Barros & Errázuriz > Santiago, Chile > Firm Profile

Barros & Errázuriz

Chile > Banking and finance Tier 1

Fielding one of the largest, most specialised banking and finance teams in Chile, Barros & Errázuriz‘s practice is able to leverage off the firm’s substantial real estate, energy, environmental and regulatory groups. It is particularly highly rated in the market for energy and infrastructure project finance deals, while the firm’s membership of the Affinitas network facilitates exchanges of ideas on regional banking and finance developments with peers in Colombia, Mexico and Peru. The practice co-heads are project and corporate finance specialist Francisco De la Barra, who recently advised the lenders on the financing of two energy projects; Nicolás Balmaceda, whose experience includes port, road and electric transmission project financings; Bernardo Simian (M&A, foreign investment, financing and capital markets); and Enrique Barros (corporate and structured finance), who was raised to the partnership in July 2020. María Olga RiveraFernando CampinoPedro Pablo Cruz and Valentina Villalobos are the senior associates to note. Since publication, Rivera has been raised to the partnership - effective as of March 2022.

Practice head(s):

Francisco de la Barra; Bernardo Simian; Nicolás Balmaceda; Enrique Barros


A lot of experience in public investment funds added to the capacities in M&A and corporate law in general. I particularly like working with Luis Alberto Letelier. Full availability, broad criteria, extensive experience. More than technological aspects, the concern for introducing ESG aspects stands out.

Key clients

Pacific Hydro Chile

Linzor Capital Partners

Caja Los Héroes

Banco Security

Administradora D’E Capital

BTG Pactual Chile

Penta Vida Compañía de Seguros de Vida

Fortress Investment Group

Sumitomo Mitsui Banking Corporation



Weg Administradora General de Fondos

Compañía de Petroleos de Chile

Comercial Kaufmann

Banco de Crédito e Inversiones



Moneda Asset Management

Work highlights

  • Advised Sumitomo Mitsui Banking Corporation and Banco Security (as lenders) on the financing of two energy projects managed by Opdenergy Generación (and its subsidiaries Eólica La Estrella and AustrianSolar Chile Uno).
  • Advised Banco de Crédito e Inversiones on negotiating (with Sociedad Concesionaria Teleférico Bicentenario) a long-term project finance for the construction of a public work named Concesión Teleférico Bicentenario.
  • Advised Pacific Hydro Chile on the refinancing of its existing debt under a syndicated credit agreement that was executed in 2017.

Chile > Capital markets Tier 1

Barros & Errázuriz fields one of the largest, most specialised capital markets teams in the Chilean legal market. Both domestically and internationally, the team consistently advises on the issuance of securities and public offerings of bonds, shares and other securities. The team also assists with local and foreign investment fund placements; is strongly supported by the firm’s M&A, corporate, tax and real estate practices; and boasts longstanding expertise in capital markets regulations. Luis Alberto Letelier, whose key clients include BTG Pactual and Ameris, heads the capital markets department, which also showcases: Cristián Barros, who has over 30 years' experience in capital markets advisory work; Víctor Barros who handler issuer registrations and the issuance and placement of private and public investment funds and bonds; and Javier Díaz, the team’s regulatory expert. Also integral to the practice group: associated practice director Juan Cristóbal Schmidt; and senior associates José Miguel Diez (recently returned after a year as a Credicorp Capital legal manager), Pedro Pablo Cruz (elevated in 2020), Juan Ignacio GaldámezCristián Risopatrón and Fernando Campino.

Practice head(s):

Luis Alberto Letelier; Cristián Barros; Víctor Barros; Javier Díaz; Juan Cristóbal Schmidt


The firm has wide access to the funds industry and therefore has ample access to market practice, therefore providing insightful advice when needed.

Director Juan Cristóbal Schmidt is always available to clients, with the willingness and ability to engage in deep but also practical analysis.

Key clients

Abertis Autopistas (Vías Chile)

Administradora General de Fondos Sura


Altis Administradora General de Fondos

Ameris Capital

Aspen Capital AGF

Asset Administradora General de Fondos

Australis Seafoods

AZ Andes Administradora General de Fondos

Adobe Capital

Baillie Gifford

Banco Falabella

Berkshire Partners

BICE Inversiones

BTG Pactual


Cerro Castillo Capital

CCAF 18 de Septiembre

CCAF Los Héroes

CMB – Prime Administradora General de Fondos


Coca – Cola Embonor

Compass Group Chile

Constructora Besalco

Crawford Carvallo

Credicorp Capital

Credit Suisse

CVC Capital Partners

Damon Capital


Econsult Administradora General de Fondos


Empresas AcquaChile

Farmacias Ahumada

Fondo Esperanza

Frontal Trust


Independencia Administradora General de Fondos

Insight Partners

Inversiones Security

JP Morgan Chase

Kapin Capital

Laboratorio Pasteur

Larraín Vial

Link Capital Partners

Lexington Partners

Moneda Asset Management


Neorentas (Administradora General de Fondos)

Picton Administradora General de Fondos

Siemens Chile

Singular Asset Management

Sensor Capital

Southern Cross Group


VolcomCapital Administradora General de Fondos

Volcom Securitizadora

Weg Administradora General de Fondos


Work highlights

  • Advised Agrosuper on the $245m capital increase of its listed affiliate, Empresas Aquachile, which will allow it to consolidate the group’s salmon business.
  • Advised Redmegacentro on the placement of its Series D bonds.
  • Advised Fondo Esperanza on both its registration with the Financial Markets Commission and the issuance of notes defined as social bonds.

Chile > Consumer and advertising law Tier 1

One of the most experienced and widely respected Chilean law firms for consumer and advertising law, Barros & Errázuriz's ten-strong department has an impressive track record in class actions and mediation processes involving the Chilean Consumer Law Authority (SERNAC). The practice also distinguishes itself through substantial industry expertise, including public services and utilities, telecoms, education, real estate, postal services and healthcare. The practice is co-led by Javier San Martín, whose dispute resolution workload includes class action lawsuits; competition and antitrust specialist Luis Eduardo Toro, who regularly represents clients in actions filed by SERNAC or by individuals; and David Cademartori, an administrative and public law expert who consistently advises on consumer matters. Notable senior associate-level support is provided by Isidora Fernández, whose wide-ranging litigation and arbitration experience includes class actions, consumer law and injunctions before the courts of appeal; and consumer law-related class action specialist Cristián Pérez.

