Practice area

IFLR1000 Reviews


Competition authority: National Economic Prosecutor & Tribunal for the Defense of Free Competition

Financial regulator: Superintendency of Securities and Insurance (SVS) 

IFLR1000 ranking categories in this jurisdiction: 

Banking, Capital markets, M&A, Project development

Jurisdiction overview

Chile’s legal system is derived from the Civil law model. The Chilean Civil Code was enacted in December 1855 and put into practice January 1857.

Lawyers in Chile are licensed by the supreme court. Lawyers can be a part of the Colegio de Abogados de Chile. Foreign lawyers cannot practise Chilean law, but they can advise on public international law. Foreign lawyers do not need to register in Chile. Foreign lawyers do have the option of re-qualifying in order to practice Chilean law.

Some global firms such as Baker & McKenzie have a presence in Chile, but the market is mainly populated with local firms some of whom have an international presence through networks and alliances.  

In January 2015, the market saw its first international merger when Chilean firm Philippi Yrarrázaval Pulido & Brunner and Colombian firm Prietocarrizosa, in association with Iberian law firm Uría Menéndez merged to create Philippi Prietocarrizosa & Uría. 

Financial and corporate
Albagli Zaliasnik

Albagli Zaliasnik has strong banking and M&A practices.

In banking, the firm advised Banco do Brasil on the refinancing of Abengoa Chile. 

In M&A, the firm represented Nexus on purchasing the portfolio of health insurance provider Isapre Masvida.

Mega Pharma, DeLaw and Unifood are among the clients of the firm.

Alessandri Abogados

Alessandri Abogados’s strengths include banking, M&A, project development and capital markets.

The banking and finance group advised Inter-American Investment Corporation on a secured loan facility to Securitizadora Security.

On the capital markets side, the firm advised Indigo Partners on a capital structure and exit plan.

The firm’s M&A group represented a fund set up by TIAA-CREF/Nuveen on multiple acquisitions and asset management contracts. 

In the project development practice, the firm advised  Puerto Central on an EPC contract to increase the capacity of the Costanera Espigón terminal at San Antonio port.

Key clients include Barry Wehmiller Papersystems, Goldman Sachs International, Alterna Capital Partners, Territorial Apoquindo and Sea Lion. 

Client feedback

“Very good level of service in general.  Very positive level of responsiveness.” – M&A

“The firm provides a quality service, very complete, which always includes an analysis of all the contingencies in the different areas of law that are relevant for a particular situation. It also has the ability to understand customer requirements and create ingenious solutions. The firm is also characterised by its great knowledge of the issues and the great experience of its lawyers.” – Project development

Aninat Schwencke & Cía

Aninat Schwencke & Cía is strong in M&A. The firm is also active in banking and capital markets. The firm’s banking team helped the state-owned oil and gas company Empresa Nacional Del Petróleo obtain a loan from the Bank of Nova Scotia.

On the capital markets side, the firm helped water utilities company Esval issue bonds.

In M&A, the firm advised Austral Capital on the sale of its shares in Paperless to Sovos Compliance. 

Significant client include Citigroup Global Markets, JP Morgan Securities, Verfrut, Genera Austral and Tres Cumbres.

Client feedback

“I'm very comfortable working with them. Good team, good customer service at a reasonable price.” – Investment funds

Arteaga Gorziglia & Cía

Arteaga Gorziglia & Cía is strong in M&A and project development.  The firm is particularly active in the energy and infrastructure sectors.

In M&A, the firm advised oil and gas company Total on the acquisition, financing and sale of a portfolio of solar projects.

In one highlight project development deal, the firm advisied Acciona Energia on the construction of El Romero, a 196 MW solar plant.

In M&A, the firm rose to tier 3 in the rankings.

Key clients include Sunpower, Grupo Costanera, Walmart Chile, Danish Agribusiness Fund and OHL Chile.

Baker McKenzie

Baker McKenzie has a strong M&A practice and is generally an active player in the market. 

The firm’s banking team has advised borrower and lenders on corporate loans, refinancings and debt restructurings.   

The firm’s M&A team has worked on high value deals in a range of sectors, including telecommunications and real estate. One deal saw the firm advise Motorola Solutions on the acquisition of Interexport, Mobilink and other companies.  

The Bank of Tokyo-Mitsubushi, Banco Security and Mandarin Oriental Group are key clients.  

Client feedback

"I work primarily with Jaime Munro. Jaime is very passionate about his work. He gets very involved in every deal and is always available. He has a very good sense of the business and strategy. We are very happy working with him." - Banking, M&A, Project development 

Baraona Fischer & Cia

Baraona Fischer Spiess is active in M&A and banking.

