Garrigues Chile > Santiago, Chile > Firm Profile

Garrigues Chile
ISIDORA GOYENECHEA 3477
PISO 14,LAS CONDES
SANTIAGO
Chile

Chile > Banking and finance Tier 2

Garrigues Chile's 12-member banking and finance department routinely advises major Chilean and international banks as well as significant international and domestic corporate clients. Recent activity for the team focused on the acquisition of financial assets, project finance, restructurings, and corporate lending. The group is led by financing, capital markets and projects specialist Pedro García Morales, while the workload of fellow partner Jaime de Larraechea covers, project financing, structured finance, corporate lending, debt restructuring and regulatory issues. The second line of key advisers features debt restructuring and project finance expert Antonio Morales; and senior associate Ignacio Vargas, who is experienced in asset, acquisition and project finance, along with the restructuring of debt deals. At senior associate level the office saw the departures of Federico Espinosa and María Francisca Correa (for Cuatrecasas and energy company AES Andes, respectively) during the course of 2022.

Practice head(s):

Pedro García

Testimonials

Availability at all hours, always with a good delivery and predisposition.

Their way of interacting and eloquence when imparting information. I would highlight Antonio Morales.

Legal team specialised in the energy area with very good response times and the flexibility to understand client needs and achieve solutions to the inconveniences of the closing process.’

Antonio Morales stands out for his excellent attitude to participate and seek solutions for his clients and counterparts, as well as his technical knowledge in the field of energy – and also for his compliance with delivery times.’

Key clients

Banco de Chile

Banco Santander-Chile

BCI

Banco del Estado de Chile

Itaú Corpbanca

Scotiabank

Itaú Corpbanca

Banco BICE

Banco Security

Banco Consorcio

JPMorgan

Citi

BNP

Credit Agricole

Natixis

Banco Santander

BBVA

SMBC

MUFG

HSBC

Macquarie

ENAP

Grupo GTD

Nala Renewables

Langa

Work highlights

  • Advised Sacyr on a sustainability-linked syndicated facility (with 14 financial entities) to refinance €355m of corporate debt.
  • Advising Nala Renewables Chile on a $112m credit agreement.
  • Advised Empresa Nacional del Petróleo on an unsecured corporate loan granted by Mizuho Bank.

Chile > Capital markets Tier 2

The sizeable capital markets team at international law firm Garrigues Chile is consistently sought out for major bond issuances in both Chile and internationally. Acting for both issuers and underwriters, recent work covered sovereign and domestic bonds, as well as MTN programmes. Leading the practice, Pedro García has longstanding experience in debt securities, equities, liability management, derivatives and regulatory issues. García is supported by funds head José Miguel Rioseco, whose practice incorporates advice to investment fund managers on regulatory matters; and Jaime de Larraechea, an expert in the issuance of securities. A key member of the firm’s securities market law and banking and finance departments, Daniel Hernández was promoted to principal associate in early 2023, while the practice of associate Macarena Fuentes also includes local and international bond issues.

Practice head(s):

Pedro García

Testimonials

Garrigues’ lawyers represent a perfect balance between knowledge of the local and international markets.

Compared to other teams, Garrigues stands out for its openness and willingness to study issues in their very preliminary stages, which is very valuable for us banks.’

Garrigues has recruited highly experienced professionals in the area of financial institutions. Pedro García is the name to note.

Garrigues has a regional network that functions as such, giving access to its clients in the geographies relevant to their operations.’

The extensive knowledge of the local and international capital markets, added to the closeness and willingness of Pedro García and his team, is a benchmark in the market, not only because of his knowledge but also because he is available to help.

Key clients

Banco BICE

BCI

Banco Santander-Chile

Scotiabank Chile

Banco del Estado de Chile

Santander Securities

JPMorgan

Goldman Sachs

Morgan Stanley

Credit Agricole

BNP

Scotia Securities

HSBC

ENAP

Falabella

Colbún

Work highlights

  • Advised Citigroup Global Markets, HSBC Securities USA, Santander Investment Securities and Scotia Capital (USA) on the issuance by the Republic of Chile of $4bn in USD-denominated sustainable bonds.
  • Advised BancoEstado, as local bonds trustee for LATAM Airlines Group (in relation to the Chapter 11 filing made by LATAM in New York).
  • Advised Falabella on an approximately $195m bond-issuance.

