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AV. APOQUINDO 3721, 14TH FLOOR, CÓD POSTAL 755 0177, SANTIAGO, CHILE
Tel:
Work +562 2367 3000
Fax:
Fax +562 2367 3003
Email:
Web:
www.claro.cl

Chile

Banking and finance
Banking and finance - ranked: tier 1

Claro & Cia.

Claro & Cia.’s banking and finance practice is highly rated for its assistance to local and foreign banks, with which it enjoys longstanding relationships. Representative expertise includes loans, public and private placements of securities, and derivatives, including regulatory advice; and in project finance the team advises sponsors, banks and insurers on the financing of toll roads, airports, ports, mines, oil and gas refineries and telecoms projects. It recently acted for Banco Bilbao Vizcaya Argentaria (New York branch), as administrative agent, and several lenders, on a $1.5bn senior unsecured term-loan credit agreement granted to Enersis AmĂ©ricas in relation to the reorganisation of Enersis, Chilectra and Endesa Chile. On the borrower side, the team assisted Empresa ElĂ©ctrica Angamos with $350m secured credit and hedging facilities, entered into with Banco de Chile, Banco de CrĂ©dito e Inversiones, Banco del Estado de Chile and Banco ItaĂș-Corpbanca. Rodrigo OchagavĂ­a has extensive experience in corporate finance, including banking and finance and capital markets; Jorge MartĂ­n is a project finance and banking and finance specialist; and JosĂ© Luis Ambrosy represents lenders, borrowers, purchasers, financial advisers, issuers, credit enhancers and underwriters; he also regularly advises on securities matters that involve the regulatory authorities. The firm is the exclusive Chilean member of Lex Mundi, a global network of independent law firms.

Leading lawyers

Jorge MartĂ­n - Claro & Cia.

José Luis Ambrosy - Claro & Cia.

Rodrigo OchagavĂ­a - Claro & Cia.

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Competition and antitrust
Competition and antitrust - ranked: tier 1

Claro & Cia.

Claro & Cia. is highly rated in the market for its antitrust and competition law credentials. The team regularly assists with high-profile merger clearances; it is also recommended for competition-related litigation, including the defence of clients’ business interests before the TDLC, and negotiations with the country’s antitrust authorities. Particular sector strengths include energy, banking and finance and transportation. It recently acted for a Chilean bank in a voluntary procedure before the FNE, which concerned a domestic bank’s joint venture and related to the credit and debit card markets. CristĂłbal Eyzaguirre is recommended and JosĂ© Miguel Huerta is also highly rated.

Leading lawyers

CristĂłbal Eyzaguirre - Claro & Cia.

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Claro & Cia.

Claro & Cia. is recommended for its advice to sellers, purchasers, shareholders, target companies and financiers in mergers, spin-offs, business combinations, public and private tender offers, and corporate reorganisations. Department head JosĂ© MarĂ­a Eyzaguirre B and Felipe LarraĂ­n led advice to Corpbanca and its controlling shareholder, Corpgroup, on a multi-party competitive bidding process; this was to find a strategic partner to combine banking operations in Chile and Colombia to create the third largest private bank in Chile. In other matters, CristĂłbal Eyzaguirre, JosĂ© Luis Ambrosy and LarraĂ­n acted for Endesa Americas on its merger with Chilectra Americas into Enersis Americas (part of Enel Group’s reorganisation); and MatĂ­as de Marchena led advice to Gas Natural in the reorganisation of its subsidiary Gasco. Luisa NĂșñez, Rodrigo OchagavĂ­a and HernĂĄn Felipe ValdĂ©s are also highly experienced advisers, as are Jorge MartĂ­n and Ariel Mihovilovic.

Leading lawyers

CristĂłbal Eyzaguirre - Claro & Cia.

José María Eyzaguirre B - Claro & Cia.

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Dispute resolution
Dispute resolution - ranked: tier 1

Claro & Cia.

