MBC Abogados > Santiago, Chile > Firm Profile

MBC Abogados Offices

MBC Abogados
ALONSO DE CORDOVA 3788 OFICINA 33-B
VITACURA
SANTIAGO
Chile
569 81980330

MBC Abogados > The Legal 500 Rankings

Chile > Real estate Tier 1

MBC Abogados’ large, 14-strong real estate practice has ‘a great deal of experience in real estate deals’. The team has a strong market-reputation for real estate acquisitions, sales and developments; and in addition to advising on significant matters in Chile, it also assists with real estate projects throughout Latin America. In recent highlights, the practice advised Inmobiliaria Torre Apoquindo on the negotiation and drafting of two lease agreements for a major real estate project called Urbana Center Apoquindo, as well as advising Inmobiliaria Irarrázaval Dos on the sale of the Somma Plaza Ñuñoa building. Jointly leading the department, Carolina Menichetti, Ignacio Bolelli and Benjamín Salas are all real estate development and financing specialists. At senior associate level, the practices of both Francisca Rodríguez and Josefina Durán include building permit matters, sales and leases.

Practice head(s):

Carolina Menichetti; Ignacio Bolelli; Benjamín Salas

Testimonials

‘MBC’s lawyers are exceptional.‘

‘A great deal of experience in real estate deals and super-attentive to detail.’

‘Top-class people – a small team but clients deal 100% of the time with partners, which is an important differentiator from other firms.’

Key clients

Inmobiliaria Irarrazaval Dos

Desarrollos Comerciales

Grupo Patio

Inversiones K

Patio Comercial

LV Patio Renta Inmobiliaria VIII

Inmobiliaria Torre Apoquindo

Greystar Chile

Work highlights

  • Advised Inmobiliaria Torre Apoquindo on the negotiation and drafting of two lease agreements for the Urbana Center Apoquindo real estate project.
  • Advised Inmobiliaria Irarrázaval Dos on the sale of the Somma Plaza Ñuñoa building.
  • Advised Patio Comercial, Rentas Patio I and Grupo Patio on sale negotiations with Fondo de Inversión Credicorp Capital Patio Renta Industrial I.

Chile > Banking and finance Tier 3

Predominantly acting on the borrower side, MBC Abogados' 13-member group stands out for its handling of real estate sector-related project financings. The practice’s scope covers credit facility agreements, refinancings and bond issuances. The department, which is jointly led by real restate finance specialists Benjamín Salas and Carolina Menichetti, has expanded its client portfolio to include companies from the retail, healthcare, investment funds, hospitality, and food and beverage sectors. Within the senior associate pool, Sybil O’Reilly is an additional real estate financing lawyer of note, while Guillermo Bobenrieth's finance practice includes venture capital financing.

Practice head(s):

Carolina Menichetti; Benjamín Salas

Key clients

Grupo Patio

Desarrollos y Bodegas I

LV Patio Renta Inmobiliaria Puerto Montt

LV Patio Renta Inmobiliaria III

Rentas Patio I

Patio Comercial

Inversiones Santa Teresita

Patio Self Storage

Inversiones Discovery

PANAL

Fondo de Inversión Credicorp Capital Patio Renta Industrial I

Work highlights

  • Advised LV Patio Renta Inmobiliaria III on a refinancing transaction involving lease agreements.
  • Advised PANAL on the negotiation with Banco Security of the refinancing of an existing credit facility.
  • Advised Rentas Patio I and Inmobiliaria e Inversiones Discovery on the renewal of a credit facility agreement.

Chile > Tax Tier 3

MBC Abogados’ 12-strong tax practice routinely acts for individual clients, family offices, companies and foundations on high-value transactions, including cross-border matters. The group also has a strong track record in administrative proceedings before the Chilean Tax Authority. The team is co-led by former Barros & Errázuriz partner María Teresa Cremaschi, who specialises in the tax aspects of cross-border transactions, M&A and corporate restructuring; and Nicolás Alvarado, whose broad practice covers transactional work, tax audits and administrative procedures. The department also features tax law specialist Evelyn Sepúlveda, and Jazmín Gajardo, who acts in tax disputes. Former Carey lawyer María Pilar Diez and Pedro Pablo Otero, whose career includes a stint at the Prosecutor’s Office of the Ministry of National Assets, are key associates. Since publication, Sepúlveda has left the firm - effective January 2024.

