Cariola Díez Pérez-Cotapos > Santiago, Chile > Firm Profile

Cariola Díez Pérez-Cotapos
AV. ANDRÉS BELLO 2711, 19TH FLOOR
LAS CONDES
SANTIAGO
Chile

Chile > Corporate and M&A Tier 1

The ‘very complete' 44-strong practice at Cariola Díez Pérez-Cotapos is consistently sought out for its expertise in joint ventures, private equity and venture capital deals, as well as the acquisition of private and public companies. It also houses specialists in mergers and spin-offs, along with corporate restructuring transactions; and boasts a recent transactional track-record that is particularly strong in the mining, energy, infrastructure, insurance, media, and banking (/financial service) sectors, among others. The practice group houses a core group of highly in-demand partners; namely senior figures Francisco J Illanes (‘a leading lawyer in the local legal environment' who also has extensive international experience); corporate law expert Sergio Díez; M&A specialist Gerardo Varela; and Cristián Herrera, who advises on corporate/M&A, foreign investment and securities regulations; while Juan Pablo Matus and recently promoted Tomás Vidalboth demonstrate great technical knowledge'. Corporate, natural resources and mining law specialist Carlos Pérez-Cotapos; mining contracts expert Gonzalo Grez; and Andrea Saffie are also integral to the practice, as is José Luis Letelier, who has longstanding corporate law, M&A and foreign investment expertise. At senior associate level, María Francisca Salas and Sergio Balharry  are active M&A advisers.

Practice head(s):

José Luis Letelier; Francisco J Illanes; Sergio Díez; Gerardo Varela; Cristián Herrera; Juan Pablo Matus; Carlos Pérez-Cotapos; Gonzalo Grez; Andrea Saffie; Tomás Vidal; Sebastián Obach

Testimonials

Maintains solid work teams with a balance between experienced and junior lawyers, who have very good skills and good potential for professional growth.

Cariola has a very complete team of lawyers both at partner and associate level. The involvement and availability of the partners on our deal was total.

A very competent team that is always available, and provides a solid understanding of local law and substantiated answers.

A business-focused team that speaks the same language as clients.

The lawyers have the professional knowledge and ability to analyse very complex matters, and deliver diverse options -a practical approach, with a view to solving problems without losing sight of the options and risk analysis.

Francisco J Illanes is a leading lawyer in the local legal environment.

Both Juan Pablo Matus and Tomás Vidal demonstrate great technical knowledge ; and they are both very involved and available at all times. I would recommend them for future business in Chile.

Key clients

América Móvil

South 32

Gemini Investments

Enel

Warner Media

Empresas Soprole

Heineken Chile

Cognita

IBM

Pampa Group

Work highlights

  • Advised América Móvil (Claro Chile) on a joint venture with Liberty Latin America (VTR) to combine their respective operations in Chile on a 50/50 basis.
  • Advised South 32 on two conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation to acquire a 45% interest in the Sierra Gorda copper mine in Chile for $1.5bn.
  • Advised Gemini Investments on a $60m Series B financing round for Burn to Give, the largest insurtech fundraising round in Latin America to date.

Energy and natural resources > Mining Tier 1

The seven-strong mining team at full-service firm Cariola Díez Pérez-Cotapos has a particularly strong track record in mining companies’ M&A deals, as well as the exploration, development, financing and operation of mining projects. It also assists with worksite closures and associated aspects. The practice is jointly led by the 2021-2022 co-chair of the IBA Mining Committee, Carlos Pérez-Cotapos, who is regularly sought out for major foreign mining investment projects, mining sector-related M&A transactions, and the financing of mining projects; and Gonzalo Grez, who has notable expertise in mining-related hi-tech agreements, along with other mining-chain matters, community and land access issues, and cross-border transactions. Routinely handling mining and natural resources law work, senior associate Cristóbal Herrera leads the firm’s associate team for this area.

Practice head(s):

Carlos Pérez-Cotapos; Gonzalo Grez

Key clients

Rio Tinto

Newmont

NuevaUnion

Hudbay Minerals

Franco-Nevada

Norte Abierto

BHP

Minera Ricardo Resources

Trimetals

Moly-Cop

LS Nikko

Planta Recuperadora de Metales

South 32

Boart Longyear

Newcrest Mining

Solaris Copper

Silver Standard

JSW Steel

Lumina Capital

Minera Cordillera

Milpo

Iamgold Corporation

Bergbau Wagen

Work highlights

  • Advised South 32 on entering into two conditional binding agreements with Sumitomo Metal Mining and Sumitomo Corporation to acquire a 45% interest in the Sierra Gorda copper mine in Chile.
  • Advised Sandvik on the acquisition of DSI Underground Cordillera.
  • Advised Appian Capital Chile on the sale of approximately 30% of Compañia Minera Caserones SCM to Nomad Royalty Company.

Chile > Real estate Tier 1

Cariola Díez Pérez-Cotapos' ‘outstanding' eight-member practice is consistently sought out for significant real estate M&A transactions, such as the purchase and sale of shopping malls, office buildings and utilities’ real estate assets. It also houses experts in greenfield real-estate projects (notably, industrial plants and large data centres), as well as the regulations concerning urbanism and territorial development matters. It is additionally on hand to assist with the construction issues surrounding industrial, commercial and energy projects. Co-leading the group are Juan Pablo Matus, who advises on the development of shopping malls and industrial, office and residential projects; and Tomás Vidal (made partner in 2020), whose track record includes acting for foreign funds on the acquisition of office buildings in Chile and the management of condominiums. Within the associate pool, Daniela Fierro is ‘always available to solve complex issues'. Mónica Pavez moved in-house at Ripley Chile in June 2021.

Practice head(s):

Juan Pablo Matus; Tomás Vidal

Testimonials

Fast replies and well-trusted lawyers who always give solutions.