Focused on complex commercial litigation and international disputes, Claro & Cia. is highly rated for its experience in matters involving civil, commercial, employment and tax issues, as well as corporate, administrative and IP law. The firm also has a recommended criminal law practice, which specialises in white-collar crime; while on the arbitration side, the group is experienced in both domestic and international arbitration. It regularly acts in high-stakes arbitration proceedings and several of the firm’s lawyers act as arbitrators at the Santiago Chamber of Commerce. Litigation head and senior partner JosĂ© MarĂ­a Eyzaguirre G has acted in some of the most renowned litigation and arbitration cases in Chile over the last 30 years. CristĂłbal Eyzaguirre, NicolĂĄs Luco, Felipe Ossa and JosĂ© Miguel Huerta are also recommended practitioners.

Leading lawyers

CristĂłbal Eyzaguirre - Claro & Cia.

NicolĂĄs Luco - Claro & Cia.

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Environment
Environment - ranked: tier 3

Claro & Cia.

Claro & Cia.’s environmental law practice is particularly focused on the air, water, energy, forestry and mining sectors. The team defended Chilean miner Anglo American Sur against a claim for environmental damage –allegedly caused by the El Sauce waste dump– before Santiago’s civil courts. Nicolás Eyzaguirre is highly regarded.

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Intellectual property
Intellectual property - ranked: tier 2

Claro & Cia.

Claro & Cia. has a full-service IP practice, which covers patent and trade mark registration, prosecution and litigation, as well as the IP aspects of large, complex M&A transactions; and it has developed a particularly strong practice in the food and beverages, technology, pharmaceutical and agricultural sectors, as well as in mining, cosmetics, tobacco and footwear. Active clients of the firms include The Coca-Cola Company, General Electric Company and HanesBrands. Felipe Claro leads the IP practice group and the ‘excellent’ counsel Paulina Bardón heads the trade mark group. The recommended associates are Claus Krebs, Mahish Sadarangani and Trinidad Rojas.

Leading lawyers

Felipe Claro - Claro & Cia.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Claro & Cia.

Claro & Cia. has extensive experience in the corporate organisation and financing of projects, including environmental and tax matters, in relation to toll roads, airports, `maritime ports, mines, oil and gas refineries, gas pipelines and telecoms; the team also assists with infrastructure-related public concessions. The practice advised InterEnergy Holdings on the acquisition of the interests of Proyecto Raki and Proyecto Huajache, two companies which own a wind farm. Rodrigo OchagavĂ­a, Jorge MartĂ­n, MatĂ­as de Marchena, Luisa NĂșñez and JosĂ© Luis Ambrosy are the recommended advisers.

Leading lawyers

Rodrigo OchagavĂ­a - Claro & Cia.

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Tax
Tax - ranked: tier 4

Claro & Cia.

The team at Lex Mundi member-firm Claro & Cia. recently advised Citigroup on the tax issues surrounding the pre-payment of Banco de Chile’s subordinated debt to the Central Bank of Chile; and acted as tax counsel to Prudential Financial on a joint venture structure with Inversiones La Construcción to gain control of Chile’s second largest pension fund. Jorge Carraha is recommended.

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Chile: Energy and natural resources

Electricity/oil and gas
Energy and natural resources: electricity - ranked: tier 1

Claro & Cia.

Energy and natural resources: oil and gas - ranked: tier 1

Claro & Cia.

Claro & Cia. is recommended for its advice to national and global clients, which generate, transmit and distribute energy. Representative experience includes the development, construction, operation and financing of hydroelectric, solar, wind and thermoelectric power plants. In cross-border matters, the team has acted in the project financing and construction of oil and gas pipelines between Chile and Argentina; and the firm’s energy practice also covers corporate law, regulatory issues and litigation. Rodrigo OchagavĂ­a is highly rated for his experience with generator, transmission and distribution companies; and project finance expert JosĂ© Luis Ambrosy and NicolĂĄs Eyzaguirre are also recommended.