Chile > Real estate Tier 2

With ‘great experience in the real estate sector’, the eight-member team at Garrigues Chile has broad expertise in residential, commercial, office and multi-use projects. The group advises clients at all stages of project development, from the financing, tax structuring and regulatory aspects, to the acquisition, development, construction, sale and lease of real estate projects. Heading up the department, José Miguel Rioseco has longstanding experience in real estate financings and development; while Luis Eduardo Correa acts for international and domestic real estate investment funds (institutional and retail), real estate developers, and service providers on both transactional and day-to-day matters. In the Santiago office’s associate pool, principal Eduardo Tirado is a late 2021 hire from Barros & Errázuriz who ‘strengthened its real estate practice considerably’; and seniors María Cecilia Morandé and Catalina Berrios Vergara (the latter recently promoted) are also key team members.

Practice head(s):

José Miguel Rioseco

Testimonials

The level of knowledge and ability to design strategies are really remarkable, and denote a deep knowledge of the market and businesses in which the firm operates.

A team that is very committed to its clients and knows a lot about both the real estate and commercial markets – highly involved in every transaction.

They know the market very well and get very involved.

Great experience in the real estate sector.

Garrigues strengthened its real estate practice considerably when  it hired principal associate Eduardo Tirado – a real success for Garrigues.

Eduardo Tirado – in addition to having experience in the real estate sector and up-to-date knowledge, this is a lawyer with great credentials and clarity when dealing with complex cases.

Eduardo Tirado and senior associate Catalina Berrios Vergara stand out. The work they have developed has allowed Garrigues to position itself as one of the relevant players in real estate law.

Key clients

Credit Suisse Asset Management

Asset Chile AGF

Inmobiliaria Santiago

Ameris Desarrollo Inmobiliario

SMU

Gtd Intesis

Inmobiliaria Parque El Rodeo

Inmobiliaria Matiz Cavancha

Inmobiliaria JY

Reserva Tehualda

Grupo Loga

Work highlights

  • Advising Credit Suisse Real Estate Fund International and Credit Suisse Asset Management on the sale of its entire office rental portfolio in Chile.
  • Advising Asset Chile on the acquisition (from the Nahmias Group) of a building comprising 292 flats, plus parking spaces and warehouses.
  • Advising Ameris Capital and Ameris Desarrollo Inmobiliario 7 on the structuring of several preferred lender operations for a private real estate investment fund (managed by Ameris Capital).

Chile > Corporate and M&A Tier 3

Garrigues Chile fields corporate law, M&A, governance and finance specialists who have substantial experience in energy, telecoms, real estate and private equity matters, with the 21-strong M&A department particularly active in domestic and cross-border M&A, corporate reorganisations, and joint ventures. With over 25 years’ experience in corporate and M&A, practice head Luis Felipe Merino routinely advises on cross-border deals; Rodrigo Fernández's recent caseload includes energy, telecoms, entertainment and construction sector mandates; Jaime de Larraechea is a corporate transactions specialist; and Cristóbal Fainé advises on energy and corporate law. Principals Hellen Brockway and Carlos Arias, along with senior Constanza Velásquez, are the associates to note.

Practice head(s):

Luis Felipe Merino

Key clients

Credit Suisse

GL events

L-Catterton

Arroyo Energy

Bemobi Mobile Tech

Nala Renewables

Empresas Gasco

Mac Clure Lyon

Marubeni

Work highlights

  • Advised Nala Renewables on the acquisition of a portfolio of photovoltaic projects in Chile from Solek.
  • Advised Empresas Gasco on a competitive process in which it participated alongside Energía Latina to acquire 50% of Inersa and Terminal Gas Caldera.
  • Advising Mac Clure Lyon on the sale of Lecherías Loncomilla and ice-cream brand “San Francisco” to food company Carozzi.

Chile > Dispute resolution: arbitration Tier 3

Garrigues Chile's ‘fantastic team' focuses on a range of areas, including corporate disputes and major construction arbitrations, while clients notably benefit from the firm’s enviable international network. In recent work, the team acted in an international dispute involving a concessionaire, as well as a major claim concerning a mining company. The first Chilean female arbitrator to be appointed as president of an ICC arbitral panel, dispute resolution leader Mónica van der Schraft has a strong and lengthy track record in high-stakes arbitration proceedings. In January 2023, Cristóbal Sarralde (‘very committed to his work'), and José Joaquín Verdugo, who are both experienced in domestic and international arbitration proceedings, were promoted to counsel and principal associate, respectively.