The reports and legal information that the team give are always trusty and complete.

Cariola has broad expertise and can handle all real estate matters in-house.

All the partners and associates we’ve dealt with at Cariola are professional, prompt and thorough in their work.

I have worked with the Cariola team for almost 10 years and it is an outstanding team. The lawyers are professional, responsive, practical and overall a pleasure to work with.

The lawyers provide excellent legal guidance but even more impressive is their ability to provide an all-round service, so as to assist foreign clients to do work effectively and efficiently in Chile – top-notch all the way!

Juan Pablo Matus is our primary contact and he is outstanding. He is a an excellent attorney and adviser in every respect, and his contributions have been invaluable to the success of our projects in Chile over the last decade.’

Associate Daniela Fierro is always available to solve complex issues, giving fast replies.

Key clients

Doppelmayr-Garaventa Group

Ripley Corp

IBM de Chile

Banco Ripley

Celulosa Arauco y Constitución

Inmobiliaria San Pedro Centro

Inmobiliaria ISA

Warner Media Group

Kankura

Claro Chile

Work highlights

  • Advised Celulosa Arauco on the preparation and execution of a master agreement, which included the sale (and promise of sale) of over 450 forestry properties.
  • Advised WarnerMedia on the real estate aspects of the sale of Chilean broadcaster Chilevisión to ViacomCBS.
  • Advised IBM de Chile on the real estate aspects of the transfer of its Global Technology Services segment to Kyndryl Chile, which included the transfer of leased and owned properties.

Chile > Banking and finance Tier 2

Routinely advising international banks, financial institutions, and private and state-owned companies, Cariola Díez Pérez-Cotapos‘ eleven-member banking and finance practice is particularly active in cross-border financings and structured finance transactions with complex security packages. Other key segments include project finance (particularly energy, mining and infrastructure projects); acquisition finance and domestic corporate financings; secured financing for agriculture producers and fish farming operations; and derivatives and trade finance. Fintech is also a growing area for the firm. The practice is co-led by senior partner, banking and finance veteran Francisco Illanes; renewable energy and infrastructure finance specialist Rodrigo Sepúlveda; and Juan Antonio Parodi, who has extensive experience in financing and refinancing transactions, syndicated loans and project finance. At senior associate level, Sergio Balharry‘s primarily corporate transactional practice also extends into  finance (and refinancing), securities matters and bankruptcy/restructuring.

Practice head(s):

Francisco Illanes; Rodrigo Sepúlveda; Juan Antonio Parodi

Testimonials

Recognised lawyers with prestige in the market.

Advice that builds trust and the lawyers are committed to the position and defence of our interests.

Rodrigo Sepúlveda is appreciated for his commitment, competence, management and results.

Key clients

Inter-American Development Bank

Inter-American Investment Corporation

Itaú Corpbanca

DNB Bank ASA

Rabobank

Commerzbank

Natixis (Hong Kong Branch)

Enel Chile

Esmax Distribución

Rentas e Inversiones Baker

Soltec Energías Renovables

BHP

Work highlights

  • Advised Inter-American Investment Corporation and the Inter-American Development Bank,as lenders, on a $125m financing to Engie Energía Chile for the development, construction, operation and maintenance of a renewable energy project.
  • Advised Natixis (Hong Kong Branch), as lender, on a credit facility, which was granted to State Grid Chile Holding.
  • Advised Itaú Corpbanca (as mandate lead arranger, administrative agent and lender) and Banco Santander-Chile, Banco del Estado de Chile and Banco de Crédito e Inversiones (as lenders) on the $70m restructuring of San Vicente Terminal Internacional (as borrower).

Chile > Capital markets Tier 2

The 11-strong practice at Cariola Díez Pérez-Cotapos routinely advises investment banks and financial advisers, as well as investors and issuers, on debt and equity securities' offerings in Chile and abroad. Examples include IPOs, 144A/Reg. S deals, private placements, American depositary receipts, and the public offering of securities on the international and Chilean markets. The team is co-led by widely respected senior partner Francisco J Illanes; Rodrigo Sepúlveda, whose CM practice focuses on debt issuances and other capital instruments, and who has extensive experience working with Chilena state-owned companies; and Juan Antonio Parodi, who acts for both issuers and underwriters. At senior associate level, Sergio Balharry has experience in bond issuances. Florencia Grez left for MBC Abogados in June 2021.

Key clients

Empresa de los Ferrocarriles del Estado

Automotores Gildemeister

Compañía Cervecerías Unidas

Esmax Distribución

Enel

Rentas e Inversiones Baker

Banco Ripley

Work highlights

  • Advised autonomous Chilean state-owned company Empresa de los Ferrocarriles del Estado on its $500m, Rule 144A/Reg.S senior notes issue, with Santander Investment Securities and Scotia Capital (USA) as initial purchasers.
  • Advised Compañía Cervecerías Unidas on the placement of its Rule 144A/Reg.S, $600m senior notes issue.
  • Advised Rentas e Inversiones Baker on its registration as new issuer, and the registration of its Series A and B notes issues, each for an amount of $52m (due 2026 and 2030, respectively).

Chile > Competition and antitrust Tier 2

The 11-strong, ‘very dedicated free competition practice‘ at Cariola Díez Pérez-Cotapos straddles the full range of both non-contentious and contentious competition work. The team’s expertise covers merger-control matters, along with cartel and abuse-of-dominance cases. Clients additionally benefit from the group’s retail industry expertise, as well as its ability to leverage the firm’s enviable IP credentials for competition issues. The competition practice is led by ‘excellent lawyerJuan Cristóbal Gumucio, who is highly rated for his experience in merger control, contentious antitrust cases involving cartels and unilateral conduct, and compliance programmes; corporate law specialist Gerardo Varela provides additional partner-level support. Within the associate pool, seniors Camila Rojas and Catalina González both regularly advise on merger transaction and compliance work, while Cristóbal Lema and José Manuel Donoso also maintain active competition practices.

