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AV. ISIDORA GOYENECHEA 2939, 10TH FLOOR, LAS CONDES, SANTIAGO, CHILE
Tel:
Work +56 2 2378 8900
Fax:
Fax +56 2 2362 0387
Email:
Web:
www.bye.cl

Chile

Banking and finance
Banking and finance - ranked: tier 1

Barros & Errázuriz

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.

Leading individuals

Francisco De la Barra - Barros & Errázuriz

Nicolás Balmaceda - Barros & Errázuriz

Rising stars

María Olga Rivera - Barros & Errázuriz

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Barros & Errázuriz

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.

Leading individuals

José Tomás Errázuriz - Barros & Errázuriz

Luis Eduardo Toro - Barros & Errázuriz

Rising stars

Francisco Bórquez - Barros & Errázuriz

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Barros & Errázuriz

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.

Leading individuals

Cristián Barros - Barros & Errázuriz

Fernando Barros - Barros & Errázuriz

Pablo Guerrero - Barros & Errázuriz

Next generation lawyers

Sergio  Eguiguren - Barros & Errázuriz

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Dispute resolution
Dispute resolution - ranked: tier 2

Barros & Errázuriz

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.

Leading individuals

Javier San Martín - Barros & Errázuriz

Luis Eduardo Toro - Barros & Errázuriz

Rising stars

José Luis Corvalán - Barros & Errázuriz

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Environment
Environment - ranked: tier 1

Barros & Errázuriz

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.

Leading individuals

Fernando Garrido - Barros & Errázuriz

Rising stars

Matías Montoya - Barros & Errázuriz

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Labour and employment
Labour and employment - ranked: tier 2

Barros & Errázuriz

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.

Leading individuals

Juan Cristóbal Iturrate - Barros & Errázuriz

Rising stars

María Fernanda Espinosa - Barros & Errázuriz

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Barros & Errázuriz

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.

Leading individuals

Nicolás Balmaceda - Barros & Errázuriz

Rising stars

Cristobal Pellegrini - Barros & Errázuriz

María Olga Rivera - Barros & Errázuriz

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Public law
Public law - ranked: tier 2

Barros & Errázuriz

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.

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Real estate
Real estate - ranked: tier 1

Barros & Errázuriz

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.

Leading individuals

José Ignacio Ovalle - Barros & Errázuriz

Patricio Solórzano - Barros & Errázuriz

Rising stars

Eduardo Tirado - Barros & Errázuriz

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TMT
TMT - ranked: tier 1

Barros & Errázuriz

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.

Leading individuals

José Ignacio Ovalle - Barros & Errázuriz

Rising stars

Carolina Cabrera - Barros & Errázuriz

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Tax
Tax - ranked: tier 1

Barros & Errázuriz

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.

Leading individuals

Fernando Barros - Barros & Errázuriz

María Teresa Cremaschi - Barros & Errázuriz

Next generation lawyers

Evelyn Sepúlveda - Barros & Errázuriz

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Chile: Energy and natural resources

Electricity/oil and gas
Electricity - ranked: tier 2

Barros & Errázuriz

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.

Leading individuals

Fernando Garrido - Barros & Errázuriz

José Tomás Errázuriz - Barros & Errázuriz

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