The Legal 500

Baker & McKenzie

Chile : Banking and finance

Within Banking and finance, tier 4

Baker & McKenzie's ten-strong banking practice is described as knowledgeable and capable and was boosted with the addition of four associates during 2011. Led by Jaime Munro, the team has been busy advising international financial institutions, on both a punctual and an on-going basis, with regard to investments and the establishment of business in Chile; particularly on cross-border syndicated loans. The experienced senior partner León Larrain and his younger colleague Sebastián Vivanco both have extensive expertise in projects financing and securities. The pair advised on the structuring and negotiation of hedging strategies and review of financial covenants and restrictions contained in the ISDA master agreement between Viña Concha y Toro and JPMorgan Chase Bank. The team is also adept at providing prospective analysis and legal opinions to leading foreign companies and financial institutions in relation to Chilean financial regulations and international trade instruments. Key clients include Zurich Insurance Company, UBS Investment Bank and Bank of America.

Chile : Competition and antitrust

Within Competition and antitrust, Baker & McKenzie is a third tier firm,

Baker & McKenzie is particularly active on the litigation side of competition matters. Rodrigo Díaz de Valdés, who combines his knowledge of antitrust law with ten years' dispute resolution experience, leads the team in addition to serving as arbitrator at the Arbitration Centre and the Chamber of Commerce. The group represented travel agency Abercrombie & Kent in a collusion case before the competition tribunal that set a precedent as to how cartel behaviour is dealt with in Chilean courts. On the merger front, León Larrain teamed up with the firm's US, London and Kiev offices to advise leading Chilean winery Viña Concha y Toro on its acquisition of Fetzer Vineyards, along with a number of other notable brands, from the Brown-Forman Corporation.

Chile : Corporate and M&A

Within Corporate and M&A, Baker & McKenzie is a second tier firm,

Leveraging off the firm's impressive global network and providing a full-service offering that includes tax advice and finance restructuring, León Larrain's eight-lawyer corporate team at Baker & McKenzie has an established market recognition as a result of an impressive deal book. The team is well positioned to handle M&A transactions in the mining sector, and recently called on Antonio Ortúzar's expertise to advise Sierra Gorda SCM on the agreement entered into with Sociedad Química y Minera de Chile to purchase some of the latter's mining properties for $37m. It also assisted the Italian infrastructure company Atlantia on its $400m acquisition of a stake in three of Chile's toll road operators, and on the $1.14bn sale of a 49.99% stake in its Chilean unit, Grupo Costanera, to the Canada Pension Plan Investment Board. Another significant mandate came from Viña Concha y Toro, one of the leading wine producers and exporters in Latin America, which instructed the team on its $238m acquisition of the Fetzer Vineyards brand (and four other California-based wine brands) from the Brown-Forman Corporation, thereby gaining a significant operating presence in the US. The team has also picked up work from other high-profile companies such as Wells Fargo, Caterpillar and Weir Corporation.

Chile : Dispute resolution

Within Dispute resolution, tier 4

The ‘strong and capable' team at Baker & McKenzie delivers a service of ‘notable efficiency'. It is led by Rodrigo Díaz de Valdés, who has a great understanding of several practice areas and was recently appointed as an international partner by the firm. He was entrusted by the President of Chile to lead his defence before the Constitutional Court in a benchmark case filed by parliamentary members over the ratification of an international treaty entered with the US, the EU and Japan. Other highlights included obtaining the suspension of a court order for Autostrade per L'Italia before the Constitutional Court; collaborating in Zurich's defence in insurance arbitration proceedings against Colbún relating to damages for business interruption; and acting for the ministry of public works in a claim filed by Aguas de Antofagasta over the alleged unconstitutionality of water sanitation regulations, in application of which the company was heavily fined. Antonio Ortúzar Sr is an expert arbitrator.

Chile : Energy and natural resources: mining

Within Energy and natural resources: mining, Baker & McKenzie is a first tier firm,

Baker & McKenzie has a leading practice for M&A transactions, contracts and joint ventures in the mining industry – the firm's global presence being a key asset that allows immediate, local and targeted assistance to foreign companies investing in Chile. The team, which is led by the ‘vastly experienced' Antonio Ortúzar, is also able to handle all stages of multimillion-dollar greenfield and brownfield mining projects, including their acquisition, financing and operation. Highlights included advising Minera Atacama Pacific Gold on its $100m acquisition of the Atacama Gold project to be developed in the Maricunga area. The team assisted Minera Cerro Dominador and Sociedad Química y Minera de Chile on their respective agreements with Sierra Gorda SCM on the acquisition of mining concessions in the Sierra Gorda copper-molybdenum project, also in the Atacama Desert and currently at the feasibility-study stage. In the developing silver industry, it advised Endeavour on the negotiation of a purchase option on the La Presidenta silver mine in northern Chile. Concurrently, Castillo Copper entrusted Ortúzar with its $15m acquisition of the mining property Chilon Los Bayos from ten different owners, a complex process that lasted over a year. Diego Ferrada, whose practice is focused on M&A and project financing in the mining and energy industry, was promoted to partnership in July 2011.

