Firm Profile > Philippi Prietocarrizosa Ferrero DU & Uría > Santiago , Chile

Philippi Prietocarrizosa Ferrero DU & Uría
EL GOLF 40, 20TH FLOOR
LAS CONDES, CP 7550107
SANTIAGO
Chile

Banking and finance Tier 1

Philippi Prietocarrizosa Ferrero DU & Uría's core areas include project finance involving the energy, mining and infrastructure sectors, and syndicated financing where the group acts for both local and foreign banks ona full range of corporate-finance transactions. Other areas of particular strength are offshore bonds, shares issuance and aircraft finance. High-profile clients include MUFG Bank, EDF Energies Nouvelles, HSBC, LATAM Airlines Group, Mizuho Bank, Scotiabank Chile and Santander Chile. In recent work, the practice acted as local counsel to The Bank of Nova Scotia and Scotiabank Chile (among other lenders on two syndicated loan agreements extended to  VTR.Com and VTR Comunicaciones; assisted Banco de Crédito e Inversiones with a credit agreement entered into with Viña Valdivieso; and advised Gramercy Funds Management on the execution of a new credit agreement granted to Pacífico Cable. In capital markets, the team advised HSBC Securities (USA), Itau BBA USA Securities and Scotia Capital (USA), as initial purchasers, on a pair of soveriegn bond issuances (with an aggregate value of CLP103,950m) by the Republic of Chile. The team is led by office managing partner Marcelo Armas, in conjunction with Andrés Sanfuentes and Marcela Silva, who was appointed partner in early 2019. Principal associate of the finance practice group, Daniel Barros is also noted.

Corporate and M&A Tier 1

Tri-national firm (Chile-Colombia-Peru) Philippi Prietocarrizosa Ferrero DU & Uría 'has a strong M&A department, with a deep bench of partners and associates for transactions'. The Chile-based team is highly rated for contractual and commercial law, M&A, joint ventures and spin-offs, and other significant strategic deals involving sectors such as energy, mining, retail, pharmaceuticals and technology. Significant clients include Mitusbishi Corporation, Quiñenco, Methanex, Salmones Austral, Fox Sport Chile and Grenergy. In recent work, the practice advised Banco Bilbao Vizcaya on the $2.2bn sale of BBVA Chile to Bank of Nova Scotia, including regulatory authorizations from the banking and stock market regulators and the Chilean stock exchange, as well as clearances by Chile's Antitrust Authority and the Canadian banking regulator. Other highlights included assisting EDF and AME with the $300 acquisition (through their joint-venture Generadora Metropolitana) of Sociedad Eléctrica Santiago from AES Gener and Norgener Foreign Investment; and acting for Walmart Chile on both the $150m sale of its financial services and credit card business to Chilean bank BCI and a long-term cooperation agreement for financial retail business development. Carlos Alberto Reyes 'provides best-in-class customer service while working through complex transactions, and his ability to provide solutions during negotiations are crucial'. The other key figures are Juan Pablo Wilhelmy, Juan Francisco Gutiérrez, Federico Grebe, Andrés Sanfuentes and Alberto Pulido ADiego Bunster and Fernanda Echavarría are notable associates.

Environment Tier 1

Philippi Prietocarrizosa Ferrero DU & Uría's 'unique team is ahead of others for legal-environmental issues; the team is also proficient in a diverse range of legal environmental services'. The practice is characterised by its advice on domestic environmental matters and procedures, international projects involving environmental issues, environmental litigation and energy projects requiring environmental law permits. Active clients include Compañía Minera Maricunga, Metro, Enap, Pampa Camarones and Kinross Gold. The team led the defence of EDF Renewable Energy against sanction procedures brought by Chile's office of Environmental Superintendence and stemming from accusation of alleged Environmental Assessment System evasion. Juan José Eyzaguirre leads the environmental and energy group in Chile and is 'a seasoned lawyer who has the ability to review projects from many angles, analyse several scenarios, and think outside the box'. The senior associates to note are Paulina Toro, previously a member of the legal division of the former National Environmental Commission's executive directorate, and Felipe Arévalo, who is 'extremely thorough and can fit into multidisciplinary teams'.

