Chile

IFLR1000 Reviews

Financial and corporate
Barros & Errázuriz Abogados

Barros & Errázuriz is a prominent firm with one office in Santiago. The firm was founded in 1988 and is a member of the Affinitas alliance. 

 

Focusses / specialisms

In addition to having standout capital markets and M&A practices, Barros & Errázuriz also does great work in the banking and project development practice areas. 

The banking team represents both borrowers and lenders in acquisition financing, credit facilities, project financings and refinancings.

The capital markets team works in both debt and equity markets on matters such as bond issuances and public offerings. The firm has particular expertise in investment fund formations, especially public funds. 

The M&A team sees public and private M&A acquisitions, joint ventures and other corporate matters. It represents strategic buyers and sellers.

In projects, the firm is especially well known in energy and infrastructure matters, where it represents developers and sponsors alike. 

 

Key clients

Key clients for the firm include Total Eren, Sumitomo Mitsui Banking Corporation, Delta Airlines, Banco Santander, AVLA, Ameris Capital, GeoPark Chile and Fortress Investment Group. 

 

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

During the research period, the banking & finance team represented slightly more lenders in acquisition, project and general corporate finance matters. The team’s work with borrowers largely concerned refinancings. Many of its borrower clients were investment funds.

In capital markets, the team worked on a mix of debt and equity matters. Debt capital markets transactions include social bonds and investment grade offerings. It also worked on securitization matters. Equity transactions include capital increases, delistings, public offerings and divestments. The capital markets team also worked on numerous fund formations.

The M&A team acted for mostly buyers and sellers in private acquisitions across several industries. It also worked on restructurings and spinoffs. Many of these acquisitions were related to project acquisitions.

In project development, the practice represented concessionaires and financial sponsors in the financing, bidding and development of projects in the infrastructure, transportation, renewable energy and power industries.

 

Deal highlights: 31st edition (2020/2021)

Compass Cinven VII Private Equity Fondo de Inversión $154 million fund formation

Fondo Esperanza $10 million social bond issuance

LATAM Airlines Chapter 11

Laureate Education $218 million restructuring

Pacific Hydro Chile $350 million refinancing

Sol del Desierto 230MW photovoltaic electricity facility project

 

Client feedback: 31st edition (2020/2021) 

Banking

“It is so difficult to find a firm that feels as passionate about the job as B&E feels. Great communication skills and willingness to listen.”

 

Investment Funds

“Knowledge of the markets.”

 

M&A

“The team was very experienced and with people very capable and efficient. They know their job and gave us some good advance.”

 

Private equity

“They have great expertise on the capital markets sector and great access to industry standards.”

 

Cristobal Pellegrini

“They have a great ability and high knowledge of the power sector and gives innovative solutions. They are always ready to work with you whenever it’s needed.”

 

Francisco de la Barra

“Francisco has the ability to be empathetic and advise before things happen.”

 

Juan Cristobal Schmidt

“He’s very accessible, responsive, courteous and knowledgeable.”

 

Luis Alberto Letelier

“Proactive.”

Cariola Díez Pérez-Cotapos & Cía

Cariola Díez Pérez-Cotapos & Cía, or Cariola, was founded in 1889. The firm is located in Santiago and is best known for its work in the M&A practice area.  

 

Focusses / specialisms

Though the firm’s greatest area of expertise is M&A, it also has strong banking, capital markets and project development practices.

In banking and finance, the firm represents borrowers and lenders in credit facilities, restructurings, acquisition financing, bridge loans and project financing.

The capital markets represents mostly issuers, but also underwriters, in debt and equity capital markets transactions including bond issuances, capital increases, IPO’s and tender offers.

The M&A team sees corporate restructurings, strategic acquisitions, asset acquisitions and joint ventures across all industries. 

In project development the firm represents developers and financial sponsors mostly in energy projects, but also transportation and mining projects. 

 

Key clients

Key clients for the firm include Banco Ripley, Enel, Jovio Group, Marsh & McLennan, Empresa de Ferrocarriles del Estado, Banco de Credito e Inversiones and ATCO.

 

 

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

Over the research period, the banking & finance team represented borrowers and lenders in export, project, corporate financing matters.

