Firm Profile > MB Abogados > Santiago, Chile

MB Abogados
ALONSO DE CORDOVA 3788 OFICINA 33-B
VITACURA
SANTIAGO
Chile

Chile > Real estate Tier 2

Delivering 'powerful work in the real estate sector', MB Abogados advises some of the most prominent players in Chile's real estate sector on major projects (all over Latin America and beyond); and the large 20-strong department assists with the full gamut of real estate-related transactions and projects, including acquisitions, establishing of real estate funds, property finance and real estate development. The practice co-heads are 'outstanding attorneyCarolina Menichetti and Benjamín Salas (partner since 2019), who are both real estate project development specialists; and Ignacio Bolelli, a legal adviser to Grupo Patio's board of directors. The department is strongly supported by senior lawyers Francisca Rodríguez, Cristóbal Silva and Sybil O’Reilly, who are all active in real estate project development and financing work.  Former senior associate Diego Yávar left the firm in April 2021.

Practice head(s):

Carolina Menichetti; Ignacio Bolelli; Benjamín Salas

Testimonials

Delivers powerful work in the real estate sector, which complements the firm’s corporate law expertise.

They work well as a team and are very receptive and authoritative when making decisions.

Very good communication between the internal team, which is aware of all relevant information.

They have practical and business experience that cannot be found at other firms, and they are able to participate in business negotiations as if they were the owners; at the same time, they are extremely thorough in all legal details, and ensure that their clients are protected and understand all the risks of their decisions.

Excellent knowledge from competent people – a cutting-edge team that keeps up to date with new trends and structures, and is committed to clients.

Great for the speed of its advice.

Always trying to update itself in terms of what it can deliver and which legal areas to target, which is why its number of attorneys continues to grow.

Carolina Menichetti is an outstanding attorney who has very deep knowledge of the real estate area.

Key clients

Patio Internacional

Fondo de Inversión LV-Patio Renta Inmobiliaria I

Patio Comercial Patio Residencial

Inmobiliaria y Constructora Bicentenario

Chile > Tax Tier 3

In March 2021, MB Abogados launched a tax practice when it recruited a high-profile, eight-strong team from Barros & Errázuriz, including: new name partner and tax head María Teresa Cremaschi, who specialises in the tax aspects of cross-border transactions, M&A and business restructuring; and former senior associates Evelyn Sepúlveda (transactional tax-structuring specialist), Jazmín Gajardo (broad tax disputes and taxpayer defence expertise), and tax specialist Nicolás Alvarado (all of whom have been incorporated as partners).

Chile > Banking and finance Tier 4

Primarily advising on the borrower side, MB Abogados' 'very agile' finance team regularly advises corporate clients on a range of transactions, including M&A, joint ventures, project financing and governance matters. The team is experienced in the financing of real estate projects, but has expanded its client portfolio to include companies from the retail, healthcare, investment funds, hospitality, and food and beverage sectors. Highly regarded practitioners Carolina Menichetti and Benjamín Salas lead the team, which includes senior associate Sybil O’Reilly; both Menichetti and O'Reilly have 'deep real estate industry knowledge'. Moreover, the team was substantially strengthened with the arrival of an additional senior, Florencia Grez from Cariola Díez Pérez-Cotapos, in June 2021.

Practice head(s):

Carolina Menichetti; Benjamín Salas

Testimonials

The team is very agile in its responses, always keeping both the global transaction and long-term relationship in mind.

They always put the client at the forefront with clean, clear and simple closings.

Very meticulous and detailed lawyers in all aspects of each transaction.

They defend the interests of their clients very well.

Good response times with extensive experience in real estate transactions and financing.

Carolina Menichetti and senior lawyer Sybil O’Reilly have deep real estate industry knowledge, and always put in a very good performance with empathy, speed, certainty and teamwork.

Key clients

Centros Comerciales I

LV-Patio Renta Inmobiliaria III

LV-Patio Renta Inmobiliaria V

LV Patio Renta Inmobiliaria VI

Rentas Patio I

Patio Comercial

Fondo de Inversión LV-Patio Renta Inmobiliaria I

La Dehesa Comercio

Inmobiliaria Algeciras

El Morro

Inmobiliaria Mirador Azul Uno

Patio Self Storage

Inversiones Santa Teresita

Fondo de Inversión Privado Patio y Gestión

Inversiones K

Chile > Corporate and M&A Tier 5

MB Abogados' 20-strong department advises on a range of transactions, including M&A, joint ventures and general corporate governance, as well real estate-related matters. The practice is co-led by Carolina Menichetti ('strategic lawyer with the ability to find solutions') and Benjamín Salas, who joined the partnership in 2019. Key support is provided by senior lawyer Sybil O’Reilly, whose broad corporate practice includes corporate restructuring and M&A; however, former senior Diego Yávar moved in house at Grupo Patio in March 2021.

Practice head(s):

Carolina Menichetti; Benjamín Salas

Testimonials

This practice is very active and committed to the interests of its clients.

