Firm Profile > Barros & Errázuriz > Santiago, Chile
Barros & Errázuriz Offices
AV. ISIDORA GOYENECHEA 2939, 10TH FLOOR
Barros & Errázuriz > The Legal 500 Rankings
Banking and finance Tier 1
Barros & Errázuriz's 'lawyers provide a service that is personal, diligent and includes a full understanding of clients' legal needs'. The firm's large, specialised team fields three partners who focus primarily on advising lenders and borrowers in financing transactions, as well as 13 lawyers with banking, finance and capital markets experience. The practice stands out for energy and infrastructure project-finance transactions and benefits from the firm's robust real estate, energy, environmental and regulatory groups. Other typical work includes secured, corporate and syndicated loans, cross-border deals, guarantee agreements, bond placements, leasing, and structured, project and acquisition finance. Clients include Banco Security, JP Morgan, Banco BICE, Banco Itaú Chile, Apollo Global Management, Mitsui and BTG Pactual Chile. Highlight matters saw the practice advise several lenders on the financing of a project managed by EIG Global Energy Partners (and its Chilean subsidiaries), involving the development and construction of a solar thermal power plant and associated interconnection facilities. The team also acted for Apollo Global Management on a mezzanine financing granted to Enfragen Capital and Enfragen Finance Company to fund both a stake in an equity contribution (under a senior finance credit agreement) and part of the acquisition of hydroelectric plants in Panama and Chile. The lender-counsel team is led by Francisco De la Barra, who 'brings trust and confidence to deals', while the debtor-counsel group is headed up by Nicolás Balmaceda; Bernardo Simian advises on both lender and debtor-side matters. Other key team members include recently appointed managing partner Cristián Barros, Pablo Guerrero, Luis Alberto Letelier, Víctor Barros and Javier Díaz. Senior associates María Olga Rivera and Enrique Barros are both noteworthy; former department co-head and managing partner Gonzalo Molina left the firm in mid-2018.
Corporate and M&A Tier 1
Corporate and M&A work is one of Barros & Errázuriz's core practice areas and the team's 'knowledge is not only legal... it also knows a lot about its clients' business'. The group regularly advises on the acquisition of controlling and minority interests, divestitures and corporate restructuring programmes; its lawyers also have vast expertise in the establishment of business structures and associations (including foreign investors setting up operations in Chile), as well as advice on joint venture and shareholder agreements. In addition, the practice regularly works in conjunction with the firm's banking and finance, competition, telecoms, energy and real estate groups on deals. Recent work highlights include acting for Japanese trading and investment conglomerate, Marubeni, on its $300m of Chilean gas distribution business GasValpo; and advising Agrosuper, Chile’s largest agribusiness conglomerate, on the $850m takeover of publicly-listed company Aquachile, the country’s largest salmon producer. In other work, the practice assisted Minera Valparaíso (together with its related entities) on the $502m sale of its majority stake in Puertos y Logística. The team heads are Pablo Guerrero, Bernardo Simian, Carlos Ducci and 'great partner' Emilio Vásquez; founding partner Fernando Barros, Cristián Barros, Sergio Eguiguren are additional names to note, while Vicente Cordero and Lucas Marinovic are experienced senior associates. Other active clients include Southern Cross, Evertec Group, Essbio, Grupo Inder and Colbún.