Practice head(s):

Javier San Martin; Luis Eduardo Toro; David Cademartori


A very high level of knowledge of consumer law involving both the courts and at the administrative level (SERNAC).’

‘The team clearly knows the criteria for resolving controversies and sanctions matters.

The lawyers know when it is convenient to be conciliatory with the Authority and when it is advisable to litigate, and in both cases with the best tools available.

Cristián Pérez is a standout senior associate for litigation.

Key clients

Correos de Chile


Grupo Socovesa

Inmobiliaria Aconcagua

Inmobiliaria Loga

Bruno Fritsch

Laureate International

Sky Airlines

Mundo Pacífico

Caja de Compensación Los Héroes

Aguas del Valle

Work highlights

  • Represented Aguas del Valle (known for the production and distribution of drinking water and collection, treatment and disposal of wastewater in northern Chile) in three class actions involving service interruption claims and alleged illegal charges.
  • Defended ESSBIO against two class actions filed by over 2,000 neighbours of Coronel, claiming damages for the alleged turbidity and pollution of water distributed by ESSBIO.
  • Represented CineHoyts in a complaint filed by SERNAC for allegedly violating consumer law.

Chile > Corporate and M&A Tier 1

The large, 63-strong team at Barros & Errázuriz is held in high esteem in the market and advises on private acquisitions, cross-border takeovers of listed companies, acquisitions of controlling and minority interests, divestitures, and corporate restructuring programmes; moreover, the ‘unique‘ group has also developed a substantial public M&A presence. Clients additionally benefit from the firm’s full-service status, which affords access to business-oriented tax expertise, as well as specialist antitrust, banking and finance, restructuring, energy and real estate practices. Widely respected for public M&A and international cross-border transactions, Pablo Guerrero heads the department, which includes Bernardo Simian (M&A, foreign investment, financing and capital markets); Fernando Barros (investment projects and corporate and financing structures – in addition to heading the tax practice); and M&A, finance and capital markets specialists Cristián Barros and Luis Alberto Letelier. Also integral to the practice are Emilio Vásquez and Carlos Ducci, who both focus on corporate law, foreign investment, M&A and joint ventures; and José Tomás Errázuriz , who handles corporate matters in addition to leading the dispute resolution group. The next generation partners to note are Vicente Cordero, who was promoted in 2020, and Sergio Eguiguren, while counsel Daniela Peña and senior associate Lucas Marinovic are also experienced advisers. Since publication, Marinovic has been promoted to the partnership - effective as of March 2022

Practice head(s):

Pablo Guerrero; Emilio Vásquez; Carlos Ducci; Sergio Eguiguren; Vicente Cordero


The ByE team’s availability and client service make them unique.

The focus and attention to client needs must be highlighted, together with knowledge of all relevant issues and active search for solutions.

They understand the sector in which my company works, which is very useful.’

Their experience in past transactions adds value to negotiations, documents and work in general.

The lawyers have availability in time and resources that is uncommon.

Key clients

Delta Air Lines

Ameris Capital



Total Eren


BTG Pactual



Linzor Capital

Macquarie Capital

Independencia AGF

MG Leasing

Crawford Carvallo


Work highlights

  • Advised Laureate Education on the restructuring of its corporate structure in Chile and a subsequent transfer of control of all its educational institutions.
  • Assisted BTG Pactual Chile Administradora General de Fondos with the sale of a 25% stake in VivoCorp.
  • Advised Peru’s Grupo Gloria on the acquisition (by its subsidiary Yura Chile) of over 50m shares in Chilean public corporation Cementos Bío Bío, through a share purchase agreement with seller Inversiones ALB.

Chile > Data privacy Tier 1

The Chilean member of Latin America-based Affinitas law firm alliance, Barros & Errázuriz's privacy and personal data protection work predominantly focuses on: compliance with local legislation (Law 19.629 on the Protection of Private Life); confidentiality agreements; personal data international transfer agreements; and the application in Chile of the EU's General Data Protection Regulation (GDPR). Additional areas of strength include company privacy policies and information security; and in recent work, the team advised Brazilian multinational technological company VTEX on data privacy issues. With over 25 years' experience in the TMT sector, José Ignacio Ovalle consistently advises on the regulatory and commercial aspects of telecoms, technology and data privacy; and experienced senior associate Andrés Rodríguez (a former chief legal adviser at the Chilean telecoms regulator) focuses on work involving data privacy, and the IT and telecoms sectors.

Practice head(s):

José Ignacio Ovalle

Key clients


Sumitomo Mitsui Banking Corporation


Delta Air Lines




Pontificia Universidad Católica de Chile

Caja de Compensación de Asignación Familiar 18 de Septiembre




La Prairie

Work highlights

  • Advised Brazilian multinational technological company, VTEX, on data privacy issues.
  • Assisted Sumitomo Mitsui Banking Corporation with the compliance review of its global personnel privacy notice.
  • Advised Delta Air Lines on data processing requirements in Chile.

Chile > Real estate Tier 1

A core area for Barros & Errázuriz' since it was founded in 1988, the firm's 13-strong 'multidisciplinary real estate practice is solid in all areas', consistently handling: complex real estate operations in a wide variety of industries; creative acquisition structures, real estate associations and consortiums; and real estate development project financing. The firm also fields specialists in infrastructure and construction, and telecoms infrastructure; and has consolidated its expertise in regulatory and contentious issues surrounding city planning, construction and tourism. Being a full-service offering, clients can additionally tap into the firm's robust, tax, banking and finance, capital markets, M&A and regulatory practices. The group's co-heads are José Ignacio Ovalle (building projects, condominiums, shopping centres, offices, ports, hotels and subdivisions); and 'very solid adviser' Patricio Solórzano  and Oscar Ruiz-Tagle, who both have over 25 years' experience in real estate projects. Also integral to the team are counsel Alejandra Aránguiz (urban, regulatory and municipal administrative law) and senior associate Eduardo Tirado, who is active in corporate and real estate matters.

Practice head(s):

José Ignacio Ovalle; Patricio Solórzano; Óscar Ruiz-Tagle


This multidisciplinary real estate practice is solid in all areas. They also have a network of exceptional professionals, which allows them to allocate the necessary resources and provide solid advice, and they are great for clarity and creativity.