Practice head(s):

Mónica van der Schraft

Testimonials

A fantastic team with very pleasant lawyers.

Very good availability from lawyers who answer quickly.

Professionally, they are really committed to clients – without a doubt their support is above expectations and very detailed.

Great ability to explain matters in non-legal terms to people who are not lawyers.

Mónica van der Schraft has the ability to understand very complex and technical topics with impressive speed.

Principal associate Cristóbal Sarralde is really precise and very committed to his work. If he says that he is going to send something on a date, he always complies.

Cristóbal Sarralde is totally proactive and always manages to move matters forward, which makes the work flow with great agility and fluidity.

Chile > Dispute resolution: litigation Tier 3

Fielding ‘a team that brings together talent and diversity at the highest level', Garrigues Chile's recent caseload includes significant corporate and commercial disputes as well as construction and real estate litigation. Other active areas range from consumer protection class actions, insurance claims and antitrust disputes, to tax conflicts and administrative law-related litigation. ‘An excellent litigator and strategic adviser', dispute resolution head Mónica van der Schraft is highly regarded and maintains a broad litigation practice. Notable growth in the practice group includes the January-2023 promotion of civil and commercial disputes specialist Cristóbal Sarralde to counsel; and the elevation of José Joaquín Verdugo -whose track record takes in mining, construction, energy and corporate law-related disputes- to principal associate.

Practice head(s):

Mónica van der Schraft

Testimonials

A team that brings together talent and diversity at the highest level.

For companies with a strong commitment to raising ESG standards, having firms that share and promote such values is essential.

Excellent coordination between the different members of the team, who are capable of understanding and resolving complex cases, achieving satisfactory results for clients.

They differ in that they adapt to different negotiation environments, achieving favourable results for their clients.

Monica van der Scharft is both an excellent litigator and strategic adviser.

Counsel Cristóbal Sarralde should be highlighted for his extensive knowledge and decision-making powers.

Energy and natural resources > Electricity and hydrocarbons Tier 3

Garrigues Chile‘s 10-strong multidisciplinary energy department routinely advises on the financing, development and regulatory aspects of large energy projects. The practice also advises energy, oil-and-gas and natural resources companies and private funds on M&A deals. Team leader and corporate, M&A and regulatory expert, Luis Felipe Merino advises on electricity generation project developments; Cristobal Fainé is experienced in both energy and corporate work; Pedro García is an energy finance specialist; and Rodrigo Fernández's experience covers renewable energy asset-related deals. In a boost to the team, Diego Perales, who advises energy sector companies on day-to-day issues and disputes, joined as of counsel in November 2022 from the CNE (the Chilean Energy Regulatory Agency), where he served as legal department head for three years.

Practice head(s):

Luis Felipe Merino

Key clients

Arroyo Investors

Gasmar

Guacolda

Nala Renewables

Parque Eólico El Arrayán

Gasco

Empresa Eléctrica Puente Alto

Work highlights

  • Advised Arroyo Investors on the sale of its stake in ARCO Energy.
  • Advised Parque Eólico El Arrayán on the negotiation of a long-term O&M contract with Siemens Gamesa for the operation of a wind farm.
  • Advising Guacolda on the corporate and contractual aspects of the coal energy generation industry.

Chile > Projects and infrastructure Tier 3

Well known for energy and infrastructure projects, Garrigues Chile’s sizeable department fields specialists in developments, bids, financings, project contracts, and regulatory matters. The Santiago office is also able to leverage the firm’s impressive global network on behalf of Chilean clients, as well as international clients operating in Chile. Department head Pedro García specialises in the development and financing of infrastructure and energy projects; Antonio Morales is a renewable energy project finance expert; and the projects practice of public law head and of counsel Claudio Moraga covers construction contracts, regulatory issues, litigation and bidding processes. In the firm’s associate ranks, senior Ignacio Vargas and Santiago Mesía both advise lenders, borrowers and sponsors on energy and infrastructure, along with corporate work.

Practice head(s):

Pedro García

Testimonials

One of the most experienced in Chile for project financing.

A lot of commercial knowledge and knows the most relevant players in the market, which makes it easier to carry out transactions.

Pedro García stands out for his great knowledge, not only of financing, but also of projects and energy in general.

