MBC Abogados > Santiago, Chile > Firm Profile

MBC Abogados

Chile > Real estate Tier 2

The broad practice scope of MBC Abogados‘ ‘very committed‘ real estate department covers major real estate transactions, the establishment of real estate funds, real estate finance, and real estate developments. The practice is jointly led by the ‘extraordinaryCarolina Menichetti , whose recent track record includes advising LV Patio Renta Inmobiliaria VIII on the acquisition of the Vista 360 building in Las Condes; highly regarded real estate specialist Ignacio Bolelli  ; and Benjamín Salas  , who has extensive experience in real estate development and financing. Within the firm’s senior lawyer group, Francisca Rodríguez  and recently promoted Josefina Durán  both assist with real estate project development and financing work. Diego Yavar and Cristóbal Silva both left the firm during 2021.

Practice head(s):

Carolina Menichetti; Ignacio Bolelli; Benjamín Salas


A highly consolidated team, with a strong business outlook and the ability to find solutions. Very committed to clients, and the most remarkable thing about the MBC team is its practical real estate experience, not just its legal expertise.

The advice always involves commercial aspects, which is greatly valued; and the team has solid knowledge of this area, which is not so usual in the legal market.

A very diverse team and committed to results. The market knowledge these lawyers have, and the solidity with which they support their observations, help us trust them 100%.

The work is carried out with great levels of professionalism by lawyers who are trained to face the biggest challenges within the industry. They understand the needs of clients and quickly execute strategies with different degrees of sophistication, which allow clients to have the peace of mind required.

Carolina Menichetti is very strategic, focused on solving problems from a business perspective, and a good negotiator.

Carolina Menichetti is extraordinary – excellent negotiator, intelligent and creative, and with a lot of knowledge of commercial and tax matters, which makes for an an extraordinary contribution.

Ignacio Bolelli is highly knowledgeable in relation to the real estate market and closing of transactions.

Benjamín Salas has been incorporating many of Carolina Menichetti’s skills and work style. They make an amazing team – fast and reliable.

Key clients

Rentas Patio I

LV Patio Renta Inmobiliaria VIII

Rentas Patio X

Patio Comercial

LV Patio Renta Inmobiliaria IX

Work highlights

  • Advised LV Patio Renta Inmobiliaria VIII on the acquisition of the Vista 360 building.
  • Advised Rentas Patio X on the purchase of the Vivo La Florida Outlet shopping centre.
  • Advised Rentas Patio X on the acquisition of three shopping centre outlets.

Chile > Banking and finance Tier 3

Fielding a sizeable 12-strong team, MBC Abogados‘ primarily borrower-side practice is frequently involved in high-stakes and high-value transactions, particularly in relation to the real estate sector. The group advises companies on mortgage loans, leaseback transactions and credit facility agreements; with other key areas including refinancing and bond issuances, along with real estate project development. Co-heading the team are experienced finance partners Carolina Menichetti and Benjamín Salas; and at senior associate level, real estate specialist Sybil O’Reilly. Growth at associate level saw the firm hire a pair of seniors in June 2021, namely Florencia Grez (financing transactions) and Guillermo Bobenrieth, who works on debt finance deals, from Cariola Díez Pérez-Cotapos and Silva Ibáñez Abogados, respectively.

Key clients

Patio Comercial

Rentas Patio I

Rentas Patio X

Fondo de Inversión LV-Patio Renta Inmobiliaria I

La Dehesa Comercio

Patio Residencial

Grupo Patio

Parque Capital

El Morro

Fondo de Inversión Privado Patio y Gestión

LV-Patio Renta Inmobiliaria IV

Desarrollos Comerciales

Inmobiliaria Mirador Azul Uno


Grupo MK

Inmobiliaria Pajaritos Dos

Inversiones Santa Teresita

Work highlights

  • Advising Desarrollos y Bodegas I, LV-Patio Renta Inmobiliaria Puerto Montt and LV-Patio Renta Inmobiliaria III on the restructuring of their existing leasing agreements with Principal Compañía de Seguros de Vida Chile.
  • Advised Rentas Patio I, Patio Comercial and Rentas Patio X on negotiations with Banco Santander-Chile surrounding an asset acquisition financing.
  • Assisted Grupo Patio and Patio Comercial (and other related companies) with the renewal of a multi-tranche, revolving credit facility with Banco Security.

