Compliance in Chile

BCP Abogados

'Great for the technical quality and knowledge of its lawyers', BCP Abogados' ten-member team has a pre-eminent name in the market for its development and implementation of companies' crime prevention strategies in accordance with Law 20,393, which established the criminal liability of legal entities. Within the compliance practice group the firm houses specialists in criminal compliance, anti-corruption, asset laundering prevention and anti-terrorist financing. In addition, the group is experienced in complex litigation, defending economic criminal charges, tax crimes, crimes and corruption by officials, contentious administrative cases and civil litigation. Founding partner Matias Balmaceda is an expert in both criminal litigation and compliance, including the design and implementation of crime prevention models; he leads a practice group that houses a group of experienced senior associates Iván Millán ('exhaustive follow-up'), Rodrigo Aldoney ('stands out') and Antonia Bernales, who co-lead the practice alongside Balmaceda.

Practice head(s):

Matías Balmaceda; Iván Millán; Rodrigo Aldoney; Antonia Bernales

Testimonials

The firm’s lawyers stand out for their seriousness and professionalism.

Solid knowledge of the subject and comprehensive advice.

Committed lawyers.

Great for the technical quality and knowledge of its lawyers, and the dedication with which they address the different requirements of clients.

They have never taken more than 24 hours to respond to us; compared to other firms, their quality of service is outstanding.

They are capable of assembling an interdisciplinary team that covers all aspects of compliance.

Senior associate Iván Millán’s follow-up is exhaustive, proposing ideas for improvement that place our compliance standards above what the norm requires.

Senior associate Rodrigo Aldoney stands out for his experience – he knows how to design and execute compliance strategies and effective crime prevention models that give peace of mind to directors.

Key clients

Banco Santander Chile

Banco BCI

Tata Consultancy Service Chile

Metlife

Primus Capital

DCV

Transelec

70W

Tricot

Copefrut

Australis Seafood

INACAP

MH Inversiones

Liquidez Factoring

Inversiones III

Contempora Seguros Generales

Maestra

Globe

Esert

Work highlights

  • Assisted Empresas Falabella with the design and updating of its compliance programme.
  • Assisted Empresas CMPC with the design and updating of its compliance programme.
  • Assisted Banco Santander Chile (and branches) with the design and updating of its compliance programme.

Carey

'Standing out for its experience, knowledge and preparation', full-service market leader Carey's compliance and anti-corruption practice assists a wide range of foreign and local clients with corporate governance and regulatory and compliance matters, along with related disputes. In addition to its advice on the Chilean Corporate Criminal Liability Act, clients benefit from the team's provision of multi-jurisdictional advice in relation to corruption and money laundering matters. Also of note, the firm has been the Chilean legal partner of TRACE Anti-Corruption Bribery Systems since 2014. Civil and commercial litigation specialist Ricardo Reveco and co-head of the firm’s corporate and M&A group, Guillermo Acuña, advise companies on anti-corruption, corporate-crime risk management, internal investigations, ethics and compliance programmes, and anti-money laundering (AML) and counter-terrorist financing (CTF). Essential support is provided by highly-rated associate Pablo Albertz, 'a great asset and one of the few lawyers around who specialises in compliance'.

Practice head(s):

Guillermo Acuña; Ricardo Reveco

Testimonials

They stand out for their experience, knowledge and preparation, which results in remarkable effectiveness.

High availability, speed and productivity, coupled with passion and enthusiasm – they love their work!

Commitment and total involvement with the client; in our company they are considered part of our internal work team. Compared to other firms, I consider they are in the top 2%.

Associate Pablo Albertz is a great asset, and one of the few lawyers around who specialises in compliance.

Key clients

Iridium Concesiones de Infraestructuras

Empresas CMPC

Algonquin Power & Utilities

Wenco

Biogen

Manutara Capital

Work highlights

  • Advised Iridium Concesiones de Infraestructuras on the design and implementation of a compliance programme.
  • Advised Empresas CMPC on cybercrime risk mitigation measures.
  • Advised Algonquin Power & Utilities Corp on the adjustment of its policies, procedures and internal protocols to comply with Chilean anti-corruption laws and regulations (following its acquisition of drinking water company Essal).