Labour and employment Tier 1

Long renowned for its ‘expertise and solutions-oriented advice’, the department at Philippi Prietocarrizosa Ferrero DU & Uría handles due diligence and internal employment audits, hirings and terminations, unfair dismissal and company policies, as well as restrictive covenants, sub-contracting and outsourcing, labour-related taxation and compensation packages, collective bargaining, union relations and labour litigation. While the department suffered the departure of three lawyers in August 2019 when former practice director Jaime Salinas left to form Salinas Toledo Labour & Employment Lawyers, the practice retained not only partner-in-charge, Paulina Miranda (‘a very knowledgeable partner who does not simply provide advice, but puts herself in clients’ shoes as an advocate; she also explains risk in a down-to-earth and easy-to-digest manner’), but also ‘diligent and professional’ senior associate, Andrea Papi, whose broad advisory practice also includes oversight of the department's immigration sub-practice; their recent work includes advising Generadora Metropolitana on labour matters related to its acquisition of ESSA, as well as with union relations. The firm has since moved rapidly to strengthen its department, hiring labour litigator Sergio Montes Larrain -formerly at Eyzaguirre Burlé Montes & Ossa- as practice head of the newly restrucutured eight-strong team. As well as contentious matters, his past experience includes handling all labour aspects of the merger of 20th Century Fox and Fox Films with Disney ESPN, as well as major collective bargaining issues. The practice group's other clients include Methanex, Decathlon, Mitsubishi and Dell.

Mining Tier 1

Philippi Prietocarrizosa Ferrero DU & Uría 'has extremely deep knowledge of the Chilean mining market'. The practice is widely respected for its experience in the contractual, finance and dispute resolution issues surrounding mining projects, and acts for high-profile clients such as Sumitomo Metal Mining, Minera Salar Blanco (MSB), Lithium Power International (LPI), Gold Fields Chile, Andex Minerals and Sierra Gorda. Recent mandates include advising LPI on its acquisition of an additional interest in Minera Salar Blanco; and assisting MSB with the development of a lithium project in northern Chile. Juan Paulo Bambach heads the mining and natural resources group; senior counsel Juan Irarrázabal is highly regarded; and 'excellent lawyerMaría Paz Pulgar (who coordinates the natural resources department), and Cristina Olavarría, are both experienced senior associates.

Projects and infrastructure Tier 1

Philippi Prietocarrizosa Ferrero DU & Uría is widely respected for its experience in Chilean projects, particularly in relation to renewable energy and mining. Additional infrastructure areas include transportation, hospitals, schools, telecoms, water and sewerage systems, and real estate development. The 10-strong team acts for clients including Antofagasta Minerals, Intervial Chile and Sacyr Concesiones Chile; indeed, recent mandates include assisting Antofagasta affiliate Minera Centinela with the $117m sale of Centinela Transmisión (which owns three transmission lines), to Red Eléctrica Chile. Other work saw the team advise Intervial and Cintra Servicios de Infraestructura, as members of a consortium that participated in the bidding process for a highway concession. Carlos Alberto Reyes (energy transactions, project development and finance) and Andrés Sanfuentes (banking, finance and infrastructure projects) co-lead the team. Senior associates Daniel Barros and Guillermo Vial (who both focus on infrastructure, project finance and capital markets), Catalina Silva (infrastructure, projects and finance) and Mario Fava (energy and natural resources) constitute a strong second tier.

Real estate Tier 1

Philippi Prietocarrizosa Ferrero DU & Uría is widely respected for its expertise in real estate project developments, including office buildings, shopping centres, hotels and condominiums. Recent mandates include assisting INDESA with the acquisition of property for the development of a real estate project, including title studies and constitution of the company Inmobiliaria Los Huañiles; other matters include regular ongoing advice to Deka Inmobiliaria Chile One on the management and lease of units it owns in the Titanium La Portada building. José Tagle and Rafael Jiménez are experienced practitioners and María Eugenia Badilla Lepe and Cristóbal Uriarte are key associates.