Practice head(s):

Juan Cristóbal Gumucio; Gerardo Varela

Testimonials

A team that certainly covers the client’s needs in an integral way.

They penetrate and understand very well the particular needs of our business and take these into consideration when delivering legal recommendations – this is important when it comes to our operations.

Excellent and very dedicated free competition practice with deep knowledge.

They keep us updated on the issues that affect us, both in terms of jurisprudence and new laws that affect our business.

Great for the empathy with which the lawyers carry out their tasks.

This highly specialised team resolves highly technical aspects, and shows dedication and commitment to meeting deadlines – leaves us very satisfied with the quality of professionals at the firm and we feel part of the internal team.

Juan Cristóbal Gumucio is an excellent lawyer, who provides practical and applicable advice that demonstrates deep knowledge of the matters, as well as an understanding of the needs of our business.

Juan Cristóbal Gumucio and senior associate Camila Rojas know the matters on which they advise in depth, as well as the jurisprudence and approach of the authorities, which allow them to pre-empt potential conflicts.

Key clients

AT&T

WarnerMedia

Turner

CHV

CDF

Fonterra

Soprole

The Coca-Cola Company

American Airlines

Maxximiza

Iansa

Ripley

AZA

GNL Chile

Unilever

Sandvik

Emmerick

Tension

Sonacol

Santillana

Banmédica

Nutreco

Maersk

Cámara Innovación Farmacéutica

Sacyr Agua Santiago

Ole Communications

BHP

Caja Los Andes

New Hope Ecotech

Econeu

Cognita

Enel

Work highlights

  • Acted for AT&T WarnerMedia (before the FNE) in relation to its combination with Discovery.
  • Representing CDF in an alleged abuse-of-dominance case brought by the FNE and VTR.
  • Advised WarnerMedia’s subsidiary Turner on obtaining FNE approval for its sale of Chilevisión to Viacom CBS Network International.

Chile > Consumer and advertising law Tier 2

Cariola Díez Pérez-Cotapos' consumer and advertising law practice routinely acts for major advertising clients, while also assisting with heavyweight litigation and non-contentious advice surrounding food products’ labelling. The department additionally has impressive experience in acting before the Self-Regulating Advertising Board (CONAR), while in consumer-related work, the team assists with companies with consumer claims. Leading the technology, privacy and media group, Rodrigo Lavados is an IP specialist, whose practice also covers consumer protection; competition law practice head Juan Cristóbal Gumucio provides additional partner-level support; and senior associate Gabriel Pensa's broad practice expertise includes advertising, consumer protection and food labelling. In October 2021, former senior associate  Felipe Fernández left the firm to become a partner at Ernst & Young (Santiago).

Chile > Dispute resolution: arbitration Tier 2

Arbitration is a core area for full-service firm Cariola Díez Pérez-Cotapos and the 18-strong practice has longstanding experience in complex arbitral cases involving international infrastructure disputes, shareholder disputes, and mining companies’ energy supply contracts, among other matters. The arbitration group, which comprises partners who are 'personally involved in every case' and includes two CAM Santiago arbitrators, is co-led by Florencio Bernales, the current chair of the Chilean Bar’s Arbitration Commission; Fernando Urrutia , a construction arbitration expert; Raimundo Moreno , whose recent caseload includes investment arbitrations; and Jorge Boldt, who is active in both civil and criminal matters. At senior associate level, José Ignacio Azar is a former foreign associate in the international arbitration and dispute resolution group at Debevoise & Plimpton LLP's New York office, while Trinidad Torres' recent experience includes seconding Bernales in a number of significant arbitration proceedings.

Practice head(s):

Florencio Bernales; Fernando Urrutia; Raimundo Moreno; Jorge Boldt

Testimonials

Working with the Cariola Diez Perez-Cotapos team has several advantages: partners who are personally involved in every case, so I know that if I ask them at any time about the status of a case, they will answer me immediately; they share with the client the judicial strategy, which is especially valuable; and the price-quality ratio of the service is very good.

They are highly committed lawyers, very responsible, and with clear knowledge not only of the substantive regulations, but also litigation strategies. All our cases are entrusted to them.

Key clients

KPMG

Work highlights

  • Retained by a US law firm (as local counsel) in an investment arbitration carried out before the International Centre for Settlement of Investment Disputes.
  • Acted for KPMG Auditores Consultores in an arbitration involving the liability of former shareholders.

Chile > Dispute resolution: litigation Tier 2

A first-class, serious and reliable law firm', Cariola Díez Pérez-Cotapos houses an 18-member department that has a strong litigation track-record, frequently including disputes against the State or state agencies. Representative work includes litigation involving environmental, regulatory, energy, mining, securities and tax issues. Other areas of expertise range from construction disputes, insurance and torts, to competition and consumer protection issues, including class action defences. The litigation and arbitration practices are co-led by highly-regarded disputes specialist Florencio Bernales, who is ‘extremely focused on protecting clients’ businesses'; Fernando Urrutia is highly active in construction claims and insolvency-related proceedings; Raimundo Moreno (contractual and tort processes; unfair competition), who ‘stands out for his legal knowledge'; and Jorge Boldt , a civil and criminal law specialist. At senior associate level, José Ignacio Azar is a former Debevoise & Plimpton LLP foreign associate, while Trinidad Torres regularly seconds Bernales in litigation.

Practice head(s):

Florencio Bernales; Fernando Urrutia; Raimundo Moreno; Jorge Boldt

Testimonials

The team is very commercial and responsive, with an international outlook that is combined with in-depth knowledge of the local market, laws and regulations – real strength across the whole team.

Direct involvement of the partners who have constant relations with the client.