Albagli Zaliasnik

‘The absolutely trustworthyAlbagli Zaliasnik fields an ‘outstanding‘ six-member compliance unit that is known as AZ Compliance and combines the firm’s experience in corporate law with its criminal-litigation expertise. Clients also benefit from the practice’s expertise in anti-corruption investigations and crime prevention models, with its range of work covering internal investigations, due diligence, compliance programmes, diagnostic audits and training. The principal practitioners are: managing partner and co-head of the corporate group, Rodrigo Albagli, whose broad practice includes the implementation of corporate compliance models and legal risk management; along with Eduardo Anguita, Jaime Winter and Daniela Hirsch, associate directors of the corporate, white-collar litigation and compliance groups, respectively. Since publication, Hirsch has moved in-house at Laboraorios Grünenthal and been replaced as head of compliance by May-2022 hire, Francisca Franzani , who was formerly a senior associate at Carey.

Practice head(s):

Eduardo Anguita; Jaime Winter; Rodrigo Albagli

Testimonials

The AZ team is absolutely trustworthy, and stands out in the market because of this.

The team is outstanding; these are people with high levels of knowledge.

This firm is dedicated to what it does, and the lawyers explain in a very concrete way the work to be done.

They show great seriousness and commitment, with clarity of information.

Key clients

Banco do Brasil

Fundación Hay Mujeres

Puma

Gasmar

Ria Financial

Indumotora

Pesco

Fuschs Gellona Silva

ViasChile

Tecno Fast

Cushman & Wakefield

DiDi

Work highlights

  • Assisted new client Indumotora with an internal policy review, as well as advice on regulatory compliance due diligence.
  • Assisted Tecno Fast with several compliance issues including a review of internal policies.
  • Completed a compliance programme for Vìaschile, which included a review of internal policies.

Barros & Errázuriz

'Covering highly complex tasks', Barros & Errázuriz's six-member team 'delivers quality solutions'; it has extensive experience in assisting and defending clients in relation to the Chilean rules on AML, anti-bribery and counter-terrorism financing legal frameworks. The team's lawyers have impressive expertise in internal investigations, administrative investigations, enforcement actions and compliance programmes, as well as advising on financial institutions' risk management. The team's key practitioners include Javier Díaz, the firm’s regulatory expert on financial and capital market transactions, who also handles securities litigation; M&A and capital markets specialist Cristián Barros, who has been actively involved in the development of the compliance department; and associate practice director Juan Cristóbal Schmidt, who plays significant roles in both the compliance and capital markets groups.

Practice head(s):

Javier Díaz; Cristián Barros; Juan Cristóbal Schmidt

Testimonials

Covering highly complex tasks and processes that require synergies between the members, the team delivers a quality service with quality solutions.

The lawyers perform to the highest standards.

The firm’s partners are lawyers with vast experience in various fields, and who have represented important entities and individuals over the years.

I would highlight the communication skills they possess, which are of great value.

Implemented the teleworking system very well, which has not delayed the fulfilment of their work with us.

Key clients

Agrosuper

Coca-Cola Embonor

Compass Group Administradora General de Fondos

Empresas Socovesa

AZ Andes Administradora General de fondos

Administradora De Fondos La Construcción

Caja de Compensación de Asignación Familiar 18 de Septiembre

Work highlights

  • Assisting Agrosuper with its compliance programmes.
  • Assisting Compass Group Administradora General de Fondos with its compliance programmes.
  • Assisting Coca Cola Embonor with its compliance programmes.

