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Chile : Banking and finance
Within Banking and finance, Guerrero, Olivos, Novoa y Errazuriz is a second tier firm,
Guerrero, Olivos, Novoa y Errazuriz's 30-strong, seven-partner team is led by the ‘excellent' Roberto Guerrero V, who is highly regarded by clients and peers alike. The team saw an upturn in local financing activity during 2011, and remained busy advising both international and local clients on a range of credit and financing transactions as well as on legal and regulatory changes in the country's banking industry. Highlights included representing the new board of directors at Chilean retailer La Polar on a make-or-break $1bn debt restructuring, aimed at restoring the publicly traded company's position in the wake of a scandal involving alleged fraud and financial misrepresentation. The team has also won a mandate to assist Chile's state-owned subway company, Metro, with all its banking and capital markets requirements over the next two years. In another highlight, Guerrero and Sebastián Yunge advised mining and steel group CAP on the $180m project financing for the construction of a sea water desalinisation plant in northern Chile. Also singled out are Jorge Delpiano, who led a team that advised Empresas Carozzi on the registration of two lines of bonds for a total amount of $371m, and Cristián Fabres, who advised BCI Securitizadora on the issuance of a $65m securitised bond. Other clients in the sector include Banco de Crédito e Inversiones, Deutsche Bank, BCI Corredores de Bolsa, Santander and Morgan Stanley
Chile : Corporate and M&A
Within Corporate and M&A, Guerrero, Olivos, Novoa y Errazuriz 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
Guerrero, Olivos, Novoa y Errazuriz covers all kind of contentious issues, from civil and commercial to administrative cases in addition to constitutional actions. The team's ‘high-quality service' attracts clients as much as the approachability of its practitioners, who are warmly praised for their ‘direct, honest and friendly approach'. It has been acting for the Chilean arm of British American Tobacco, Compañía Chilena de Tabacos, against CORFO in relation to the alleged profits gained from the 2007 Inverlink Brokerage fraud. The group also successfully represented Hidroenersur in the enforcement of a $48m land purchase agreement for the development of a hydroelectric project. Other clients include Manas Petroleum, IPR Chile, satellite TV provider TuVes and Compañía Minera Nova Ventura. Department head José Ignacio Jiménez stands out for his ‘solid procedural knowledge and experience'.
Chile : Energy and natural resources: mining
Within Energy and natural resources: mining, Guerrero, Olivos, Novoa y Errazuriz is a third tier firm,
Rated for its ability to handle a large variety of instructions for high-profile clients, Guerrero, Olivos, Novoa y Errazuriz has extensive experience in assisting companies in the mining industry with joint ventures, acquisitions and financing as well as on operational project matters, including litigation and negotiation before the relevant authorities. The team regularly advises British mining company Anglo American, for which it handled instructions including the acquisitions of Compañía Minera Disputada de Las Condes and Minera Montecristo, as well as the expansion of its Los Bronces project. The team represented Simbalik before the Chilean Nuclear Commission to obtain the authorisation to extract lithium at its project in the Salar de Maricunga, the first lithium licence to be granted since the enactment of the current mining code. It also advised CAP on its joint venture with Mitsubishi for the development, construction and operation of a desalinisation plant in the Atacama region to provide water to two mining ventures owned by Compañía Minera del Pacífico; and acted for International Copper Company on the purchase agreement for the acquisition of a medium-sized copper producer. Arturo Marín heads the team.
Chile : Energy and natural resources: oil and gas/power generation
Within Energy and natural resources: oil and gas/power generation, Guerrero, Olivos, Novoa y Errazuriz is a second tier firm,
Guerrero, Olivos, Novoa y Errazuriz's ‘level of service is second to none' – the team is ‘very well rounded in its set of skills' and ‘integrates corporate, financial and regulatory expertise'. Department head Clemente Pérez is noted for his ‘excellent contract drafting and negotiation skills', and his team ‘has immense knowledge of regulations and administrative processes'. The four-partner-strong team covers all kind of projects from traditional power generation to renewable energy, and has distinct niche expertise in the latter. A case in point was its instruction on sophisticated carbon credit transfers (a highly unusual procedure in Chile), and the team is often involved in the country's most important alternative energy projects. Recent highlights include advising NSL Power on a due diligence process for the acquisition and development of the $600m Lebu Sur wind farm project (the largest in South America in terms of capacity); assisting with the project financing for the development of four hydroelectric power stations; and successfully representing HidroAngol in a case concerning its Picoiquén hydroelectric plant.