Practice head(s):

María Teresa Cremaschi; Nicolás Alvarado

Testimonials

‘There is a good disposition on the part of the different lawyers of the team to deal in detail with the different topics that are of the specialty of each one.‘

‘It is a team with professional quality that is combined with the good disposition and human quality to deal with the different matters.‘

‘It is a multidisciplinary team that serves customers very well, generating trust and delivering the requested jobs on time and in a proper way.‘

‘Experience, closeness, work and commitment.‘

Key clients

Grupo Patio

Chilefilms

Comercial K

Fundación Oncológica Cecilia Bolocco

Work highlights

  • Advised Grupo Patio on the tax structuring for an association with AFP Habitat to develop industrial rental projects.
  • Advised Patricio Lioi on the acquisition of Newseg, which included a tax review of Newseg’s pre-closing restructuring.

Chile > Venture capital Tier 4

MBC Abogados' sizeable VC practice covers equity investments, fund formation, and growth and venture debt. The group is jointly led by name partner Ignacio Bolelli, who is experienced in the financing life-cycles of emerging and high-growth companies; and transactional, regulatory and dispute resolution expert Benjamín Salas. Within the senior associate ranks, Florencia Grez acts for emerging companies at all growth levels, including during corporate and M&A deals; and Guillermo Bobenrieth assists VC investors, start-ups and corporate funds with structuring funds and investment vehicles.

Practice head(s):

Ignacio Bolelli; Benjamín Salas

Key clients

Tucar

Jalaff Family

Work highlights

  • Advised Tucar on a capital raising through a seed round.
  • Advised the Jalaff Family on the drafting and negotiation of a simple agreement for future equity (SAFE) that will allow it to invest in a business.
  • Advised Tucar on the drafting and negotiation of a new shareholders’ agreement.

Chile > Corporate and M&A Tier 5

The 11-strong corporate department at MBC Abogados is particularly well known for its handling of complex real estate sector deals. The firm’s client portfolio further includes major companies from the retail, healthcare, investment fund, hospitality, and food and beverage industries. Leadership of the practice is shared between founding partner Carolina Menichetti, whose broad practice covers corporate reorganisations, M&A, and company and asset purchases and sales, along with joint ventures, shareholder agreements, and public and private investment fund structuring; and former Cariola Díez Pérez-Cotapos associate Benjamín Salas, who was raised to the partnerhsip back in 2019. Senior associates Sybil O’Reilly, Florencia Grez and Guillermo Bobenrieth are also all key team members.

Practice head(s):

Carolina Menichetti; Benjamín Salas

Key clients

Grupo Patio

Rentas Patio I

Inversiones Santa Teresita

Comercial K

Inmobiliaria e Inversiones Discovery

Patricio Lioi y Compañía

Work highlights

  • Advising Grupo Patio, and its controlling shareholders, on both a capital increase and the negotiations with the new and current investors that acquired the newly-issued shares.
  • Advised Rentas Patio I on both the corporate restructuring of certain assets and the negotiations with Fondo de Inversión Credicorp Capital Patio Renta Industrial I (the Fund) for the sale to the Fund of all Kansas’ shares.
  • Acted for Patricio Lioi y Compañía on the acquisition of Newseg, which specialises in the sale of industrial safety clothing and articles.

Chile > Capital markets

MBC Abogados > Firm Profile

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).

Main Contacts

Department Name Email Telephone
Corporate Carolina Menichetti cmenichetti@mbcabogados.com +562 3274 7900
Real estate Ignacio Bolelli ibolelli@mbcabogados.com +562 3274 7900
Tax Maria Teresa Cremaschi cremaschit@mbcabogados.com +562 3274 7900
Banking&Finance Benjamín Salas bsalas@mbcabogados.com +562 3274 7900

Staff Figures

Number of partners : 7
Number of other lawyers : 26

Languages

Spanish
English

Diversity


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.

Commitment

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.

Strategy

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.