In capital markets, the team worked on mostly debt transactions, representing issuers. On the debt side, the team worked on investment grade and callable bond issuances. The team also worked on an equity related capital increase.

The M&A team acted for largely buyers in private acquisitions, joint ventures and mergers across numerous industries.

In project development, the team represented sponsors, concessionaires and developers. Most of the projects were in the mining and infrastructure industries, but some of the projects were in the renewable energy industry.

M&A partner Pedro Lluch Linhares left the firm for EY Chile.

 

Deal highlights: 31st edition (2020/2021)

Curie $300 million submarine cable project

Nordex €1.21 billion credit facility agreement

Nova Austral $300 million 8.25% callable bond issuance

Sandvik AB €943 million acquisition of DSI Underground

 

Client feedback: 31st edition (2020/2021)

Banking and finance

“Professionalism. Deep knowledge experience in similar transactions. Solutions oriented. Proactive.

 

M&A

“Good insight with the asset and the business. Very strong knowledge and experience on structuring and negotiations, giving us different possibilities to close the deal optimizing the value for the client. Good knowledge of the industry. Identification of key risks of the asset and how to mitigate them”

 

Restructuring

“We have worked with Cariola in several projects, they have really acted as a partner not only protecting our interests but also understanding our business needs. The provide proper advice on what are the best actions for the company to take. They also provide a full picture making us fully aware of the risks and opportunities.”

 

Andrea Saffie

“Strong experience in M&A. Deep inside in the transaction and strong business view. Perseverant and innovative.”

“She is very customer oriented and she really understand our business needs. She has a solution oriented mindset and most of the times comes with innovative solutions in a very timely way. She knows how to provide the right advise managing the risks and using the specialists she has available in Cariola.”

 

Juan Antonio Parodi

“Intelligent, oriented to find solutions, excellent people skills to negotiate difficult matters.”

Claro & Cia

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.”

 

M&A

“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.”

 

Restructuring

“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.”

Garrigues

International law firm Garrigues was founded in 1941 in Spain. Since then, it has expanded to 34 offices across 13 countries. In Chile, the firm has an office in Santiago, where it is best known for its work in capital markets, especially debt work. 

 

Focusses / specialisms

In addition to its outstanding capital markets team, the firm also has standout practices in banking and finance, M&A and project development.  

In banking and finance, the team advises borrowers and lenders in project finance, refinancing, acquisition finance and corporate finance transactions.

In capital markets, the team acts for issuers and underwriters in sovereign bond, project bonds, investment grade and high yield bond issuances.

The M&A team represents both buy and sell side in acquisitions, mergers, joint ventures, strategic investments and reorganizations. The teams works across numerous industries.

The project development team acts for concessionaires and developers in projects in the mining, energy and infrastructure industries.  

Key clients

Key clients for the firm include Allianz, Banco Santander, Ocean Partners, Scotiabank, Banco de Chile, Rabobank, HSBC, JP Morgan, Société Generale, BNP Paribas, Goldman Sachs, Wells Fargo, Banco Santander, Ruta del Maule Sociedad Concesionaria, Aerosan, Conejo Solar, Parque Eólico El Nogal, Arroyo Energy and Jenner Renewables. 

 

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

Over the research period, the banking team represented more lenders than borrowers in acquisition, corporate and project financing matters, as well as restructurings. In project finance specifically, the team concentrated on projects in the transportation infrastructure and renewable energy industries, specifically toll roads and solar power projects.

In capital markets, the team gained experience on both the debt and equity side, with most of the deals being debt related. On the debt capital markets side, it represented slightly more issuers in investment grade, project and sovereign bond issuances. In equity capital markets, the team worked on a capital increase.

In M&A, the practice worked on both the buy and sell side equally, in strategic and private equity acquisitions. A lot of the acquisitions the firm worked on were project acquisitions in the energy industry. Strategic investments were also a common transaction type for the team.

 

Deal highlights: 31st edition (2020/2021)

Central Bank of Chile $40 billion credit package

Metka acquisition of 119MW solar energy Project Willka project

Pampa $590 million capital increase

Republic of Chile $1.65 billion double tranche 2.55% and 3.5% sovereign bond issuance

Ruta Nahuelbuta $290 million 55km toll road concession project financing

MB Abogados

Founded in 2010, MB Abogados has grown to 19 lawyers, three of which are partners. It is a boutique firm, specialized in real estate and corporate law. The firm is located in Santiago.