Leading lawyers

NicolĂĄs Eyzaguirre - Claro & Cia.

Rodrigo OchagavĂ­a - Claro & Cia.

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Mining
Energy and natural resources: mining - ranked: tier 2

Claro & Cia.

Claro & Cia. advises some of the US’ and the world’s largest metallic and non-metallic mining companies. Representative work includes assisting with acquiring the permits for the development, construction, operation and closing of mining sites; acquisitions, sales and financings of mining assets both in Chile and abroad; advising on relations with governmental authorities; and assisting with strategies to minimise potential environmental contingencies. The practice advised Soquimich, the second-largest lithium carbonate producer in the world, on the acquisition of 50% of Minera Exar. Nicolás Eyzaguirre is the key name.

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Latin America: International firms

Local practitioners of note (by country)

Based in Chile but a member of London barristers’ chambers 20 Essex Street, Francisco Orrego Vicuña is a highly regarded arbitrator who has handled disputes involving Latin American parties, as well as cases relating to Europe, the Middle East and Africa. He sits on the ICDR’s Energy Arbitrators’ list. Bofill, Mir & Álvarez Jana’s founding litigation and arbitration partner AndrĂ©s Jana is closely involved, as a member or delegate, in major arbitral forums including UNCITRAL, the ICC, ICSID and the LCIA. Carey represented the Republic of Chile in an ICSID arbitration over alleged breach of the Spanish-Chilean BIT, with chairman Jorge Carey and Gonzalo FernĂĄndez acting alongside Arnold & Porter Kaye Scholer LLP. Arturo YrarrĂĄzaval Covarrubias leads on arbitration matters at YrarrĂĄzaval, Ruiz-Tagle, Goldenberg, Lagos & Silva. Other key contacts include Felipe Ossa at Claro & Cia.; Pedro Pablo GutiĂ©rrez at GutiĂ©rrez, Waugh, Jimeno & Asenjo; and Carlos Eugenio Jorquiera, who serves as president of the Centre for Arbitration and Mediation at the Santiago Chamber of Commerce.

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Chile

Banking and finance
Banking and finance - ranked: tier 1

Claro & Cia.

Claro & Cia.’s banking and finance practice is highly rated for its assistance to local and foreign banks, with which it enjoys longstanding relationships. Representative expertise includes loans, public and private placements of securities, and derivatives, including regulatory advice; and in project finance the team advises sponsors, banks and insurers on the financing of toll roads, airports, ports, mines, oil and gas refineries and telecoms projects. It recently acted for Banco Bilbao Vizcaya Argentaria (New York branch), as administrative agent, and several lenders, on a $1.5bn senior unsecured term-loan credit agreement granted to Enersis AmĂ©ricas in relation to the reorganisation of Enersis, Chilectra and Endesa Chile. On the borrower side, the team assisted Empresa ElĂ©ctrica Angamos with $350m secured credit and hedging facilities, entered into with Banco de Chile, Banco de CrĂ©dito e Inversiones, Banco del Estado de Chile and Banco ItaĂș-Corpbanca. Rodrigo OchagavĂ­a has extensive experience in corporate finance, including banking and finance and capital markets; Jorge MartĂ­n is a project finance and banking and finance specialist; and JosĂ© Luis Ambrosy represents lenders, borrowers, purchasers, financial advisers, issuers, credit enhancers and underwriters; he also regularly advises on securities matters that involve the regulatory authorities. The firm is the exclusive Chilean member of Lex Mundi, a global network of independent law firms.

Leading lawyers

Jorge MartĂ­n - Claro & Cia.

José Luis Ambrosy - Claro & Cia.

Rodrigo OchagavĂ­a - Claro & Cia.

[back to top]

Competition and antitrust
Competition and antitrust - ranked: tier 1

Claro & Cia.

