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AV. ANDRÉS BELLO 2711, 19TH FLOOR, LAS CONDES, SANTIAGO, CHILE
Tel:
Work +56 2 2360 4000
Fax:
Fax +56 2 2360 4030
Email:
Web:
www.cariola.cl

Chile

Banking and finance
Banking and finance - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos' 'lawyers are effective and responsive, and give sound advice; they are also commercially minded and work well with counterparties to close deals'. The 12-strong practice group is highly rated for its structuring of financial transactions, particularly cross-border loans. Other key areas include project finance in relation to the mining, energy and infrastructure sectors, acquisition and corporate finance, complex restructurings, secured financing for agriculture producers, derivatives, and trade finance; the practice also has a robust finance-regulatory capability. An impressive lender-side client list includes Rabobank, Banco Santander, Banco BICE, BBVA Spain; Bank of New York, BNP and Itaú Corpbanca, as well as corporate heavywights such as Southern Cross Group and state rail entity Empresa de Ferrocarriles del Estado (EFE). Among recent matters, the team acted as special Chilean counsel to Crédit Agricole Corporate and Investment Bank (as administrative agent), BNP Paribas (as documentation agent) and other lenders in a $500m senior unsecured revolving credit facility to Enel Américas. On the borrower's side, it also advised Fray Leon International (a Panamanian subsidiary of Chile's Von Appen Burose group), on a $20m term loan agreement granted by Banco de Crédito Inversiones (Miami branch) to finance the acquisition of both a maritime vessel and real estate. Rodrigo Sepúlveda, Francisco Illanes and the 'highly talentedJuan Antonio Parodi are the names to note.

Leading individuals

Francisco Illanes - Cariola Díez Pérez-Cotapos

Rodrigo Sepúlveda - Cariola Díez Pérez-Cotapos

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Cariola Díez Pérez-Cotapos

'Always available for its clients', the team at Cariola Díez Pérez-Cotapos is highly-regarded for merger control and regularly acts in cartel and abuse-of-dominance cases. With a large base of consumer goods clients, the practice is noted for fielding lawyers with particular retail-sector expertise and it also assists with IP-related competition law matters. Key, active clients include Unilever, Warner Media, The Coca-Cola Company, Praxair, Ripley and Accor. Recent madates include representing American Airlines in the submission of a Joint Business Agreement for FNE and TDLC approval; and representing GNL Chile before the TDLC with regard to the structure of the gas market (an issue currently pending on appeal before the Supreme Court). Practice head Juan Cristóbal Gumucio 'has extraordinary capabilities during complex negotiations' and can call on Pedro Lluch for additional, experienced partner-level support. Former senior associate Jorge Grunberg left to establish Grunberg Puyol in mid-2018 but the practice was buoyed with the return of senior associates Camila Rojas and Elías Astudillo following their respective Masters' degrees.

Leading individuals

Juan Cristóbal Gumucio - Cariola Díez Pérez-Cotapos

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

Cariola Díez Pérez-Cotapos

At Cariola Díez Pérez-Cotapos, 'partners and associates from all the firm's practices really do act as a team, something that is very difficult to find nowadays'. The corporate practice covers both domestic and cross-border acquisitions of private and public companies, complex corporate mergers and spin-offs, joint ventures, private equity and venture capital deals, and corporate restructuring transactions. The team recently advised on M&A deals involving sectors such as mining, energy, infrastructure, banking and financial services, insurance and media, while the compliance practice is focused on antitrust, unfair competition and consumer protection laws. Notable clients include Ripley, Enel, Rabobank, Principal Financial Group, Renovalia Energy Chile The Coca-Cola Company and Turner Broadcasting. Recent mandates saw the team advise Legend Holdings' subsidiary Joyvio Group on its $880m acquisition of listed-company Australis Seafoods, and  Canadian holding company ATCO on its $340m acquisition of a 40 per cent stake in Chilean port operation and development company, Neltume Ports. Other highlights included assisting AccorHotels on its $105m purchase (together with Chilean group Algeciras), of Atton Hoteles; and -in a significant bank assurance deal- act for Chubb Seguros on its strategic alliance with Banco de Chile (and its subsidiary Banchile). The firm has a very strong bench that includes José Luis Letelier , Sergio Díez, the recently returned Gerardo Varela, Cristián Herrera and Juan Pablo Matus. Other highly-rated partners are Francisco J Illanes, Carlos Pérez-Cotapos, Gonzalo Grez, Pedro Lluch and Sebastián Obach. Jorge Boldt is the compliance contact.