Environment Tier 1
Barros & Errázuriz 'has an outstanding environmental law team that brings a unique approach to the table; it also has the ability to work in interdisciplinary teams, smoothly integrating legal advice into company structures'. The nine-strong practice (one of the market's largest) is experienced in advising on the environmental law issues surrounding investment projects - including project design, environmental assessments, compliance programmes, and administrative appeals before the environmental authorities and dispute resolution before the courts. The practice also stands out for its work on desalination projects and has an additional specialisation in environmental emergency situations. In this latter area, the team recently acted for Oxiquim in a highly significant environmental crisis involving the alleged intoxication of over 1000 people from pollutants. Head of the firm's energy, environment and natural resources practices, Fernando Garrido also has relevant projects and transactional experience. He is backed by a formidable team of senior associates comprising former General Counsel of the Environmental Assessment Agency, practice director Matías Montoya , who is 'a rising star for environmental issues'; former SMA Chief of Staff Ignacio Urbina (environmental compliance, enforcement, strategy, due diligence and risk assessment); Guillermo García (environmental impact assessments, litigation and regulation); and World Bank-recognised local expert on water law, Pedro Pablo Ballivian (aquaculture, maritime environmental matters and desalinization projects). Clients include Interacid Trading (Chile), Colbún, Interconexión Eléctrica, Agrícola Topocalma, Acuimag and Eletrans.
Real estate Tier 1
Barros & Errázuriz's 'expert team' has a strong name in the market for real estate deals, including acquisitions and real estate development financing. Areas of particular focus are residential, commercial and industrial real estate, along with multi-family developments, hotels, retail premises and casinos. The practice also fields experts in infrastructure, construction, urban planning, and both real estate related contentious and tax matters. Active clients include Scotiabank, Ameris Capital, Rentas Falabella, Inmobiliaria Fortaleza and Credicorp. Recent mandates include advising BTG Pactual Real Estate Rents II Investment Fund on the purchase of 19 real estate assets and assisting Scotiabank with the sale of a bank branch. Oscar Ruiz-Tagle is 'an excellent lawyer who gives quality advice with perfect timing'; José Ignacio Ovalle, Patricio Solórzano and senior associates Eduardo Tirado and Alejandra Aránguiz are also key to the practice.
Tax Tier 1
Barros & Errázuriz's 'team synthesises tax complexity and comes to efficient and proactive solutions'. It is highly rated for its structuring of major domestic and international transactions as well as tax litigation, planning and due diligence; and the firm has launched a sub-department, which assists US Citizen clients with US Foreign Account Tax Compliance Act compliance issues. The client list includes Agrosuper, British American Tobacco Chile, Calzada Capital Partners, Colbún, and Constructora Socovesa, which the team successfully defended against a Chilean IRS tax claim in the Supreme Court. In transactional highlights, the team advised Caitan, a joint venture between Mitsui & Co and Técnicas de Desalinización de Aguas, on the tax aspects surrounding the construction financing for a desalination plant. Fernando Barros, Carola Trucco and María Teresa Cremaschi are highly rated, and Mauricio Bascuñán and Evelyn Sepúlveda are experienced senior associates; 'Trucco and Sepúlveda are excellent resources and navigate complex structures with ease and proactivity'. Tomás Kovacevic left the firm for Chile's Treasury Ministry.
TMT Tier 1
Barros & Errázuriz's 'strength is characterised by its professionalism and common sense when formulating strategy'. The TMT practice covers internet service providers, digital television permits, cloud computing, telecoms infrastructure regulation, data privacy, and mobile and landline services. Other areas of strength include IP issues, satellite licenses and complex technology agreements. Claro Chile, DirecTV, Omnispace, Accenture, Towercom and Everis are all clients, and recent work saw the team advise Claro Chile on mobile permits and authorisations, regulatory issues, and technology negotiations. Other matters include assisting Gastronomia y Negocios (Chile's largest franchisor of quick service restaurants), with the negotiation and drafting of IT agreements. José Tomás Errázuriz and José Ignacio Ovalle head the team, of which senior associates Carolina Cabrera and recently promoted Andrés Rodríguez are also members.
Competition and antitrust Tier 2
Increasingly operating as a stand-alone practice, Barros & Errázuriz's 'very responsive team has an international outlook, including a good understanding of EU-law principles, which makes it easier to deal with'. The eight-strong group has longstanding experience advising across the full spectrum of competition and antitrust matters, including administrative procedures, associated litigation, merger control and compliance advice; notable clients include Marubeni, Vitol, Coca Cola Embonor, Agrosuper, AT&T and DirecTV. Recent mandates have seen the team particularly active in the fisheries sector, advising Grupo Inder (Salmones Friosur, Piscícola Hornopirén and Salmones Frioaysén), for example, on an FNE notification regarding the $229m sale of its Atlantic salmon business to Exportadora Los Fiordos. Senior partner José Tomás Errázuriz and practice head Luis Eduardo Toro both have strong litigation profiles and deep competition-sector expertise. Dedicated to the sector, Francisco Bórquez is 'excellent for Chilean merger control advice'; he and José Luis Corvalán are the senior associates to note.
