Rayes & Fagundes Advogados Associados > Sao Paulo, Brazil > Firm Profile

Rayes & Fagundes Advogados Associados
São Paulo - SP CEP: 04543-000

Brazil > Labour and employment Tier 4

Rayes & Fagundes Advogados Associados is commended for its ‘technical competence, agility in service' and its ability to anticipate complex issues. This includes advice on strategic and transaction-related employment issues, such as collective agreements, outsourcing, immigration, variable pay schemes, M&A, and health and safety. The team also has strong expertise in litigation, from collective claims with unions and public prosecutors, through to executive-level unfair dismissal disputes. Practice head Paula Corina Santone is ‘always available, and presents reliable and practical solutions'. Roberto Ferreira Ferlis provides ‘excellent performance in administrative processes, workshops and events'.

Practice head(s):

Paula Corina Santone


‘Technical competence, agility in service and anticipating greater complexity issues.’

‘Good commitment and efficiency.’

‘Paula Corina Santone is always available, and presents reliable and practical solutions.’

‘Josi Soares Castro – very diligent and passionate about her work on our labour litigation cases. Paula Santone – always available. Her ability to speak Spanish assists a lot. Roberto Ferlis – also always available. It is extremely easy to discuss our labour cases and evaluations with him.’

‘The team is very diverse and I enjoy that they have women at all levels of the firm. They are able to assist in all labour subjects and tend to fulfil all requests.’

‘The firm is always up to date with the most relevant topics, such as the follow-up of judgments in Courts, with concrete opinions that give us credibility and security. The services are provided with excellence, the professionals are competent and meet all the expectations of the resolution of cases for the entity, whether individual or collective.’

‘Paula Corina Santone – Partner with excellent knowledge and performance; Tadeu Henrique Machado Silva – Coordinator of the labour area with excellent performance in consulting, processes and meetings. Henrique Andrade Alves de Paula – Coordinator of the labour area with excellent performance in consulting. Roberto Ferlis – partner in the labour area – excellent performance in administrative processes, workshops and events.’

‘We understand that the firm’s differential is the technical knowledge and availability of professionals/lawyers to assist us when we need it or within the timeframe that we consider adequate for our needs.’

Key clients

Autozone Brasil Comércio De Autopeças

União Química Farmacêutica Nacional

Invaio Sciences

Abbvie Farmacêutica

Banco Maxima

Masterfoods Brasil Alimentos (Mars)

Hendrix Genetics

Techint Engenharia E Construção

Columbia Storage Integração De Sistemas

Agility Networks Tecnologia

Cinemark Brasil

Fbs Construção Civil E Pavimentação

Sherwin-Williams Do Brasil Indústria E Comércio

Banco Ourinvest

Singer Do Brasil Indústria E Comércio

Goop Distribuidora Automotiva

Smurfit Kappa Do Brasil Industria De Embalagens

Zup I. T. Serviços Em Tecnologia E Inovação

Leao Alimentos E Bebidas

Cryovac Brasil

Work highlights

  • Assisting MSX International do Brasil in a case concerning an employee who was having their employment contact reinstated.
  • Advising Mercedes Benz on a sensitive labour claim concerning the dismissal of a former executive.
  • Advising Mercedes Benz on a labour claim concerning overtime, salary equalisation and compensation for hazardous work and moral damages.

Tax > Tax advisory Tier 4

Rayes & Fagundes Advogados Associados has ‘a team of proactive lawyers, who always seek to understand all the details of the issue‘, ending with a ‘precise and excellent result‘. The ‘highly qualified and available‘ practice has a good track record for advising clients operating in the pharmaceutical, IT and software sectors on tax consultancy and litigation matters, and also related areas such as social security law. Founding partner Ronaldo Rayes handles contentious and non-contentious issues, while Bruno Aguiar is ‘a reference in tax matters for the pharmaceutical industry‘. Litigator Ana Cristina Maia Mazzaferro is a ‘consistent technical and strategic pillar for tax litigation matters‘. Maria Teresa Zambom Grazi leads on administrative disputes.

Practice head(s):

Ronaldo Rayes; Bruno Aguiar


‘Rayes & Fagundes has a team of proactive lawyers, who always seek to understand all the details of the issue presented by the company when called upon, presenting in the end a precise and excellent result.’

‘Highly qualified and always available team.’

‘Very cooperative and available to align expectations.’

‘The firm has grown significantly in a full service model, seeking to meet more demands than the usual ones. I understand that the firm is distinguished by its handling of tax matters, but is concerned with covering other related fronts that are equally relevant to the corporate management of matters of this nature.’

‘The team has grown in number and quality, and I believe that this movement has been very well led and coordinated by  Bruno Aguiar and Ana Mazzaferro. Bruno is a reference in tax matters for the pharmaceutical industry, and Ana has been a consistent technical and strategic pillar for tax litigation matters.’