Cariola is a first-class, serious and reliable law firm.

Florencio Bernales is extremely focused on protecting clients’ businesses and providing effective customer service. He has extensive litigation experience.

Raimundo Moreno stands out for his legal knowledge, empathy and for always being available for consultation – he also always tries to understand clients’ realities, making things easier for us.

Key clients

Larrain Vial

Corredora de Bolsa

Empresa Nacional de Electricidad

Google

Minera Escondida

Minera Cerro Colorado

Empresa Nacional de Energía Enex

Mercado Libre

Adidas Chile

Dreams Chile

Work highlights

  • Defended Minera Escondida against The State of Chile’s claim for alleged environmental damage caused in the Punta Negra salt flats.
  • Representing Dreams Chile in two civil cases against the Casino Superintendence, in relation to the interpretation of the procedure for renewing casino permits.
  • Represented Google in several constitutional actions that were based on alleged violations of honour, privacy, the right to emotional wellbeing and the right to be forgotten.

Chile > Environment Tier 2

With ‘solid mastery of specific issues‘, Cariola Díez Pérez-Cotapos' six-strong practice is particularly noted for its environmental law advice on the development of industrial and telecoms facilities. Recent highlights include assisting ENEX with defending a sanctioning process initiated by the Environmental Superintendence for alleged non-compliance with light-pollution emission standards. The practice is co-led by Martín Astorga, who has longstanding experience in public and environmental law regulations, particularly environmental impact assessments (EIAs), atmospheric emissions and territorial planning; and energy, environmental and regulatory expert Gonzalo Jiménez (environmental impact studies, concessions and permits). At associate level, senior Verónica Cuadra is ‘accurate in her advice‘, while Raúl Alvarez and Miguel Ortiz are both active members of the firm’s regulatory and environmental law practices.

Practice head(s):

Martín Astorga; Gonzalo Jiménez

Testimonials

Solid mastery of specific issues and strong relations with the Public Ministry gave us security to carry out official procedures.

Stands out from other firms we have worked with.

This environmental team has been essential for the development of our project. Staying on top of the regulations and keeping us updated have been fundamental for us.

Solid opinions from different practice areas of the firm during the preparation of defence strategies and a great level of interest in the factual circumstances of the client’s business.

Availability to answer queries and requests, as well as technical knowledge – special mention to Martín Astorga.

Martín Astorga is a very reliable professional, who provides security for a project’s implementation, thanks to his collaboration with other departments of the firm.

Martín Astorga and senior associate Verónica Cuadra are outstanding.

Verónica Cuadra is accurate in her advice and efficient in her use of time and resources.

Key clients

ESMAX

IBM

Junta de Vigilancia de la Primera Sección del Río Aconcagua

Vidrios Lirquén

IANSA

Nutreco

Medtronic

ATCO

B Braun Medical

ENEX

Enel

Contopsa

Imerys

BHP Billiton

Celulosa Arauco

Minera Cordillera

New Hope

South 32

Sacyr Agua

Work highlights

  • Assisted Enel, which requested a report on the strategy required to face the emergency use of diesel at the San Isidro Power Plant.
  • Assisted Vidrios Lirquén with three matters, including the presentation of a letter of pertinence confirming that modifications did not need to be environmentally evaluated.
  • Assisted South 32 with a due diligence process for the purchase of a significant stake in Minera Sierra Gorda, which involved assessing the environmental conditions for the operation of a tailings dam.

Chile > Labour and employment Tier 2

The six-strong practice at Cariola Díez Pérez-Cotapos has a strong market reputation for its experience in collective bargaining, immigration and company restructuring-related labour issues. It is also sought out for its experience in compensation packages, stock option plans, data privacy-related labour matters, and the tax aspects of labour benefits. Clients additionally benefit from the firm’s Chilean membership of L&E Global (a worldwide alliance of employers’ counsel). The practice is jointly headed by Ricardo Tisi  , who ‘stands out for his knowledge of labour and trade union matters‘, and labour and corporate immigration specialist Bárbara Zlatar , who was made partner in January 2022 (as was labour law and people management expert Ignacia López  in April). At associate level, Sebastián Krebs  has significant expertise in labour trials. Josefina Rivera left the firm in September 2021.

Practice head(s):

Ricardo Tisi; Bárbara Zlatar

Testimonials

A team that strengthens diversity and with a very good disposition as a business partner.

Great availability and knowledge.

A solid team that provides solid support for both labour law matters and complex labor lawsuits.

An experienced team when accompanying clients during complex negotiations such as collective agreements.

Strong professional knowledge for very complex cases, with the ability and experience to conduct sophisticated analyses and deliver diverse options to consider.

Practical approach, solving problems without losing sight of the options and risk analysis.’

Ricardo Tisi is a leading lawyer in the local legal environment.

Ricardo Tisi is a great lawyer, who gets involved with the needs of his clients and is available to serve his clients. He stands out for his knowledge of labour and trade union matters.

Key clients

IBM de Chile

B Braun

Inversiones Asinara

Ripley

Coca Cola

Soprole

Prolesur

Industria Metalúrgica

International Paper Cartones

Experian Services Chile

Globant

Work highlights

  • Advised Soprole on two collective bargaining processes.
  • Advised IBM de Chile on a collective bargaining matter.
  • Advised Prolesur on a collective bargaining process.

Chile > Projects and infrastructure Tier 2

The 20-strong team at Cariola Díez Pérez-Cotapos‘ has a strong track record in greenfield energy, telecoms and mining projects, as well as being active in infrastructure and real estate matters. Being full-service, the practice’s infrastructure expertise includes planning, development and construction issues, as well as M&A and financing. The group is jointly led by seven partners: mining expert Carlos Pérez-Cotapos; managing partner Juan Pablo Matus, who advises on corporate matters, M&A and real estate law; Cristián Herrera whose broad practice includes infrastructure projects; natural resources and mining co-leader Gonzalo Grez; regulatory law head Gonzalo Jiménez; Rodrigo Sepúlveda, who acts on the financing of electricity distribution and generation projects; and commercial, corporate and real estate specialist Tomás Vidal (a partner since 2020). Associates Verónica Cuadra, Daniela Fierro  and Cristóbal Herrera are also key team members.