Dispute resolution Tier 2

Philippi Prietocarrizosa Ferrero DU & Uría's 'lawyers work very well as a team and they always have quick answers to clients' questions'. The firm's commercial litigation and arbitration work regularly involves the construction and engineering, energy and mining sectors, as well as high-profile corporate disputes. Recent litigation-side work saw the hugely experienced Enrique Alcalde lead representation of major pension-fund administrator AFP Provida in civil law suits against Soquimich (SQM)'s controlling stakeholder (and related parties) arising out of the 'Cascadas' case; and ENAP in 14 environmental damage claims (aggregate value $270m) resulting from an oil spill. (However, in June 2019 Alcalde announced his departure from the firm at the end of the year so as to dedicate himself to arbitration). In arbitral matters, Cristián Conejero Roos is acting for Albermarle Lithium in a $1bn ICC dispute with CORFO concerning a preferential price clause; and Fundación de Cementerios Católicos in twin proceeedings (value: $300m) concerning the termination of a concessison agreement. Best known as an arbitration specialist, Conejero Roos' 'knowledge and insight into litigation are spectacular', while civil litigator Germán Subercaseaux (who is largely dedicated to construction, energy, natural gas and corporate disputes), is increasingly visible in arbitration matters; the two co-lead a 19-strong disputes team in which senior counsel Jaime Irarrázabal is another key figure. A strong second-tier includes, on the litigation side, senior associate Benjamin García (civil litigation) and associate Senda Villalobos (consumer law and class actions), and in arbitral matters, senior associate Gianfranco Lotito and Uruguay-qualified associate Juan Manuel Rey Jiménez de Aréchaga. Notable clients include AFP Provida, Empresa Nacional de Petróleo, Inmobiliaria Pereira, Minera Salar Blanco and Ford Motors Chile.

Public law Tier 2

Philippi Prietocarrizosa Ferrero DU & Uría regularly assists with complex administrative law disputes before the Supreme Court, Courts of Appeal and Public Procurement Tribunal; of late it has been particularly active advising on both urban affairs for real estate companies and public procurement matters. Clients include Grenergy, Scania Finance, Inmobiliaria Pereira and Sun Dreams are clients; the team assisted the latters regarding administrative sanction procedures. José Luis Lara and senior counsel Guillermo Zavala are the key names.

Tax Tier 2

Philippi Prietocarrizosa Ferrero DU & Uría is highly focused on complex domestic and international corporate and private-wealth matters, tax planning and structuring, tax compliance and transfer-pricing services, and tax-related M&A; the practice is also well known for tax litigation and administrative procedures before the tax authorities. Clients include VISA, LATAM Airlines Group, Isapre Cruz Blanca and Banco Bilbao Vizcaya Argentaria (BBVA); Guillermo Infante led tax advice to the latter on the indirect acquisition by Scotiabank of a majority stake in Banco BBVA Chile. Mario Silva is also highly rated and Arturo Selman is the senior associate to note; former practice director Patricio Silva-Riesco left the firm to establish his own consultancy.

Competition and antitrust Tier 3

Philippi Prietocarrizosa Ferrero DU & Uría's competition practice is 'unique in terms of how it provides service ' and is 'fully committed to clients'. The practice advises on complex commercial practices and potential competition breaches, internal audits involving potential cartel cases and compliance programmes, and merger deal clearance. Recent work includes the  successful representation of TV Medios (TVM) in an FNE investigation into TVM's acquisition of the shares held by Pontificia Universidad Católica in Canal 13. An 'excellent professional', Ignacio Larraín was made partner and senior associate Álvaro Espinosa is also well regarded. Other active clients include Linde, 21st Century Fox and Banco Santander Chile.

TMT Tier 3

Philippi Prietocarrizosa Ferrero DU & Uría's client list includes Samsung Electronics Chile, AT&T, Equifax Chile and Anda Technologies; another significant client is Fox Networks Group, which is advised on streaming and OTT platforms, digital television-related retransmission fees and advertising issues. Eduardo Escalona and Alberto Pulido A are the names to note.