Precise and timely work, and always attentive to issues that could cause problems in the future.

A team that works well under pressure, with a speciality in closing deals with complex financing structures and the ability to co-ordinate and work with different law firms and financial advisers.

The teamwork, rigour and commitment to the objectives of the firm stand out.

The main characteristic of the team is its business orientation and understanding of financial and operational challenges.

Great for its unique agility, responsiveness and long-term vision, while always looking at not only the legal but also the economic, strategic and reputational issues.

Carolina Menichetti is a strategic lawyer with the ability to find solutions, so as to be able to close high-risk deals where quick decisions with a business perspective are urgent.

Carolina Menichetti has outstanding business and legal/analytical capacity; she is also a great negotiator and strategic in her vision.

Key clients

LarraínVial Activos

Rentas Patio I

Patio Comercial

Patio Industrial

Grupo Patio

Centros Comerciales I

Inversiones Santa Teresita

Karrott

Inversiones K

The firm: MB Abogados is a law firm specialized in the real estate, corporate and tax areas. Founded in 2010 by attorneys Ignacio Bolelli and Carolina Menichetti, the firm offers committed legal advice with a business focus, which integrates the real estate, corporate and tax experience, with the knowledge of the financial and real estate business developed by its partners, throughout more than 20 years of practice.

The team is fully equipped to advise companies on all types of transactions including M&A, joint ventures, financing projects, and general corporate governance. Furthermore, they advise public and private investment funds and property owners on matters related to real estate projects.

The firm’s lawyers are 100% dedicated to complex work including stock purchase agreements, capital increases, mergers and acquisitions of companies, and loan agreements.

In addition, they have vast expertise in the development of real estate projects, including the definition of the structure of the operation, due diligence, contract negotiation, and legal analysis.

Carolina Menichetti partner: Her practice is focused on real estate project financing and development, corporate reorganizations, merger and acquisition of companies, private negotiations for the purchase or sale of assets and companies, joint ventures, public and private investment funds structuring, shareholders’ agreements, options, capital and debt issuance, derivatives.

She previously worked at Carey in the M&A and capital markets group (2003-2008) and at Barros y Errázuriz in the tax group (2008-2010).

Carolina is currently a member of the International Steering Committee of the Women in the Profession (WIP) Program.

Ignacio Bolelli partner: His practice is focused on real estate project financing and development, corporate reorganizations, merger and acquisition of companies, private negotiations for the purchase or sale of assets and companies, joint ventures, public and private investment funds structuring, shareholders’ agreements, options, capital and debt issuance, derivatives.

He previously worked as General Council of Grupo Patio SpA (2005-2010), and former vice-president of Miradas Compartidas Foundation, for people with intellectual and mental disorders (2013-2016).

Ignacio acts as legal advisor to several board of directors.

He is chairman of the Legal Committee for Latin America of ICSC (International Council of Shopping Centres). And is also a member of the Legal Committee of the Chilean Shopping Center Association.

Benjamín Salas partner: His practice is focused on real estate project development and financing, corporate and personal restructuring, mergers and acquisitions of companies, private negotiation for the purchase or sale of assets and companies, joint ventures, public and private investment funds structuring, shareholders agreements, options, capital, and debt issuances, and project financing.

He previously worked at Cariola, Díez, Pérez Cotapos & Cia. in the banking, finance and capital markets group (2012-2014) and at Larraín, Rencoret and Urzúa in the corporate group (2010-2012).

Since 2019, Lawyer Benjamín Salas is a partner of MB Abogados, continuing his outstanding career with the firm and his commitment to the company’s growth.

Maria Teresa Cremaschi partner: Partner of MB Abogados since 2021, where she arrived to create and lead the tax group. She has specialized in cross-border transactions, M&A and business restructuring, providing advice to local and international important companies on tax matters.

She previously worked as partner in Barros y Errázuriz (2000-2021), and as lawyer in Ernst & Young (1998-2000).

María Teresa is currently Director of Casa Moneda, Director of Fundación Oncológica Cecilia Bolocco, Member of the Executive Committee of Icare’s Círculo Legal and Member of the Board of the Expert Female Lawyers Commission, Colegio de Abogados de Chile (Chilean Bar Association).

Department Name Email Telephone
Corporate Carolina Menichetti cmenichetti@mbabogados.com +562 3274 7900
Real estate Ignacio Bolelli ibolelli@mbabogados.com +562 3274 7900
Tax Maria Teresa Cremaschi cremaschit@mbabogados.com +562 3274 7900
Photo Name Position Profile
Mr Ignacio Bolelli  photo Mr Ignacio Bolelli Partner
 María Teresa Cremaschi photo María Teresa Cremaschi Partner
Ms Carolina Menichetti P. photo Ms Carolina Menichetti P. Partner
 Benjamín Salas  photo Benjamín Salas Partner
 Benjamín Salas  photo Benjamín Salas Partner
 Evelyn Sepúlveda photo Evelyn Sepúlveda Partner
Number of partners : 7
Number of other lawyers : 24
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