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EL GOLF 40, PISO 13-14, LAS CONDES, SANTIAGO, CHILE
Tel:
Work +562 2280 5000
Fax:
Fax +562 2280 5001
Email:
Web:
www.prieto.cl

Chile

Banking and finance
Banking and finance - ranked: tier 3

Prieto

Prietoprovides excellent response times, has in-depth knowledge and represents great value for money’. The firm is noted for its experience in domestic and international syndicated loan agreements, predominantly on the debtor’s side; project finance; and debt placements. The team also advises on debt recovery matters, financial restructurings, and bond issues. Highlights saw the team act for a special purpose company, and its sponsors, in the negotiations for the financing for the construction, development and operation of a trunk electricity transmission line; it also advised the ad hoc group of bondholders of Automotores Gildemeister on the restructuring of $700m bonds. Patricio Prieto L is ‘an excellent lawyer’ and Gerardo Cruzat is also highly rated.

Next generation lawyers

Gerardo Cruzat - Prieto

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Prieto

Prieto is ‘characterised by the care its capable, professional and experienced lawyers have for their clients’. The practice recently acted in high-profile litigation cases before the TDLC, involving the retail, dairy products, energy and transport sectors. It also advised on several cartel and abuse of dominant position investigations conducted by the FNE; assisted with M&A issues during FNE investigations and complex merger approvals cases before the TDLC; and implemented compliance programmes for companies and trade associations. Recent work includes defending supermarket chain SMU against FNE’s claim of alleged infringement of merger approval conditions imposed by the TDLC. Benjamín Grebe is ‘an excellent practitioner’ and Manfred Zink is a highly regarded senior associate.

Leading lawyers

Benjamín Grebe - Prieto

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Corporate and M&A
Corporate and M&A - ranked: tier 2

Prieto

Prieto has significant M&A experience in complex cross-border deals, private equity transactions and joint ventures. The team was recently particularly active in transactions in the insurance, social security funds-management and energy sectors, and it also has significant retail-sector experience. In addition, the M&A group benefits from the firm’s tax, labour, corporate, environmental and litigation departments. Highlights included advising Inversiones La Construcción, the Chilean-based holding of Chilean pension fund AFP Habitat, on its association agreement with Prudential Financial, the insurance and pension funds group. It also assisted Chile’s Watt’s with the acquisition of Danone’s business in Chile. Department head Juan Tagle and Fernando Bravo are recommended, along with ‘excellent lawyer’ Cristóbal Villarino and Jaime Ríos, who ‘knows almost everything about corporate law and is creative and innovative when solving M&A problems’. Other highly-rated advisers include Gerardo Cruzat, José Andrés Pascual and Patricio Prieto S.

Leading lawyers

Juan Tagle - Prieto

Next generation lawyers

Cristóbal Villarino - Prieto

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Dispute resolution
Dispute resolution - ranked: tier 3

Prieto

Prieto regularly represents longstanding clients before arbitrators and the ordinary courts in disputes involving the energy, construction, real estate, and retail sectors; and recently the practice saw growth in its insurance and transportation-related disputes work. At Supreme Court level, it successfully defended power transmission group Transmisora Eléctrica del Norte (TEDN), against lawsuits brought against it by Minera Pampa Fénix, which requested the nullity of resolutions authorising TEDN to constitute an electric easement. Alberto González V is ‘a skilful lawyer, who generates confidence’; and Fernando Samaniego and Claudio Undurraga are also key advisers.

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Environment
Environment - ranked: tier 3

Prieto

Prieto’s environmental department regularly conducts due diligence on high-profile M&A transactions; it also handles negotiations and administrative law procedures before Chile’s environmental law authorities, including contentious cases and issues surrounding environmental compliance and permits. Alejandro Ruiz departed to become an Environmental Court judge in 2016 but has been replaced by associate Aldo Cardinali who joined as environmental team head from Morales & Besa. Key support comes from specialist associate Sofía Hübner.