An excellent service that is creative in its solutions and skilled in negotiations.

Great team – very committed to the client and fully solves the problems that clients face.

The lawyers are very available, which makes the work a pleasure. They respond in a very short time and the advice is at the highest level.

The team I work with is very professional, always available, friendly and timely; and they are more prepared than the counterparts with which I have had to interact.

Excellent backup system with very clear and fair billing.

The outstanding advisers are José Ignacio Ovalle and counsel Alejandra Aránguiz.

Patricio Solórzano is a very solid adviser.

Key clients


Grupo Esmax


Ameris Capital

Ameris Renta Residencial Fondo de Inversión

Sura Asset Management

Ameris Capital

Seguros de Vida Sura


Ameris Capital

Ameris Renta Residencial Fondo De Inversión


Surmonte Inmobiliaria

Rentas Falabella

Work highlights

  • Advised Sura Asset Management Advice on the purchase of Nueva Las Condes, a subsidiary of GLL Latam Chile.
  • Assists Indesa, on an ongoing basis, with the development of a real estate project in Colina.
  • Advised Vértice B&E on the acquisition and development of the second stage of a real estate project in Puchuncaví, comprising 50 apartments in three buildings.

Chile > TMT Tier 1

The 'solid' four-member group at Barros & Errázuriz has over 27 years' experience in advising both domestic and foreign companies on major TMT work; it is widely respected for its expertise in radio and satellite licences, digital television permits, cloud computing and telecoms infrastructure regulation. Other key areas include mobile and landline services, internet service providers, optic fibre operators, IP phone services, over-the-top content (OTT), and technology agreements and transfers; and in 2020, the firm remained active in its provision of regulatory advice to multinational satellite companies offering telecoms services in Chile. Practice head José Ignacio Ovalle has longstanding TMT experience, ranging from the commencement and subsequent development in Chile of mobile and satellite television to internet, IT and data privacy-related issues; the senior associate to note is 'incredibly knowledgeable' telecoms, IT and data privacy expert Andrés Rodríguez.

Practice head(s):

José Ignacio Ovalle


The team is very attentive and available, and always responds to communication promptly and without delay – they also have a very international mindset.

The depth of knowledge is very deep; we feel 100% supported by the firm and they operate in a very friendly and open way.

A solid team with clear and concise answers, which help carry projects forward.

Very professional lawyers with good response times and good results – a reliable office.

There are few law firms with telecoms practices as strong, solid and detailed.

An excellent willingness of the partners to participate in advising the company, particularly José Ignacio Ovalle.

Senior associate Andrés Rodríguez is the primary reason we want to continue working with the firm – incredibly knowledgeable about our industry, and he has the ability to put himself in our shoes and advise accordingly.

Senior associate Andrés Rodríguez shows initiative and forethought regarding our business activities. His communications are prompt, clear, honest and professional – I can trust his advice and recommendations.

Key clients



Horizon Wireless


Mundo Pacífico



ATP Fiber


Pontificia Universidad Católica de Chile

Mega (TV Station)


Bado Market (Sugart)



Work highlights

  • Advised OneWeb on obtaining the necessary authorisations, permits and licences to operate satellite telecoms services in Chile.
  • Advised Horizon Wireless on the 5G public tender carried out by the Government, which will define the future of Chile’s communications industry in the coming years.
  • Advised Lycamobile on obtaining the necessary authorisations to operate as a mobile virtual network operator in Chile.

Chile > Bankruptcy, insolvency and restructuring Tier 2

Enjoying a notable market reputation for bankruptcy and restructuring matters, Barros & Errázuriz's three-member team assists an array of clients with judicial and non-judicial reorganisations, as well as contentious proceedings involving bankruptcy law.  It has particular strength in assisting clients looking to acquire the assets of companies subject to liquidation or reorganisation procedures. The team is led by Javier San Martín ('vast knowledge of reorganisation and bankruptcy issues'), whose broad dispute resolution expertise covers bankruptcy; San Martín's recent experience includes advising Banco Internacional (as agent bank), on Corpgroup affiliate Inversiones Sams' insolvency issues. Providing significant support are José Luis Corvalán (elevated to the partnership in April 2021) and senior associate Cristián Pérez, who both have extensive experience in insolvency procedures (reorganisations and liquidations).

Practice head(s):

Javier San Martín


The reorganisation team has a remarkable handling of these issues, both legal but also practical. They propose solutions that facilitate reaching agreement, always taking care of clients’ interests.

The lawyers are always available to have co-ordination meetings, they personalise their work and are proactive in the processing of procedures, as well as in the sending of information.

They have a good network of contacts.

A highly proactive team.

Javier San Martín is a lawyer who has vast knowledge of reorganisation and bankruptcy issues, but with a very commercial and business perspective, which allows him to address issues quickly and comprehensively.

Javier San Martín is very fast and clear in his analysis and recommendations.’

Key clients

Banco Internacional

Credicorp Capital

Banco BTG

BTG Administradora General de Fondos

Banco de Crédito del Perú


Solutions 2 Go

Constructora Loga






Cine Hoyts – Cinepolis

Kassbohrer Geländefahrzeug

Work highlights

  • Advised Telemet on the reorganisation procedure for Valle Nevado, a Chilean company that owns ski resort hotels near Santiago.
  • Assisted Banco Internacional with negotiating the financing of the subsidiaries of casino company Enjoy (in the context of Enjoy’s reorganisation).
  • Advised Banco Internacional on its role as agent bank, in relation to the insolvency issues of Inversiones Sams, a Corpgroup affiliate.

Chile > Competition and antitrust Tier 2

Full-service law firm Barros & Errázuriz houses a nine-member team that consistently acts in major TDLC cases and FNE investigations, as well as assisting with concentration notifications. The practice also advises on the prevention of future anti-competitive conduct through commercial policy reviews and compliance programmes; and is considered a pre-eminent legal adviser to the telecoms sector. Litigation and arbitration expert Luis Eduardo Toro heads the practice, which comprises dispute resolution specialist José Tomás Errázuriz (competition and antitrust proceedings); and merger-control practice leader Francisco Bórquez, who was made partner in April 2021 alongside José Luis Corvalán. However, associates Guillermo Ureta and Macarena Viertel left in March and June 2021, respectively.