Leading individuals

Gerardo Varela - Cariola Díez Pérez-Cotapos

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Dispute resolution
Dispute resolution - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is 'an excellent law firm for large and complex cases, and its ability to integrate teams is exceptional'. The practice is experienced in advising on litigation involving environmental law, regulatory issues, securities, tax, competition law and consumer protection issues, and is also well known for class action defences. Recent work saw Florencio Bernales advise broker Larrain Vial (and two of its executives) in administrative litigation against $40m in fines imposed by the SVS as a result of the Cascadas case; Raimundo Moreno assist Girsa with several debt collection actions filed against the Municipality of Valparaíso; and Fernando Urrutia act for CDM in an easment dispute with state-entity, CDE. Jorge Boldt , who made partner in 2018, is the other key contact; senior associate José Ignacio Azar is also noted. Clients include BHP Billiton, KPMG Chile, IBM Chile, Ripley and Google.

Leading individuals

Florencio Bernales - Cariola Díez Pérez-Cotapos

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Environment
Environment - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos 'has very good knowledge of environmental practice'. The team regularly assists with the environmental law aspects of power-plant developments and advises on sanctioning procedures before the authorities. Active clients include BHP Billiton, Iansa, Stericycle, SGS Laboratories and Cognita; and recent mandates saw the team advise diversified global corporation ATCO on the environmental due diligence required for the acquisition of a 40 per cent stake in Neltume Ports. Gonzalo Jiménez is highly rated and Martín Astorga 'gets very involved in his clients' issues, providing comprehensive legal advice not only when required, but also when new environmental regulations are issued'.

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Insurance
Insurance - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is 'always available to answer client's queries'. The team is experienced in advising large industrial and commercial clients on their claims against insurance companies, particularly in relation to the construction, mining, retail and distribution centre sectors; the team also assists with the review of insurance policies, negotiations with insurance and reinsurance companies and the development of new business. Active clients include Maersk Chile, Sandvik Chile, Vida Tres and Ripley; recent matters saw the team assist the latter with the adjustment procedure following two robberies at its San Bernardo distribution centre. An 'experienced figure',  Florencio Bernales is the principal adviser.

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Labour and employment
Labour and employment - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is well known for its expertise in collective bargaining, immigration and the labour-law issues surrounding company restructuring; the team is also experienced in advising on compensation packages, stock option plans and the tax aspects of employment benefits.  Notable clients include adidas, Ripley, Coca-Cola and  IBM de Chile; the team recently assisted the latter with several union issues that arose from collective bargaining agreements. Ricardo Tisi is highly rated and Bárbara Zlatar is a notable associate.

Leading individuals

Ricardo Tisi - Cariola Díez Pérez-Cotapos

Rising stars

Bárbara Zlatar - Cariola Díez Pérez-Cotapos

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos' client base for projects includes private equity funds, mining companies and industrial entities. Representative work includes advising on the development and construction issues of power plant and transportation projects, as well as M&A, financing and planning aspects. Recent mandates saw the team advise Chile's Banco de Crédito e Inversiones on the financing for a 20MW hydroelectric generation plant. Senior and managing partner José Luis Letelier, Carlos Pérez-Cotapos and Juan Pablo Matus are the key contacts, along with Cristián Herrera, Gonzalo Grez, Gonzalo Jiménez and Rodrigo Sepúlveda.