Chile > Tax Tier 3

MBC Abogados launched its tax practice in March 2021 when it hired an experienced eight-strong team from Barros & Errázuriz, including its former tax co-head María Teresa Cremaschi. The current 10-member group advises on the full range of tax matters, including acting for individual clients and family offices on the tax aspects of their assets; and it routinely assists with complex cross-border matters. The practice fields four partners: name partner and practice head Cremaschi, an expert in advising national and international companies on complex tax matters; Evelyn Sepúlveda and Nicolás Alvarado, who both have broad tax practices; and tax disputes specialist Jazmín Gajardo.

Practice head(s):

María Teresa Cremaschi


A tremendous team that is dedicated to understanding the realities of clients’ industries and their needs.

A quality service that resolves clients’ concerns and real needs. I also love that the number of female and male partners is equal!

I would like to highlight Evelyn Sepúlveda and María Teresa Cremaschi, who are tremendous professionals. Very solid technical knowledge and dedicated to advising clients in the best possible way.

Key clients

Grupo Patio

Inmobiliaria El Plomo


Comercial K No

Fundación Oncológica Cecilia Bolocco

Laboratorio Saval

Work highlights

  • Assisted Grupo Patio with the tax planning for the corporate structure of an association with AFP Habitat to develop industrial rental projects in Chile.

Chile > Corporate and M&A Tier 5

MBC Abogados‘ corporate team regularly assists with a broad range of transactions, including M&A, joint ventures, as well as handling general corporate advisory and corporate governance matters. The practice is perhaps best known for handling real estate-related deals, but also houses considerable sector-expertise as regards retail, healthcare, investment funds, hospitality, and food and beverages. The department is co-led by ‘brilliant lawyer‘, Carolina Menichetti and ‘excellent adviserBenjamín Salas both have real estate-oriented practices that also encompass corporate restructuring, M&A and asset purchases/sales, JVs, investment-funds structuring, shareholder agreements and capital markets’ matters. A strong senior-associate bench includes Sybil O’Reilly, whose recent caseload includes advising on the transformation of private funds into public investment funds, and June-2021 recruits Florencia Grez and Guillermo Bobenrieth, who arrived from Cariola Díez Pérez-Cotapos and Silva Ibáñez Abogados, respectively.

Practice head(s):

Carolina Menichetti; Benjamín Salas


The lawyers give accurate and fast responses, and are very good at detecting risks and including them in the negotiations.

They are very committed, creative and at a high technical level.

Direct and dedicated attention from the partners, who are very committed to solving client problems.

The M&A team gets deeply involved in the projects and adds real value.

Carolina Menichetti is a brilliant lawyer.

Benjamín Salas is an excellent adviser, who in addition to his M&A expertise understands other issues, such as taxes, very well. This allows him to cover all angles and give comprehensive advice. In addition, he is always willing to go the extra mile for his clients.

Key clients

Inversiones Santa Teresita

Inversiones 360

Fondo de Inversión Privado 360

Grupo Patio

Patio Residencial

Patio Comercial

Comercial K

Bodegas Multiuso

Work highlights

  • Advised Patio Residencial on its memorandum of understanding with Santander Asset Management, which related to a public investment fund to be used to jointly acquire, operate and lease assets for residential and combined rental use.
  • Advised Grupo Patio on a $100m capital increase.
  • Advised Patio Comercial on the sale of 51% of the shares issued by Rentas Patio X to Inversiones y Rentas LVM.

Chile > Capital markets

Chile > Venture capital

Led by experienced practitioners Ignacio Bolelli and Benjamín Salas, MBC Abogados handles the full gamut of venture capital work, including advising investors and start-ups from the fintech, real estate and agriculture sectors on both financing and corporate law matters.

The firm: MBC Abogados provides specialized consultancy, focused on each client’s needs, integrating legal knowledge with experienced partner experience in the financial, commercial, real estate and tax fields.

An expert lawyer team provides strategic accompaniment and commercially focused legal advice both in Chile and abroad to several industries and individuals, in practice areas relating to real estate, tax, corporate, mergers and acquisitions, investment funds, financing and venture capital, among others.