In banking, the firm advised Itaú Corpobanca on the financing of Global Via Infrastructure’s acquisition of the shares issued by Acciona Concesiones Ruta Ciento.

 M&A transactional details were confidential but the firm was active in the technology and construction sectors over the research period. Key clients include infrastructure companies and financial institutions.

Barros & Errázuriz Abogados

Barros & Errázuriz is a leading transactional firm, particularly within the energy and infrastructure sectors.  

Within banking, the firm shines on project finance transactions. The firm advises both borrowers and lenders. In one deal, the firm advised a series of banks with amending a credit facility to Transelec 

The firm’s capital markets team often advises on corporate bonds and public investment funds. One notable deal saw the firm advise CMPC Investments on a green bond issue 

In M&A, the firm advised both sellers and acquirers in a range of sectors. The firm’s M&A team often advises investment funds on acquisitions in the country.  

Key clients include Banco Santander and BBVA. 

Client feedback

"Excellent." - Investment funds

"Good knowledge and experience of several areas of the Chilean law. Team available to pick-up the matters even with a timeframe restriction. Reputation is also an important asset for my company and our shareholders and stakeholders." - M&A 

“As my counterparties, I had an unusually cordial and productive working relationship, particularly with the team headed by Francisco de la Barra. They proved to be upfront, proactive and commercial all along this very complex transaction. They always tried to solve problems in the most efficient manner and were responsive in a short time. Their assistance was critical to help us achieve closing of our project financing.” - Project finance 

Victor Barros

“Very proactive and has skills to lead his team. Victor understands perfectly the expectation of the client and details of the negotiation.”

Francisco de la Barra

“Strengths: Francisco is very commercial, deal oriented and helpful. As stated above, he was not my lawyer but my counterparty, however that did not prevent us from having a productive working relationship. I would highly recommend him. This was also true for his team, including Enrique Barros, Nicole Ubal and Jean Andre Petit. The projects team (Nicolás Balmaceda, Juan José Izquierdo) was slightly less commercial but still instrumental to help us achieve closing.”

Luis Alberto Letelier

"He is very clear."

Tomás Pintor and Fernando Campino

“Both excellent lawyers and focused on the projects under their responsibility.”

Bofill Mir & Alvarez Jana Abogados

Bofill Mir & Alvarez Jana Abogados is particularly known for its work on mining deals, but the firm is also a strong finance and M&A player. 

In finance, the firm has been seen on corporate bonds, investments funds, syndicated loans and financings of real estate projects.  

The M&A team is active and works in a range of sectors. One deal saw the firm advise a client on the acquisition of Grupo O Dos, the holding company of Chilean gym chain Gimnasios O2. 

The firm’s mining team has advised many prominent mining companies on acquiring concessions and developing mining projects. While mining is a prominent sector for the firm’s projects team, it can also be seen on deals in other sectors, such as energy.  

The firm advises the likes of Barrick Gold, Laguna Gold and Pacific Hydro Chile. 


Carey continues to be a top firm across the board in the country.   

On banking matters, the firm advises both borrowers and lenders.  The firm does work across a range of sectors, but energy has been particularly active this research period. Within banking, project finance is especially active. One example of the firm’s work is its advice to Aela Energía on a loan to finance the construction of two wind farms. 

The firm’s capital markets team advises both issuers and underwriters on debt, derivatives and equity transactions. The firm advised the initial purchasers on Cencosud’s 4.375% notes issue. The firm advises the likes of Wells Fargo, LATAM Airlines and Goldman Sachs.   

In M&A, the firm advises acquirers, sellers, as well as merger and joint venture parties on some of the most prominent transactions in the market. The firm advised Brookfield Asset Management in its sale of its 27.8% stake in Transelec to China Southern Power Grid International.  

In addition to the firm’s project finance work, the firm has also been active on the non-financing aspects of developing projects. The firm has advised clients on contracts, bidding processes and BOOT work.  

Key clients involve Andes Mining & Energy, Total SunPower and Energía Coyanco

Cariola Díez Pérez-Cotapos & Cía

Cariola Díez has a leading M&A practice, and strong finance and project development practices. 

The firm’s banking practice has advised lenders and borrowers on refinancings, syndicated credit facilities and project finance.  

Over the research period, the capital markets team has primarily advised issuers on notes issues and programs.  

The firm’s 11 partner M&A practice frequently advises clients on high-profile, high-value deals. The firm works in a range of sectors but media and natural resources have been active this research period. One notable deal saw the firm advise Turner International Latin America on the proposed acquisition of CDF, a prominent TV sports channel.  