Dispute resolution Tier 2
Barros & Errázuriz's 'excellent' disputes team 'has specialists in a wide range of matters' and is well known for acting in contentious proceedings involving civil and commercial law, tax, bankruptcy, real estate and antitrust; the practice is particularly experienced in regulated areas such as energy and telecoms and also regularly acts in major construction project-related disputes. Active clients include Inmobiliaria El Plomo, Aguas del Valle, Colbún, Laureate International Universities, BTG Pactual Chile and Southern Cross. In recent matters the team acted for leading Brazilian investment bank, BTG Pactual, in an arbitration case brought by a private investor claiming that the breaching of an internal statute had caused a loss of investment fund value. José Tomás Errázuriz, Luis Eduardo Toro, David Cademártori and Javier San Martín are all highly-rated advisers; experienced senior associates José Luis Corvalán , Isidora Fernández and Cristián Pérez provide a strong second line.
Labour and employment Tier 2
Barros & Errázuriz's 'pragmatic practice' undertakes ongoing labour law advice, collective-bargaining matters, labour disputes, M&A-related labour issues, labour audits, and the full range of immigration matters. Active clients include Coca Cola Embonor, Hewlett-Packard, DirecTV Chile and Colbún; and recent matters include assising Williamson Balfour with collective bargaining matters. Key figure Juan Cristóbal Iturrate heads the team, which also includes experienced senior associates María Fernanda Espinosa, Carolina Carrillo and Pavel Alvarez; former senior associate Camila Herrera left for Della Maggiora, Eyzaguirre, Ferrada Abogados.
Projects and infrastructure Tier 2
The 26-strong team at Barros & Errázuriz advises developers, sponsors, constructors, operators, suppliers and financiers on the development and financing of large infrastructure and energy projects. Clients include Mitsui & Co, Banco Santander and Interchile; and recent highlights include advising Sociedad Concesionaria Vespucio Oriente (as project company), and Sacyr Concesiones and Aleatica (as sponsors), on the long-term project financing for an urban toll road concession. Eperienced partners Nicolás Balmaceda, Francisco De la Barra and Fernando Garrido are all highly regarded; following Gonzalo Molina's retirement from the practice, Bernardo Simian has moved from the firm's M&A group to replace him. A strong second line is made up of energy-head Cristóbal Pellegrini, María Olga Rivera and Enrique Barros V.
Public law Tier 2
The practice at Barros & Errázuriz is focused on constitutional and administrative law and economic regulatory matters, including government liability issues, public procurement, administrative contracts, contentious matters and expropriation issues. The team also assists with sanctions involving the gas, telecoms, electricity, water and wastewater, healthcare and education sectors; Esval, DirecTV, Colbún, Metrogas and Torres Unidas Chile are clients. Recent mandates saw the team defend chemical products manufacturer, Oxiquim, against environmental contamination claims before the civil courts and administrative agencies. Fouding partner José Tomás Errázuriz heads the department, David Cademartori is highly regarded, and Viviana Díaz is an experienced associate.
Barros & Errázuriz's 'results-oriented team has superb technical and business understanding, coupled with thoroughly creative legal thinking'. Its electricity-sector experience includes energy contracts, regulatory issues, project financing and dispute resolution, as well as a particular specialisation in energy generation and transmission matters. Other key areas include renewables and -in the water segment- the practice has become increasingly involved in desalination projects. Recent mandates saw the team advise Colbún on the reorganisation of its transmission assets. Department head José Tomás Errázuriz and Fernando Garrido are the main contacts; senior associate Cristóbal Pellegrini 'has great business sense' and is 'outstanding for negotiating major contracts'; and Pedro Pablo Ballivian is also a key associate. Other clients include Interconexión Eléctrica and Saesa.