Key clients

Eurofarma laboratórios




Via varejo





Boehringer Ingelheim

União Química






United Medical



ABC da Construção

Work highlights

  • Advised pharmaceutical group Sindusfarma on an analysis of tax reforms made by the state of São Paulo.
  • Advised Boehringer Ingelheim on transfer pricing issues.
  • Advising União Química Farmacêutica Nacional in relation to a tax-deficiency note issued by the Federal Tax Authority.

Brazil > Corporate and M&A Tier 5

Primarily based in São Paulo but with an additional office in São Bernardo do Campo, Rayes & Fagundes Advogados Associados handles the entire gamut of corporate law matters and M&A transactions, frequently acting on due diligence reviews and the setting up of business operations in Brazil. Corporate restructurings and shareholder agreements also feature in the firm’s workload, which includes mandates across a range of sectors, such as technology, life sciences, education, energy and banking. Fabiana Fonseca, who has been particularly active in partnership negotiations and restructuring matters, heads up the team, whose lawyers are praised for their ‘great legal knowledge and practical vision'. Carolina Taunay Joop handles commercial agreements, corporate reorganisations and M&A, and the highly regarded Ludmila Passos Holtz focuses on cross-border transactions, contracts and capital markets.

Practice head(s):

Fabiana Fonseca


‘Team with great legal knowledge and practical vision aligned with the client. I feel they are looking for efficient solutions. Objective and clear advice.’

‘Ludmila Passos Holtz has specific and multidisciplinary knowledge, is very objective and practical. She always looks at issues from the client’s point of view and finds efficient and practical solutions. She is also very available for work.’

Key clients


Alphaland Real Estate Administração de Bens

SABIS Serviços Educacionais

Leão Alimentos e Bebidas

Banco Indusval & Partners

Loggi Tecnologia

Patria Investments

IBM Brasil – Indústria, Máquinas e Serviços

Nokia Solutions and Networks do Brasil Telecomunicações

Alcatel-Lucent Brasil Telecomunicações

Audatex Brasil Serviços and Inpart Serviços

Hendrix Genetics

Guide Investimentos

CESVI Brasil


Work highlights

  • Acting for Alvenius Equipamentos Tubulares in the judicial sale of its distribution business of helical carbon steel tubes, which is subject to the client’s ongoing court restructuring.
  • Assisted FG Soluções in the sale of its ownership interest in two solar/wind projects in the state of Ceará.
  • Advising Sabis Serviços Educacionais on the setting up of its operations in Brazil.

Brazil > Restructuring and insolvency Tier 5

Clients of Rayes & Fagundes Advogados Associados benefit from the firm’s ‘good infrastructure and good professionals', noting that the low turnover of fee-earners helps create a sense of ‘solidity and trust'. The practice primarily represents creditors in judicial and non-judicial restructurings, including preventative debt negotiations and the sale and acquisition of distressed assets. Work in the banking, life sciences, software, technology and food sectors dominates the agenda. Key partners include litigator Eduardo Vital Chaves, and Ligia Azevedo Ribeiro and Renata Cavalcante de Oliveira for commercial negotiations.

Practice head(s):

Eduardo Vital Chaves; Ligia Azevedo Ribeiro Sacardo; Renata Cavalcante de Oliveira


‘Good infrastructure and good professionals in the team.’

‘The partners are attentive and there is not a high turnover of employees, which for clients translates into solidity and trust.’

Key clients

Supplier (TOTVS)

J.P. Morgan

Boehringer Ingelheim

Cabify Agência de Serviços de Transporte de Passageiros

Masterfoods Brasil Alimentos

Tereos Group (Açúcar Guarani)

Loggi Tecnologia

DHL (Deutsche Post DHL)

Banco Indusval



Work highlights

  • Represented IBM Brazil as an unsecured creditor in the court-supervised corporate restructuring of the Oi Group.
  • Representing Companhia de Locação das Américas – Locamerica as an unsecured creditor in Grupo Estre’s court-supervised restructuring.
  • Representing Banco Indusval’s interests in Seara’s multimillion-dollar court-supervised restructuring.

Rayes & Fagundes Advogados Associados is a full-service law firm, with particular strength in the areas of corporate/M&A, tax, labour, litigation and restructuring law. It has over 20 years of experience in the Brazilian legal market. The firm has offices in São Paulo and São Bernardo do Campo.

Please find below some more information about the work of our core practice areas:

Corporate: The team covers the full gamut of corporate services, ranging from day-to-day advice and legal opinions to complex cross-border M&A transactions (covering all phases of an M&A deal, from its first negotiations to post-closing advice). It acts on due diligences and offers advice to foreign businesses looking to start operating in Brazil.

Tax: The team covers both consultancy and litigation work as well as offering legal opinions. It offers the full gamut of tax services. On the consultation front, it provides relevant day-to-day advice to clients, including on issues related to direct and indirect taxation, due diligence, tax planning and tax optimisation/recovery. On the litigation front, the team has been particularly busy on tax recovery cases, acting before CARF as well as the lower and superior courts in the country. It is the go-to firm for pharmaceutical companies looking for tax advice and representation in Brazil.