Practice head(s):

José Tomás Errázuriz; Luis Eduardo Toro; Francisco Bórquez

Key clients

BTG Pactual Chile

Contempora Inversiones

Sociedad Austral de Electricidad


Coca-Cola Embonor

MG Leasing Corporation

Servicios Visa International


Didi Mobility

Southern Cross Group

Independencia Administradora General de Fondos

Work highlights

  • Advised Sociedad Austral de Electricidad on the notification before the FNE of the sale of 50% of the shares of Eletrans, Eletrans II and Eletrans III to Chilquinta Energía.
  • Defended Coca Cola Embonor (CCE) against an abuse of dominant position and exclusivity clause-related claim, which was filed by a group of Doggis franchisees against Grupo G&N, Alifrut, Ariztía, Embotelladora Andina and CCE.
  • Assisted MG Leasing Corporation with notification before the FNE of its acquisition of 50% of the shares of Southern Cone Water.

Chile > Compliance Tier 2

'Covering highly complex tasks', Barros & Errázuriz's six-member team 'delivers quality solutions'; it has extensive experience in assisting and defending clients in relation to the Chilean rules on AML, anti-bribery and counter-terrorism financing legal frameworks. The team's lawyers have impressive expertise in internal investigations, administrative investigations, enforcement actions and compliance programmes, as well as advising on financial institutions' risk management. The team's key practitioners include Javier Díaz, the firm’s regulatory expert on financial and capital market transactions, who also handles securities litigation; M&A and capital markets specialist Cristián Barros, who has been actively involved in the development of the compliance department; and associate practice director Juan Cristóbal Schmidt, who plays significant roles in both the compliance and capital markets groups.

Practice head(s):

Javier Díaz; Cristián Barros; Juan Cristóbal Schmidt


Covering highly complex tasks and processes that require synergies between the members, the team delivers a quality service with quality solutions.

The lawyers perform to the highest standards.

The firm’s partners are lawyers with vast experience in various fields, and who have represented important entities and individuals over the years.

I would highlight the communication skills they possess, which are of great value.

Implemented the teleworking system very well, which has not delayed the fulfilment of their work with us.

Key clients


Coca-Cola Embonor

Compass Group Administradora General de Fondos

Empresas Socovesa

AZ Andes Administradora General de fondos

Administradora De Fondos La Construcción

Caja de Compensación de Asignación Familiar 18 de Septiembre

Work highlights

  • Assisting Agrosuper with its compliance programmes.
  • Assisting Compass Group Administradora General de Fondos with its compliance programmes.
  • Assisting Coca Cola Embonor with its compliance programmes.

Chile > Dispute resolution: arbitration Tier 2

Housing a team of expert arbitration lawyers, Barros & Errázuriz has extensive experience in arbitration proceedings before CAM, ICC and other chambers of commerce, with typical work for the group involving acting for major clients in significant arbitrations involving construction and energy projects. The principal contacts are founding partner José Tomás Errázuriz, who is overall head of the dispute resolution practice; and Luis Eduardo Toro, who specialises in complex commercial arbitration. Other active arbitral practitioners include Javier San Martín (dispute resolution, consumer protection, and reorganisations/liquidations); public law head David Cademartori, whose practice includes telecom- and energy-related international arbitration; and José Luis Corvalán (domestic and international commercial arbitration), who was made partner in April 2021.

Chile > Dispute resolution: litigation Tier 2

Leading Chilean full-service law firm Barros & Errázuriz fields a seasoned team of dispute resolution experts who act in all types of civil and commercial litigation and mediation proceedings, as well as cases before national regulatory agencies; it also frequently works with and for non-profit organisations. The practice is co-led by Luis Eduardo Toro, who has extensive litigation experience across contractual law, torts, consumer law, commercial matters and antitrust; David Cademartori, who heads the firm's contentious administrative sub-practice; Javier San Martín, a specialist in contractual law, bankruptcy, construction, consumer law and commercial issues; and name partner José Tomás Errázuriz, a senior figure with huge arbitral and litigious experience. José Luis Corvalán was made partner in April 2021, while at senior associate level Isidora Fernández and Cristián Pérez are specialised in civil and commercial litigation.

Practice head(s):

José Tomás Errázuriz; Luis Eduardo Toro; Javier San Martin, David Cademartori


It is a team with a lot of knowledge, dedication and ideas that go further.

They do not leave anything to chance, they look for solutions that can go beyond the usual, always within the norm, but carrying out analyzes, interpretations: David Cademartori andLuis Eduardo Toro.

They are a dynamic team that has been able to give creative responses to the various conflicts that as a real estate company we have been exposed to over the years.

We have formed a relationship of intimate trust with Barros and Errázuriz, consulting them regarding the strategic decisions that the company has made. Its main difference with other firms is that, beyond From technical knowledge, the team is genuinely concerned about the smooth running of the company and is able to intervene successfully in strategic decisions.

The lawyer David Cademartori stands out, who is responsible for strategic decisions in the negotiation processes with clients and with the authority and for providing creative solutions to the conflicts that he has had with clients and with third parties.

Team members currently have the ability to work remotely from anywhere and connect with both us and our company employees living abroad.

Very good criteria to determine the path of the litigation, with high control capacities for handling the dispute.

Cristian Perez, is very diligent in his answers and with a good disposition to act.

Key clients

Inmobiliaria El Plomo

Raúl Segundo Carlos Teodoro Schüler Gatica

Banco Bilbao Viscaya Argentaria (Scotiabank)

Inmobiliaria Socovesa Santiago

Constructora Socovesa Santiago


Aguas del Valle

Familia Gálmez

Compañía Puerto Coronel

Universidad Nacional Andrés Bello

Inmobiliaria Aconcagua


Empresa Correos de Chile

Familia Eben

DirecTV Chile

Héctor Claro Collins y José Montt

Juicio Demarcación y Cerramiento

Work highlights

  • Acting for Inmobiliaria El Plomo in three claims initiated by building owners, including allegations of excessive charging of the common expenses for a building’s administration.
  • Defended Inmobiliaria Socovesa Santiago and Constructora Socovesa Santiago against a construction defects-related lawsuit filed by 34 property owners.
  • Acted for Sociedad Comercial Rivalta (SCR), an affiliate of Familia Gálmez Group, in pursuing the annulation of a contract, further to which certain properties were sold by falsifying the signature of SCR representatives.

