Hogan Lovells

Debt Capital Markets; Equity Capital Markets; Finance; Banking; Bribery, Corruption and Foreign Corrupt Practices Act Investigations; Mergers and Acquisitions; Corporate Governance; Privacy; Latin America

Office Managing Partner

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.

Portuguese, Spanish, English

Compliance Women Committee – 2019-presentWomen White Collar Defense Association – Brazil Chapter – 2019-present

Law degree, First Class Honours, Pontifícia Universidade Católica de São Paulo, 1989; LL.M., King's College London, 1992