Claro & Cia. is highly rated in the market for its antitrust and competition law credentials. The team regularly assists with high-profile merger clearances; it is also recommended for competition-related litigation, including the defence of clients’ business interests before the TDLC, and negotiations with the country’s antitrust authorities. Particular sector strengths include energy, banking and finance and transportation. It recently acted for a Chilean bank in a voluntary procedure before the FNE, which concerned a domestic bank’s joint venture and related to the credit and debit card markets. CristĂłbal Eyzaguirre is recommended and JosĂ© Miguel Huerta is also highly rated.

Leading lawyers

CristĂłbal Eyzaguirre - Claro & Cia.

[back to top]

Corporate and M&A
Corporate and M&A - ranked: tier 1

Claro & Cia.

Claro & Cia. is recommended for its advice to sellers, purchasers, shareholders, target companies and financiers in mergers, spin-offs, business combinations, public and private tender offers, and corporate reorganisations. Department head JosĂ© MarĂ­a Eyzaguirre B and Felipe LarraĂ­n led advice to Corpbanca and its controlling shareholder, Corpgroup, on a multi-party competitive bidding process; this was to find a strategic partner to combine banking operations in Chile and Colombia to create the third largest private bank in Chile. In other matters, CristĂłbal Eyzaguirre, JosĂ© Luis Ambrosy and LarraĂ­n acted for Endesa Americas on its merger with Chilectra Americas into Enersis Americas (part of Enel Group’s reorganisation); and MatĂ­as de Marchena led advice to Gas Natural in the reorganisation of its subsidiary Gasco. Luisa NĂșñez, Rodrigo OchagavĂ­a and HernĂĄn Felipe ValdĂ©s are also highly experienced advisers, as are Jorge MartĂ­n and Ariel Mihovilovic.

Leading lawyers

CristĂłbal Eyzaguirre - Claro & Cia.

José María Eyzaguirre B - Claro & Cia.

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 1

Claro & Cia.

Focused on complex commercial litigation and international disputes, Claro & Cia. is highly rated for its experience in matters involving civil, commercial, employment and tax issues, as well as corporate, administrative and IP law. The firm also has a recommended criminal law practice, which specialises in white-collar crime; while on the arbitration side, the group is experienced in both domestic and international arbitration. It regularly acts in high-stakes arbitration proceedings and several of the firm’s lawyers act as arbitrators at the Santiago Chamber of Commerce. Litigation head and senior partner JosĂ© MarĂ­a Eyzaguirre G has acted in some of the most renowned litigation and arbitration cases in Chile over the last 30 years. CristĂłbal Eyzaguirre, NicolĂĄs Luco, Felipe Ossa and JosĂ© Miguel Huerta are also recommended practitioners.

Leading lawyers

CristĂłbal Eyzaguirre - Claro & Cia.

NicolĂĄs Luco - Claro & Cia.

[back to top]

Environment
Environment - ranked: tier 3

Claro & Cia.

Claro & Cia.’s environmental law practice is particularly focused on the air, water, energy, forestry and mining sectors. The team defended Chilean miner Anglo American Sur against a claim for environmental damage –allegedly caused by the El Sauce waste dump– before Santiago’s civil courts. Nicolás Eyzaguirre is highly regarded.

[back to top]

Intellectual property
Intellectual property - ranked: tier 2

Claro & Cia.

Claro & Cia. has a full-service IP practice, which covers patent and trade mark registration, prosecution and litigation, as well as the IP aspects of large, complex M&A transactions; and it has developed a particularly strong practice in the food and beverages, technology, pharmaceutical and agricultural sectors, as well as in mining, cosmetics, tobacco and footwear. Active clients of the firms include The Coca-Cola Company, General Electric Company and HanesBrands. Felipe Claro leads the IP practice group and the ‘excellent’ counsel Paulina Bardón heads the trade mark group. The recommended associates are Claus Krebs, Mahish Sadarangani and Trinidad Rojas.

Leading lawyers

Felipe Claro - Claro & Cia.

[back to top]

Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Claro & Cia.