Energy and natural resources > Electricity and hydrocarbon Tier 2

With notable electricity sector expertise, Barros & Errázuriz advises domestic, regional and international market entities and financiers on a range of hydroelectric, wind and solar energy projects, along with transmission lines; typical work includes assistance with energy contracts, regulatory issues, project finance and disputes. In addition to his dispute resolution workload, founding partner José Tomás Errázuriz advises on energy projects, and Fernando Garrido has over 15 years’ energy sector experience. Also integral to the practice are counsel Cristóbal Pellegrini (corporate matters and regulated markets); and senior associate Verónica Vergara (a 2019 hire from Morales & Besa) and associate Pedro Pablo Ballivian (energy, natural resources, water law and desalination). Since publication, Pellegrini has been raised to the partnership - effective as of March 2022.

Chile > Environment Tier 2

With 'detailed knowledge of public sector procedures', Barros & Errázuriz's nine-member environmental team provides full-service assistance to clients on projects, including planning, operation and closure, due diligence, project finance, environmental assessments and permitting issues, along with social conflicts and community negotiations; the firm also fields experts in local authority relations, compliance, litigation before the environmental and ordinary courts (including Supreme Court), and enforcement proceedings. 'Very active' counsel Matias Montoya (a former head of legal of the Environmental Assessment Agency) heads the environmental practice, working closely with energy-industry specialist Fernando Garrido, who leads the firm's regulated sectors department. Further support is provided at associate level by dedicated environmental law senior, Mara Angelini.

Practice head(s):

Fernando Garrido


Detailed knowledge of public sector procedures and the people in charge.’

The lawyers here work very well together, as well as with third parties.’

Focused on clients with a very personalised service.

Great sector knowledge and experience, with good support from other practice areas of the firm.

Timely communications and fully available.

Counsel Matias Montoya is very active and stays on top of the detail.

Matias Montoya is experienced; he immediately distinguishes what is important in each case, with exceptional relationships and communications with clients.

Matias Montoya understands the public apparatus, the criteria and the people who make the decisions at the environmental authorities.

Key clients

Interconexión Eléctrica


Agrícola Coexca


Interacid Trading (Chile)

Empresas Gasco

Calidra Chile Importaciones Minerales

Levaduras Collico


Compass Group Chile

Compañía Puerto de Coronel



Lanxess Deutschland

Work highlights

  • Advised Interchile on an enforcement proceeding before the Environmental Superintendence.
  • Assisted Colbún with an enforcement proceeding before the Environmental Superintendence.
  • Acted for Agrícola Coexca in a constitutional protection claim that was filed by the National Human Rights Institute.

Chile > Labour and employment Tier 2

The seven-member employment and immigration department at Barros & Errázuriz provides advice on a daily basis to over 60 different clients from a diverse range of industries, such as copper-related extraction, water desalination, mining, and food and restaurants, along with the automotive, manufacturing and telecoms sectors. It has also experienced notable growth in litigation, collective bargaining and immigration matters, as well as compliance work. Team head Juan Cristóbal Iturrate‘s work focuses on the development of the practice’s five sub-departments, covering due diligence, collective bargaining, judicial matters, internal audits, and immigration and day-to-day legal advice. The key senior associates are employment, labour and corporate immigration law expert María Fernanda Espinosa, Carolina Carrillo (corporate labour, trials and collective bargaining), and individual and collective labour law specialist Pavel Alvarez. Since publication, Carillo has left the firm to join Álamos & Squella as partner and head of the firm’s labour practice – effective February 2022.

Practice head(s):

Juan Cristóbal Iturrate


What characterises the work team is its ability to understand the internal functioning of clients, and to propose tailored and preventive measures; this allows them to face both legal contingencies and to identify and address underlying problems.

Immediate availability, both in terms of consultancy work and the issuance of an opinion or attention to problems.

Assertiveness in recognising issues and proposing solutions.

Adapted well to the conditions imposed by the pandemic, especially in relation to the provision of services and the maintenance of client relationships.

Key clients

Coca-Cola Embonor

Universidad de las Américas

Sociedad Anónima Viña Santa Rita

Hunter Douglas


Fundición de Talleres

Vestas Turbinas Eólicas

Stars Investments

Konecta Chile

Envases CMF

Sociedad Industrial Kunstmann


Sally Beauty

Desarrollos Educacionales

Dentsply Sirona



Inmobiliaria ICOM




Work highlights

  • Assisted Konecta Chile with a collective bargaining involving three unions that jointly represent over 2000 employees.
  • Assisted Bayer with two collective bargaining matters with three unions.
  • Advised Fundación Talleres on a collective bargaining matter with two unions that represent over 450 employees.

Chile > Projects and infrastructure Tier 2

Consistently advising developers, sponsors, constructors, operators, suppliers and financiers, Barros & Errázuriz‘s large practice assists with sizeable and complex developments and financings of infrastructure (tendering processes and public and private works concessions) and energy (renewables, conventional and transmission) projects, along with mining companies’ desalination projects. Clients also benefit from the firm’s litigation practice that can boast both domestic and cross-border expertise. With approximately 24 years’ experience, Nicolás Balmaceda is a cross-border project finance specialist; Francisco De la Barra, who ‘always provides excellent advice‘ is an infrastructure and energy project expert; and Fernando Garrido and counsel Cristóbal Pellegrini advise on energy generation and transmission projects. Elevated to the partnership in July 2020, Enrique Barros V is noted for renewable power project financings, while the key senior associates are María Olga Rivera and Diego Ovalle. Since publication, both Pellegrini and Rivera have been raised to the partnership – effective as of March 2022.

Practice head(s):

Nicolás Balmaceda; Francisco de la Barra


Very good internal co-ordination; the whole team are aware of the details of the project.

The staff is available at all times to solve doubts and issues.

Total involvement in the projects, particularly Francisco de la Barra, who has thorough knowledge of an operation’s every detail and always provides excellent advice.

Good ability to adapt quickly to working during the pandemic; they were able to carry out their work without lowering the quality of the service they provided in person.

