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AV. ANDRÉS BELLO 2711, 19TH FLOOR, LAS CONDES, SANTIAGO, CHILE
Tel:
Work +56 2 2360 4000
Fax:
Fax +56 2 2360 4030
Email:
Web:
www.cariola.cl

Chile

Banking and finance
Banking and finance - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos’s 12-strong practice is highly regarded for structuring financial transactions, (including tax law assistance), such as cross-border loans; project and acquisition finance, domestic corporate financings and specialised secured financings; and complex restructurings and derivatives and trade finance. The firm also fields lawyers with regulatory expertise and acts for a lender side-client roster that includes Rabobank, Santander, Banco BICE, Itaú Corpbanca, Scotiabank Chile, Sabadell, BNP Paribas, BCP and Bando de Crédito del Perú. Recent matters saw Rodrigo Sepúlveda lead advice to DNB Bank (Norway’s largest financial services group), as mandated lead arranger, original lender, issuing bank and agent, regarding a $30m super senior multi-currency revolving facility granted to Nova Austral. Other matters include acting for Canadian mining group Golder Associates (Enterra Holdings) and Chilean subsidiary Golder Associates, as borrowers and guarantors, in an amended and restated $226m credit agreement with a syndicated group of international banks. Francisco Illanes and Juan Antonio Parodi are additional names to note.

Leading lawyers

Francisco Illanes - Cariola Díez Pérez-Cotapos

Rodrigo Sepúlveda - Cariola Díez Pérez-Cotapos

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos’ ‘advice takes into account commercial drivers’. The team is highly regarded for merger control matters; has significant strength in cartel and abuse of dominance cases; and assists with IP-related competition matters. The team also has a large base of consumer goods clients. Mandates include advising American Airlines on a joint business agreement requiring FNE approval; and Time Warner on the Chilean aspects of its merger with AT&T. Juan Cristóbal Gumuciofavourably impresses’.

Leading lawyers

Juan Cristóbal Gumucio - Cariola Díez Pérez-Cotapos

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Corporate and M&A (including compliance)
Corporate and M&A (including compliance) - ranked: tier 1

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos’ M&A practice undertakes joint venture development, private equity and venture capital deals, and domestic and cross-border acquisitions of private and public companies. Other areas of strength include complex corporate mergers and spin-offs, and corporate restructuring transactions. The firm has recently advised on deals in sectors such as mining, energy, infrastructure, banking, and media, along with aquaculture, healthcare, retail and agribusiness. Headline mandates included assisting Rabobank Chile with the restructuring of its entire Chilean operation, thereby permitting the bank to retain its license and maintain its financing activities in the country. On the transactional front, the team assisted Turner International Latin America with its $400m purchase of pay-TV sports channel Canal del Fútbol (CDF); Goldcorp with its acquisition of a 50% stake in Compañia Minera Casale from Barrick Gold and Kinross; and Compañía Minera Milpo with the sale of its Chilean subsidiary Minera Rayrock to Minera Cielo Azul. Other notable matters include advising Enel Generación Chile with the complex and sizeable corporate reorganisation of the Enel Group in Chile. The recommended names are Gerardo Varela, Juan Pablo Matus, José Luis Letelier, Sergio Díez and Cristián Herrera as well as Carlos Pérez-Cotapos and Gonzalo Grez. Other notable clients include Ripley, Empresas Públicas de Medellín (EPM), SAP Agencia en Chile, Goldcorp, Principal Financial Group Interconexión Eléctrica and The Coca-Cola Company.

Leading lawyers

Gerardo Varela - Cariola Díez Pérez-Cotapos

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Dispute resolution
Dispute resolution - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is experienced in litigation involving environmental matters, regulatory issues and securities; other areas of strength include tax disputes, competition law and consumer protection issues, as well as defending clients in class action litigation. Recent matters saw the team defend Kellogg’s against a claim filed by National Consumer Authority, SERNAC, for alleged infringement of consumer law regarding the country’s new sanitary regulations. The principal advisers are Raimundo Moreno, Florencio Bernales, Fernando Urrutia and Jorge Boldt.

Leading lawyers

Florencio Bernales - Cariola Díez Pérez-Cotapos

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Environment
Environment - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos advises on the environmental law aspects of the development of power plants and industrial facilities and is increasingly active assisting with sanctions procedures before the authorities. The team advised EPM Chile regarding environmental issues related to its Los Cururos wind farm, including presentations submitted before the Environmental Evaluation Service and the Superintendence of the Environment. Gonzalo Jiménez and environmental and regulatory law specialist Martín Astorga are the key names.