 

Focusses / specialisms

MB Abogados does notable work in the banking and finance and M&A practice area. In banking and finance, the firm represents borrowers in real estate financing, acquisition financing, refinancing and general corporate financing.

The team has some experience in capital markets, acting for issuers in bond issuances and capital raises. It also has some experience acting for investment funds in fund formations.

The M&A practice acts for strategic companies in buy side acquisitions and joint ventures.

  

Key clients

Key clients for the firm include Grupo Patio, Padre Hurtado Rentas, Centros Comerciales I, Inmobiliaria Mirador Azul Uno, Desarollos Comericales, LV-Patio Renta Inmobiliaria I, Patio Comercial, WEG Capital and Rentas Patio I.

 

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

Throughout the research period, the banking and finance team acted for borrowers in corporate financings, acquisition financings and real estate financings.

The team also represented issuers in capital markets transactions, namely investment grade bond issuance and capital increases.

In M&A, the practice worked with buyers and sellers in acquisitions. Many of these acquisitions were in the real estate industry.

 

Deal highlights: 31st edition (2020/2021)

Centro Comerciales I $120 million syndicated loan agreement

Patio Comercial $58.9 million capital increases

Patio Comercial $36.5 million UF+3.5% bond issuance

Philippi Prietocarrizosa Ferrero DU & Uría

The most current iteration of full-service firm Philippi Prietocarrizosa Ferrero DU & Uría, or PPU, was formed in 2015 from the merger between Chilean firms Philippi, Yrarrázaval, Pulido & Brunner, Colombian firm Prietocarrizosa and Peruvian firms Ferrero Abogados and Delmar Ugarte. The Ibero-American firm maintains offices in Chile, Colombia and Peru, with additional offices in Spain, Portugal, New York, London and Brussels thanks to its partnership with Spanish and Portuguese firm Uría Menéndez. The firm is also part of the SCG Legal and World Law Group networks. In Chile, the firm’s office is located in Santiago, and is known for its standout work in the corporate and project development practices.

 

 

Focusses / specialisms

PPU is equally strong across the banking & finance, capital markets, M&A and project development practice areas. In banking, the firm acts on both the borrower and lender side. It has experience in project, aircraft and corporate financing.

In capital markets, the firm acts for underwriters and issuers on both the debt and equity side. In debt, the team works on sovereign and investment grade bond issuances. On the equity side, the team has experience working on IPOs.

The M&A practice acts on both the buy and sell side in mergers, acquisitions, joint ventures and spinoffs across a wide variety of industries.

In project development, the team acts for developers and sponsors for projects in the mining, energy and infrastructure industries.

The firm also has a notable restructuring and insolvency practice, where the team represents debtors and creditors in out of court, cross border and domestic insolvency proceedings.

 

Key clients

Key clients for the firm include BNP Paribas, MUFG Bank, Scotiabank Chile, BofA Securities, JP Morgan Securities, Citigroup Global Markets, Sumitomo Chemical Company, Repsol, AD Retail, Ardian, Caixabank and Kinross Gold.

 

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

Over the research period, the banking team represented mostly lenders in a large amount of project and corporate financing. In project financing, the team was very active in the renewable energy industry, especially solar and wind.

In capital markets, the team mostly acted on the underwriter side working on debt issuances, specifically investment grade bond issuances. It also worked on a couple of sovereign bond offerings, as well as one IPO.

The M&A team acted equally for buyers and sellers, mostly in acquisition. It also handled a couple joint ventures and restructurings. Several of these acquisitions were project related acquisitions.

In project development, the team worked mostly on the sponsor side for mining, infrastructure and renewable energy projects, especially wind projects. Most of these projects had project financing elements that the team also handled.

