always with the objective of making it possible to carry out my company’s operations safely.’

We are a leading Brazilian law firm, with full service coverage and active across all economic sectors.

We believe in providing services at the highest standards of excellence and ethics. Other pillars of our culture are respect in all relationships, collaborative and multidisciplinary teamwork, proactivity, and a vigorous pursuit of results that effectively add value to our clients.

Our organizational structure ensures that our services are provided with intensive partner involvement. We form teams that bring together the ideal combination of individuals and expertise for each specific case.

We aim to establish a long-term strategic partnership with our clients, built on trust in our efficiency, quality, and ethical delivery of services. We are proactive in identifying and understanding the issues that are relevant to our clients.

Practice Areas:


Anticorruption Compliance and Corporate Investigations


Banking and Finance

Capital Markets


Consumer Law and Product Liability


Corporate Law

Corporate Law of Closed Companies

Dispute Resolution and Prevention


Executive Compensation

Foreign Investment

Football Legal Management

Fraud Prevention and Asset Recovery


Intellectual Property

Investment Funds

Labor and Employment

Legal Management & Intelligence

Listed Companies

Mergers and Acquisitions


Oil and Gas

Operational Contracts and Project Development


Privacy, Data Protection and Technology

Private Equity

Project Finance

Public Law

Real Estate

Regulated Industries

Regulation & Enforcement of Financial and Capital Markets

Restructuring and Insolvency

Sustainable Finance and ESG Investments


Transportation and Logistics

White Collar

Department Name Email Telephone
Capital Markets Henrique Filizzola
Capital Markets Marcos Ribeiro
Capital Markets Frederico Moura
Projects and infrastructure Guilherme Forbes
Corporate and M&A Andre Stocche
Corporate and M&A Flavio Meyer
Corporate and M&A Fabiano Milani
Corporate and M&A Alessandra Zequi
Dispute resolution Rafael Passaro
Dispute resolution Luis Guilherme Bondioli
Projects and infrastructure Bruno Gandolfo
Real estate Alexandre Laizo Clapis
Tax Renato Coelho
Labour Daniela Yuassa
Tax Paulo César Teixeira Duarte Filho
Debt Restructuring/Bankruptcy Guilherme Coelho
Regulatory Mariana Saragoça
Corporate and M&A Rafael Andrade
Corporate and M&A Ricardo Peres Freoa
Corporate and M&A Matheus Campos
Corporate and Contracts Paola Carrara
Antitrust Ana Paula Paschoalini
Corporate and M&A Igor Finzi
Capital Markets Bernardo Kruel
Listed Companies Bruna Bellotto
Corporate and M&A Bruno Bercito
Anticorruption Compliance and Corporate Investigations/White Collar Camila Pepe
Wealth Planning/Tax Carlos Scharfstein
Listed Companies Daphne Minerbo
Corporate and M&A Emilio Gallucci
Projects and infrastructure Laercio Munechika
Corporate and M&A Luciana Stracieri
Projects and infrastructure Marco Saliba
Corporate and M&A Pietro Bianchi
Tax Renato Stanley
Corporate and M&A Teo Galvão
Capital Markets Thadeu Bretas
Real Estate Vilmar Lima Carreiro
Dispute Resolution and Prevention Wilson Mello Neto
Partners : 39
Lawyers : 230
Total staff : 400
IFA (International Fiscal Association)
IBA (International Bar Association)
International Chamber of Commerce (ICC)
AIJA - International Association of Young Lawyers

At Stocche Forbes Advogados, we see inclusion as a principle of the firm.

We understand that diversity and inclusion are essential for our staff, our clients, and society in general. We strongly believe that, in order to achieve these values, we have to be supporters and proponents for them.

We understand diversity as a fundamental factor, not only from the personal perspective but inclusive from the professional perspective, as it allows for a more comprehensive, complete and enriching exchange of experiences.

Pluralism and tolerance have always been part of our firm’s culture and, over time, we have developed leadership and people management to promote diversity as a guiding principle enforce inclusive practices.

We have proceeded with a cautious project that relies on the commitment and effective participation of top leadership, as well as the participation of all sectors of the firm and all the staff, acting on several agendas as we will present ahead.

Our Diversity & Inclusion Program is currently grounded on four pillars for which we have created specific internal committees:

  • Gender (SF Mulher)
  • LGBTQIAP+ Community (SOMOS)
  • Ethnicity-Racial (Radix)
  • Disability (Ultra)

Therefore, we see diversity and inclusion as an intrinsic value of our firm and also a core part of our identity. As a result, apart from other actions which are still in process of being adopted, we have accomplished the following ongoing initiatives:

  1. Development of the firm’s Diversity and Inclusion Committee;
  2. Execution of the “Women’s Empowerment Principles of the UN”;
  3. Execution before the UN regarding the commitment to reach an equal or superior rate of 30% of women on the top leadership of the firm by the year 2025, through the Equity is Priority movement;
  4. Execution of the ten (10) commitments from the “LGBTI+ Business and Rights Forum” (Fórum de Empresas e Direitos LGBTI+);
  5. Execution of the “Letter of Commitment from the Business Coalition for Racial and Gender Equity” (Carta Compromisso da Coalizão Empresarial para Equidade Racial e de Gênero);
  6. Participation in the “Include Law Project” (Projeto Incluir Direito) of CESA – Centro de Estudos das Sociedades de Advogados, in partnership with Mackenzie University. The Project aims to provide a greater participation of black people in the legal universe and to develop affirmative action, which contributes to the reduction of inequalities and discrimination by means of complementary classes (English, writing, corporate behavior, among others);
  7. Working together with the “Legal Alliance for Racial Equity” (Aliança Jurídica pela Equidade Racial), a group created by the most relevant law firms in Brazil, which set up meetings to promote seminars to discuss the importance of racial diversity in the legal environment;
  8. Promotion of debates, lectures, events, internal trainings and awareness campaigns related to the four pillars of our D&I Strategy;
  9. Development of the “Radix Fortis Program”, under the Radix foundation (group for ethno-racial equity in the firm), which focuses on: (i) employability, development opportunities and professional ascension for black professionals; and (ii) racial literacy, daily and continuous, understanding through spaces of permanent awareness;
  10. Development of a book club consisting of “Plural Readings” (Leituras Plurais), which focuses on reading books on topics related to all the foudation of the firm’s “Diversity & Inclusion Program” (Programa de Diversidade & Inclusão);
  11. Development of the “Together Project” (JUNTOS), which focuses on bringing together the firm and partner companies in debates on themes related to Diversity & Inclusion; and
  12. Dissemination of information, internally and on social media, with the purpose of promoting awareness related to the basis of “Diversity and Inclusion”.

We are glad to confirm that, as a result of all these iniciatives, from walking down the corridors in our facilities, it is possible to see not only a significant increase in the diversity of our legal and administrative staff, but also a relevant improvement of our organizational climate. Finally, we acknowledge the relevance of diversity and inclusion in the work environment, and we are committed to practice, recognize and enhancing it within our firm. Thus, we are increasingly investing in our D&I program and encouraging related diversity initiatives.