Practice head(s):

Carlos Pérez-Cotapos; Juan Pablo Matus; Cristián Herrera; Gonzalo Grez; Gonzalo Jiménez; Rodrigo Sepúlveda; Tomás Vidal

Key clients

Doppelmayr-Garaventa Group

Itaú Corpbanca

Banco Santander-Chile

Banco del Estado de Chile

Banco de Crédito e Inversiones

Inter-American Investment Corporation

Banco Security

Consortium comprising Colbún, EDF and Sigdo Koppers

Consortium comprising dnata and Cargo Mobility

Compañía Minera Cordillera Chile

Work highlights

  • Advised Doppelmayr-Garaventa Group on its participation in the bidding process for a construction contract, which involves the design and construction of an urban monocable system.
  • Advised Inter-American Investment Corporation and the Inter-American Development Bank on a $125m financing to Engie Energía Chile for the development, construction, operation and maintenance of a renewable energy project.
  • Advised a consortium, comprising Colbún, EDF and Sigdo Koppers, on the tendering process for new transmission assets.

Chile > TMT Tier 2

Cariola Díez Pérez-Cotapos' sizeable TMT department is sought out by IT, telecoms, media and internet companies for its advice on joint ventures, investments, disputes and transactional IP matters. The firm also fields regulatory specialists in relation to IT and media projects, while additional specialisms include data processing, along with infrastructure projects involving technology components and corporate issues. The firm’s technology, privacy and media group is co-led by software and database expert, Rodrigo Lavados, who additionally assists with IP work; and Francisco Illanes, who also leads the financial, banking and capital markets group. Among the firm’s senior associate pool, Gabriel Pensa's practice includes IT, telecoms and data protection work. Felipe Fernández exited the firm to join Ernst & Young (Santiago) in November 2021.

Chile > Bankruptcy, insolvency and restructuring Tier 3

The seven-member team at Cariola Díez Pérez-Cotapos is regularly retained for complex liquidation and reorganisation proceedings; and clients benefit from the practice’s ability to combine its expertise in bankruptcy proceedings and financial restructuring, with the wider firm’s capabilities in tax, litigation, and white-collar crime. The insolvency department is co-led by Fernando Urrutia, whose litigation workload includes reorganisations and bankruptcy cases, and Raimundo Moreno, who frequently handles reorganisation and liquidation proceedings. Litigation and arbitration associate José Pedro Villablanca is also a key team member.

Key clients

Banmédica Group

Finameris Servicios Financieros

Banco de Chile

B Braun Medical

Sandvik

Automotores Gildemeister

IBM

Clear Springs

The Walt Disney Company Chile

Inversiones NL

Westgard Investment

Work highlights

  • Acted on behalf of 22 Banmédica-related companies in a reorganisation proceeding initiated by Isapre Masvida.
  • Advised Finameris Servicios Financieros on the insolvency of wood processing company Innovaciones Forestales and related party Forestal Los Acacios.
  • Acted for Banco de Chile in LATAM’s Chapter 11 reorganisation proceedings before the United States Bankruptcy Court for the Southern District of New York.

Chile > Compliance Tier 3

The four-strong compliance department at Cariola Díez Pérez-Cotapos routinely assists with administrative infringements involving internal fraud, investigations, and fraud committed against third parties. Representative work ranges from criminal proceedings to the implementation and monitoring of compliance models. In recent highlights, the team advised DNB Bank (Agencia en Chile) on the design and implementation of a money laundering and terrorist financing compliance programme. A partner since 2018, arbitration and litigation specialist Jorge Boldt   -who also heads up the firm’s white-collar practice- has an active compliance practice; associates Lorena Avendaño  and Simona Marquet  similarly assist with dispute resolution, white-collar and compliance work.

Practice head(s):

Jorge Boldt

Work highlights

  • Assisted B Braun with its compliance programme’s certification process.
  • Advised DNB Bank’s Chilean Agency on the design and implementation of a money laundering and terrorist financing compliance programme.
  • Designed and implemented Transvip’s antitrust compliance programme.

Chile > Data privacy Tier 3

Cariola Díez Pérez-Cotapos‘s technology, privacy and media group is headed up by Rodrigo Lavados (a partner since 2015), who, in addition to his strong focus on software and database-related IP matters, specialises in data privacy work. Lavados’ also handles fintech regulation, advertising, entertainment law, image law, unfair competition and consumer protection matters. At senior associate level, Gabriel Pensa advises on IT, telecoms and data protection matters. Felipe Fernández joined Ernst & Young (Santiago) as an associated partner in November 2021.

Chile > Dispute resolution: white-collar crime Tier 3

Traditionally known for intellectual and industrial property-related criminal matters, Cariola Díez Pérez-Cotapos‘ white-collar and compliance practice was formally established in 2016 by Jorge Boldt, whose practice covers companies’ internal investigations, the design and implementation of compliance models, and trials involving economic crimes. The five-strong group is also experienced in assisting with major cases involving internal and external frauds, unlawful administration, corruption and tax crimes; the majority of the team’s work focuses on criminal claimant-side matters and victim’s advisory and assessment, rather than criminal defence. Key senior associate Lorena Avendaño frequently seconds Boldt during criminal cases and internal investigations, while Pablo Cariola handles criminal matters concerning IP infringements.