The firm’s projects team has worked on the development of projects in the renewable energy, transport and mining sectors, among others.  

DNB Bank and Rabobank are active banking clients.  

In one notable development, the firm tapped into the use of artificial intelligence for legal matters through an alliance with Cognitiva, an IBM partner which is developing artificial intelligence in Spanish. 

Chirgwin Larreta Peñafiel

 Chirgwin Larreta Peñafiel is active in banking, M&A and project development.

All client and transactional information was confidential. 

Client feedback

"Fast reaction to our demands." - M&A 

"The law firm accomplishes our expectations." - M&A 

Claro & Cia

Claro & Cia is a leading firm in the market. 

Within banking, the firm has worked in a range of sectors but has been particularly active within renewable energy.  The firm advises both borrowers and lenders on debt restructurings, refinancings and other financing transactions. 

The firm’s projects team has worked on financing and acquisitions, particularly within the energy sector. The firm also advised on a PPA between Colbún and Santa Sofía. 

The firm maintains a robust capital markets practice which advises on both debt and equity transactions. One recent key transaction is the firm’s advice to Celeo Redes Operación Chile in a project bond issue. The firm also advised LVE Expansión as selling shareholder on the IPO of Empresas Lipigas. 

Claro & Cia also works on some of the market’s leading M&A transactions. For example, the firm advised The National Association of Professional Football on the proposed sale of the Canal del Fútbol to Turner Broadcasting System. This included the licensing of broadcasting rights of the official football tournaments for a 15 year term. 

The firm moves up a tier in project development.  

Key finance clients include Banco Bice, Banco del Estado de Chile and Banco Itaú Corpbanca.  Within M&A the firm has advised Grupo Said and AES Gener.

Client feedback

"Probably the best firm in Chile." - Banking, M&A 

Jose Maria Eyzaguirre

“Best lawyer in town. Very well connected.”

CMS Carey & Allende

CMS Carey & Allende has a strong M&A practice and is also active in project development and capital markets.

In one highlight M&A deal, the firm represented Promigas in its acquisition of natural gas company Gasvalpo. 

The project development team is particularly active in the energy sector. The firm advised Samsung Engineering on developing a 517 megawatt cycle gas turbine power plant in Northern Chile. 

The capital markets group advised issuers and underwriters. The group represented Sun Dreams on its inaugural bond offering in Chile.

Key clients include Broota, Sonda, Ramondin, Cepas, EDEMSA, Socer and Enagás.

Coeymans Edwards Poblete & Dittborn Abogados

Coeymans Edwards Poblete & Dittborn Abogados is active in M&A. The firm works in multiple sectors including agribusiness, construction and hospitality.

In one highlight M&A deal, the firm advised Clínica Sara Moncada on its acquisition by Credicorp Capital.

Key clients include Cannagrow, FHUSA and Agricultural Land.

Client feedback

”Extremely professional, always available, very creative.” – Investment funds

Dalgalarrando & Cía

Dalgalarrando Romero & Cía has an active M&A practice. 

In one highlight M&A deal, the firm advised CA Ventures International on a joint venture with the Chilean fund manager Nevasa.

Key clients include Empresa CMPC, EPG Partners, Grupo Pérez Cruz and Proin.

Client feedback

“The firm has highly qualified professionals. It is a ’boutique’ law firm since it provides personalised service to its customers.” –M&A


DLA Piper BAZ|NLD is an active project development firm. The firm is also active in banking, M&A and capital markets.

In banking, the firm advised investment fund Fen Ventures in the design of the corporative structure.

On the capital markets side, the firm has been advising local and international companies. The transactional details are confidential.

In one highlight M&A deal, the firm advised Coca-Cola in its acquisition of Novaverde.

The project development team is particularly active in energy and natural resources. The firm advised Cominor/SIMCO on a lithium production project.

The firm hired Mauricio Halpern as banking counsel.

Significant clients include GeneproDX, Caixa Bank, Inversiones ASF, Ecoser and Miner Ruta. Sur.

The firm came to be this research cycle when BAZ|DLA Piper, which represented the cooperation agreement between local Chilean firm Bahamondez Alvarez & Zegers and global firm DLA Piper combined practices with local Chilean firm Noguera Larraín & Dulanto.

Client feedback

“Strengths: fast, thoroughly professional.” – M&A

Ferrada Nehme

 Ferrada Nehme has an active M&A practice.

In one highlight M&A deal, the firm advised GL events on its acquisition of 60% of FISA.

Key clients include Transelec, Senvion GmbH and Capstone Mining.



Garrigues Chile is strong in financing work, primarily due to the expertise of partner Pedro García.  

