The Legal 500

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EL GOLF 40, 13-14 FLOOR, SANTIAGO, CHILE
Tel:
Work +562 2280 5000
Fax:
Fax +562 2280 5001
Email:
Web:
www.prieto.cl

Chile

Banking and finance
Banking and finance - ranked: tier 3

Prieto Abogados

Prieto Abogados' 12-strong team has been active, recently, advising on domestic and international syndicated loan agreements (predominantly on the debtor-side), and complex restructurings and corporate reorganisations. Other areas of strength include project finance and debt recovery, and the team has a notably high-profile role in debt placement work. Clients include Transmisora Eléctrica del Norte, CaixaBank, Engie Energía Chile and GM Financial and recent mandates saw the practice assist Eléctrica Nueva Energía with the amendment of series of loan agreements with Banco Santander-Chile; and Caixa Bank with the negotiation, execution and collateral agreements of a loan to Inversiones la Construction. Gerardo Cruzat heads up the banking and finance practice, while senior market figure Patricio Prieto L leads the capital markets team; practice director Isabel Margarita Wolleter is an experienced capital markets counsel.

Next Generation Partners

Gerardo Cruzat - Prieto Abogados

Rising stars

Isabel Margarita Wolleter - Prieto Abogados

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Prieto Abogados

The competition practice at Prieto Abogados  handles contentious and non-contentious cases before the TDLC, representation before the FNE in cartel or abuse-of-dominant-position cases and (increasingly since the June 2017 reforms) merger-control review, along with preventative consultancy and compliance programmes. In TDLC matters, the team has been particularly active in the retail, agriculture, energy, banking and transport sectors. The dedicated four-strong team advises clients including Aguas Andinas, Banco Internacional, SURA and Transelec, calling on relevant partners including Claudio Undurraga  (energy, infrastructure, arbitration), Fernando Samaniego  (arbitration and litigation) and Juan Tagle  (M&A) as necessary. Recent matters saw practice head Benjamín Grebe , who demonstrates 'strong expertise', lead the defence of Nippon Yusen Kabushiki Kaisha in an antitrust lawsuit against six maritime transport companies for allegedly collusive agreement of tender terms in the interoceanic automotive transport market. Other work included the deisgn of a compliance program for Watt's and ongoing antirtrust advice to Puertos y Logisticas. Former senior associate Manfred Zink returned to the FNE in 2018 and was replaced by Nicolás Yuraszeck, himself returning to the firm after a period in London, most recently at Cleary Gottlieb Steen & Hamilton LLP.

Leading individuals

Benjamín Grebe - Prieto Abogados

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Corporate and M&A
Corporate and M&A - ranked: tier 2

Prieto Abogados

Prieto Abogados' 'flexible practice' covers complex cross-border deals, private equity transactions and joint ventures; recent deals involved the energy, banking, insurance and pensions sectors. The 30-strong group is also experienced in transactions involving the retail sector and food and wine industries. Active clients of the department include Inversiones La Construcción (ILC), Engie Energía Chile, Altis Principal Investments and HDI Seguros. In recent matters, the team was counsel to ILC, which operates in the Chilean and Peruvian finance and healthcare sectors, on its $49m purchase of a stake in Chile's Banco International and Factoring Baninter (the team also provides ongoing compliance advice to ILC). Juan Tagle and Fernando Bravo head up the practice, while José Andrés Pascual Moreno leads on compliance work. Also key to the group are Cristóbal Villarino, Gerardo Cruzat, Patricio Prieto L, senior associate Andrés Laymuns and associate Juan Andres Ilharreborde. Jaime Ríos  left to establish Ríos & Llaneza.