Practice head(s):

Jorge Boldt

Key clients

Connors

Honda Motors

Google

Ripley

Sandvik Chile

KPMG Chile

Nueva Unión

Lego

Work highlights

  • Assisted Connors with the filing of a criminal action in relation to the Inverlink fraud.
  • Acted for Ripley in relation to a fraud-related criminal investigation.
  • Defended Sandvik against a criminal claim involving an alleged fraud.

Energy and natural resources > Electricity and hydrocarbon Tier 3

The recent track record of Cariola Díez Pérez-Cotapos' seven-strong group includes advising on gas pipelines, coal-fired power plants developments, and energy companies’ M&A. Its experience also includes the financing for a marine natural gas regasification terminal, PPA contracts, non-conventional renewable energy (NCRE) projects, green hydrogen production; and energy supply contract-related arbitrations. Heading the practice, Gonzalo Jiménez's experience includes assisting local electricity-consuming companies with tender processes; Sergio Díez is a specialist in wind farm greenfield projects; and Martín Astorga is noted for the environmental aspect of energy projects. Key associate Verónica Cuadra routinely advises on electricity regulations.

Practice head(s):

Gonzalo Jiménez

Testimonials

Very strong corporate and natural resources practices, with good support in other areas as well.

The lawyers have always provided a personal touch, as well as great responsiveness – second to none!

Key clients

ATCO

Kelar

Metro de Santiago

Soprole

Brookfield

Nutreco

BO Paper

Vidrios Lirquén

Himin Solar

Work highlights

  • Advising ATCO on the best strategy for its energy projects in Chile.
  • Acting for Metro de Santiago on electricity law matters.
  • Advised Himin Solar Group on the acquisition of a photovoltaic plant.

Chile > Public law Tier 3

Cariola Díez Pérez-Cotapos‘ six-member regulatory law department comprises experts in the relationships between private companies and governmental agencies and institutions. The team is particularly focused on environmental matters and energy projects, while also offering assistance with matters ranging from gas distribution, water regulations, telecoms and retail, to medical devices, public procurement, urban planning, and the food and beverage sector. The practice is co-led by regulatory law specialist Gonzalo Jiménez  , and Martín Astorga  , whose track record includes sanctions proceedings before the administrative authorities, as well as related legal claims. At associate level, senior Verónica Cuadra , as well as Miguel Ortiz , Raúl Alvarez  and Beatriz Prieto  are all active team members.

Practice head(s):

Gonzalo Jiménez; Martín Astorga

Key clients

Sodexo

IBM

Nutreco

Google

Enex

ATCO

Prolesur

Asociación Chilena de Operadores de Servicios por Suscripción

B Braun Medical

Medtronic Latin America

Work highlights

  • Assisted Sodexo with the legal requirements to be met to enable its expansion in Chile.
  • Assisted Asociación Chilena de Operadores de Servicios por Suscripción with filing a request to the General Comptroller of the Republic for an opinion on the legality of regulations.
  • Advised IBM on the legal requirements to be met to comply with local regulations, in relation to a public procurement bidding process with Codelco (a government-owned mining company).

Chile > Venture capital Tier 3

Cariola Díez Pérez-Cotapos‘ seven-strong team advises entrepreneurs and emerging private companies at every stage of growth. Its expertise includes corporate governance, service contracts and shareholder agreements. The group is also experienced in related legal areas, such as new technologies, IP, data privacy and corporate law. The start-up and VC teams are co-led by Rodrigo Lavados, whose practice covers software licenses, trade marks, technology transfer contracts, and technology-related projects; and Andrea Saffie (promoted to partner in 2020), whose sector expertise encompasses investment funds and family offices. Senior associate Ernesto Eckholt's experience includes the structuring, formation and operation of venture capital.

Practice head(s):

Andrea Saffie; Rodrigo Lavados

Key clients

WeWork

Datamart

Desert Point

Krealo (Credicorp Branch)

Alpha FX

qScire

Metafin Capital

Work highlights

  • Assisted WeWork Chile with reviewing contracts.
  • Advised qScire on its seed financing.
  • Assisted Datamart with compliance matters.

Chile > Insurance Tier 4

Cariola Díez Pérez-Cotapos‘ four-member group routinely assists with claims against insurance companies that involve policies for construction, mining projects, commercial stores and distribution centres. It also advises insurance companies, brokers and banks on the development of new business; assists with reviewing insurance policies and insurance programmes; and acts on large insurance M&A transactions. The department is co-led by insurance disputes specialist Florencio Bernales, who also heads the litigation group; and Tomás Vidal, whose track record includes negotiating insurance policies. The associates to note are Daniel Washington, who assists with insurance policy claims and obligations, and insurance litigator Trinidad Torres.

Practice head(s):

Florencio Bernales; Tomás Vidal

Testimonials

Its strengths are its knowledge, and the ability to explain situations and legal implications through strategy and attention.

Excellent attention and knowledge of the circumstances and implications of cases.

Differs from other law firms for its quality and immediate advice, and the lawyers have a deep understanding of law and are very skilled.

Key clients

Ripley Corp

Banco Ripley

Isapre Banmédica

Marsh Corredores de Seguros

Guy Carpenter & Company Corredores de Reaseguros

Isapre Vida Tres

Banmédica

Ortúzar Corredores de Seguros

Enel Distribución Chile

Work highlights

  • Advised Banmédica (and its affiliate Banmédica Internacional) on the acquisition of all the shares in Chilean life insurance company HDI Seguros de Vida.
  • Advised Banco Ripley (and its affiliate Corredora de Seguros Ripley) on several regulatory matters.
  • Acted for Isapre Vida Tres and Isapre Banmédica in claims before the Chilean IRS, which concerned the treatment of litigation costs as accepted or rejected expenses.