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Insurance
Insurance - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is well known for advising large industrial and commercial clients on its claims against insurance companies, regarding construction and mining project-related insurance policies. The team also assists with the review of insurance policies; negotiations with insurance companies; and the regulatory requirements applicable to insurance and reinsurance brokers. Standing mandates include ongoing assistance to Ripley Corp regarding insurance matters; Maersk Chile, Sandvik Chile and Guy Carpenter & Company Corredores de Reaseguros are also clients. Florencio Bernales and Raimundo Moreno are the principal advisers.

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Labour and employment
Labour and employment - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotaposhas excellent industry knowledge and provides superior analyses’. The team is highly regarded for its expertise in collective bargaining, immigration, and the labour law aspects of company restructuring. Other areas of strength include compensation packages, stock options plans and the tax issues surrounding labour benefits; the practice also has sector expertise in retail, mining, IT, consumer-product manufacturing and technology. The practice recently assisted IBM de Chile with a collective bargaining process and provides ongoing assistance to Coca Cola de Chile regarding labour law matters. Ricardo Tisi and senior associate Bárbara Zlatar are the key practitioners.

Leading lawyers

Ricardo Tisi - Cariola Díez Pérez-Cotapos

Next generation lawyers

Bárbara Zlatar - Cariola Díez Pérez-Cotapos

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Cariola Díez Pérez-Cotapos

Regularly acting for mining companies, industrial clients and private equity funds, Cariola Díez Pérez-Cotapos is highly regarded for infrastructure matters, including power plants and transportation projects; the scope of the team’s advice includes development and construction issues, M&A, financing and planning matters. A strong bench at the partner level includes José Luis Letelier, Carlos Pérez-Cotapos and Juan Pablo Matus, together with Cristián Herrera, Gonzalo Grez, Gonzalo Jiménez and Rodrigo Sepúlveda.

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Real estate
Real estate - ranked: tier 1

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is best known for major real estate M&A transactions, such as the purchase and sale of large shopping malls, office buildings and utilities’ real estate assets; and significant real estate greenfield projects – including industrial plants and large IT premises; the practice also regularly advises on the due diligence work during real estate-related M&A transactions. Other areas of strength include complex construction issues and disputes concerning industrial, commercial and energy projects; and the negotiation and drafting of significant and/or complex long-term lease agreements. Recent matters include assisting major retailer Ripley Corp with the sale of real estate assets. Juan Pablo Matus is a well-known adviser.

Leading lawyers

Juan Pablo Matus - Cariola Díez Pérez-Cotapos

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TMT
TMT - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos assists foreign and domestic IT, telecoms, media and internet companies with the technology components and corporate aspects of their investments in local companies; handles joint ventures, transactional IP and litigation; and undertakes regulatory-related IT and media projects. Recent mandates saw the team advise Pontificia Universidad Católica de Chile on the sale of a 33 percent stake in Canal 13, a significant local TV station, to Luksic Group. Rodrigo Lavados and Francisco Illanes are the names to note. The client list also includes Turner Broadcasting, Fox International Channels, Google, Nokia, Chilevision and IBM.

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Tax
Tax - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is well known for its expertise in the tax structuring of acquisitions and restructuring of investments in Chile. The department is also noted for mining-related taxation and has a growing tax litigation practice. It acted as tax advisors to Goldcorp in the structuring and implementation of a joint venture with Barrick which involves one of the largest undeveloped gold deposits in the world. Francisco Illanes and Javier Cerón are the recommended names.

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Chile: Energy and natural resources

Electricity/oil and gas
Energy and natural resources: electricity - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos acts on an ongoing basis for private equity fund Southern Cross Group, which as part of its portfolio undertakes greenfield thermal power plant development in Chile. The practice is increasingly active advising both foreign and local companies on developing greenfield renewable energy projects, such as mini-hydro, solar and wind farms. Gonzalo Jiménez and Martín Astorga are experienced practitioners.

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Mining
Energy and natural resources: mining - ranked: tier 1

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is particularly noted for the exploration, development, financing and operation of mining projects, as well as worksite closures and associated matters. It is also recommended for the acquisition and sale of mining companies and assets (including copper, gold, silver, nitrates, iron ore, coal and salt), and mining-related litigation. The team acted for Goldcorp in the acquisition of a 50% stake in Compañia Minera Casale from Barrick Gold and Kinross; was legal counsel to Compañía Minera Milpo in the negotiation, drafting and execution of the sale of its Chilean subsidiary Minera Rayrock to Minera Cielo Azul; and advised Hudbay Minerals on the negotiation, structuring and drafting of a mining-option purchase agreement between Hudbay Chile and D&G. Carlos Pérez-Cotapos and Gonzalo Grez are the principal contacts.

Leading lawyers

Carlos Pérez-Cotapos - Cariola Díez Pérez-Cotapos

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