Leading individuals

Juan Tagle - Prieto Abogados

Next Generation Partners

Cristóbal Villarino - Prieto Abogados

Rising stars

Andrés Laymuns - Prieto Abogados

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Dispute resolution
Dispute resolution - ranked: tier 3

Prieto Abogados

The eight-strong team at Prieto Abogados is 'usually well informed about almost every important case in Chile, even when not directly involved'. The practice regularly acts before arbitrators and ordinary courts, particularly in disputes involving the energy, construction, real estate and retail sectors; the practice has also recently been active in insurance and healthcare-related matters. Recent headline mandates saw Alberto González V (arbitration, particularly in real estate, construction and energy disputes) and Fernando Samaniego (real estate, construction and anti-trust litigation) advise four electrical power generating companies (including Engie Energía Chile), in a $160.2m damages claim against GasAtacama Chile for unlawful conduct in relaton to the reporting of generation data. Other work saw González and Samaniego team up with senior partner Claudio Undurraga (utilities, energy, infrastructure and anti-trust litigation) to advise GWC Inversiones in a $21m damages claim for presumptive breadch of contract. Associate Juan Pablo Riesco is also a key team member. Clients include Engie Energía Chile, Huawei,  Aguas Andinas, VivoCorp, Watt's and Sibelco Chile.

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Environment
Environment - ranked: tier 3

Prieto Abogados

Following the departure of former senior associate Aldo Cardinali to the Mining Ministry in 2018, Prieto Abogados hired senior associate Agustín Martorell from Claro & Cia.  as practice director. The three-strong team, which can rely on partner-level input from Juan Tagle, handles environmental due diligence during M&A, administrative procedures before the environmental authorities, contentious defences, and environmental compliance and permitting issues. Clients include Engie Energía Chile, Plaza del Trébol and YPF Chile; the team recently acted for the latter before the administrative authorities in relation to an oil spill in the Magallanes region.

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Insurance
Insurance - ranked: tier 2

Prieto Abogados

Prieto Abogados' seven-strong team is led by¬†Patricio Prieto L , who is particularly well-known for advising on the creation, implementation and operation of insurance and reinsurance companies. In contentious matters, the practice assists with¬†claims and insurance recoveries in relation to risk - such as fire, earthquake, business interruption and insolvency. Notable clients include¬†Assurant Chile Compa√Īia de Seguros Generales, Chubb Seguros Chile and¬†American Bankers Insurance Company of Florida. Recent matters saw the team assist HDI Seguros (Chile), which with the sale of its Peruvian subsidiary, HDI Seguros¬†(Per√ļ). Other key contacts on the team are litigator¬†Alberto Gonz√°lez Vidal¬†and associate Mar√≠a Cristina R√≠os Llaneza.

Leading individuals

Jaime Ríos - Prieto Abogados

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Labour and employment
Labour and employment - ranked: tier 3

Prieto Abogados

Prieto Abogados is focused on labour litigation, labour-related corporate advice and collective bargaining. Key clients include Engie Energía Chile, Plaza and LG Electronics; recent matters include assisitng Yamana Gold with a collective bargaining matter that involved approximately 400 employees.  Christian von Bergen heads the department; Cristóbal Raby, who was made partner in 2019, 'focuses on the best and most efficient way to comply with clients' requirements'.

Next Generation Partners

Cristóbal Raby - Prieto Abogados

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Prieto Abogados

Prieto Abogados advises both private and public sector clients on tender matters, construction issues and project development; the practice has particular expertise in the energy, gas, and water and sewage treatment sectors. Clients include Solar E, Empresa Depuradora de Aguas Servidas Mapocho-Trebal and Engie Energía Chile; the team recently advised the latter on the due diligence and closing documents for a wind energy project acquisition. Claudio Undurraga, Fernando Bravo, José Andrés Pascual, Patricio Prieto L and Cristóbal Villarino are the key contacts; Camila Kutz and Nicolás Yuraszeck are the associates to note. Jaime Ríos left for Ríos & Llaneza.

Leading individuals

Juan Tagle - Prieto Abogados

Rising stars

Camila Kutz - Prieto Abogados

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Public law
Public law - ranked: tier 3

Prieto Abogados

Prieto Abogados is 'committed to its clients and achieves their public law objectives; the practice also has an excellent working style'. The team is primarily focused on energy matters. Recnet work in other market segments include representing Portuaria Lirquen regarding maritime concession issues before the Constitutional Court. The key advisers are managing partner Alberto González Errázuriz, litigation and arbitration head >Fernando Samaniego, and associates Agustín Martorell (recently hired from Claro & Cia. as environmental team head), and litigator Juan Pablo Riesco; Martorell 'has solid technical knowledge and great negotiating skills'.  Former senior associate Carolina Helfmann left for Cariola Díez Pérez-Cotapos.