DLA Piper Chile

Providing 'a first-class service', the four-member compliance team at DLA Piper Chile, co-led by highly regarded partners Diego Noguera and Mauricio Halpern, has particular experience in sectors such as, forestry, mining, retail, energy, publishing and heavy industry. Noguera leverages off his extensive experience in corporate law and capital markets to assist with the identification of specific risks and potential conflicts of interest between private entities and public agencies; while Halpern, informed by his previous experience as in-house counsel, advises on risk assessment, internal control measures, fraud investigations, training, and internal and official reporting. The firm also fields a robust litigation department, while the white-collar practice (launched in 2019) is led by counsel Ignacio Schwerter. Further support is provided by regulatory compliance associate Andrea de la Vega.

Practice head(s):

Diego Noguera; Mauricio Halpern

Testimonials

DLA Piper provided us with a first-class service and comprehensive advice during our process of establishing a compliance area within the company.

Excellent availability and a high level of technical knowledge.

Mauricio Halpern and associate Andrea de la Vega provided great support and speedy responses.

Key clients

Finning

Constructora Excon

Acepta.com

Ediciones Santillana del Pacífico

Energía Llaima

American Tower Corporation

Work highlights

  • Assisted Finning Chile with regulatory compliance issues surrounding environment, health and safety matters.
  • Assisting Energía Llaima with the development of the company’s crime prevention model.
  • Assisted Acepta.com with the development of the company’s crime prevention model.

FerradaNehme

Housing a five-strong department, FerradaNehme has been developing preventative models and systems for its clients since 2008; and in 2013, the firm formally launched a compliance practice. The team is highly rated for its advice on complex compliance systems, in relation to competition, criminal law, environmental matters and data protection; and in 2020 broadened its practice through the inclusion of technology matters (in relation to privacy impact assessments). With a significant criminal litigation background, 'efficient and decisive' team head Rafael Collado is consistently sought out for his assistance with internal control procedures, criminal and administrative sanctions that apply to company directors, and new legislation. Also on hand is senior associate Lucía Álvarez, who advises on criminal-related compliance matters.

Practice head(s):

Rafael Collado

Testimonials

FerradaNehme has a very comprehensive vision of compliance, integrated with antitrust and data protection expertise, among other matters.

Its platform for the safe handling of documentation is of a very good level.

Excellent professionals, with a great combination of knowledge and experience in relation to the legislation in force in Chile.

Their reports are extremely solid, giving confidence to the company client when making decisions based on them.

Lawyers with vast experience and deep knowledge of the operations of a large and complex company.

The team is certainly very professional and has shown that it has vast compliance knowledge.

Main comparative advantage is that they have the ability to adapt.

Rafael Collado is efficient and decisive.

Key clients

BHP Billiton

Falabella

Novonordisk

Bupa Chile

Compañía de Aceros del Pacífico

Ab InBev Chile

Aguas Andinas

Compañía de Petróleos de Chile

Empresa Sanitaria de los Lagos

Pegasus Aviación

Work highlights

  • Advises BHP on regulatory compliance issues.
  • Assisting Bupa with the implementation of a general compliance system for Bupa group’s subsidiaries in Chile.
  • Advised Novo Nordisk on the development of a compliance programme.

Guerrero Olivos

'One of the most important law firms in Chile', Guerrero Olivos' four-member compliance group particularly stands out for its representation of companies from the mining and metals and energy sectors. The team was recently particularly active in the development of tailored compliance and crime prevention manuals, as well as regarding corporate protocols; its assistance ranges from business-model risk assessments to potential breach analysis, training, internal codes of conduct, and corporate regulations and procedures. The practice also regularly works alongside its corporate governance, competition, environment, tax, labour, banking and finance and regulatory colleagues on anti-corruption, corporate criminal liability, AML and freedom of information law issues. Team leader Pedro Pellegrini is a governance specialist, while associate Alejandra Leiton also plays an active role on compliance matters.

Practice head(s):

Pedro Pellegrini

Testimonials

Guerrero Olivos is one of the most important law firms in Chile, and has among its partners lawyers with diverse training and professional experience.

Comprehensive advice with a broad vision.