Labour:  The team is well versed in all matters concerning labour, employment and social security. It provides both litigation and consultancy services and has been extremely engaged in all discussions concerning the new labour reforms in Brazil. On the litigation front, the team is experienced in all levels of the courts, in a range of cases covering  collective disputes and bargaining, occupational accidents and disability, for example. It also has strong experience acting before the Ministry of Labour and Public Ministry of Labour. The group also advises on due diligences for M&As, union negotiations, variable pay schemes, voluntary redundancy, overtime issues, collective agreements, strikes, outsourcing, global mobility and health and safety, amongst other matters.

Litigation: The department is well equipped to act on all court levels in Brazil, being able to undertake both administrative and judicial litigation cases. The group has market-leading expertise in credit recovery cases.  It acts on fraud investigations, class actions, civil disputes involving contracts and provides preventative litigation advice.

Restructuring:  The department acts on relevant, strategic corporate restructuring and bankruptcy cases for its clients, being  particularly strong representing creditors. It is active on both judicial and non-judicial restructuring matters. It often advises on preventative private debt restructuring negotiations and on purchase and sale transactions involving distressed assets and companies in special situations.

Digital law: Our team encompasses experts from various areas of practice, which is essential to respond to all types of demands involving digital matters, both in consulting and in litigation ones, for instance matters that include trademark protection in the digital realm,  liability for unauthorized use of search engines and impacts arising from the Internet Civil Framework (Marco Civil da Internet), data privacy policies, online service  privacy policies, and projects to adapt local and international companies to the new data processing standards set by local legislation, with an emphasis on civil, labor and tax impacts.

Real estate: We have a consultancy and litigation team and we are ready to provide assistance in the structuring and development of a variety of real estate development projects; preparing, reviewing and negotiating the various agreements related to real estate assets; conducting due diligence proceedings for the acquisition and lease of real estate; regularization of real estate with the Real Estate Registry, with Municipal Administrations, and other relevant departments.

The advice provided by the firm is always led by a partner, meaning that clients can be assured they will always be speaking with an experienced lawyer.

Founding partner, Tax Ronaldo Rayesrrayes@rfaa.com.br+55 11 3050-2150
Founding partner, Dispute Resolution João Paulo Fagundesjfagundes@rfaa.com.br+55 11 3050-2150
Corporate Fabiana Rodrigues da Fonsecaffonseca@rfaa.com.br+55 11 3050-2173
Labour Paula Corina Santonepsantone@rfaa.com.br+55 11 3050-2167
Litigation and Restructuring Ligia Ribeirolribeiro@rfaa.com.br+55 11 3050-2157
Tax Bruno Aguiarbaguiar@rfaa.com.br+ 55 11 3050-2162
Dispute Resolution, Litigation Eduardo Chavesechaves@rfaa.com.br+ 55 11 3050-2164
Strategic credit recovery, Litigation Renata Oliveiraroliveira@rfaa.com.br+ 55 11 3050-2358
Labour Litigation Roberto Ferlisrferlis@rfaa.com.br+ 55 11 3050-2396
Tax Litigation Ana Mazzaferroamazzaferro@rfaa.com.br+ 55 11 3050-2189
Tax and Customs Maria Teresa Grazimgrassi@rfaa.com.br+ 55 11 3050-2180
Tax Consultancy Flávio Yoshidafyoshida@rfaa.com.br+ 55 11 3050-2183
Digital Law Felipe Moreirafmoreira@rfaa.com.br+ 55 11 3050-2397
Partner : 13
Associados : 57
English (fluent)
Lexwork International

Rayes & Fagundes has shown its commitment to expanding and further developing its socio-cultural initiatives and innovation implementing several new projects, such as:

  • Ageism: We seek professionals with diversified backgrounds, experiences, views and references. In this regard, we have specific programs for the inclusion of people of all age groups, from apprentices to the elderly.
  • Origins: Brazil is a diverse country in terms of ethnicity and origins. We recognize the structure of Brazil’s society and the impact it has, mainly, the life of black people. Our commitment to diversity is not only internal. Our initiatives also involve our partners and communities, including policies that promote ethnic diversity in our work environment, positive actions for participation, and social and ethnic inclusion. Such actions are essential for the construction of more comprehensive knowledge, in addition to contributing directly to the reduction of social and ethnic inequality.
  • LGBTQ+: Aware of the discrimination related to the sexual orientation of each individual or their gender identity, we ensure a welcoming environment of freedom to our professionals, where we accept the different characteristics and lives of each person. We believe that, for purposes of inclusion of the LGBTQ+ individuals in the corporate world, the issue must be seriously addressed through concrete actions to attract, retain and engage these professionals.
    Supported by several measures, our purpose is to create a safe, respectful and inclusive environment; therefore, the professionals can be themselves both inside and outside the corporate environment.
  • Gender Equality: We believe that companies also play an important role in the construction of gender equality in the world. Our law firm has always relied heavily on the talent of women. Currently, of our 70 lawyers, 51 are women; and many of them have grown in their professional careers within our firm.