Chile > Tax Tier 4

The six-member tax department at Cariola Díez Pérez-Cotapos routinely leverages the firm’s strong credentials in corporate law, litigation and mining matters. The group’s HNW expertise is also growing rapidly, with the team regularly mandated to structure investment plans by renowned investment banks and family offices in Chile. The tax practice is led by the director of the local branch of the International Fiscal Association, Javier Cerón, a ‘professional who always proposes alternative solutions'; while María Paz De Carcer is a key tax law associate.

Practice head(s):

Javier Cerón

Testimonials

The team is made up of top-level professionals, with extensive experience in various areas.

I would highlight partner Javier Cerón for his recognised experience and career in tax matters. Javier diligently attends to our queries, and is a professional who always proposes alternative solutions to our various queries.

Javier Cerón has accompanied us for many years as a tax adviser and knows our history from the beginning, which makes the understanding of issues more agile.

Key clients

Disney

Coca Cola

Google

Soprole

Pontificia Universidad Católica

IBM

Banmédica

Canal del Fútbol

DNB

Rabobank

Mercado Libre

JSW Steel

WeWork

Campbell Group

Brookfield Asset Management

Work highlights

  • Advised IBM on the Chilean tax structure for a spin-off involving 115 countries.
  • Advised WeWork on both the tax structure for the transfer of ownership participation and the capital contribution of Softbank into the WeWork group.
  • Advised Enel on the tax aspects of a tender offer for the acquisition of American depositary shares of its listed subsidiary Enel Americas.

Cariola Díez Pérez-Cotapos (Cariola) is Chile’s leading law firm with more than 100 attorneys and a multidisciplinary team of supporting staff of approximately 250 people. As a full-service firm, Cariola Díez Pérez-Cotapos always  adds value to every client through all of the available areas of practice: general corporate; mergers and acquisitions; mining and natural resources; environmental; banking, finance, project finance and capital markets; constitutional law; regulatory law; tax; antitrust and competition; labor, social security and immigration; litigation and arbitration; white-collar and compliance; energy (hydro, solar, wind, biomass, thermal, geothermal); oil and gas; transportation and infrastructure; technology, privacy and media; hotels, resorts and casinos; aquaculture and fisheries; intellectual property; real estate and urban development; insurance; insolvency; family offices and holdings and venture capital.

Cariola is proud of being one of the top firms in Chile due to its local and international experience. The firm has been advising international and foreign large and mid-sized companies in different transactions for more than 50 years; many of those companies are still very committed as clients. The firm frequently joins international working groups in connection with acquisitions, due diligence, project work, tax planning, corporate compliance, antitrust and litigation. Cariola also outstands in advising foreign investors, foreign banks and financial institutions carrying out financial transactions and/or structuring project financing in Chile. The firm’s lawyers are accustomed to working in close co-ordination with in-house legal counsel of international corporations and international law firms.

Cariola has also created an extensive network of international contacts currently in more than 250 cities in 80 countries to provide a broader global vision. This allows our lawyers to develop an international legal practice, focusing on acquiring global skills and a disruptive mindset in which teamwork is essential for co-creating the expertise of each area.

Cariola’s lawyers are trained to be proactive in the best interest of clients, especially those based abroad. They are on top of legal and business developments and provide information on changes in the legal framework and policies, informing on the effects that these changes might have for clients and their projects.

The partners and associate lawyers of Cariola are outstanding practitioners and have gained recognition in the academic field by lecturing as professors in Chile’s most respected law schools and universities. The team are at least bilingual, and many members of the firm hold postgraduate degrees from universities in the US or Europe and have spent time abroad training at international law firms.

The firm has at least one partner in charge of an assigned case, leading a team of associate lawyers and specialized attorneys who provide the best solution across all areas of law. During a transaction, a leading partner works with the most experienced and specialized lawyers in their areas of practice, encouraging their specialty in the different areas and giving an excellent service to clients.

During the last few years, the firm’s Asia-Pacific practice has increased its presence in Asia-Pacific, especially in China, by organizing and participating in seminars and conferences in China and establishing contacts with Chinese authorities, chambers of commerce and other social and business organizations. In our client portfolio we are proud to have several Chinese companies, both state-owned and private, engaged in sectors of business such as mining, agroindustry, automotive, industrial and heavy machinery. In order to consolidate our relationship with Asian investors, our firm has created the Asia-Pacific practice through which we are prepared to conduct all the China- and Asia-Pacific-related transactions handled by our firm and to provide specialized services to our clients.

All intellectual property services are provided through our sister firm, Sargent & Krahn, which has been the top firm in this field in Chile ever since 1889. These services encompass: trademarks; patents, life sciences; utility models and industrial designs; pharmaceutical; copyrights; technology, privacy, cybersecurity and media; domain names; contracts; unfair competition and consumer protection; litigation; geographical indications; designations of origin and plant breeder’s rights.