Pedro Pellegrini’s level of client service is extraordinary.

Key clients

Antofagasta Minerals

Randstad Chile

AES Gener

Empresas Carozzi

Air Products-Indura

Givaudan-Naturex

CAP

Pontificia Universidad Católica de Chile

Work highlights

  • Assisted Antofagasta Minerals with the development of a compliance manual for its entire group of companies.
  • Assisting Empresas Carozzi with compliance matters on an ongoing basis.
  • Assisting AES Gener and AES Corporation with compliance matters on an ongoing basis.

Prieto Abogados

Prieto Abogados' 'solid team' traditionally fields specialists in transaction-related compliance issues, but it has also extended its coverage to include anti-bribery and corruption due diligence, internal auditing, training, administrative sanctioning, compliance policy drafting, and designing internal compliance and crime prevention systems. The team can draw on the broader firm's expertise in the energy, TMT, insurance, real estate and private equity sectors (among others), and the practice group fully integrates specialised areas typically required for a full compliance programme, such as antitrust, labour law, environment and corporate law. 'Excellent practice leader', José Andrés Pascual Moreno has vast experience in compliance and anti-bribery matters and particular expertise in corporate compliance issues. Key assistance comes from 2017 associate-hire Diego Madariaga who assists with compliance and anti-bribery work.

Practice head(s):

José Andrés Pascual Moreno

Testimonials

Prieto Abogados stands out for its impeccable management and efficient and fast advice on corporate and compliance issues.

They anticipate risk situations and stand out because the lawyers are always available for our needs as a company.

The friendliness and professionalism of the partners and associates are outstanding characteristics.

A solid team that is always available.

José Andrés Pascual Moreno is always available to manage and resolve risk situations quickly and efficiently.

José Andrés Pascual Moreno is an excellent practice leader, who is very attentive to clients and delivers solid and fast answers.

Key clients

Watt’s

Engie Energía Chile

Institute Chile

Mediapro Chile / Mediapro Móviles Chile / Mediapro Contenidos Chile

PedidosYa Chile

Isapre Consalud

Pernod Ricard Chile

Work highlights

  • Advised Aguas Andinas, Chile’s largest sanitation company, on the sale of a 51% stake in ESSAL (through its subsidiary Inversiones Iberaguas), which included the review of its internal compliance and crime prevention model.
  • Assisted Nova Austral (a key player in Chile’s salmon industry) with the design and development of its new crime prevention programme.
  • Assisting Watt’s (an important player in Chile’s food market) with the ongoing updating of its crime prevention programme.

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos' multi-disciplinary, four-member team consistently works alongside the firm's tax, IP, labour, regulatory and litigation departments. Representative work includes advising on the prevention of (or response to) criminal and administrative infringements, in relation to internal fraud, prosecuting authorities' interrogations, and the defrauding of third parties; the practice also assists with the implementation and monitoring of compliance models. In addition to heading the firm's white-collar practice, the 'highly recommendedJorge Boldt (a partner since 2018) is the lead compliance adviser; key support is provided by associate Lorena Avendaño.

Practice head(s):

Jorge Boldt

Testimonials

Great knowledge of various matters that can cause risks and losses to  companies.

Undoubtedly highly trained people.

Jorge Boldt is highly recommended and has great availability.

Jorge Boldt is great for his handling of various matters that help reduce risks, and he provides fast and reliable solutions.

Key clients

B Braun

BHP

Coca-Cola

Medtronic

Soprole

Maersk

Work highlights

  • Advised Coca-Cola Chile on criminal liability prevention matters.
  • Assisted B Braun with the improvement and certification of its compliance programme, in accordance with Chilean law.