Chile : Energy and natural resources: oil and gas/power generation

Within Energy and natural resources: oil and gas/power generation, Baker & McKenzie is a third tier firm,

Baker & McKenzie attracts praise for ‘its proficient knowledge of the Chilean legal system and the electricity industry and its players'. Antonio Ortúzar's ‘extremely committed' team advised Origin Energy on the acquisition of a 40% stake in geothermal exploration company Energia Andina, as well as on the bid documents and concession agreement for a large geothermal energy-concession project. It also assisted Empresa Eléctrica Caren with the swiftly completed sale of 66% of its shares to Latin America Power, an investment towards the development of two hydroelectric power plants. The firm bolstered its team's profile in July 2011 with the promotion of Diego Ferrada to the partnership; he is applauded for his legal talent and his technical and commercial skills.

Chile : Labour and employment

Within Labour and employment , Baker & McKenzie is a second tier firm,

Baker & McKenzie's labour practice is flourishing under the direction of Ignacio García, coordinator of the firm's labour and employment practice group. The team advises local and international companies on employment contracts, collective bargaining negotiations, visas and immigration, and internal labour-related policies. It has been particularly busy representing clients in employment litigation proceedings. ‘Efficient and highly knowledgeable' senior associate Nancy Ibaceta wins unanimous praise for her ‘excellent experience in both sophisticated and simple matters'.

Chile : Real estate

Within Real estate, Baker & McKenzie is a second tier firm,

Baker & McKenzie's Andrés Wagner and his small team have an excellent track record in negotiation of land purchases, with recent experience advising clients on major projects in both the retail and agricultural sectors. A highlight included advising Agricola y Forestal El Dorado on the $15m sale of two agricultural properties with an attendant water rights agreement. Other key clients include Motorola, international fruit exporter Exportadora Unifrutti Traders and construction company Tribasa Chile.

Chile : TMT

Within TMT , Baker & McKenzie is a second tier firm,

The key figures in Baker & McKenzie's practice are team leader León Larrain and corporate partner Diego Ferrada. It handles regulatory matters for a long list of high-profile clients such as Toshiba, Oracle, Sharp, Nokia, Research in Motion and PayPal. Recent instructions have included advising on data protection regulations, the newly approved law on telephone number portability, and telecom legislation applicable to the launch of new online businesses in the country.

Chile : Tax

Within Tax, Baker & McKenzie is a third tier firm,

Baker & McKenzie delivers an ‘exemplary' service, ‘both timely and thorough'. The expanding practice is led by the highly recommended Alberto Maturana, who is able to draw on his considerable experience advising Canadian mining companies investing in Chile to answer his high-profile mining clients' complex requirements. The group recently welcomed the arrival of tax expert Miguel Massone, who was previously at PwC in Santiago. The team advises companies and high-net-worth individuals from a broad spectrum of industries on international and domestic taxation, inbound and outbound tax structuring, tax planning and business structuring. It advised Origin Energy on the structuring and financing of its acquisition of a stake in geothermal exploration company Energía Andina; assisted Quadra Mining FNX on the tax planning and the financial structure of its joint venture with Sumitomo Metal Mining; and acted for Autostrade per l'Ítalia on its complex acquisition of a toll road concession company. It also successfully acted for Equant Chile in a $5m VAT litigation claim before the Supreme Court.


Further information on Baker & McKenzie

Please choose from this list to view details of what we say about Baker & McKenzie in other jurisdictions.

United Arab Emirates

Offices in Abu Dhabi

Argentina

Offices in Buenos Aires

Australia

Offices in Sydney and Melbourne

Austria

Offices in Vienna

Azerbaijan

Offices in Baku

Belgium

Offices in Brussels, Antwerp, and Brussels

Bahrain

Offices in Manama

Brazil

Offices in Brasilia, Porto Alegre, Sao Paulo, and Rio de Janeiro

China

Offices in Beijing and Shanghai

Chile

Offices in Santiago and Santiago

Colombia

Offices in Bogota and Bogota

Czech Republic

Offices in Prague

Germany

Offices in Berlin, Frankfurt, Dusseldorf, and Munich

Egypt

Offices in Cairo

Spain

Offices in Madrid and Barcelona

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Hungary

Offices in Budapest

Indonesia

Offices in Jakarta

India

Italy

Offices in Rome, Milan, and Bologna

Japan

Offices in Tokyo

Kazakhstan

Offices in Almaty

London

Offices in London EC4V and London EC4V

Luxembourg

Offices in Luxembourg

Mexico

Offices in Juarez, Cancun, Tijuana, Monterrey, Mexico City, and Guadalajara

Malaysia

Offices in Kuala Lumpur

Netherlands

Offices in Amsterdam

Philippines

Offices in Makati

Poland

Offices in Warsaw

Qatar

Offices in Doha

Russia

Offices in Moscow and St Petersburg

South Africa

Offices in Johannesburg

Sweden

Offices in Stockholm

Singapore

Offices in Singapore

South Korea

Saudi Arabia

Offices in Riyadh

Switzerland

Offices in Zurich and Geneva

Taiwan

Offices in Taipei

Thailand

Offices in Bangkok

Turkey

Offices in Istanbul and Istanbul

Ukraine

Offices in Kiev

United States

Offices in Washington DC, Palo Alto, New York, Miami, Dallas, Chicago, San Francisco, and Houston