 

Deal highlights: 31st edition (2020/2021)

Empresas CPC $100 million sustainability linked loan agreement

LATAM Airlines Chapter 11

Minera Salar Blanco $527 million Maricunga lithium project

Republic of Chile $1.458 billion 2.45% sovereign bond issuance

Salmones Austral Santiago Stock Exchange IPO

Sumitomo Chemical $1.188 billion acquisition of Nufam’s Chilean assets

WPD $443 million project financing for three wind farms totaling 367.8MW

Puga Ortiz

Puga Ortiz was founded in 1925 and is headquartered in Santiago.

 

Focusses / specialisms

The firm is active in automotive financing and real estate matters. It works with many special purpose vehicles on real estate corporate matters.

 

Key clients

Key clients for Puga Ortiz include Acciona Chile, Constructora Santa Beatriz, Empresa Constructora Queylen, Grupo Inmobiliaria Gimax and Banco Santander Chile.

 

Research period review: 30th edition (2019 / 2020)

Over the research period the firm represented many special purpose vehicles on real estate corporate agreements and acquisitions, especially in the hotel industry. It also worked on a couple of automotive financing agreements.

 

Deal highlights: 30th edition (2019 / 2020)

Banco Santander Chile $300 million acquisition of Santander Consumer Finance

Inmobiliaria Nueva Quilicura $20 million financing

Albagli Zaliasnik

Full service firm AZ is a notable firm based in Santiago. The corporate practice is best known for its work in M&A. 

 

Focusses / specialisms 

Though the firm is more widely known for its M&A work, it also has experience in banking and finance and project development. In M&A, the team acts for sellers and buyers in strategic asset acquisitions, full company acquisitions, joint ventures and mergers. It also works on general corporate matters including reorganizations and strategic investments. They work with numerous clients based in jurisdictions outside of Chile. 

 

In project development, the team has expertise in energy and natural resources. It represents developers in developments and acquisitions of projects.

 

Key clients 

Key clients for the firm include Alpha-Bio Tec, ESINCO, Cadem, Omnix and Prisma Water. 

 

Client feedback: 31st edition (2020/2021)

Banking

“Contacts.”

 

M&A

"They respond promptly and certainly to our request. For a foreign company in Covid times, it gives a lot of comfort to have a firm like AZ helping in a new country landing."

Alessandri Abogados

Alessandri has over 125 of experience. Founded in 1893, the firm is located in Santiago. In the corporate practice areas, the firm is best known for its work in debt capital markets and project development in the mining industry. 

 

Focusses / specialisms 

In addition to its notable work in debt capital markets and mining project development, it is also active in M&A and banking and finance. The banking and finance practice represents lenders and borrowers in corporate financing matters.

 

In capital markets, the firm participates in general debt transactions and public M&A transactions. It also works with private equity and asset management firms in investment fund and ETF formations and compliance. 

 

The M&A practice has experience on the buy and sell side in private acquisitions. It also represented companies in capital increases.

 

The project development practice area is active in the mining, energy and construction industry. The team is made up of 11 specialists that act for developers in various projects. 

 

Key clients 

Key clients for the firm include the Silk Road Fund, Oaktree Capital, PIMCO, Hayfin, Puertos y Logistica, Territoria Apoquindo, Coordinador Independiente del Sistema Eléctrico Nacional, Cervercerías Chile, SQM Salar, Sierra Gorda and Patio Riesco. 

 

Client feedback: 31st edition (2020/2021)

Banking and finance

"Deep corporate and bank lending experience. Also good negotiators on contractual negotiations."

 

Investment funds: private equity funds

"Alessandri are very practical and business-minded whilst possessing a good understanding of legal and regulatory requirements. They are also very responsive."

"Extremely knowledgeable, responsive and helpful."

Aninat Abogados

Aninat Abogados was born in 2020 from the cessation of Aninat Schwencke. The firm is located in Santiago and is active in the corporate practice areas. Aninat is made up of five partners, with three of them specializing in corporate law.  

 

Focusses / specialisms 

In the corporate practice, the firm works on a lot of M&A transactions, acting on the buy and sell side in strategic acquisitions. It also works on financing related transactions such as capital raises and investments. In the more general corporate practice, the team advises companies on incorporations. 

 

Key clients 

Key clients for the firm include Pampa Camarones, TodoVa, Citröen Chile, Cuesta Blanca, Chile Ventures Administradora de Fondos de Inversión Privado and Jooycar. 

