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"Cariola Díez Pérez-Cotapos is one of Chile’s leading law firms with almost 100 attorneys. As a full-service firm, it is valued by clients in all its areas of practice: general corp..." read more
"PyC is a full service business-oriented law firm with consolidated prestige in handling complex matters and well-known by its relevant foreign and local client base.Experienced law..." read more
CC100 Lat Am

Who are the 100 most influential and innovative in-house counsel working in the region? The Legal 500 has interviewed thousands of in-house and private practice lawyers to draw together a list of those corporate counsel who offer an operative model with lessons for fellow in-house professionals.

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Legal market overview

Chile’s sustained growth, minimal unemployment rates and economic optimism ensured a healthy flow of big-ticket investment transactions, mergers and IPOs during the course of 2012. The propitious business environment fuelled a thriving legal market which was also accompanied by a number of significant legal developments.

The year saw vigorous activity in the capital markets arena, as well as the implementation of regulatory and tax changes intended to boost the Latin American Integrated Market (MILA). Made up of the stock exchanges of Chile, Colombia, and Peru, the project aims to foster intra-regional stock trading and currently has a combined market capitalisation of almost $500bn.

Traditional market leaders remain dominant: Carey, Claro y Cia, Philippi Yrarrázaval, Pulido & Brunner, Barros & Errázuriz and Cariola Diez Perez-Cotapos continue to lead the pack, with a number of smaller full-service firms – notably Guerrero, Olivos, Novoa y Errazuriz and Morales & Besa – also providing first-rate advice, particularly in the banking and finance area.

Energy projects have also continued to flourish in Chile (particularly in the renewables sector), largely due to the high costs of energy in the country. In one noteworthy development, a new environmental court in Santiago came into operation in late 2012. It is designed to cater to the increasing stream of oppositions to energy and infrastructure projects emanating from Chilean civil society. Major player Prieto y Cia has maintained its excellent reputation across Chile’s vital energy sector, and Baker & McKenzie continues to impress with its mining credentials.

Tax reforms, including one affecting capital gains applicable to the transfer or sale of shares, prompted an increased need for tax advice. Firms also noted high levels of activity in litigation, labour law, intellectual property and insurance matters, four areas in which highly specialised boutiques challenge the dominance of the largest firms. Notable boutiques include Estudio Carvallo for insurance, Alessandri & Compañía Abogados for IP, and Uribe, Hubner & Canales for labour law.

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  • Austria/Malta: Schoenherr advises Oesterreichische Volksbanken on sale of Volksbank Malta

    Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Österreichische Volksbanken-AG (OeVAG) on the sale of its fully-owned subsidiary Volksbank Malta Limited to Malta-based Mediterranean Bank plc. On 11 April 2014, OeVAG and Mediterranean Bank signed a Share Purchase Agreement for 100% of the shares in Volksbank Malta. Closing shall take place after the required approvals of the relevant regulatory bodies are received. read more...
  • Austria: Stefan Kuehteubl new head of Employment practice at Schoenherr

    Stefan Kuehteubl will join Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), as a partner and the head of the firm's Employment practice as of July 2014. A highly-regarded employment law practitioner, Kuehteubl will be returning to Schoenherr, where he previously worked as a member of its employment team between 1999 and 2004. During the past ten years, he worked in a well-known Vienna-based employment law boutique, in which he was a partner since 2008. read more...
  • Proud to continue charitable donations in 2014

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  • New Swiss Law on Product Safety

    The Swiss law on product safety ( Produktesicherheitsgesetz, PrSG) is currently scheduled to enter into force on July 1, 2010. This new law aligns Swiss product safety requirements with EU law. It applies not only to manufacturers, but to anyone who commercially or professionally markets products in Switzerland, and it introduces substantial new obligations before and after the sale of a product.
  • Chambers Global has once again recognised Pepeliaev Group's tax practice as the best in Russia

    The Chambers Global 2014 international ratings have hailed Pepeliaev Group's tax practice and the firm's managing partner Sergey Pepeliaev as Russia's best in the area of taxation (band 1 and Star Individuals). Commentators describe Mr Pepeliaev as "the father of Russian taxation." He has an outstanding reputation in tax litigation, for which he is said to be "absolutely brilliant." In addition, Chambers Global  lavishes praise on Rustem Ahmetshin (band 2), one of the firm's senior partners, who has considerable expertise in areas such as VAT and audit advice. Chambers Global sources commend Pepeliaev Group partner Valentina Akimova (band 3) as a "smart tax specialist." She has significant experience in a wide range of tax matters such as VAT, income tax and excise duties. Sources recommend Andrey Nikonov (band 3), another senior partner in the firm, as an authority on VAT, mineral extraction tax and unified social tax.  Chambers Global also rates Mr Nikonov highly for his experience in resolving tax disputes advising on the tax aspects of M&A transactions.
  • DHIR & DHIR ASSOCIATES ADVISES NATIONAL HOUSING BANK ON THE TRANCHE- II OF PUBLIC ISSUE OF TAX FREE

    Dhir & Dhir Associates advised National Housing Bank, wholly owned by Reserve Bank of India, on the Tranche- II of public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto Rs. 1,000 Crore.
  • WHAT CANNOT BE DONE DIRECTLY CANNOT BE DONE INDIRECTLY ANDHRA PRADESH HIGH COURT

    In a recent landmark judgment of the Hon'ble Andhra Pradesh High Court in the matter of Deccan Chronicle Holdings Ltd. (DCHL) & Ors. Vs. Union of India & Ors ., the Hon'ble Court has laid down an important principal of law to the effect that SARFAESI Action can be taken by an assignee/ successor in interest only if the original lender had SARFAESI power.
  • DHIR & DHIR ASSOCIATES ADVISES NATIONAL HOUSING BANK ON THE PUBLIC ISSUE OF TAX FREE BONDS AGGREGATI

    Dhir & Dhir Associates advised National Housing Bank, wholly owned by Reserve Bank of India, on the public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto Rs. 2,100 Crore.
  • Angel Buzalov from “Popov & Partners” has participated in “Legal Day 2014”of GBICC

    On 20.03.2014 was carried the first part of the annually organized forum "Legal Day" of German-Bulgarian Industrial Commercial Chamber. Representatives of the leading legal companies in Bulgaria and industry representatives also took part in the event.
  • “Popov & Partners” took part in the consultations organized by the German-Bulgarian Industrial C

    On 24.03.2014 a meeting of the Advisory Board "Law" of the German-Bulgarian Industrial Commercial Chamber (GBICC) was held. The event was attended by representatives of the business as well as lawyers from major law firms in Bulgaria, including the law firm "Popov & Partners."