Venezuela

Offices in Valencia and Caracas

Vietnam

Offices in Hanoi and Ho Chi Minh City

Legal Developments by:
Baker & McKenzie

  • The New Turkish Code of Obligations: Important Changes for Leases of Residential & Business Premises

    For decades, the primary Turkish laws governing leases of residential and business premises have been the Law on Leasing Real Property dated May 27, 1955 (the “Lease Law”) and the Turkish Code of Obligations No. 818 dated April 22, 1926 (the “Obligations Code”). Both of these laws, however, will be repealed and replaced with the new Turkish Code of Obligations No. 6098 dated January 11, 2011 (the “New Obligations Code”), which will enter into force on July 7, 2012.
    - Esin Attorney Partnership

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Jersey Royal Court considers measure of damages for dilapidations claims

    In the absence of any statutory provision in Jersey addressing how dilapidations claims are to be quantified, the Royal Court's decision in JSSL v Barclays has provided some much needed guidance, particularly in circumstances where there is an acceptance that works to redress dilapidations have not been and will not be carried out.
  • English Supreme Court rules on Mistake and Hastings Bass

    On 9 May 2013 the English Supreme Court handed down a unanimous judgment on the seminal cases of Pitt-v- Holt and Futter -v- Futter , with Lord Walker's valedictory judgment conclusively resolving the English position on the rule in Hastings Bass and rescission on the ground of mistake.
  • Getting the breaks

    Shook, Hardy & Bacon currently authors the Insurance section of The In-House Lawyer magazine. For more information and articles from this author click here .
  • Product liability and dietary supplements

    Shook, Hardy & Bacon currently authors the Insurance section of The In-House Lawyer magazine. For more information and articles from this author click here .
  • The calm before 
the storm: are 
you prepared for 
a dawn raid?

    WilmerHale currently authors the Fraud and Corporate Crime section of The In-House Lawyer magazine. For more information and articles from this author click here .
  • International shipment of waste: transporters beware

    Burges Salmon LLP currently authors the Environment and Energy section of The In-House Lawyer magazine. For more information and articles from this author click here
  • Cyprus Shipping Industry : Business as usual. Why despite recent events Cyprus remains an internatio

    Cyprus is the third most populated island in the Mediterranean Sea. It is strategically located at the crossroads of Europe, Africa and the Middle East. Traditionally Cyprus has always been at the heart of the seafaring trade and therefore always functioned as an important centre for trade and commerce. Today as a member of the European Union it remains an optimal business base. It is one of the most attractive locations for foreign investments worldwide. Foreign companies have been given the opportunity to invest and establish business in Cyprus on equal terms with local investors as no distinction is made between foreign and Cypriot companies.
  • FOREIGN EXCHANGE OPERATIONS

    The excellent support system in combination with the ideal jurisdiction provided in Cyprus set the country in the list of the most desirable countries through which you can offer foreign exchange operations. In addition, the accession of Cyprus within the European Union and, most importantly, the extremely beneficial economic advantages available due to the low costs and the outstanding taxation, create a covetable environment for foreign investors.
  • National public order. Adoption of the Draft

    The Presidium of the Supreme Commercial Court of the Russian Federation (hereinafter - SCC RF) adopted by the Informative Letter No. 156 dated the 26th of February, 2013 (hereinafter - the Informative Letter) on Review of the consideration by arbitrazh courts of the cases on the implementation of the public order clause as the ground for rejection of the recognition and enforcement of the foreign court decisions and arbitral awards.
  • China Customs New Interpretation

    For many products, tariff classification can be technically complex, confusing, and subject to multiple interpretations. Often several different Harmonized System Codes ("HS Code") may seem applicable for one given product with different tariff rates. Tariff classification is indeed a process of application of customs classification rules, including customs rulings and decisions, and misclassification may trigger severe legal consequences. The sad fact is, unfortunately, that many companies rely on non-legal professionals to determine the HS Codes for imports or exports. A recent interpretation issued by the General Administration of Customs of China ("GACC") (Circular No. [2012] 495 Shu-Fa-Fa) (the "Interpretation") reinforces the process of tariff classification as a legal matter, and formulates the test as to what counts for regulatory violation if tariff classification rules are improperly applied by the importer or exporter in a given case. If the legal defense is successful, misclassification may only be treated as a non-violation misclassification, with the possible obligation to pay up additional customs duties, if any, but without administrative or criminal consequences. The Interpretation took effect as from February 1, 2013.