 

Client feedback: 31st edition (2020/2021) 

Investment funds: real estate funds

“Very personalized service.”

Arteaga Gorziglia & Cía

Located in Santiago, Arteaga Gorziglia’s corporate practice is well known in the market. It is regarded for its work in the M&A and project development practices.  

 

Focusses / specialisms 

While the firm works with many types of industries, it is focused on the infrastructure, real estate, retail and energy industries.  

 

In M&A, the firm acts for buyers and sellers in acquisitions and joint ventures. The corporate practice also has experience representing lenders in financing transactions.

 

The project development team is active in the infrastructure and energy industries. The team represents developers and financial sponsors in project development and finance matters. 

 

Key clients 

Key clients for the firm include Coopeuch, DDRío Inversiones, Sociedad Concesionaria Costanera Norte, DNB Bank, Total Solar Latin America, Sociedad Concesionaria Américo Vespucio Oriente, Walmart, Frontal Trust, Generadora Metropolitana, HSBC and Barings. 

 

Client feedback: 31st edition (2020/2021) 

Project development

"His knowledge of electrical regulations is undoubtedly his greatest attribute. Likewise, they have complete knowledge of administrative law matters that are indispensable for the development of projects in Chile."

"The deep knowledge of the energy sector coupled with the expertise in project development for large utility projects."

Carey

Founded in 1905, Carey has become Chile’s largest law firm. Located in Santiago, the firm is highly regarded across all practice areas. It is a part of numerous international alliances such as Interlex, giving the firm a global reach. 

 

Focusses / specialisms 

The banking and finance team represents both borrowers and lenders across many types of financing including project financing, credit facility issuances, acquisition financing and refinancing. The team also provides regulatory opinions to banking and financial institutions. 

 

The capital markets team works across all types of capital markets, including debt and equity, on matters including bond issuances, capital increases, public offerings and IPO’s. The group also works with numerous pension funds and investment funds. 

 

The M&A team works with private equity acquirers, strategic buyers and sellers in acquisitions, joint ventures and other corporate agreements, mainly in the infrastructure, technology and energy industries. 

 

In projects, Carey represents concessionaires and developers on mining, infrastructure, ports and energy projects. The firm is especially prevalent in mining projects. 

 

Key clients 

Key clients for the firm include Teck Resources, Lima Airport Partners, State Grid International Development, Brookfield Infrastructure Partners, MetLife Chile, Enel Américas, JP Morgan Securities, Codelco, Bank of Nova Scotia and Wells Fargo. 

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Thorough legal review, comments on risks, benchmarking information to assess competitiveness of deal."

"They not only review what is asked, but they also make an integral review or analysis of the whole situation, providing guidance or solutions to some specific situations. "

"Expertise, quick response, a broad view of the market and the regulatory trends."

"Carey were also our lawyers for a similar procedure, so we use them again because they know the client, the bank and the operation. They're really good because they're very transactional and also they really help on getting the deal done. They talk to the banks, lawyers. They know the market, they know how projects are developed here in Chile, so it's very good for us."

 

Capital markets

"Carey's lawyers are business-oriented lawyers with a great understanding of the applicable regulations."

 

M&A

"High-quality service, expertise and experienced team."

"Intelligent, responsive, bilingual, insightful, lots of horsepower and bench strength. "

 

Project development: mining

"Highly experienced and deep team provides timely and thoughtful advice on a range of project-related areas. They are responsive, technically strong, and understand both the business and regulatory environment well."

Chirgwin Larreta Peñafiel

Chirgwin was founded in 2009 in Santiago. Since then, it has grown and joined several international networks including Lexwork International, ILF and the Pacific Alliance Legal Network. In August 2020, the firm began working in collaboration with Andersen Global.

 

Focusses / specialisms 

Chirgwin specializes in the banking and finance, M&A and project development practice areas. Most of the firm’s clients are midsize multinational corporations and are most active in the entertainment, transportation and consumer goods and services industries. In banking and finance, the team represents borrowers in corporate and asset financing, as well as refinancing matters.

 

The M&A practice acts for acquirers and sellers in asset and full company public and private acquisitions. It also represents companies in reorganizations and capital increases.

 

In project development, the team represents bidders for projects largely in the transportation industry.