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Public law
Public law - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos advises on the public law aspects of gas distribution, energy generation, transmission and distribution, water regulations, and telecoms. The practice group also has expertise in constitutional law cases and recently advised clients on diverse matters including securities regulations and mandates from the food and beverage and education sectors. Head of regulatory matters, Gonzalo Jiménez leads the six strong practice group, which was substantially strengthened by the arrival of Carolina Helfmann (constitutional, environmental and regulatory law), formerly a senior associate at Prieto Abogados, as counsel.

Rising stars

Carolina Helfmann - Cariola Díez Pérez-Cotapos

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Real estate
Real estate - ranked: tier 1

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos 'has a well-coordinated and talented team that is very experienced in complex matters'. It advises on the purchase and sale of large shopping malls, office buildings and utilities' real estate assets. The practice is also highly regarded for its assistance with real estate greenfield projects, such as industrial plants and data centres, and advises on construction issues. Clients include Turner Broadcasting System, Accor Hotels, KPMG Auditores Consultores and RaboFinance Chile, Recent matters saw the team advise Ripley  with the sale of real estate in Santiago and Concepción, which included the cancellation of existing liens on the properties. It also advised WeWork Chile, as lessee, on its lease agreement with Inversiones Centro Sur. Juan Pablo Matus is the principal contact.

Leading individuals

Juan Pablo Matus - Cariola Díez Pérez-Cotapos

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TMT
TMT - ranked: tier 2

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos 'has deep understanding and knowledge of technology'. The practice is experienced in advising IT, telecoms, media and internet companies on their investments in Chilean companies, joint ventures, transactional IP matters and TMT-related litigation; the department also has a robust IT and media-related regulatory practice and assists with data processing, large infrastructure projects involving technology companies, and TMT corporate matters. The client list includes names such as Turner Broadcasting, Fox International Channels, Google, Comscore. and Chilevisión. Highlights included assisting Turner International Latin America with the acquisition of Canal del Fútbol from the Chilean Football Association along with the Chilean League's transmission rights for 15 years. Technology, privacy and media group head Rodrigo Lavados has 'proven experience in contracts with software companies'.

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Tax
Tax - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos advises on the tax aspect of acquisition structuring and the restructuring of existing investments; the team has also developed particular expertise in the tax rules affecting financial institutions and has a robust tax litigation practice. The team recently acted as tax adviser to Goldcorp in relation to a joint venture project with Barrick involving one of the largest undeveloped gold deposits in the world; IBM, Rabobank and Rolls Royce Marine Chile are also clients. Javier Cerón is the principal contact.

Next generation lawyers

Javier Cerón - Cariola Díez Pérez-Cotapos

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Chile: Energy and natural resources

Electricity/oil and gas
Electricity - ranked: tier 3

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos is particularly well known for its advice on greenfield thermal power plants; the practice is also increasingly active in assisting foreign and local companies with mini-hydro, solar and wind farms developments. Clients include Metro de Santiago, Enel Distribución and BHP Billiton; recent work saw the team advise Empresas Públicas de Medellín on the development and operation of Parque Eólico Los Cururos, a wind farm in northern Chile. Gonzalo Jiménez is the name to note.

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Mining
Mining - ranked: tier 1

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos assists foreign and local clients on the exploration, development, financing and operation of mining projects,  as well as worksite closures and associated issues; it also advises on significant acquisitions and sales of mining companies and assets. The team acted for Appian Capital Advisory on its acquisition of a 30 per cent stake of the outstanding share capital of Compañia Minera Caserones from Minera Auromin; and Goldcorp on the contribution of Minera Eton (owner of the Caspiche Project), to Compañia Minera Casale. Carlos Pérez-Cotapos and Gonzalo Grez, along with senior associate Cristóbal Herrera, are the names to note. Key clients include Rio Tinto, Goldcorp, Hudbay Minerals, BHP, Planta Recuperadora de Metales and Mineral Mining.

Leading individuals

Carlos Pérez-Cotapos - Cariola Díez Pérez-Cotapos

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