Key clients

Compañía Portuaria Mejillones

Mitsui & Co


Sumitomo Mitsui Banking Corporation

Banco Security

Atlas Energy


Pacific Hydro



Fiera Infraestructure

Constructura San José

Mercado Libre

Grupo Cobra



Sociedad Concesionaria Nuevo Complejo Los Libertadores


Korea Overseas

Work highlights

  • Advised Compañía Portuaria Mejillones and Terminal Graneles del Norte on a bid surrounding the shipment of copper concentrate.
  • Assisted Iridum Concesiones de Infraestructura with the pre-qualification of a health facility concession programme (held by Ministerio de Obras Públicas).
  • Assisted Banco de Crédito e Inversiones with preparing a long-term project financing for the construction of a public work, which is destined to improve Santiago’s public transport system.

Chile > Public law Tier 2

Barros & Errázuriz's public, administrative law and economic regulation department predominantly acts for private entities on a wide range of public matters; the seven-member team is particularly focused on tariff-setting administrative procedures; contentious administrative proceedings; and administrative sanctioning procedures involving the natural gas, telecoms, electricity, water and wastewater, health, and education sectors. Other areas of focus are administrative contracts, government liability, public procurement and maritime concessions, along with government real estate and expert reports. The group also acts in litigation before common tribunals, Courts of Appeals, Supreme Court and the Comptroller General’s Office. Administrative law specialist David Cademártori heads the public law team, which also showcases renowned Chilean arbitration expert José Tomás Errázuriz and senior associate Andrea Batarce, whose contentious practice includes administrative proceedings.

Practice head(s):

José Tomás Errázuriz; David Cademartori

Key clients


Eletrans II

Compañía Regional Aguas Marítimas

Compañia Minera Arbiodo


Uriarte & Pérez-Cotapos Inmobiliaria

Crystal Lagoons

Inmobiliaria El Plomo

Empresa de Servicios Sanitarios Esval

Aguas del Valle



Independencia Administradora General de Fondos


Torres Unidas Chile

Marine Gel Antartic

Enterprise Electronics Corp

Interacid Trading

Administradora de Fondos La Construcción

Red Sana


Directv Chile Televisión


Fundación Educacional Colegio Los Leones de Quilpué

Sociedad Concesionaria Nuevo Complejo Fronterizo Los Libertadores



Work highlights

  • Provides ongoing legal advice to Esval (and its subsidiary companies) on a wide array of administrative and judicial proceedings.
  • Represents Oxiquim (Chilean chemical company) in various proceedings concerning fines imposed by the Health Authority.
  • Represents Compañía Minera Arbiodo in a civil claim for damages against the State of Chile, which concerned the granting of concessions to third parties that interfered with a mining project.

Chile > Tax Tier 2

Acting for both corporate clients and individuals, Barros & Errázuriz‘s large tax department has a strong name in the market for its broad experience in  tax structuring and implementation, both at national and international levels; the practice is also widely respected for its wealth planning advice, as well as its representation during disputes. Compliance is another area of notable strength. Founding partner Fernando Barros heads the tax practice, which showcases Carola Trucco, who has approximately 20 years’ experience advising major companies on domestic and international taxation; in turn, the senior associates to note are tax disputes expert Mauricio Bascuñán, and transactional tax structuring specialist Fernanda Becker. An eight-strong team, including former partner María Teresa Cremaschi, and senior associates Evelyn Sepúlveda, Jazmín Gajardo and Nicolás Alvarado, left the firm in March 2021. Since publication, the firm has hired Magdalena Munita Irarrázaval (from Philippi Prietocarrizosa Ferrero DU & Uría) as associate practice director, and Maria Lucia Marraccini as a senior associate (both hires effective as of February 2022). As in the case of fellow-senior Tomás Kovacevic the previous year, Marraccini arrives from a role as a tax policy advisor to the Ministerio de Hacienda; Kovacevic, in turn, has subsequently been made up to partner (as of March 2022).

Practice head(s):

Fernando Barros; Carola Trucco


Great advice on various tax matters with complete knowledge of the rules, legislation and regulations.

Direct contact with partners that have very good tax practices.

Very good availability to clients, with excellent quality and adequate billing.

Excellent knowledge and willing to answer any questions efficiently – direct contact with partner Carola Trucco.

Ability to adapt to the new reality of the pandemic – there was a greater presence of the team, which generated even greater support and collaboration.

A cohesive, high-level team that builds clients’ trust.

We appreciated the solidity of its proposals, that came with a lot of technical support and creativity in the tax financial world, which has undergone many changes.

Great knowledge and understanding of clients.

Work highlights

  • Advises SURA Asset Management on tax matters on a daily basis.
  • Advising Cecilia Bolocco on the establishment of Fundación Protón, which will focus on providing children with cancer-related proton therapy, entailing the analysis of the tax aspects surrounding its incorporation and operation.
  • Advises BTG Pactual Asset Management on tax matters on a daily basis.

Chile > Venture capital Tier 2

Enjoying strong relationships with a range of incubators, accelerators and investors from Chile and beyond, full-service legal practice Barros & Errázuriz brings its renowned expertise in corporate, M&A and financing matters to the VC table, together with its high-level knowledge of the VC ecosystem. The group advises national and international start-ups and investors throughout all stages of a company’s development, including planning, growth, finance and exit phases. A partner since 2018, M&A and corporate and commercial specialist Sergio Eguiguren leads the VC practice as well as the firm’s innovation and entrepreneurship practice, with senior associate Lucas Marinovic also active on the VC front; Marinovic advises emerging companies on their growth paths (including both financing and M&A matters). Associate Juan Sebastián Alonso provides additional support. Since publication, Marinovic has been raised to the partnership - effective as of March 2022.

Practice head(s):

Sergio Eguiguren


Good understanding of the needs of startups and the situations they face when raising financing.

Great for attention to detail, rapport with the client, and suggesting courses of action that measure the risks, the expected value and the potential return.

Very professional and diligent.

Key clients

Compañía de Seguros de Vida Consorcio Nacional de Seguros

Inversiones y Asesorías As de Guía


Polux HR

Work highlights

  • Assisted Compañía de Seguros de Vida Consorcio Nacional de Seguros with (reportedly) the first corporate venture capital investment of a Chilean traditional financial institution in a fintech company (PagoFácil).
  • Advised Compañía de Seguros de Vida Consorcio Nacional de Seguros on the implementation of a $20m corporate venture capital programme to invest in fintech and insurtech companies.
  • Advised Compañía de Seguros de Vida Consorcio Nacional de Seguros on a corporate venture capital investment of a Chilean traditional financial institution in an insurtech company (PolicyMe).