Within banking, the firm has been particularly active on acquisition financings and refinancings. The energy sector has been busy and the firm often worked on refinancings of concessions. The firm advised the lenders on a loan to Prime Energía 

In capital markets, the firm advises both underwriters and issuers on large international bond issues. One recent example of the firm’s work includes its advice to the banks in Celeo Redes dual-currency bond issue to finance transmission projects.  

M&A is also an active practice area, and energy has also been an active sector for M&A work. The firm advised Capital Advisors in the sale of its shares in Gestion y Desarrollo and Patio Comercial 

The firm risen in the rankings in capital markets, banking and M&A over the research period.  

In finance, the firm advises the likes of Goldman Sachs, Bank of New York Mellon and Banco de Chile. In M&A, key clients include Nexus Group and Dat-Schaub.

Grasty Quintana Majlis & Cia

Grasty Quintana Majlis & Cia is active in M&A, capital markets, project development and project finance.

On the capital markets side, the firm advised Hurtado Berger Family on a secondary share offer.

In M&A, the firm advised Inersa Group on the acquisition of a 33% stake of The Clinic, a news media company.

In project development, the firm was particularly active in the mining and energy sectors..

Key clients include financial institutions, energy and natural resources companies. Most clients were confidential.

Client feedback

“The level of service has been very high standard, with immediate response times, extensive knowledge and management of each issue, as well as tailor-made solutions in each case that have allowed us to reach port with every business we have undertaken from their hand. We consider the work they are doing with us invaluable, and we appreciate their commitment and dedication to each step, and in each subject. Very detail oriented and with patience to explain what we do not handle and to accompany us in each phase of the business.” – Banking

“The firm is very professional, with timely answers. The firm knows the industry and the company and thus delivers accurate legal advice.” – Regulatory advice

“Excellent, very responsive service.” – M&A

Guerrero Olivos

Guerrero Olivos is a strong banking and M&A player. 

The firm’s banking team has been active in financial restructurings and acquisition financings, advising both borrowers and lenders. 

The M&A team has worked on acquisitions, spin-offs and corporate reorganisations.  

The firm advises the likes of Telefónica Group, GLL Real Estate Partners and I Squared Capital.  

Client feedback

"Strengths: Close to clients, knowledge of finance structures." - Capital markets 


Larraín & Asociados

Larraín & Asociados is known for its work on financings, M&A and development work within the energy and infrastructure sectors.  

Most of the deals within the energy sector involve advising on project finance matters or advising clients in the energy and infrastructure sector on financings for general corporate purposes.  

The firm’s M&A team is also active within the energy and infrastructure sectors, but has also worked within real estate and construction, among others, this research period.  

The projects team is robust and active on bids and concessions in a range of sectors including transport and energy.  

The firm moves up to tier two in banking this year and breaks into the mining rankings. 

The firm advises the likes of Itaú Corpbanca, Export Development Bank of Canada and Banco Internacional. 

Client feedback

"Jorge Granic is an excellent lawyer, with a deep understanding of the mining business; therefore, he is able to bring all his expertise in finance and corporate in a way that many lawyers that do not have an understanding of the business are not able to." - Project finance, project development 

"It is a firm where the deal is personalised with the partner, they have experience in PPP projects and the Chilean concessions law. Extremely meticulous with the capacity to attend and resolve corporate and association issues." - Project development 


MB Abogados

MB Abogados has been particularly active on acquisitions and joint ventures but has also worked on loans and capital increases over the research period. Real estate is a particularly active sector for the firm, but the firm works in a range of sectors. In one deal, the firm advised Larrain Vial and Grupo Patio on the acquisition of the management of Aurus Capital Renta Inmobiliaria Fondo de Inversion. Grupo Patio is a particularly active client of the firm, and the firm has also advised the likes of Inalen and Hospitality Services.

Morales & Besa

Morales & Besa is a strong player in the market.  

The firm’s banking team has been active on refinancings and acquisition financings, as well as project finance. The firm advised the lenders in the finance for the acquisition of two subsidiaries of Grupo Patio.  

The firm has a leading capital markets practice. Sovereign bonds are a key area as the firm regularly advises the Republic of Chile on its bond issuances. For example, the firm advised the country on a concurrent notes issue.  

In M&A, the firm advises both buyers and sellers. One example of the firm’s work is its advice to Accel-KKR group in the acquisition of the I-Med Group. 

The firm’s projects team often advises clients on public bids and public works projects in the energy and infrastructure sectors. For example, the firm advised Reservoir La Punilla on the La Punilla hydroelectric project. 

The firm recruited Ignacio Delpino as a senior associate to the firm from Banco Security.  