Key clients

Nala Renewables

Toesca Créditos Energía Renovable Fondo de Inversión

Corporación Interamericana para el Financiamiento de Infraestructura

The Bank of Nova Scotia

Scotiabank Chile

BNP Paribas

Andean Telecom Partners Chile

Langa Chile

Work highlights

  • Advised Nala Renewables Chile on a $112m financing for the construction, operation and development of solar photovoltaic plants.
  • Advised Toesca Créditos Energía Renovable Fondo de Inversión on a secured corporate loan that was granted by Banco de Crédito e Inversiones.
  • Advised Corporación Interamericana para el Financiamiento de Infraestructura on a credit agreement for the construction, operation and development of solar photovoltaic plants.

Chile > Tax Tier 3

Garrigues Chile’s tax planning specialists frequently leverage the labour, corporate, banking, finance and projects expertise of the firm’s international network during complex transactions. The team is also experienced in real estate taxation, private client work, and tax disputes. Group leader Oscar Ferrari assists with the tax planning side to transactions, as well as tax litigation; while at senior associate level, María Jesús Hidalgo Larraín advises on corporate and restructuring-related tax planning, and domestic and international taxation; and Magdalena Casenave Prat (who was promoted in January 2023) focuses on advisory matters and the implementation of corporate and equity restructurings, and M&A. Former counsel Sebastián Ferrer Del Valle and senior associate Juan Pablo Obaid left in April 2022 and May 2023, respectively, since when the firm has hired Ignacio Campino - formerly at PCM Abogados - as a partner (effective June 2023).

Practice head(s):

Oscar Ferrari

Key clients

Komatsu

DERCO

Sodexo

BICECORP

Embotelladora Andina

Tecno Fast

Colbún

Empresas CMPC

Parque Arauco

GTD Group

Work highlights

  • Advised DERCORP on the tax aspects of its domestic and cross-border restructuring.
  • Representing Pesquera Friosur in a $150m tax audit launched by the IRS, as well as in a dispute before the Tax Court.
  • Assisted ATP with several tax matters.

Chile > Labour and employment Tier 4

The five-strong labour and employment practice at Garrigues Chile is increasingly advising on the recently-enacted Chilean immigration law. The team also specialises in collective bargaining, its advice covering assistance with unions, federations and unfair practices, as well as providing a robust labour litigation offering and routinely assisting with transactional labour due diligence matters. In a significant boost, group head Bárbara Vera, a specialist in collective bargaining and union issues, was raised to partner in early 2023; and senior labour law associates Ricardo Eckardt and Juan Ignacio Chamorro were recruited during 2022 from Grupo Vial Abogados and the former Aylwin Mendoza Luksic & Valencia – AMLV, respectively. Former senior associate Tomás Larrain recently departed for Equitat Abogados Laborales.

Practice head(s):

Bárbara Vera

Testimonials

Technical knowledge and coordination between the members of the practice.

The follow-up of issues is very good, which makes it very easy for us because we feel that they are aware of our affairs.

The team is always available and their advice is concise and detailed: Bárbara Vera Ricardo Eckardt Juan Ignacio Chamorro.

Key clients

Codelco Chile

Gtd Group

Compañia Cervecerías Unidas

Softys

Empresas CMPC

Teck Resources

Ocean Spray

Adidas Chile

Grupo Eulen

Fidelidade

Guacolda

Gasmar

Ates Ingenieria y Servicios

Murex Chile Andino Pacifico

Lockton

Miniso

Sadia (Brf)

Work highlights

  • Assisted Telsur with a collective bargaining process with its union, which has over 400 affiliated employees.
  • Defending Ingeniería y Construcción Nahmías Hermanos in a labour lawsuit that was filed by a former employee who alleges that his loss of hearing and silicosis are job-related.
  • Defending Gtd (and some of its affiliates) in a labour lawsuit filed by a former employee, who is alleging that the employer breached its employment contract obligations.

Chile > Public law Tier 4

Garrigues Chile‘s four-member public law practice is particularly experienced in advising concessionaire companies on the management of concession contracts with the Ministry of Public Works. Other key areas include public tenders, and the implementation of public-private partnerships involving telecoms, toll roads, public transport and airports. The department also has a robust administrative litigation practice. The practice is led by of counsel Claudio Moraga, who has ‘vast administrative law experience‘. At associate level, principal Sebastián Hassi routinely acts for public works concessionaires, while junior Isabel Canales advises on public tenders. Former senior associate Francisco Irarrázaval left the firm in March 2022.