DepartmentNameEmailTelephone
Antitrust / Competition Juan Cristóbal Gumuciojcgumucio@cariola.cl+562 2368 3559
Banking, Finance and Capital Markets Francisco J. Illanesfjillanes@cariola.cl+562 2360 4040
Banking, Finance and Capital Markets Rodrigo Sepúlvedarsepulveda@cariola.cl+562 2360 4042
Banking, Finance and Capital Markets Juan Antonio Parodijparodi@cariola.cl+562 2360 4048
Corporate and M&A Francisco J. Illanesfjillanes@cariola.cl+562 2360 4040
Corporate and M&A José Luis Letelierjletelier@cariola.cl+562 2368 3588
Corporate and M&A Sergio Díezsdiez@cariola.cl+562 2368 3583
Corporate and M&A Carlos Pérez-Cotaposcperez-cotapos@cariola.cl+562 2368 3591
Corporate and M&A Gerardo Varelagvarela@cariola.cl+562 2368 3585
Corporate and M&A Juan Pablo Matusjpmatus@cariola.cl+562 2368 3588
Corporate and M&A Cristián Herreracherrera@cariola.cl+562 2368 3596
Corporate and M&A Gonzalo Grezggrez@cariola.cl+562 2368 3591
Corporate and M&A Tomás Vidaltvidal@cariola.cl+562 2655 6078
Corporate and M&A Andrea Saffieasaffie@cariola.cl+562 2368 3578
Energy Gonzalo Jiménezgjimenez@cariola.cl+562 2360 4047
Energy Sergio Díezsdiez@cariola.cl+562 2368 3583
Environmental Gonzalo Jiménezgjimenez@cariola.cl+562 2360 4047
Environmental Martín Astorgamastorga@cariola.cl+562 2360 4047
Intellectual Property Alfredo Montaneramontaner@sargent.cl+562 2368 3557
Intellectual Property Juan Pablo Egañajpegana@sargent.cl+562 2368 3554
Intellectual Property Rodrigo Lavadosrlavados@sargent.cl+562 2368 3557
Intellectual Property Eduardo Loboselobos@sargent.cl+562 2360 4038
Intellectual Property Cristián Barroscbarros@sargent.cl+562 2368 3511
Litigation and Arbitration Florencio Bernalesfbernales@cariola.cl+562 2360 4006
Litigation and Arbitration Fernando Urrutiafurrutia@cariola.cl+562 2655 6006
Litigation and Arbitration Raimundo Morenormoreno@cariola.cl+562 2360 4006
Litigation and Arbitration Jorge Boldtjboldt@cariola.cl+562 2655 6006
Labor Law, Social Security and Immigration Ricardo Tisirtisi@cariola.cl+562 2360 4028
Labor Law, Social Security and Immigration Bárbara Zlatarbzlatar@cariola.cl+562 2368 3575
Labor Law, Social Security and Immigration Ignacia Lópezilopez@cariola.cl+56 2 2368 3568
Mining and Natural Resources Carlos Pérez-Cotaposcperez-cotapos@cariola.cl+562 2368 3591
Mining and Natural Resources Gonzalo Grezggrez@cariola.cl+562 2368 3591
Real Estate and Urban Development Juan Pablo Matusjpmatus@cariola.cl+562 2368 3588
Real Estate and Urban Development Tomás Vidaltvidal@cariola.cl+562 2655 6078
Taxation Javier Cerónjceron@cariola.cl+562 2360 4028
White Collar and Compliance Jorge Boldtjboldt@cariola.cl+562 2655 6006
PhotoNamePositionProfile
Martín Astorga photoMr Martín AstorgaPartner – Environmental and Regulatory Law
Cristián Barros photoMr Cristián BarrosPartner at Sargent & Krahn (Our IP sister firm) – Intellectual Property
Florencio Bernales photoMr Florencio BernalesPartner – Litigation and Arbitration
Jorge Boldt photoMr Jorge BoldtPartner – Litigation and Arbitration / White Collar and Compliance
Javier Cerón photoMr Javier CerónPartner – Taxation
Sergio Díez photoMr Sergio DíezPartner – Corporate, M&A, energy, fisheries and aquaculture, Asia-Pacific, hotels, resorts and…
Juan Pablo Egaña photoMr Juan Pablo EgañaPartner at Sargent & Krahn (Our IP sister firm) – Intellectual Property
Gonzalo Grez photoMr Gonzalo GrezPartner – Mining and Natural Resources, Project Development and Communities, Corporate and…
Juan Cristóbal Gumucio photoMr Juan Cristóbal GumucioPartner – Competition / Antitrust
Cristián Herrera photoMr Cristián HerreraPartner – Corporate, M&A, Foreign Investment and Infrastructure.
Francisco J Illanes photoMr Francisco J IllanesSenior Partner  – Banking, Finance, Capital Markets, Corporate and M&A, Technology, Privacy…
Gonzalo Jiménez photoMr Gonzalo JiménezPartner – Energy, Environmental and Regulatory law.
Rodrigo Lavados photoMr Rodrigo LavadosPartner – Intellectual Property, Technology, Privacy and Media.
José Luis Letelier photoMr José Luis LetelierPartner – Corporate /Mergers and Acquisitions/Foreign Investment
Eduardo Lobos photoMr Eduardo LobosPartner at Sargent & Krahn (Our IP sister firm) – Intellectual Property
Juan Pablo Matus photoMr Juan Pablo MatusManaging Partner – Corporate and M&A and Real Estate and Urban Development.
Alfredo Montaner photoMr Alfredo MontanerPartner at Sargent & Krahn (Our IP sister firm) – Intellectual Property
Raimundo Moreno photoMr Raimundo MorenoPartner – Litigation and Arbitration
Juan Antonio Parodi photoMr Juan Antonio ParodiPartner – Banking, Finance and Capital Markets
Carlos Pérez-Cotapos photoMr Carlos Pérez-CotaposPartner – Mining and Natural Resources,Projects, Energy, Corporate and M&A.
Andrea Saffie photoMs Andrea SaffiePartner – Corporate, M&A, Family Offices and Holdings and Foreign Investment
Rodrigo Sepúlveda photoMr Rodrigo SepúlvedaPartner – Banking, Finance and Capital Markets, Securities and Foreign Investment.
Ricardo Tisi photoMr Ricardo TisiPartner – Labor Law, Social Security and Immigration.
Fernando Urrutia photoMr Fernando UrrutiaPartner – Litigation and Arbitration
Gerardo Varela photoMr Gerardo VarelaPartner – Corporate, M&A, Family offices and Holdings
Tomás Vidal photoMr Tomás VidalPartner – Corporate, M&A, Real Estate and Urban Planning and Insurance
Bárbara Zlatar photoMs Bárbara ZlatarPartner
Other fee-earners : 77
Total staff : 250
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