The firm rises to tier one in the banking rankings this research period. 

In banking the firm advises the likes of Banco de Crédito e Inversiones and Banco Santander Chile. Key M&A clients include Accel KKR, Star Investments and Grupo Prisma. 

Palma Edwards Veszpremy

Palma Abogados is active in banking, M&A, project development and restructuring and insolvency.

In banking, the firm advised Banco Bilbao Vizcaya Argentaria on a bilateral acquisition finance granted to Veta Orgánica.

The M&A team advised Immobiliaria Catedra on the acquisition of  real estate in the city of Iquique, Chile.

In project development, the firm advised Inima on the construction of adesalination plant.

Key client include HMC-IFB, BTG Pactual, Principal Financial Group and LGS Chile.

Client feedback

“The firm has a high sense of urgency and provides the answer according to the client's needs. The firm adapts easily and quickly understands the legal problem behind our request.”  – M&A

Eduardo Palma

“Outstanding work. Great knowledge of different areas of interest. Juan Eduardo Palma is always available to answer our questions; sometimes, anticipating them. I highly recommend him.” – Banking

Philippi Prietocarrizosa Ferrero DU & Uría

Philippi Prietocarrizosa Ferrero DU & Uría is a leading firm in the market for finance, M&A and projects deals. 

In banking the firm advises local and foreign borrowers and lenders. The firm advised Pacific Hydro on obtaining a credit facility.  

The firm’s capital markets team advises both issuers and underwriters, but more of the recent transactions have focused on advising underwriters on international debt issuances. The firm frequently advises the underwriters on the issuances by the Republic of Chile and has also worked on issuances of Colbún and Codelco.   

In M&A, the firm advised Banco Bilbao Vizcaya Argentaria on its sale of its Chilean business. 

The firm’s projects team frequently advises clients on bids and on acquisitions related to projects. 

The Bank of Tokyo-Mitsubishi and the Export Development Bank of Canada are key banking clients. Key M&A clients include Walmart, ENAP and Hancock Natural Resources Group 

Client feedback

"Knowledge of M&A requirements and intricacies within Chile is outstanding. Very customer service orientated." - M&A 

"The firm advised our company in all aspects for a potential investment in Chile. The level of knowledge of the lawyers working there is exceptional. The way they manage the relationship with a foreign company is also a key strength." - M&A

"It has a great banking and finance practice, led by Marcelo Armas. I would say it is the best banking and finance practice in the country." - Banking

"Excellent technical knowledge, solid commercial advice, good delivery." - M&A

"Highly professional law firm." - M&A 

"It's a big company with all the areas needed to complete a transaction." - Banking, M&A 

Carlos Alberto Reyes

“Outstanding ability to work cooperatively with opposing counsel to develop comprehensive solutions while protecting our interests during a transaction.”

“Very commercial, strong market understanding, looks for solutions.”

Marcelo Armas

“Excellent work, proactive, knowledgeable, good negotiation and social skills.”

“He is a complete lawyer. Very busy but close to the client while working.”

Rafael Jimenez

“He is always available to help the client, and coordinates all the resources from the firm in order to grant the best service.”


Prieto & Cia

Prieto & Cia is a strong M&A firm. The firm is also competitive in banking.

In banking, the firm advised Codelco on a loan agreement with Export Development Canada.

In one highlight M&A deal, the firm advised Watt’s in the acquisition of Danone’s business in Chile.

Key clients include Transmisora Eléctrica del Norte, Brookfield Asset Management, MetLife and Americas Energy Fund.

Client feedback

“Prieto provide very good advice in finance; the lawyers are always available and help us with complex issues with a strong pro-business approach.” – Banking

“Great service.” – M&A

"The firm is highly proactive, seasoned and effective both in terms of cost and timing, having staffed the files we have outsourced adequately to meet our needs." - Financial and corporate 

Urenda Rencoret Orrego & Dörr

Urenda Rencoret Orrego & Dörr  is a strong project development, banking, M&A and restructuring and insolvency firm.

In banking, the firm represented Minera Escondida Limitada on obtaining a loan from Export Development Canada.

In project development, the firm advised Consorcio Kospo Samsung on processing the easement related to a gas-based thermoelectric power plant.

The M&A team assisted The Dow Chemical on its merger with chemical company DuPont.

 In restructuring and insolvency, the team advised Group Lasem on a bankruptcy proceeding.

Key clients include The Bank of New York Mellon, ENAER, BHP, Citibank, Enel, Global Energy Services Siemsa and Gerdau.

Client feedback

“Very good and reliable services.” – M&A

“Very professional, knowledgeable, and responsive.” - Financial and corporate