Firm Profile > Barros & Errázuriz > Santiago, Chile

Barros & Errázuriz
AV. ISIDORA GOYENECHEA 2939, 10TH FLOOR
LAS CONDES
SANTIAGO
Chile

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 GuerreroLuis 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 partnerEmilio Vásquez; founding partner Fernando BarrosCristián 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 PellegriniMaría 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.

Electricity/oil and gas

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 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 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.

Department Name Email Telephone
Tax Fernando Barros
Competition/antitrust - Energy/Natural resources - TMT José Tomás Errázuriz
Capital markets Cristián Barros
Corporate/M&A Pablo Guerrero
Real Estate - Urbanism - TMT José Ignacio Ovalle
Competition/antitrust Luis Eduardo Toro
Corporate/M&A Carlos Ducci
Corporate/M&A Emilio Vásquez
Dispute resolution Luis Eduardo Toro
Banking and finance Nicolás Balmaceda
Capital markets Luis Alberto Letelier
Tax María Teresa Cremaschi
Corporate/M&A Bernardo Simian
Capital markets Víctor Barros
Tax Carola Trucco
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
Corporate/M&A Sergio Eguiguren
Photo Name Position Profile
Mr Francisco Bórquez  photo Mr Francisco Bórquez Senior Associate, Barros & Errázuriz 
Mr Nicolás Balmaceda  photo Mr Nicolás Balmaceda Partner, Barros & Errázuriz.
Mr Cristián Barros  photo Mr Cristián Barros Managing Partner Partner, Barros & Errázuriz
Mr Fernando Barros  photo Mr Fernando Barros Founding partner  Partner, Barros & Errázuriz.
Mr Víctor Barros  photo Mr Víctor Barros Partner, Barros & Errázuriz.
Mr David Cademartori  photo Mr David Cademartori Partner, Barros & Errázuriz.
Mr Vicente Cordero  photo Mr Vicente Cordero Partner, Barros & Errázuriz
Mr José Luis Corvalán  photo Mr José Luis Corvalán Senior Associate, Barros & Errázuriz 
Mrs María Teresa Cremaschi  photo Mrs María Teresa Cremaschi Partner, Barros & Errázuriz.
Mr Javier Díaz  photo Mr Javier Díaz Partner, Barros & Errázuriz.
Mr Francisco De la Barra  photo Mr Francisco De la Barra Partner, Barros & Errázuriz.
Mr Carlos Ducci  photo Mr Carlos Ducci Partner, Barros & Errázuriz.
Mr Sergio Eguiguren  photo Mr Sergio Eguiguren Partner, Barros & Errázuriz.
Mr José Tomás Errázuriz  photo Mr José Tomás Errázuriz Founding partner  Partner, Barros & Errázuriz.
Mrs María Fernanda Espinosa  photo Mrs María Fernanda Espinosa Senior Associate, Barros & Errázuriz 
Mr Fernando Garrido  photo Mr Fernando Garrido Partner, Environment & Natural Resources, Barros & Errázuriz.
Mr Pablo Guerrero  photo Mr Pablo Guerrero Partner, Barros & Errázuriz.
Mr Juan Cristóbal Iturrate  photo Mr Juan Cristóbal Iturrate Partner, Barros & Errázuriz.
Mr Luis Alberto Letelier  photo Mr Luis Alberto Letelier Partner, Barros & Errázuriz.
Mr Lucas Marinovic  photo Mr Lucas Marinovic Senior Associate, Barros & Errázuriz 
Mr Matias Montoya  photo Mr Matias Montoya Counsel, Barros & Errázuriz 
Mr José Ignacio Ovalle  photo Mr José Ignacio Ovalle Partner, Barros & Errázuriz.
Mr Cristóbal Pellegrini  photo Mr Cristóbal Pellegrini Counsel, Barros & Errázuriz (2003).
Mrs María Olga Rivera  photo Mrs María Olga Rivera Senior Associate, Barros & Errázuriz
 Oscar Ruiz-Tagle photo Oscar Ruiz-Tagle Partner, Barros & Errázuriz.
Mr Javier San Martín  photo Mr Javier San Martín Partner, Barros & Errázuriz.
Mr Juan Cristóbal Schmidt  photo Mr Juan Cristóbal Schmidt Counsel, Barros & Errázuriz.
Mrs Evelyn Sepúlveda  photo Mrs Evelyn Sepúlveda Senior Associate, Barros & Errázuriz 
Mr Bernardo Simian  photo Mr Bernardo Simian Partner, Barros & Errázuriz (1998).
Mr Patricio Solórzano  photo Mr Patricio Solórzano Partner, Barros & Errázuriz 
Mr Eduardo Tirado  photo Mr Eduardo Tirado Senior Associate, Barros & Errázuriz
Mr Luis Eduardo Toro  photo Mr Luis Eduardo Toro Partner,  Barros & Errázuriz.
Mrs Carola Trucco  photo Mrs Carola Trucco Partner, Barros & Errázuriz.
Mr Emilio Vásquez  photo Mr Emilio Vásquez Partner, Barros & Errázuriz.
Director : 5
Associates : 108
Others : 76
Total staff : 212
Spanish
English
German
French
Partners : 23