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Luiz Rafael de Vargas Maluf

Luiz Rafael de Vargas  Maluf

Practice Groups

Capital Markets, Banking & Finance


Office: São Paulo
Phone: (55 11) 50865417


Professional experience

Rafael has over 10 years of practice in Capital Markets and Corporate Law, having assisted clients in over ten global offerings of shares (IPOs/follow-on), and in more than 40 local and international fixed income issuances (bonds, debentures, and commercial papers). He also has solid experience in handling private capital increases for publicly-held companies, and renegotiation of debenture issuances, structured finance, project finance, syndicated loans, and matters related to securities regulation. Rafael has worked as an international associate in the Corporate/Latin America practice group for Simpson Thacher & Bartlett LLP, in New York, assisting in merger and acquisition transactions, and public offerings of shares and bonds of Latin American companies, as well as in compliance matters, and in a litigation before the Supreme Court of New York involving Brazilian companies. Rafael has also participated in the revision in the public hearing phase of normative instructions of the Brazilian Securities and Exchange Commission (CVM), and in the preparation of comments and suggestions alongside institutions such as ABRASCA (Brazilian Association of Publicly-Held Companies), ABBI (Brazilian Association of International Banks), and ANBIMA (Brazilian Financial and Capital Markets Association). Rafael has collaborated on the draft of ABRASCA’s Self-Regulation Code and Best Practices for Publicly-Held Companies.


  • English
  • Spanish


  • LL.M. degree in Corporate and Securities Law, from the University of Virginia School of Law, United States, 2016. 
  • Specialized degree in Corporate Law from GVLaw (Fundação Getulio Vargas), 2011. 
  • University extension in Capital Markets from the Escola Superior de Advocacia of OAB/SP (São Paulo Bar Association), in 2006. 
  • Graduate of the Law School of Universidade Presbiteriana Mackenzie, 2005.

Additional activities:

  • Coordinator of the Corporate Law and Capital Markets Commission of IBRADEMP (Brazilian Institute of Business Law).
  • Member of IASP (São Paulo Institute of Lawyers). 
  • Member of the Legal Commission and the Capital Markets Commission of ABRASCA (Brazilian Association of Publicly-Held Companies). 
  • Member of the Corporate Committee of CESA (Law Firms Study Center) since April 2010.


  • "O Período de Silêncio" article. In Brasil S/A - Guia de Acesso ao Mercado de Capitais para Companhias Abertas. RR Donnelley, 2014. 
  • "A Aplicação da Lei Anticorrupção nas Sociedades de Advogados" article. In Anuário CESA, 2014. 
  • "Nova 476: Ofertas de Ações Dão mais um Passo e se Assemelham às Práticas Internacionais" article. In Revista de RI, ed. 181, março/2014. 

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