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Availability, accuracy and reasonable fees."

Project development: mining

"Very proactive, they have a good network to support us in several matters where they are not specialised (environmental permits, for example). Very quick answers, they play as a unique team with us."

CMS Carey & Allende

Founded in 1999, CMS is an international law firm that has 77 offices spread across 43 countries. In Chile, 45 lawyers make up the Santiago office. It is known for its corporate and project development practices.  

 

Focusses / specialisms 

CMS Carey & Allende has notable banking and finance, capital markets, M&A and project development teams. In banking and finance, the practice acts for borrowers in project finance, refinance and general corporate finance transactions.

 

The capital markets team has experience on the debt and equity side of capital markets. It acts for issuers in bond issuances, public M&A matters and equity investments. 

 

The M&A practices acts on the buy and sell side in strategic and private equity acquisitions in a variety of industries. 

 

In project development, the firm represents sponsors and developers in all parts of projects including financing, development and construction. The team is especially active in the energy industry. 

 

Key clients 

Key clients for the firm include Solarpack, Inversiones FK Limitada, Inversiones del Pacífico, Sonda, Sun Dreams, Broota, Empresas AquaChile, Blackstone, Unilever Chile, Nueva Inversiones Pacífico, EDEMSA, Enagás, Celeo Redes Chile and Hidroeléctrica Doña Alicia. 

DLA Piper Chile

Business firm DLA Piper was born in 2005 from the largest ever merger in the legal industry between Gray Cary Ware & Freidenrich, Piper Rudnick and DLA. The international law firm has offices in almost every region in the world. In Chile, the firm is located in Santiago.  

 

Focusses / specialisms 

DLA Piper’s Santiago office is known for its notable work in the banking and finance, capital markets, M&A and project development practices. In banking and finance, the firm acts for lenders and borrowers in project finance, refinance, acquisition finance and general corporate finance matters. 

 

The capital markets team works on both the debt and equity side, advising issuers. The team has experience in bond issuances, fund formations, public share offerings and IPOs.

 

The M&A practice acts for buyers and sellers in strategic acquisitions throughout a variety of industries.

 

The project development practice does a lot of work in the energy, infrastructure, mining and real estate industries. It acts for developers and sponsors in all stages of development from financing to construction. 

 

Key clients 

Key clients for the firm include Quiñenco, LQ Inversiones Financieras, . Desarollos Mineros PKR, SUSI Partners, CarbonFree Technology, Sonnedix, Oaktree Capital Management, Seven Seas Water, Axesat, Itaú Corpbanca, Banco BICE, Banco de Crédito del Perú, American Tower Corporation, Uber, L’Oréal and Colbún.

Ferrada Nehme

Founded in 2000, FerradaNehme is known for its work in the corporate space. The firm is located in Santiago.

 

Focusses / specialisms 

The firm is recognized for its notable work in the M&A practice area. It represents buyers and sellers in private acquisitions. It also acts for companies in capital increases and strategic investments.

 

Key clients 

Key clients for the firm include AB InBev Chile, Acciona Industrial, Neogen and Copec.

 

Client feedback: 31st edition (2020/2021) 

Asset finance

"Deep knowledge of laws and regulations. Always meet established deadlines. "

 

M&A

"Updated and versatile team."

Fischer & Cia

Formed in 2021 as a result of the separation of Baraona Fisher & Cia, Fischer & Cia is located in Santiago. The firm is focused on tax, financial and corporate law.

 

Focusses / specialisms 

The firm specializes in the banking and finance and M&A practice areas. In banking and finance, the firm acts for borrowers in refinancings.

 

In M&A, the team represents buyers and sellers in private acquisitions. It also represents companies in reorganizations and day to day compliance, in addition to other corporate matters.

 

 

Key clients 

Key clients for the firm include Multitiendas Corona, Samsung, Falabella and Progreso.

 

Client feedback: 31st edition (2020/2021) 

Capital markets: structured finance and securitization

"Gerardo is a very capable attorney, focused on providing diligent, fast and personalised advice. His knowledge in the area is very important for us. "

Guerrero Olivos

Located in Santiago, Guerrero Olivos is a highly regarded firm across all corporate practice areas. It maintains a global presence throught its membership in TagLaw, Global Law and the Legal Alliance of the Americas. 