Claro & Cia. has extensive experience in the corporate organisation and financing of projects, including environmental and tax matters, in relation to toll roads, airports, `maritime ports, mines, oil and gas refineries, gas pipelines and telecoms; the team also assists with infrastructure-related public concessions. The practice advised InterEnergy Holdings on the acquisition of the interests of Proyecto Raki and Proyecto Huajache, two companies which own a wind farm. Rodrigo OchagavĂ­a, Jorge MartĂ­n, MatĂ­as de Marchena, Luisa NĂșñez and JosĂ© Luis Ambrosy are the recommended advisers.

Leading lawyers

Rodrigo OchagavĂ­a - Claro & Cia.

[back to top]

Tax
Tax - ranked: tier 4

Claro & Cia.

The team at Lex Mundi member-firm Claro & Cia. recently advised Citigroup on the tax issues surrounding the pre-payment of Banco de Chile’s subordinated debt to the Central Bank of Chile; and acted as tax counsel to Prudential Financial on a joint venture structure with Inversiones La Construcción to gain control of Chile’s second largest pension fund. Jorge Carraha is recommended.

[back to top]

Chile: Energy and natural resources

Electricity/oil and gas
Energy and natural resources: electricity - ranked: tier 1

Claro & Cia.

Energy and natural resources: oil and gas - ranked: tier 1

Claro & Cia.

Claro & Cia. is recommended for its advice to national and global clients, which generate, transmit and distribute energy. Representative experience includes the development, construction, operation and financing of hydroelectric, solar, wind and thermoelectric power plants. In cross-border matters, the team has acted in the project financing and construction of oil and gas pipelines between Chile and Argentina; and the firm’s energy practice also covers corporate law, regulatory issues and litigation. Rodrigo OchagavĂ­a is highly rated for his experience with generator, transmission and distribution companies; and project finance expert JosĂ© Luis Ambrosy and NicolĂĄs Eyzaguirre are also recommended.

Leading lawyers

NicolĂĄs Eyzaguirre - Claro & Cia.

Rodrigo OchagavĂ­a - Claro & Cia.

[back to top]

Mining
Energy and natural resources: mining - ranked: tier 2

Claro & Cia.

Claro & Cia. advises some of the US’ and the world’s largest metallic and non-metallic mining companies. Representative work includes assisting with acquiring the permits for the development, construction, operation and closing of mining sites; acquisitions, sales and financings of mining assets both in Chile and abroad; advising on relations with governmental authorities; and assisting with strategies to minimise potential environmental contingencies. The practice advised Soquimich, the second-largest lithium carbonate producer in the world, on the acquisition of 50% of Minera Exar. Nicolás Eyzaguirre is the key name.

[back to top]

Latin America: International firms

Local practitioners of note (by country)

Based in Chile but a member of London barristers’ chambers 20 Essex Street, Francisco Orrego Vicuña is a highly regarded arbitrator who has handled disputes involving Latin American parties, as well as cases relating to Europe, the Middle East and Africa. He sits on the ICDR’s Energy Arbitrators’ list. Bofill, Mir & Álvarez Jana’s founding litigation and arbitration partner AndrĂ©s Jana is closely involved, as a member or delegate, in major arbitral forums including UNCITRAL, the ICC, ICSID and the LCIA. Carey represented the Republic of Chile in an ICSID arbitration over alleged breach of the Spanish-Chilean BIT, with chairman Jorge Carey and Gonzalo FernĂĄndez acting alongside Arnold & Porter Kaye Scholer LLP. Arturo YrarrĂĄzaval Covarrubias leads on arbitration matters at YrarrĂĄzaval, Ruiz-Tagle, Goldenberg, Lagos & Silva. Other key contacts include Felipe Ossa at Claro & Cia.; Pedro Pablo GutiĂ©rrez at GutiĂ©rrez, Waugh, Jimeno & Asenjo; and Carlos Eugenio Jorquiera, who serves as president of the Centre for Arbitration and Mediation at the Santiago Chamber of Commerce.

[back to top]


Further information on Claro & Cia.

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Chile

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