Chile : Environment
Within Environment, Guerrero, Olivos, Novoa y Errazuriz is a second tier firm,
Guerrero, Olivos, Novoa y Errazuriz provides sophisticated environmental advice on transactions, acquisitions, project financing and energy-related litigation. It has experience across the alternative energy sub-sector (hydroelectric, solar, wind, thermoelectric and geothermal) and handles issues throughout the energy project cycle, from initial exploration to financing and sale transactions. The team comes under the umbrella of the broader energy, natural resources and environment group headed by Clemente Pérez, who previously served as director at the National Environmental Agency and also as deputy secretary of public works. Pérez and Cristián Fabres advised Hacienda Talinay on the sale of its 92% stake in wind farm Parque Talinay Oriente, which resulted in the first filing of a request for the partial transfer of environmental permits at the Chilean Environmental Agency. The firm also assisted NSL power with the environmental due diligence process of the largest wind farm project in Latin America, and acted for Nova Venture Mine on the environment impact assessment and permits for its $84m copper-iron project in the Tarapacá region.
Chile : Real estate
Within Real estate, Guerrero, Olivos, Novoa y Errazuriz is a second tier firm,
Urban planning and zoning specialist Martín Santa María is in charge of the small yet comprehensive real estate practice at Guerrero, Olivos, Novoa y Errazuriz. The team developed its activity in parallel with the growing presence of foreign real estate funds in the country; it is adept at real estate transactions, project developments and acquisitions, urban planning and zoning as well as real estate due diligence processes. Highlights included advising water company Aguas Andinas on zoning plan restrictions in relation to a number of sites in Santiago, and acting for Ripley on building authorisations in connection with a shopping centre.
Chile : TMT
Within TMT , Guerrero, Olivos, Novoa y Errazuriz is a second tier firm,
Telecom specialist Juan Enrique Allard heads the highly specialised practice at Guerrero, Olivos, Novoa y Errazuriz, which covers concessions, negotiations, litigation and the representation of clients before the telecommunications authority. The team is representing TuVes against Television Nacional de Chile in an unprecedented case in which the claimant challenges the right of satellite and cable service providers to freely transmit public digital TV channels. It also advised Tekelec on number portability and network neutrality matters. In 2011, managing partner Roberto Guerrero V was appointed to the board of the National Television Council, the body responsible for supervising Chilean TV's regulatory compliance. Other clients include Bloomberg, Yahoo! and Western Union International.
Chile : Tax
Within Tax, tier 4
Guerrero, Olivos, Novoa y Errazuriz impresses with its technical knowledge and receives plaudits for its ability to ‘protect its clients' interests by providing appropriate and accurate solutions to all matters'. Sebastián Guerrero leads the team, which regularly advises local and international companies on a wide range of corporate tax matters and handles complex tax issues in connection with mergers, acquisitions and corporate restructurings. The team is also adept at individual and estate tax planning. Guerrero assisted NSL on tax and corporate structures for its $600m purchase of a wind farm in southern Chile; advised Plansee on tax and corporate matters in relation to the $250m sale of shares in molybdenum processor Molymet, and acted for food manufacturer Empresas Carozzi on the spinoff of Industrias Carozzi. Associate Jaime del Valle is singled out for being ‘very focused, efficient and very knowledgeable'.
Further information on Guerrero, Olivos, Novoa y Errazuriz
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Offices in Santiago
- Banking and finance : Banking and finance
- Corporate and M&A : Corporate and M&A
- Dispute resolution : Dispute resolution
- Energy and natural resources: mining : Energy and natural resources: mining
- Energy and natural resources: oil and gas/power generation : Energy and natural resources: oil and gas/power generation
- Environment : Environment
- Real estate : Real estate
- TMT : TMT
- Tax : Tax