With over 11 years of experience, MBC Abogados understands the context in which its clients operate, reaching a deep understanding of their challenges in order to deliver a value-offer based on trust and excellence.

We work continuously to build diverse and dynamic teams quickly adapting to our clients’ different needs. We constantly seek to promote equal opportunities for all our lawyers, aiming to further develop their potential.

Carolina Menichetti, partner: Her practice focuses on real estate development and financing, corporate and individual restructuring, mergers and acquisitions, sale or purchase of assets and companies’ negotiations, joint ventures, public and private investment funds structuring, shareholders agreements, options, capital and debt issuances, derivatives.

Founding partner of MBC Abogados in 2010. 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 and Member of the Board of Experts, Commission of Women Lawyers, Chilean Bar Association.

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.

Founding partner of MBC Abogados in 2010. 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 alternate Director of the Chilean Chamber of Shopping Centres and member of the Legal Committee of the Chilean Shopping Center Association. 

Benjamín Salas, partner: With extensive experience in real estate development and financing, corporate and individual restructuring, mergers and acquisitions, sale or purchase of assets and companies’ negotiations, joint ventures, public and private investment funds structuring, shareholders agreements, options, capital and debt emissions, and project finance.

Benjamín joined MBC in 2014 and has been a partner since 2019, continuing his outstanding career with the firm and his commitment to the company’s growth.

He previously worked at Cariola, Díez, Pérez Cotapos & Cia. (2012-2014) and at Larraín, Rencoret y Urzúa (2010-2012).

Maria Teresa Cremaschi,  partner: Partner of MBC 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 the Chilean Institute of Tax Law, 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).

Corporate Carolina Menichetticmenichetti@mbcabogados.com+562 3274 7900
Real estate Ignacio Bolelliibolelli@mbcabogados.com+562 3274 7900
Tax Maria Teresa Cremaschicremaschit@mbcabogados.com+562 3274 7900
Banking&Finance Benjamín Salasbsalas@mbcabogados.com+562 3274 7900
Number of partners : 7
Number of other lawyers : 26

Our Hallmark

Our leitmotif is to guarantee utmost commitment in the provision of quality assistance to our clients. Our comprehensive knowledge of their business fields and markets enable us to provide unparalleled advice.

MBC Abogados renders specialized counseling focused on the needs of each client, integrating legal knowledge with our partners’ experience in financial, commercial, real estate and tax law.

We rely heavily upon a diversified team of highly experienced attorneys who offer strategic support and legal assistance with a commercial focus on a wide array of industries, such as real estate, tax, corporate, M&A, investment funds, financing and venture capital among others, in Chile and worldwide.

With more than 11 years of experience, at MBC Abogados we understand the context in which our clients operate, thereby reaching a deep understanding of their challenges in order to deliver a value proposition based on trust and excellence.

We strive to build dynamic and diverse teams that cater to our clients’ multiple needs in a timely manner. To this purpose, we promote equal opportunities for all our lawyers, with the aim of further developing their potential.


Since our incorporation in 2010, at MBC Abogados we have always advocated diversity as being central to an ever healthier work environment. This work ethic has fostered empathy and resilience, therefore delivering a better service to our clients. Our commitment is to move towards higher standards of diversity, equity and inclusion. In short, our firm is actively engaged in enhancing the relevance of diversity at work.


We have been working diligently on the creation and implementation of action plans with a view to better understanding and guiding our clients and their business fields, incorporating all the benefits of diversity within the work teams.

We review and adapt our D&I priorities and the needs of our team on a yearly basis to ensure that our initiatives improve over time and in light of potentially changing legal and social environments.

Our recruitment methods, incentives, celebration of skills and professional development reflect an indefatigable effort towards a gender bias-free workplace.

We are one of the law firms with the highest share of senior and female partners in the country. Specifically, 63% of the professionals that integrate MBC are women. This does not respond to affirmative action per se, but rather to our deep-set conviction: we truly believe that highly diversified work groups are enriched by perspectives and skills that benefit our collaborators, our organization and, above all, our clients.

Carolina Menichetti, one of the firm’s founding partners, is a member of the International Steering Committee of the Women in the Profession (WIP) Program, Vance Center, which promotes the advancement of women in law with an emphasis on individual growth and leadership within the profession.