Practice head(s):

Claudio Moraga

Testimonials

Of counsel Claudio Moraga is a lawyer with vast administrative law experience and knowledge. He is very up-to-date with jurisprudential developments, and is also very thorough and accurate in his analyses.

They have lawyers with extensive experience in administrative law, an issue in which we sought support.

We arrived at the firm seeking the participation of the lawyer Claudio Moraga and the experience working with Garrigues has been very good.

Very experienced and high quality team to resolve doubts and prevent conflicts in the public law of Chilean legislation.

Claudio Moraga has outstanding quality and knowledge that makes him the ideal advisor when reviewing projects that involve the State and Chilean public law.

Key clients

Rutas del Limarí

Intervial Chile

Ruta del Loa

Valles del Desierto

Ruta de la Araucanía

Ruta de los Ríos

Rutas del Pacífico

Rutas del Desierto

GTD Teleductos

Scotiabank

Colmena Golden Cross

Sociedad Concesionaria Costanera Norte

Terminal Marítimo Patache

Sacyr Chile

Sacyr Operación y Servicios

Work highlights

  • Advised Ruta del Loa Sociedad Concesionaria on the amendment of its concession.
  • Defending Sociedad Concesionaria Ruta del Limarí (holder of the Concession Improvement and Conservation of Route 43 in the Coquimbo Region) against a discrepancy claim over sums owed, which was filed by the Ministry of Public Works.
  • Defending Ruta de la Araucanía (owner of the Concession Route 5 Collipulli-Temuco Section), against a constitutional injunction filed by the owner of a restaurant, who claimed to have been affected by the construction of public works.

Chile > Competition and antitrust

The competition practice at Garrigues Chile is led by experienced counsel (and former FNE mergers division leader) Mario Ybar, whose practice focuses on antitrust, litigation and M&A work.

Colombia > Competition and antitrust

Garrigues Chile offers expert multidisciplinary advice, providing support to both local clients and international investors on entering and pursuing their business activities in the Chilean market. Over the last months, Garrigues’ immediate positioning as one of the leading firms in Chile has been clear, having advised on some of the highest level projects and matters, and acted as legal counsel to top-tier international and domestic clients, who are industry leaders in Latin America.

Garrigues’ team in Chile now comprises 40 professionals, all highly respected in the local legal services market and with extensive expertise in the area of international investment.

The firm has five offices in Santiago de Chile, Bogota, Lima, Mexico City and Sao Paulo. Garrigues has the largest network of own offices in the region among the major European law firms. It also has its own offices in Spain (in 18 cities), Belgium, China (Beijing and Shanghai), Portugal, Poland, Morocco, the United Kingdom and the United States.

Senior contacts
Luis Felipe Merino – partner: he specializes in corporate law and in mergers and acquisitions, providing recurring advice on cross-border deals to foreign clients investing in Chile and to local clients investing abroad. He also has broad expertise in advising energy companies on the development of electricity generation projects, using both conventional and renewable energy sources.

Oscar Ferrari – partner: he mainly focuses on providing tax advice to a range of Chilean and foreign clients on the development of their businesses or projects in Chile and abroad, and on corporate and asset restructuring processes, mergers, acquisitions, project finance and tax litigation, in both the administrative (before the Chilean Internal Revenue Service) and judicial (before the Tax and Customs Courts, Appeal Courts and Supreme Court) jurisdictions. He also has extensive experience in mergers and acquisitions, capital markets, corporate law and foreign investment.

Pedro Garcia – partner: he specializes in capital markets and banking and finance, providing recurring advice to both local and international financial institutions in complex and cross-border financial transactions. He is also very experienced in providing advice in infrastructure and energy projects, both to developers and lenders.

Department Name Email Telephone
Tax Oscar Ferrari oscar.ferrari@garrigues.com
Financing, capital markets Pedro García pedro.garcia.m@garrigues.com
Corporate, M&A Luis Felipe Merino luis.merino@garrigues.com
Corporate, M&A Rodrigo Fernández rodrigo.fernandez@garrigues.com
Litigation and arbitration Mónica Van der Schraft monica.vds@garrigues.com
Real estate José Miguel Rioseco jose.rioseco@garrigues.com
Real estate Luis Eduardo Correa luis.correa@garrigues.com
Energy Luis Felipe Merino luis.merino@garrigues.com
Corporate governance Alberto Etchegaray alberto.etchegaray@garrigues.com
Other fee-earners : 30
Total staff : 48
Partners : 8