Barros & Errázuriz > Firm Profile
Barros & Errázuriz Abogados has developed a strong full-service, business-oriented practice with a mix of local and international clients, advising multinational corporations, financial institutions and local companies on a broad range of matters. The firm specializes in antitrust, arbitration, banking and finance, capital markets, compliance, dispute resolution, environmental, energy, infrastructure, litigation, mergers and acquisitions, project finance, public law, real estate, tax, telecommunications, , and venture capital. It provides legal services for clients on their international operations and has close links with firms in Latin America, the US and Europe.
Beside its Network with international firms, it is a member of Affinitas, Latin American alliance composed of four leading law firms in each of the jurisdictions where they operate. Since its creation in 2004, Affinitas has been considered the most potential network in the region, due to the relevance and importance of each of its member firms.
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 & 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 & 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 & 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.
The firm has a commitment to provide pro bono legal services to people and institutions in need.
The firm has extensive experience in cross-broder transactions involving financing, corporate restructuring, M&A, foreign investments and internacional 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.
|Competition/antitrust - Energy/Natural resources - TMT||José Tomás Errázuriz|
|Capital markets||Cristián Barros|
|Real Estate - Urbanism - TMT||José Ignacio Ovalle|
|Competition/antitrust||Luis Eduardo Toro|
|Dispute resolution||Luis Eduardo Toro|
|Banking and finance||Nicolás Balmaceda|
|Capital markets||Luis Alberto Letelier|
|Tax||María Teresa Cremaschi|
|Capital markets||Víctor Barros|
|Real Estate - Urbanism||Patricio Solórzano|
|Real Estate -Urbanism||Óscar Ruiz-Tagle|
|Energy/natural resources - Environment||Fernando Garrido|
|Labor and employment||Juan Cristóbal Iturrate|
|Public law - Dispute resolution||David Cademartori|
|Capital markets - Compliance||Javier Díaz|
|Dispute resolution||Javier San Martín|
|Banking and finance||Francisco de la Barra|
|Mr Francisco Bórquez||View Profile|
|Mr Nicolás Balmaceda||View Profile|
|Mr Cristián Barros||View Profile|
|Mr Fernando Barros||View Profile|
|Mr Víctor Barros||View Profile|
|Mr David Cademartori||View Profile|
|Mr Vicente Cordero||View Profile|
|Mr José Luis Corvalán||View Profile|
|Mrs María Teresa Cremaschi||View Profile|
|Mr Javier Díaz||View Profile|
|Mr Francisco De la Barra||View Profile|
|Mr Carlos Ducci||View Profile|
|Mr Sergio Eguiguren||View Profile|
|Mr José Tomás Errázuriz||View Profile|
|Mrs María Fernanda Espinosa||View Profile|
|Mr Fernando Garrido||View Profile|
|Mr Pablo Guerrero||View Profile|
|Mr Juan Cristóbal Iturrate||View Profile|
|Mr Luis Alberto Letelier||View Profile|
|Mr Lucas Marinovic||View Profile|
|Mr Matias Montoya||View Profile|
|Mr José Ignacio Ovalle||View Profile|
|Mr Cristóbal Pellegrini||View Profile|
|Mrs María Olga Rivera||View Profile|
|Oscar Ruiz-Tagle||View Profile|
|Mr Javier San Martín||View Profile|
|Mr Juan Cristóbal Schmidt||View Profile|
|Mrs Evelyn Sepúlveda||View Profile|
|Mr Bernardo Simian||View Profile|
|Mr Patricio Solórzano||View Profile|
|Mr Eduardo Tirado||View Profile|
|Mr Luis Eduardo Toro||View Profile|
|Mrs Carola Trucco||View Profile|
|Mr Emilio Vásquez||View Profile|