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Real estate
Real estate - ranked: tier 2

Prieto Abogados

Prieto Abogados is well respected for its advice on the acquisition, development and construction of large real estate projects. Clients include Inversiones La Construcción, Desarrollos Urbanos and Inmobiliaria Deisa; current mandates include regularly advising real estate investment fund Fondo de Inversion Privado GSI I on property acquisitions. Infrastructure and real estate litigator Fernando Samaniego, Cristóbal Villarino and associate Juan Andrés Ilharreborde are the names to note.

Next Generation Partners

Cristóbal Villarino - Prieto Abogados

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TMT
TMT - ranked: tier 3

Prieto Abogados

Prieto Abogados advises on the corporate, M&A, financing, tax, dispute resolutions and public law aspects of TMT work; notable clients include Telcordia Technologies, Empresas Red Salud, Multitiendas Corona and  MediaPro Chile; the practice also recently became Huawei (Chile)'s principal day-to-day legal adviser for contractual matters, compliance, government authority relations, and TMT-related litigation. Mario Gorziglia is telecoms and technology leader and Cristóbal Villarino advises foreign companies on the provision of web services in Chile. Gerardo Cruzat and senior associate Juan Andrés Ilharreborde are also key team members.

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Tax
Tax - ranked: tier 3

Prieto Abogados

Prieto Abogados 'stands out because of its approach towards clients, taking the time to understand their needs'. The practice is experienced in the tax issues surrounding investments into the energy, ports and public utility sectors; the team also advises on project finance-related tax matters, tax-planning for family offices and individuals, and tax litigation. It recently assisted Transmisora Eléctrica del Norte with the VAT aspects of the construction of an electricity transmission line. Mario Gorziglia, Leonidas Prieto and Cristián Bay-Schmith are the main advisers; Rosario Vidal is the associate to note.

Leading individuals

Mario Gorziglia - Prieto Abogados

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Chile: Energy and natural resources

Electricity/oil and gas
Electricity - ranked: tier 1

Prieto Abogados

Oil and gas - ranked: tier 1

Prieto Abogados

Prieto Abogados¬†has longstanding experience in the energy, gas, and water and sewerage sectors. The firm fields lawyers with energy-sector M&A,¬†regulatory and litigation expertise and the team¬†regularly advises¬†developers, owners and investors - particularly on renewable energy projects. Notable clients include Solar E,¬†General Electric Capital, Electrogas and¬†Engie Energ√≠a Chile; the team assisted the latter with the closing acquisition¬†documentation for the Los Trigales wind-energy project in southern Chile. The team also advised¬†Empresa Depuradora de Aguas Servidas Mapocho-Trebal (EDAM), which is part of the Suez Group, on an EPC contract for the replacement of Archimedes screw pumps at a waste water treatment plant.¬†Claudio Undurraga,¬†Fernando Bravo, Juan Tagle¬†and¬†Jos√© Andr√©s Pascual¬†are the main contacts; experienced associates Camila Kutz¬†and Alejandra Ba√Īados provide a strong second line.

Leading individuals

Claudio Undurraga - Prieto Abogados

Juan Tagle - Prieto Abogados

Next Generation Partners

José Andrés Pascual - Prieto Abogados

Rising stars

Camila Kutz - Prieto Abogados

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Mining
Mining - ranked: tier 2

Prieto Abogados

The six-strong team at Prieto Abogados assists with financing agreements, project development, easement procurement, and environmental and antitrust matters; it is particularly active in mining issues related to port, energy and infrastructure projects. Recent mandates include advising Transmisora El√©ctrica del Norte on several mining concession and easment matters related to the financing agreements for a power transmission project. Other ongoing work includes assisting Prospecta, Agricola Talinay and Compa√Ī√≠a Minera Do√Īa Francisca mining patent reviews. Firm managing partner Alberto Gonz√°lez E and transactional specialist Juan Tagle are both highly regarded. Key support comes from experienced senior associate Camila Kutz. In addition, the July 2018 arrival of Agust√≠n Martorell from Claro & Cia. as director of the environmental practice has further strengthened the firm's offering. Other clients include Americas Energy Fund, VivoCorp and Puerto Lirqu√©n.

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Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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