Claro & Cia


IFLR1000 Reviews

Financial and corporate

Located in Santiago, full service firm Claro & Cia was founded in 1880 and has developed a standout reputation. It is a part of Lex Mundi. 


Focusses / specialisms

Though the firm is most recognised for its work in financial and corporate matters, it also has an excelled projects practice area. 

The banking and finance practice area represents borrowers in credit facilities and bridge loan issuances for project and acquisition financing. 

The capital markets team works on both debt and equity matters such as tender offers and bond issuances. 

In M&A matters, Claro & Cia represents strategic buyers and sellers in acquisitions, joint ventures and other corporate agreements across a wide variety of industries. 

The projects team can be found many times on the financing end of project development. It is active in the infrastructure and energy industries. 


Key clients

Key clients for Claro & Cia include Sumitomo Mitsui Banking Corporation, AES Gener, LATAM Airlines, Citigroup Global Markets and Sonnedix. 


Research period review: 31st edition (2020/2021)

During the research period, the banking and finance team acted for borrowers in corporate, project, DIP and receivables purchase financings. It also worked on a lot of refinancings.

The capital markets team worked mostly debt transactions, but also some equity related transactions. In both practices, the team represented issuers. In debt capital markets, the practice completed investment grade and green bond issuances. Equity capital markets transactions include capital increases and IPOs.

In M&A, the practice represented more buyers than sellers in acquisitions and joint ventures. Many of the acquisitions were project acquisitions, especially in the mining industry. It also represented a few companies in reorganization matters.

The project development team was very active in the mining industry, where it represented developers in easement agreements, acquisitions, sales and governance agreements. The team was also active in the energy industry, especially regarding solar energy, where it represented developers.


Deal highlights: 31st edition (2020/2021)

Anglo American Sur reciprocal easement agreement

Empresa Eléctrica Cochrane $485 million local bond issuance

LATAM Airlines $2.45 billion DIP loan agreement

LATAM Airlines Chapter 11

Sonnedix $100 million Atacama 171MW solar project

State Grid International Development €2.5 billion acquisition of Naturgy’s equity interests in Compañía General de Electricidad


Client feedback: 31st edition (2020/2021)

Banking and finance

“They are very proactive and give excellent advice due to their knowledge of the market. They are also well connected abroad if the case needs it.”

“Quick response and also completely understand about financial issues.”

“Expertise, brand name, knowledge.”

“They understood the job immediately and they managed to negotiate with both jurisdictions and several banks at the same time.”

“Claro has a unique expertise and lawyers. They give confidence to their clients and the bets legal advice you can obtain in Chile in all areas.”

“Excellent firm, proactive and flexible.”

“They are experts in what they do and have an amazing network. They always respond on time.”


Capital markets: debt

“The know how, the experience and quality of their lawyers.”



“Best in the country. Trusted advisor to the clients and a great partner to work with.”

“Especially in negotiation process, they have very good ideas to address the problems that we had during the process.”

“They advise on a range of corporate decisions rather than stating a pros and cons of a certain situation.”


Project finance

“Pro business oriented, flexibility, availability, high technically skilled people.”

“The Claro team is uniformly responsive, smart efficient and knowledgeable.”



“The lawyers of Claro & Cia have a clear understanding of the big picture of the company and the industry. They have an ability to analyze and understand the cause and effect of every action in the process.”


Felipe Larraín

“Very committed to the job, with a deep analysis of the situation and very quick to come up with solutions.”

“Felipe always tries to find solutions and advises u on the best ways to proceed. He focuses on solutions and is practical.”


Jorge Martin

“Always available. Skilled lawyer, pro business oriented. Alternative proposed person. Flexible when it comes to fees.”


José Luis Ambrosy

“Accessible at any time. Friendly.”

“Expertise. Customer focused. Creative towards solutions.”

“Very available, accurate and experienced.”

“José Luis is an experienced lawyer who perfectly knows the business and the client. He has an amazing network and is always available to his clients.”

“Very responsive, very knowledgeable, pragmatic and solutions oriented.”


Jose Maria Eyzaguirre Baeza

“I can trust him.”

“I deal with Mr. Eyzaguirre because I know he gives us trustworthy knowledgeable advice and is always committed to the client.”

“Accessibility, industry knowledge, analytical capabilities.”


Rodrigo Ochagavia

“Excellent, proactive, flexible, always available and willing to provide creative solutions.”