Energy and natural resources > Mining Tier 3

Barros & Errázuriz‘s mining practice advises on areas ranging from mining concessions, financing and mining project acquisitions to regulatory matters, leasing agreements and judicial defences. It is also expert in allied-areas that are integral to mining operations, such as desalination plants, ports, transmission lines, mining roads, water rights, community issues, and environmental matters. Experienced partners: Fernando Garrido (energy industry specialist); Vicente Cordero, whose international experience includes several years in New York; and senior associate Lucas Marinovic, who has an extensive corporate law practice, are the principal advisors. Moreover, since research concuded, the team has been strengthened with the significant hire of senior associate Felipe Allende -formerly at Bofill, Mir & Álvarez Jana– who joined as partner and practice co-head in October 2021. Since publication, Marinovic has been promoted to the partnership - effective March 2022.

Practice head(s):

Fernando Garrido; Felipe Allende

Key clients

Compañía Portuaria Mejillones


Asset AGF


Pro Drilling

Bray Controls

Exploration Drill Master Chile


Work highlights

  • Advised Compañía Portuaria Mejillones and Terminal Graneles del Norte on the preparation and submission of a tender bid.
  • Advised Asset AGF on the structuring of a private bidding process for the sale of its stake in Las Petacas, and the subsequent negotiation and closing of the transaction.
  • Adviseing drilling project development, administration and execution company, Pro Drilling, on corporate, regulatory and labour matters.

Chile > Insurance Tier 4

Barros & Errázuriz houses an eight-member team that advises insurance companies on corporate matters, regulatory issues, and the incorporation and establishment of insurance companies, as well as corporate governance matters and stock ownership. Other features of the practice include compliance, administrative procedures and insurance-related litigation. Carlos Ducci heads the insurance department, which includes the firm’s regulatory expert on insurance matters, Javier DíazSergio Eguiguren is additionally on hand at partner level, while Jorge Covarrubias and Albert Harsch are the insurance team's key associates.

Practice head(s):

Carlos Ducci; Javier Díaz

Key clients

Mapfre Compañía de Seguros Generales de Chile

SAVE BCL Compañía de Seguros de Vida



Colmena Seguros de Vida

Work highlights

  • Advised BTG Pactual Chile on the sale of life insurance company BTG Pactual Compañía de Seguros de Vida.
  • Assisted Sumitomo Mitsui Banking Corporation and Banco Security (as lenders) with the financing of two projects managed by Opdenergy Generación and its subsidiaries Eólica La Estrella and AustrianSolar Chile Uno, which included reviewing the guarantee insurance policy.
  • Assisted the lenders, including Natixis (New York Branch), Banco Santander and Deutsche Bank, with the financing of a project managed by EIG Global Energy Partners and its Chilean subsidiaries, which included advice on a construction all-risk insurance policy.

Founded in 1988, Barros & Errázuriz has positioned itself in the Chilean legal market as the youngest leading law firm, being the second largest firm in the country.

It offers legal advice in more than 30 practice areas, including mergers and acquisitions, banking and finance, capital markets, infrastructure, competition and antitrust, real estate, tax, environmental, telecommunications, natural resources, energy, and dispute resolution, among others.

Leader in each of the fields mentioned, according to prestigious international rankings, it offers a comprehensive and business-oriented approach, combining a particular expertise in areas for which our corporate and individual clients require precise solutions in their domestic and cross-border ventures.

Barros & Errázuriz has experienced continuous growth throughout its years with a broad base of local and foreign clients, whom it has accompanied in the most relevant operations of their businesses, some which have had great impact in the country in recent years.

Likewise, the firm is part of Affinitas, a network based in Latin America, composed of a group of prominent firms and renown leaders, in each of the countries where they operate: Barros & Errázuriz (Chile), Gómez Pinzón (Colombia), Mijares, Angoitía, Cortés & Fuentes SC (Mexico) and Miranda & Amado (Peru).

Main areas of practice
Antitrust: the firm has a distinguished record in advising on major cases before Chilean antitrust agencies. It has been retained in several regulated areas and transactions requiring merger control structure and agreements to ensure full compliance with the relevant legislation.

Banking and finance: the firm handles a broad range of issues, including secured and syndicated loans, transactions and guarantees, structured finance, project finance, leasing and tax-based finance.

Capital markets: the firm has been involved in ADR programs, bond offerings, IPOs of local companies and tender offers of publicly-traded companies. With high expertise in securities law, it has advised several traded companies, stockbrokers and a large portion of Chilean mutual and close-end investment funds.

Compliance: the firm provides advice related to the design, implementation and monitoring of policies and internal procedures in relation to corporate compliance with the legal and regulatory requirements applicable to commercial activities, and to corporate governance, risk management and anti-corruption practices.

Corporate: the firm has acted as counsel in areas including real estate and construction, stock brokerage and investment funds, pharmaceuticals, media enterprises (TV), private ports, hotels and tourism, agriculture and forestry, among others.

Energy and natural resources: with a strong practice, the firm acts as counsel to electricity generating companies, water, sewage and gas companies.

Environment and sustainable development: the firm advises on compliance with environmental regulations in the development of electrical, shipping, mining, forestry, real estate, chemical and concession projects.

Infrastructure: as a regular player in the largest infrastructure transactions in Chile, the firm has advised sponsors, public works concessionaires and lenders in connection with, inter-urban and urban highways, prisons, ports, airports, and energy and mining facilities.

Innovation and entrepreneurship: Barros & Errázuriz has committed to the development of the entrepreneurial ecosystem. The firm maintains a close contact with different incubators, accelerators and investors from our country and industry, highlighting our work with StartUp-Chile, the leading accelerator in Latin America, with which we coordinate the delivery of advice and mentoring to the StartUp-Chile Entrepreneur Network.

Insurance: the firm offers continuing legal advice to international clients with participation in local insurance companies, as well as to foreign reinsurance entities operatin in Chile.

Labour and employment: the firm possesses exceptional expertise in matters including collective bargaining, union affairs, litigation and due diligence processes for private and state-owned firms.