Electricity/oil and gas

Philippi Prietocarrizosa Ferrero DU & Uría advises on complex energy  transactions, including M&A, project financing, off-taking agreements, onshore and offshore EPC contracts, and O&M and PPA agreements. Key clients include EDF Chile, Antofagasta Minerals, Red Eléctrica de España and Transelec. Recent mandates saw the team advise Central El Campesino on the acquisition of Eléctrica Santiago, which owns four thermoelectric power plants. Carlos Alberto Reyes heads the energy and projects department, and Eduardo Escalona leads the energy and regulated markets group; both are well regarded.

 

Philippi Prietocarrizosa Ferrero DU & Uria is the first major Ibero-American law firm, with offices in Chile, Colombia and Peru. Uria Menendez also brings to the Firm its network of offices.

Areas of practice

Banking, finance and capital markets: advises banks on syndicated financing, asset financing and project financing and the development of the innovative financial structures and products, represents underwriters and issuers in the placement of bond and securities in Chile and abroad.

Competition: antitrust, including investigations by authorities, litigation concerning cartels and abuse of dominance, consultations on M&A operations, settlements, audits on level of compliance and legal reports.

Corporate and M&A: all aspects of corporate law, including business integrations, tax matters, structuring and implementing public tender offers and the acquisition and sale of listed companies, restructurings, national and cross-border mergers and acquisitions, spin-offs and business reorganization proceedings.

Dispute resolution: prevention and resolution of civil and criminal disputes involving complex legal and technical issues for national and international clients spanning a wide range of industries.

Energy, mining and natural resources: highly specialized lawyers provide comprehensive advice on legal matters for the development of projects in different areas such as mining, industrial, energy, corporate, infrastructure and real estate, among others.

Infrastructure and projects: advising companies involved in toll roads and ports and purchasers and sellers; participated as counsel in financing; and on the privatization of public utilities and ports.

Intellectual property/life sciences: all aspects of intellectual property, patents, trademarks, industrial designs, utility models, copyrights, sports and entertainment matters, litigation, unfair competition, pharmaceutical licensing and health registrations.

Labor: litigation, collective bargaining, employee benefits, due diligence and audits, corporate restructuring, immigration, pensions, internal policies, wages and benefits, taxation, health and safety.

Private clients and family: long-term all inclusive legal advice, in accordance with the highest international standards, for business families on the development of estate planning structures.

Public law: long-standing public law department advising a wide range of clients from the private and public sectors, such as governmental entities.

Real estate: shopping mall planning and construction, superstore construction, real estate trusts and leasing, long term lease agreements, due diligence, real estate guarantees, regulatory issues and local permits.

Tax and international trade: structuring domestic and international operations and transactions involving foreign trade, customs and foreign exchange, tax planning, customs consulting and tax litigation.

TMT (technology, media and telecommunications): advising multinational media and technology companies in all their regional legal matters, from software licenses and TV formats to customs matters.

Department Name Email Telephone
Co-chairs M Armas
Co-chairs M Acero
Banking, finance and capital markets M Armas
Competition I Larraín
Corporate/M&A JF Gutiérrez
Corporate/M&A F Grebe
Corporate/M&A A Pulido
Corporate/M&A JP Wilhelmy
Corporate/M&A CA Reyes
Dispute resolution E Alcalde
Dispute resolution C Conejero
Dispute resolution G Subercaseaux
Energy, mining and natural resources JJ Eyzaguirre
Energy, mining and natural resources JP Bambach
Energy, mining and natural resources CA Reyes
Infrastructure and projects A Sanfuentes
Infrastructure and projects CA Reyes
IP/life sciences A Pulido
Labor P Miranda
Private client and family JF Gutiérrez
Public law JL Lara
Real estate J Tagle
Tax and international trade M Silva
Tax and international trade G Infante
TMT A Pulido
TMT E Escalona
Other fee-earners : 367
Total staff : 615
Partners : 52