 

Focusses / specialisms 

Guerrero Olivos maintains a distinguished practice in banking and finance, capital markets, M&A and project development, especially in the mining industry. In banking and finance, the team acts for borrowers and lenders in project financing, refinancing, acquisition financing and general corporate financing matters. Many of its transactions are cross border financings.

 

The capital markets practice works on the debt side, representing issuers in bond issuances. The team also works with asset managers and other financial institutions in investment fund management and regulatory compliance. It has experience with closed end funds, ETFs, mutual funds, real estate funds and foreign funds.

 

The M&A practice advises strategic and private equity clients in buy and sell side acquisitions, joint ventures. It also advises firms in strategic investments and reorganizations. 

 

The project development practice represents developers, sponsors in the development and financing aspects of projects in the mining, infrastructure, construction, energy and transportation industries.

 

The firm also has a notable restructuring and insolvency practice, where it represents creditors and debtors in reorganization and bankruptcy matters.

 

Key clients 

Key clients for the firm include WOM, Telefónica, IFCO Systems, Natixis, Scotiabank, BlackRock, Compañía General de Electricidad, Caja de Compensación de Asignación Familiar de Los Andes, Prudential Insurance, Transemel, Novator Partners, AES Gener, Femsa Comercio, Corporación Reguemos Chile, Sustentable, Cap Vert Energie and China Development Bank.  

Larraín & Asociados

Founded in 1994, Larraín & Asociados has grown into a highly regarded firm in project development and banking and finance. The firm is headquartered in Santiago. 

 

Focusses/specialisms 

Larraín is highly experienced in the infrastructure, energy and natural resources industries. In addition to its outstanding project development and banking and finance practice, it also has a noteworthy M&A practice. 

 

In banking and finance, the practice acts for lenders and borrowers in project financing, refinancing, acquisition financing and general corporate financing. It also acts for target companies in investment funding rounds. 

 

The M&A practice represents buyers in acquisitions, reorganizations and strategic investments.

 

Many of the acquisitions are related to project development matters, where the firm represents developers in development and financing matters. 

 

Key clients 

Key clients for the firm include Banco Internacional, Banco Consorcio, TI Mining, Hidroeléctrica San Andrés, Fundación Viento Sur, Scotiabank, Itaú Corpbanca, Banchile, Empresas GASCO, Sacyr Agua, Transchile Charrúa Chile, San Manuel, Minera Centinela and Aquafarms. 

 

Client feedback: 31st edition (2020/2021) 

Project development: Energy

"Vast knowledge of the administrative procedures given the extensive experience of the attorneys in the sector. "

Lavín Abogados

Lavín Abogados is a boutique law firm known for its work in project development. It is headquartered in Santiago, but has a second office in Valdivia.  

 

Focusses/specialisms 

Lavín is focused on the energy, natural resources, mining, maritime and infrastructure industries. In project development the firm acts for public institutions, environmental institutions, concessionaires and developers in development and construction of projects. 

 

Key clients 

Key clients for the firm include AES Gener, OMX Operaciones Marítimas, Aguas Pacífico, Sociedad Contractual Minera el Abra, Atria Energía, Golden Sun, Transmisora Eléctrica del Norte, Terminal de Graneles del Norte and Empresa Eléctrica Vallenar. 

Lembeye Abogados

Located in Santiago, Lembeye Abogados was founded in 2017. The firm is active in the financial and corporate and project development practice areas.

 

Focusses/specialisms 

The firm is best known for its work in the M&A and project development practice areas. In the M&A practice, the team acts for buyers and sellers in private acquisitions. It also represents start ups in strategic investments.

 

In project development, the firm represents developers in projects in the mining, infrastructure and renewable energy industries. Within the renewable energy industry, solar and wind are particular popular for the firm. It also frequently works on public procurement matters.

 

Key clients 

Key clients for the firm include Aki KB Minibodegas, Business News Americas, The Live Green Co, Itelecom, Angold Resources, Apollo Gold, Equus Mining, Vestas Chile Turbinas Eólicas Limitada and Consorcio Prodiel Santa Fe.