Dispute resolution and arbitration: the firm acts in a wide range of cases before civil courts and regulatory agencies. It specialises in commercial litigation, insolvency and coporate restructuring cases.  It also counsels several clients in local and internacional arbitrations.

Water rights: the firm gives advice in wide variety of matters related to water rights as a key asset of many industries.

M&A: as one of the firm’s core practice areas, the firm has been involved in many of the largest M&As in Chile, including private acquisitions in cross-border takeovers of listed companies, acquisitions of controlling and minority interests, divestitures and corporate restructuring programmes.

Real estate: the firm represents a variety of clients in all major real estate activities. It has been involved in several major real estate developments during the last decade in Chile.

Tax: the firm draws on rich experience in advising on tax planning and tax litigation. It also advises clients on incorporations, acquisitions, reorganizations and liquidations, with a strong practice in private stock and asset acquisitions, mergers, joint ventures, private equity funds and cross-border transactions.

Telecommunications and technology: the firm has advised clients including mobile services, IP telephony, 3G, long distance, internet services, rural telephony, satellite and broadcast television services. It is involved in relevant regulatory issues of telecommunication industry, before the Antitrust Commission and the Courts of Justice. Additionally, it has a deep experience in the negotiation closing of transactions in connection with new information technologies.

Public law: provides permanent legal advice to private parties and government agencies in a wide range of constitutional and administrative law matters, including regulatory issues.

Pro Bono
The firm has a commitment to provide pro bono legal services to people and institutions in need.

International work
The firm has extensive experience in cross-border transactions involving financing, corporate restructuring, M&A, foreign investments and international joint ventures. Over the past year it has handled some of the largest cross-border transactions in Chile, including toll road financing, international bidding process of utilities companies and liquidation of foreign investment funds.

Tax Fernando
Competition/antitrust - Energy/Natural resources - TMT José Tomás Errá
Capital Markets Cristián
Corporate/M&A Pablo
Real Estate - Urbanism - TMT José Ignacio
Corporate/M&A Carlos
Corporate/M&A Emilio Vá
Dispute resolution Luis Eduardo
Banking & Finance/ Projects Nicolás
Capital Markets Luis Alberto
Banking & Finance Bernardo
Capital markets Víctor
Tax Carola
Real Estate - Urbanism Patricio Soló
Real Estate -Urbanism Óscar
Energy/Natural Resources - Environment Fernando
Labor and employment Juan Cristóbal
Public law - Dispute resolution David
Capital Markets - Compliance Javier Dí
Dispute resolution Javier San Martí
Banking & Finance/ Projects Francisco de la
Corporate/M&A Sergio
Corporate/ M&A Vicente
Banking & Finance/ Projects Enrique
Competition/ Antitrust Francisco Bó
Dispute Resolution Jose Luis Corvalá
Francisco Bórquez  photo Francisco Bórquez Senior Associate, Barros & Errázuriz 
Nicolás Balmaceda  photo Nicolás Balmaceda Partner, Barros & Errázuriz.
Enrique Barros photo Enrique BarrosPartner
Cristián Barros  photo Cristián Barros Managing Partner Partner, Barros & Errázuriz
Fernando Barros  photo Fernando Barros Founding partner  Partner, Barros & Errázuriz.
Víctor Barros  photo Víctor Barros Partner, Barros & Errázuriz.
David Cademartori  photo David Cademartori Partner, Barros & Errázuriz.
Vicente Cordero  photo Vicente Cordero Partner
José Luis Corvalán  photo José Luis Corvalán Senior Associate, Barros & Errázuriz 
María Teresa Cremaschi  photo María Teresa Cremaschi Partner, Barros & Errázuriz.
Javier Díaz  photo Javier Díaz Partner, Barros & Errázuriz.
Francisco De la Barra  photo Francisco De la Barra Partner, Barros & Errázuriz.
Carlos Ducci  photo Carlos Ducci Partner, Barros & Errázuriz.
Sergio Eguiguren  photo Sergio Eguiguren Partner, Barros & Errázuriz.
José Tomás Errázuriz  photo José Tomás Errázuriz Founding partner  Partner, Barros & Errázuriz.
María Fernanda Espinosa  photo María Fernanda Espinosa Senior Associate, Barros & Errázuriz 
Fernando Garrido  photo Fernando Garrido Partner, Environment & Natural Resources, Barros & Errázuriz.
Pablo Guerrero  photo Pablo Guerrero Partner, Barros & Errázuriz.
Juan Cristóbal Iturrate  photo Juan Cristóbal Iturrate Partner, Barros & Errázuriz.
Luis Alberto Letelier  photo Luis Alberto Letelier Partner, Barros & Errázuriz.
Lucas Marinovic  photo Lucas Marinovic Senior Associate, Barros & Errázuriz 
Matias Montoya  photo Matias Montoya Counsel, Barros & Errázuriz 
José Ignacio Ovalle  photo José Ignacio Ovalle Partner, Barros & Errázuriz.
Cristóbal Pellegrini  photo Cristóbal Pellegrini Counsel, Barros & Errázuriz (2003).
María Olga Rivera  photo María Olga Rivera Senior Associate, Barros & Errázuriz
Óscar Ruiz-Tagle  photo Óscar Ruiz-Tagle Partner, Barros & Errázuriz.
Javier San Martín  photo Javier San Martín Partner, Barros & Errázuriz.
Juan Cristóbal Schmidt  photo Juan Cristóbal Schmidt Counsel, Barros & Errázuriz.
Evelyn Sepúlveda  photo Evelyn Sepúlveda Senior Associate, Barros & Errázuriz 
Bernardo Simian  photo Bernardo Simian Partner, Barros & Errázuriz (1998).
Patricio Solórzano  photo Patricio Solórzano Partner, Barros & Errázuriz 
Eduardo Tirado  photo Eduardo Tirado Senior Associate, Barros & Errázuriz
Luis Eduardo Toro  photo Luis Eduardo Toro Partner,  Barros & Errázuriz.
Carola Trucco  photo Carola Trucco Partner, Barros & Errázuriz.
Emilio Vásquez  photo Emilio Vásquez Partner, Barros & Errázuriz.
Director : 5
Associates : 102
Others : 76
Total staff : 209
Partners : 26