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ISIDORA GOYENECHEA 3477, PISO 19, LAS CONDES, SANTIAGO, CHILE
Tel:
Work +56 2 2472 7000
Fax:
Fax +56 2 2472 7001
Web:
www.moralesybesa.cl

Chile

Banking and finance
Banking and finance - ranked: tier 1

Morales & Besa

Morales & Besa is ‘a top Chilean law firm that has a reliable team of broadly experienced lawyers, who have strong knowledge of local market and international standards’. The practice covers investment banking and finance, including corporate finance, syndicated loans, and structured finance. It is also highly rated for project finance, derivatives, regulatory matters and debt restructuring; and has specific expertise in regulated sectors, such as energy and natural resources and infrastructure. Recent highlights saw co-founding partner Guillermo Morales act for Bank of America and Bank of America Merrill Lynch Banco Múltiplo in a high-value parent guarantee; and Myriam Barahona advised the bank lenders and bondholders on a successful insolvency procedure that aimed to restructure La Araucana’s $600m-plus debts. Other matters included José Miguel Carvajal leading advice to a syndicate of banks on the amendment of a financing granted to supermarket group, SMU; and in the projects area, Carlos Silva acted for Sociedad Concesionaria Nuevo Pudahuel on the financing for the expansion of Santiago’s international airport. On the regulatory side, the practice advised Bank of China, a state-owned commercial bank, on the obtaining of a provisional license to operate a branch in Chile. Matías Langevin and name partner Eugenio Besa are also highly rated.

Leading lawyers

José Miguel Carvajal - Morales & Besa

Myriam Barahona - Morales & Besa

Next generation lawyers

Ignacio Delpino - Morales & Besa

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Competition and antitrust
Competition and antitrust - ranked: tier 4

Morales & Besa

Morales & Besa recently hired former FNE anti-cartel unit head, María José Henríquez, as a senior associate. Active areas of work for the team include compliance with competition law regulations, complex investigations, M&A competition matters and litigation. The practice advised US truck manufacturer Navistar International on the Chilean competition law implications of its strategic alliance with Volkswagen Truck & Bus. Gonzalo Cordero is recommended.

Next generation lawyers

María José Henríquez - Morales & Besa

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

Morales & Besa

Growth in Morales & Besa’s practice saw the firm hire Álvaro Barriga, a former general counsel at a Saieh family investment conglomerate, Corp Group. The team regularly acts in private deals, public acquisitions and tender offers; it is also recommended for hostile takeovers, mergers, securities exchanges, capitalisations and leveraged deals. Eugenio Besa, Macarena Laso and Michel Diban advised Abraaj Group on its acquisition of a majority stake in Chilean home designer, Casaideas; and Matías Langevin assisted Endesa (now Enel Generation Chile) with the corporate reorganisation of Gas Atacama Group companies. Guillermo Morales and Carlos Silva are also key figures in the group.

Leading lawyers

Guillermo Morales - Morales & Besa

Next generation lawyers

Macarena Laso - Morales & Besa

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Dispute resolution
Dispute resolution - ranked: tier 4

Morales & Besa

Morales & Besa’s practice includes construction law and consumer protection cases. The team acted for Sociedad Concesionaria Nuevo Pudahuel, the Santiago airport concessionaire, before the Concessions Technical Panel, in a matter to determine a concession contract royalty payable to the Chilean Government. Gonzalo Cordero is ‘a thoughtful attorney, who is precise and straightforward’. Jorge Vial exited for CMS Carey & Allende.

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Environment
Environment - ranked: tier 3

Morales & Besa

Morales & Besa is experienced in advising on environmental regulations in mining, energy, and sanitary and infrastructure projects, including environmental legal due diligence work; the practice also regularly acts in environmental administrative proceedings, environmental damage liability cases and administrative proceedings, which sanction non-compliance with environmental resolutions. The team acted for Constructora Ingevec on the environmental issues related to a social housing project development in Santiago. Rodrigo Ropert is the key contact.

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Labour and employment
Labour and employment - ranked: tier 3

Morales & Besa

Morales & Besa’s ‘lawyers efficiently integrate both commercial and legal matters’. The team recently advised on labour law disputes, collective bargaining matters and ongoing labour law and immigration matters. Highlights saw the team successfully advise Bredenmaster on a collective bargaining agreement with two unions. Fernando Arab is ‘very precise and always available’.

Next generation lawyers

Rodrigo Sanhueza - Morales & Besa

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Morales & Besa

Morales & Besa’s ‘lawyers work fast, know their projects and and give good advice’. The firm is highly rated for its infrastructure credentials; it regularly advises on major transactions for significant local and international developers and banks, and its scope of practice covers bidding processes, developments, project structuring, financings, and M&A deals. Highlights included advising the lenders on the financing to Santiago Solar for the construction of a 115MW PV power plant; the team also provides ongoing assistance to Solairedirect with the structuring and development of PV projects in Chile, including rights over land, concessions, permits, mining rights and project agreements. Carlos Silva, Myriam Barahona, José Miguel Carvajal and Macarena Laso are highly rated. Other key contacts include Eugenio Besa and Matías Langevin.

Leading lawyers

Carlos Silva - Morales & Besa

Next generation lawyers

Sebastián Leyton - Morales & Besa

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Real estate
Real estate - ranked: tier 3

Morales & Besa

Morales & Besa regularly advises on the purchase, financing, development and construction of commercial, hotel, residential and housing projects; the team is also experienced in permits and infrastructure concessions, as well as the purchase, sale and lease of urban and rural land, and environmental law compliance. The team advised Constructora Ingevec, a major construction company, on several real estate transactions including the purchase of different properties and joint venture issues. Eugenio Besa, who is ‘great and provides very quick responses’, and Macarena Laso are the key practitioners.

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Tax
Tax - ranked: tier 4

Morales & Besa

Morales & Besa’s tax specialists are experienced in providing tax structures for complex business structures, particularly regarding foreign direct investment and cross-border financings. The practice also assists with tax compliance issues, IRS procedures and tax litigation. It acted for Inprolec on the tax structuring aspects of its sale to GE Energy Financial Services of 75% of the Los Guindos’ gas fired power plant. Francisca Pérez is ‘an excellent practitioner’.

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Chile: Energy and natural resources

Electricity/oil and gas
Energy and natural resources: electricity - ranked: tier 2

Morales & Besa

Morales & Besa regularly advises on renewable energy developments, transmission and distribution issues, and upstream and downstream oil-and-gas matters, as well as litigation, M&A deals, financings and regulatory matters; in the water sector, the practice advises investors and operators of water distribution and treatment operations. The team advised the lenders on a financing for Santiago Solar for the construction of a 115MW photovoltaic (PV) power plant. Carlos Silva and Eugenio Besa are the key contacts.

Next generation lawyers

Sebastián Leyton - Morales & Besa

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Further information on Morales & Besa

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Chile

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