Estudio Lewin Abogados

The August 2020 incorporation of Marco Mercado as of counsel at Estudio Lewin Abogados considerably reinforced the firm's compliance and litigation practices; Mercado brings expertise as a former criminal prosecutor and FNE (National Economic Prosecutor) officer, as well as his recent four-year stint as Falabella's corporate compliance management head. The team consistently works alongside companies' counsel and boards, in relation to the design, implementation and management of compliance programmes; it also conducts internal investigations. The practice group can additionally draw upon the experience of name partner Nicolás Lewin, and Fernando Araya, who both have experience in competition-related compliance programmes.

Practice head(s):

Marco Mercado; Nicolás Lewin; Fernando Araya

Key clients

Baxter

Salcobrand

Falabella Group

Derco

Australis

Work highlights

  • Assisted Baxter with the design and implementation of an integrated compliance programme.
  • Assisted Australis Seafoods with the design and implementation of an integrated compliance programme.
  • Assisting Falabella (on an ongoing basis) with its competition compliance programme.

Honorato | Delaveau

'Tailored to clients' needs', Honorato | Delaveau's team is strategically focused on the detection, treatment, and mitigation of risks, in relation to corruption, financial crime, unlawful competition, tax crimes and consumer violations, along with data protection, information security, labour-related violations and environmental matters. Director Carlos Frías, an experienced compliance lawyer (particularly in the financial sector), served as GC and compliance manager for Moneda Asset Management for almost a decade; specialised in criminal law matters, fellow director Rebeca Zamora ('vast knowledge and experience') advises compliance officers on the development of their activities, particularly in relation to investigations and internal audits.

Practice head(s):

Carlos Frías; Rebeca Zamora

Testimonials

The management of the team generates confidence.

Connected to the realities of the businesses they advise.

Specialises in delivering a service that is tailored to clients’ needs.

The team of lawyers have great knowledge of regulatory issues, are up to date with them, and are willing to deliver a response to our queries in a timely manner.

They are more assertive than other teams I have worked with, and take the time to explain the rules, providing good support.

Understands the problems easily and proposes comprehensive solutions.

Director Rebeca Zamora has vast knowledge and experience; she gives me complete advice, not only on a theoretical basis but also at a practical level.

‘Rebeca Zamora has great communication skills, so we hired her to carry out internal trainings that have been very well evaluated by the attendees.

Key clients

Grupo SAAM

Citelum

Team Food

Regum

Credicorp Capital

Inmobiliaria Manquehue

Imagina

San Anonio Terminal Internacional

Clínica Alemana

PL Compliance

Open Trading

Transelec

Intervial

Aela Energía

Work highlights

  • Advisiing Grupo SAAM on the application of its compliance and crime prevention programme.
  • Assists Citelum (on an ongoing basis) with the application of its prevention model.
  • Ongoing assistance to Team Food with the development, updating, and implementation of its crime prevention programme.

Urenda, Rencoret, Orrego y Dörr

Urenda, Rencoret, Orrego y Dörr's 'excellent team is always up to date'. The six-strong group is regularly sought out for its compliance assistance with the adaptation and implementation (including training) of internal corporate policies and codes, in relation to anti-corruption, competition, data protection, securities, and labour and environmental law. It is also on hand to assist international clients with their compliance programmes, in relation to both the Foreign Corrupt Practices Act and UK Bribery Act. The key contacts are name partner Alberto Rencoret (labour law-related compliance) and Nicholas Mocarquer (compliance-related anti-corruption, competition and data protection), along with Ignacio Urrutia (compliance-related environmental matters).

Practice head(s):

Nicholas Mocarquer; Alberto Rencoret

Testimonials

An excellent team that is always up to date.

Dedicated to clients.

Key clients

Ferrero Group

Dow

Kelar

Kospo Power Services

Sony

Tánica

Inmobiliaria Mall Viña del Mar

Aceros Aza

Pearson

Corteva

Work highlights

  • Assisted Aceros Aza with updating its crime prevention programme.
  • Assisted Corteva with its internal training on competition law-related compliance issues.
  • Advised Pearson on the issues to consider for the transformation of its sales platform to a B2C platform, which included compliance with Chilean regulations on data protection, consumer protection, bribery and corruption.