 

Client feedback: 31st edition (2020/2021) 

Project development: Energy

"Strong legal knowledge. Very fast responses. Deep understanding of client business. It gives an excellent kind of advice."

"They have limited areas of attention, in which their lawyers are really specialised in the matter and the attention is very personalised."

Molina Ríos Abogados

Located in Santiago, Molina Ríos is a well known law firm in the project development practice area. The firm has four partners, one counsel and an additional 10 associates. 

 

Focusses/specialisms 

Because the firm’s expertise is in the project development practice area, it is focused on the energy, mining, infrastructure and construction industries. It has experience working for both public and private projects, advising developers and concessionaires in all states of project development from financing to construction.

 

Key clients 

Key clients for the firm include CJV Consortium, OHL, Mainstream Renewable Power, Eiffage, Acciona, Besalco, AVA Montajes and ENAP. 

Morales & Besa

Founded in 1992, Morales & Besa has grown to become one of Chile’s leading firms in financial law. The firm is located in Santiago. 

 

Focusses/specialisms 

In addition to its top tier practice in banking and finance, capital markets and project development, the firm also has an outstanding M&A practice. In banking and finance, the firm acts for lenders and borrowers in project financing, refinancing and acquisition financing. 

 

The capital markets team has experience on both the debt and equity side, representing issuers and underwriters. In debt capital markets, the team works on sovereign bonds, green bonds, investment grade, high yield and project bond issuances. In equity capital markets, the team helps with IPOs. 

 

The M&A practice acts on the buy and sell side in strategic and private equity acquisitions and investments across a diverse array of industries. 

 

In project development, the team works on PPP and private projects in the infrastructure, energy and mining industries. It represents sponsors, concessionaires and developers. 

 

Key clients 

Key clients for the firm include Banco Santander, Itaú Corpbanca, Banco Internacional, Sumitomo Mitsui Banking Corporation, Accel-KKR, Republic of Chile, Cencosud Shopping, Ruta del Maipo Sociedad Concesionaria, Partners Group, FRS Capital, Merck Sharp & Dohme, EIG Atacama Management, Teras Capital Group, Meridiam Infrastructure, Sociedad Concesionaria Nuevo Pudahuel, WPD Chile, EIG Global Energy Partners and Arena Minerals. 

Urenda Rencoret Orrego & Dörr

Founded in 1960, Urenda Rencoret Orrego & Dörr is a notable firm in Chile. The firm is located in Santiago, but has an international presence through its membership in Multilaw and the World Law Group. 

 

Focusses/specialisms 

The firm is known equally for its work in banking and finance, M&A and project development. It also has experience in debt capital markets. In banking and finance, the team acts on the borrower side in acquisition finance and general corporate financing. 

 

The capital markets team works on the debt and equity side, advising issuers in bond issuances, capital increases, share offerings and tender offers. 

 

In M&A, the firm represents strategic firms in buy and sell side acquisitions and mergers. It also works on other corporate matters such as restructurings.

 

The project development practice is active in the energy, mining, real estate and infrastructure industries and advises developers in these matters. 

 

Key clients 

Key clients for the firm include Minera Escondida, Inmobiliaria Mall Viña del Mar, Banistmo, BHP, Echeverría Izquierdo, Sociedad Pesquera Coloso, BNY Mellon, Cemento Polpaico, Dow Chemical, InfraPartners Management Korea, GNL Ameris, Aceros Aza, Invercap, Consorcio Kospo Samsung, Inmobiliaria Valle Grande, AGSA, INCO Gestión 2 and Invercap. 

Financial and corporate - Foreign
Cuatrecasas

Iberian firm Cuatrecasas has over 20 offices spread out over 13 countries. The international firm entered the Chilean market with its first office in Santiago in 2020.

 

Focusses / specialisms 

The Chilean office specializes in banking and finance and M&A matters. In banking and finance, the team represents borrowers and shareholders in DIP and corporate financing, as well as refinancings.

 

The M&A team acts for both buyers and sellers in private acquisitions across several industries, most notably power and infrastructure.

 

Key clients 

Key clients for the firm include Costa Verde Aeronáutica, EdgeConneX Chile, Moneda, Compañía General de Electricidad and CMB Prime Administradora General de Fondos.