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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

José Luis Ambrosy

Tel:
Work (56 2) 367 3053
Email:
Claro & Cia.

Work Department

Capital Markets, Project Finance , Mergers & Acquisitions.

Position

Partner. Significant practice areas include: Capital Markets, Project Finance , Mergers & Acquisitions.

Career

José Luis Ambrosy has concentrated his practice in Corporate Finance, Capital Markets, International Finance Transactions (including both corporate and project finance), and Mergers and Acquisitions He has represented a broad range of clients, including lenders, borrowers, purchasers, sellers, governments, investors, financial advisers, issuers, credit enhancers and underwriters. He has worked in projects involving regulatory authorities in the Chilean securities market and public works concessions in Chile. Joined Claro & Cia. in 1998. Previously, he practiced law at the legal department of Caja de Madrid, Spain, (1996-1998). During the years 2003 and 2004 worked as a foreign associate with the Project Finance Team at Debevoise & Plimpton, LLP, New York office. He is admitted to practice in Spain and in Chile.

Languages

Languages: Spanish and English.

Education

LL.M., University of Notre Dame School of Law, 2004. LL.M., Pontificia Universidad Católica de Chile, 2001. LL.M., Pontificia Universidad Católica de Chile, 1998-1999. J.D., Universidad de Alcalá de Henares, Madrid, 1997.


Chile

Banking and finance

Within: Leading lawyers

José Luis Ambrosy - Claro & Cia.

Within: Banking and finance

Regularly acting for both domestic and international banks, Claro & Cia.’s finance ‘group is outstanding’. The team’s experience includes complex syndicated and bilateral loans, public and private securities placements, liability management, securitisations, structured products and operations with derivatives; while the project finance group assists sponsors, financial institutions and insurers with the financing of aviation, maritime and highway infrastructure, mines, oil and gas refineries and telecoms projects. Rodrigo Ochagavía and Ariel Mihovilovic led advice AES Corporation’s local subsidiary, Alto Maipo, and AES Gener (as sponsor), on the $2.2bn development, construction, operational agreements and refinancing of a 531MW hydropower plant and related interconnection and transmission assets. Other key matters included advising EIG Management Company and EIG Andes Financing on a $252m mezzanine senior secured credit facility granted to AME for the development of an LNG project; acting for ITAÚ CORPBANCA in the refinancing of a $465m corporate syndicated loan; and assisting Celeo Redes Operación Chile (an affiliate of Elecnor) with an approximately $600m project bond issuance. Jorge Martín acts for multinational corporations, banks, financial advisers and monoline insurers; José Luis Ambrosy has particular experience in public works concessions in Chile and project matters involving regulatory authorities in the Chilean securities market; andLuisa Núñez, Felipe Larraín, Juan León and counsel Cristián Lagos are also all highly rated.

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Projects and infrastructure

Within: Projects and infrastructure

Claro & Cia. has very highly-rated project finance and project development practices, which advise on the development, construction, operation, acquisition, disposition, ownership and financing of energy-related and infrastructure projects. Rodrigo Ochagavía and Ariel Mihovilovic acted for The AES Corporation subsidiary Alto Maipo, and AES Gener (as sponsor), in the development, construction and refinancing of a 531MW hydropower plant and related interconnection and transmission assets; the mandate included the negotiation of both the operational and construction agreements. Other key advisers include Luisa Núñez, Nicolás Eyzaguirre, Jorge Martín and José Luis Ambrosy; senior associates to note include Gerardo Otero and Andrea Sougarret.

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Chile: Energy and natural resources

Electricity/oil and gas

Within: Electricity/oil and gas

Widely respected for its energy-sector capabilities, Claro & Cia.’s practice typically represents clients in the development, construction, operation, acquisition and financing of energy and infrastructure projects. Recent mandates saw Rodrigo Ochagavía and Ariel Mihovilovic lead advice AES Corporation subsidiary Alto Maipo, and AES Gener (as sponsor), on all aspects of the development and $2.2bn refinancing of a 531MW hydropower plant and related interconnection and transmission assets; and José Luis Ambrosy and Nicolás Eyzaguirre act for Elecnor-affiliate Celeo Redes Operación Chile in a $600m project bond issue. Ambrosy’s ‘strengths include great knowledge of all the issues involved in the financing of infrastructure projects’. Luisa Núñez and senior associate Gerardo Otero are also highly regarded.

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