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Insurance
Insurance - ranked: tier 2

Prieto

Prieto’s client base includes insurance companies, re-insurance companies and insurance brokers. The firm acts in insurance claims and insurance recoveries in relation to risks, such as fire, earthquake and business interruption; and it is also recommended for its negotiation of tailor-made insurance policies and advising in claims adjusting processes. In addition, the practice has extensive experience in dealing with Chile’s insurance market regulator, the Superintendence of Securities and Insurance, with regard to the formation of insurance companies, drafting new policies, compliance, and risk management programmes. The team acts for Assurant Chile Compañía de Seguros Generales on an ongoing basis; and assists Colmena Compañía de Seguros de Vida with compliance matters, insurance product distribution, policy drafting and claims procedures. Team head Jaime Ríos and Patricio Prieto L are recommended, and Alberto González V is a key litigator.

Leading lawyers

Jaime Ríos - Prieto

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Labour and employment
Labour and employment - ranked: tier 3

Prieto

Prieto’s team regularly defends the firm’s clients in labour litigation matters and assists with collective bargaining procedures; it is also recognised for labour-related corporate advice. Active clients of the practice include Engie Energía Chile, Sodexo Chile, Plaza and Yamana Gold. Christian von Bergen and senior associate Cristóbal Raby are the key advisers.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Prieto

Prieto is well reputed for its experience in energy and infrastructure projects. The team regularly represents private and public sector clients in tender processes, construction issues and project development; and it fields lawyers with robust regulatory and litigation experience. It acted for Engie Energía Chile in the drafting and negotiation of a hydrated lime supply agreement. The key names are Juan Tagle, Claudio Undurraga and Fernando Bravo.

Leading lawyers

Juan Tagle - Prieto

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Public law
Public law - ranked: tier 3

Prieto

Top-notch law firmPrieto is particularly focused on public law issues in the energy sector, as well as the water industry and project development. The practice advised Portuaria Lirquen on public law issues involving its maritime concessions, including registration matters. Fernando Samaniego is ‘a reliable and skilled lawyer’ and senior associate Carolina Helfmann is also recommended.

Next generation lawyers

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Real estate
Real estate - ranked: tier 3

Prieto

Prieto assists with the acquisition, development and construction of large real estate projects; the scope of work includes tax planning, corporate, land use, environmental and construction issues. Highlights included advising Inversiones La Construcción on the sales agreement with Administradora de Fondos de Pensiones Habitat regarding several offices, parking spaces and warehouses. Fernando Samaniego and Cristóbal Villarino are recommended.

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Tax
Tax - ranked: tier 3

Prieto

Prieto regularly advises on the tax aspects of projects in the energy, ports and public utilities sectors. The firm also has a strong tax litigation team and tax planning practice for family offices and individuals. It advised the ad hoc group of bondholders of Automotores Gildemeister on the tax structuring of the restructuring of $700m’s worth of bonds. Mario Gorziglia and Leonidas Prieto are recommended; and associate Cristián Bay-Schmith is also highlighted.

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Chile: Energy and natural resources

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

Prieto

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

Prieto

Prieto has longstanding expertise in the energy, gas and water and sewage sectors; the practice has robust experience in advising developers and owners on renewable energy projects, and its regulatory and litigation team regularly acts on administrative procedures, disputes and arbitrations in the energy sector. The team acted for Engie Energía Chile in an electricity transmission-line project bidding, which aimed to select a strategic partner for its subsidiary Transmisora Eléctrica del Norte; the firm’s role included assisting with the transference of shares to the awarded bidder and corporate governance issues. The key advisers include Claudio Undurraga, Jaime Ríos and Fernando Bravo, along with Juan Tagle and José Andrés Pascual.

Leading lawyers
Next generation lawyers

Camila Kutz - Prieto

José Andrés Pascual - Prieto

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Mining
Energy and natural resources: mining - ranked: tier 3

Prieto

Prieto acts for mining companies in mineral tenure matters, due diligence issues, joint ventures and options, and the acquisition of companies and projects. Recent mandates included the practice’s advice to Engie Energía Chile on various matters, including mining easements and concessions; the team also acted for Sibelco Chile in the negotiation and drafting of a limestone supply contract with Codelco. Juan Tagle and the ‘particularly good’ Alberto González E are highly rated; Camila Kutz is a key associate.

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