Firm Profile > Carey > Santiago, Chile
AV ISIDORA GOYENECHEA 2800
FLOOR 43, LAS CONDES
SANTIAGO, PO 755-0647
Carey > The Legal 500 Rankings
Banking and finance Tier 1
Carey's 'service is excellent, mixing a strong legal background with practical knowledge of the market; the timeliness of responses is also amazing'. The practice has extensive experience advising creditors, investors and borrowers on a wide range of banking and finance deals. Representative work includes advising domestic and foreign clients on bilateral or syndicated loans, liability management, public and private offers and placements of capital and debt, securitisation, project financing, and structured products. Active, key clients include Export Development Canada (EDC), Banco Security, Wells Fargo, Macquarie Bank, Itaú Corpbanca, International Finance Corporation (IFC) and The Bank of Nova Scotia. Recent work includes advising Tianqi Lithium Corporation on a $2.5bn senior credit facility agreement to purchase 24 per cent of Chilean chemical company SQM's series A shares; acting for EDC on a $100m loan agreement granted to publicly-traded multinational retail company, Cencosud; and assisting a number of senior lenders on the second financial restructuring of the Alto Maipo hydroelectric project. On the borrower side, the team advised Acciona Energía Chile on a credit line to finance the VAT for its San Gabriel wind project; and assisted Transelec - through affiliate Transelec Concesiones - with its first project finance transaction, consisting of an up-to $375m financing for the construction, operation and maintenance of four transmission lines and related facilities. Department heads Francisco Ugarte (who is 'always available to provide advice'), Diego Peralta and Felipe Moro are all well known figures in the market; their practices are oriented towards project finance,banking and bank regulatory, and corporate finance and private equity, resectively. Alejandra Daroch, Fernando Noriega and Luciano Aguilera are all associates to note.
Competition and antitrust Tier 1
Now 23-strong (including a senior economist), Carey's antitrust group is 'young and energetic, very practical and clearly well respected by peers and by the authorities; it is used to working with multinational clients and adapts well to the styles and preferences of clients'. The practice advises on all aspects of antitrust law, including merger control, collusion, abuse of dominant position and compliance. It also has extensive experience representing both domestic and international clients in litigation before the Antitrust Court (TDLC) and the Supreme Court, as well as in investigations undertaken by the National Economic Prosecutor (FNE). In an ongoing mandate, Lorena Pavic ('extremely hardworking and committed to cases') is leading the team defending Cencosud (and two other supermarkets) against a chicken resale-price collusion lawsuit brought by FNE after what was reportedly the largest investigation the prosecutor's office had ever undertaken. Pavic also successfully defended the same client in a TDLC claim filed by a Chilean consumer association; a leading case, it is now on appeal at the Supreme Court which will have to decide whether the acquisition of "naked assets" constitutes a concentration, a ruling that will in turn impact upon the country's June 2017-enacted merger-control legislation. In what was one of the first cases under Chile's new mandatory regime, Claudio Lizana acted for Minerva Foods in a merger-control notification concerning the $300m acquisition of three beef companies from JBS; he also advised the client in what was the first-ever "gun-jumping" case in Chile (now settled). Partner-level support on the contentious-side comes from co-head of the firm's Judicial Group, litigator Juan Carlos Riesco who has considerable experience in contentious competition matters. The practice can also count on a core group of experienced associates, notably Francisca Levin , José Pardo, Camila Albornoz, Camilo Lledó , María José Villalón and Carolina Veas. Other significant clients include Bayer, Oracle, Enel Distribución Chile, The Walt Disney Company and Mastercard.
Corporate and M&A Tier 1
Highly rated in the market for structuring M&A deals, Carey is 'a full-service firm with well-trained lawyers, who are highly responsive, experienced, connected and practical'. Its expertise includes takeovers through public offerings, minority share purchases, acquisitions of companies or asset packages, private equity transactions, and company and asset purchases during insolvency or reorganisation scenarios. Recent areas of growth for the practice include venture-capital deals, including equity investments and buyouts of local start-ups by foreign companies, while the compliance practice is highly rated for advising on risk prevention and mitigation. The active client list includes MetLife, Danaher, UnitedHealth, Scotiabank, Brookfield and Enel. In a deal involving several jurisdictions (and in a heavily regulated sector), Pablo Iacobelli, Cristián Eyzaguirre and Francisco Guzmán led advice to pharmaceutical distribution company Cardinal Health its $6.1bn acquisition of Medtronic's medical supply business. Other notable mandates included advising British private equity firm CVC Capital Partners on the local aspects of its $4.7bn acquisition of a 20 per cent stake in Gas Natural Fenosa; and assisting multinational pharmaceutical, chemical and life sciences company Merck with the Chilean aspects of the global 4.2bn sale of its health consumer business to Procter & Gamble. Firm chairman Jorge Carey is 'visionary' and 'a brilliant strategist', managing partner Jaime Carey 'provides excellent support' and Marcos Ríos is the compliance contact. Claudio Lizana, Salvador Valdés, Francisco Acuña and Guillermo Acuña, along with Jorge Ugarte, Cristián Figueroa and Francisco Ugarte are also all highly regarded, as is Patricia Silberman, who was raised to the parntership in December 2019.
Dispute resolution Tier 1
The 28-strong practice at full-service powerhouse Carey is best known for advising on complex civil and commercial lawsuits, shareholder disputes, insolvency, environmental and sanction procedures, criminal trials, construction, and concession-related disputes. The team also has extensive experience in domestic and international commercial arbitrations, including investment arbitration. Highlight mandates include defending Fundación Isabel Aninat Echarrazeta (most recently in a successful Court of Appeal defence against an earlier first-instance decision), in a $300m case brought by the heirs of the founders of the foundation. The team has also defended Essity, a global producer of tissue paper, against two class actions seeking compensation due to alleged collusive activity. Aldo Molinari, Ricardo Reveco, Juan Carlos Riesco (appointed partner of the litigation group in 2018), and 'brilliant attorney' Gonzalo Fernández jointly co-lead the department; senior associate Alvaro Carreño , a white-collar expert, is also noted. Other clients include WOM, Fantástico Sur, Melón and Equitas.
Environment Tier 1
Carey 'stands out for its high-level knowledge of different subjects, which allows the team to provide a complete service that integrates various technical and legal areas'. The 17-strong practice is highly rated for environmental evaluations, strategy development, auditing and environmental litigation; it also regularly advises on water rights related to mining, agribusiness, and hydroelectric projects, and sales and acquisitions of rights of use and supply. Active clients include Latin America Power, Codelco, Westchester Agriculture Asset Management, Enel, Antofagasta Minerals and Sierra Gorda. The team recently advised global aquaculture company Marine Harvest on the environmental aspects of the escape of huge numbers of fish from its farm in southern Chile. In other matters, the team acted for Empresa Eléctrica Carén in administrative and sanctioning proceedings before the General Water Bureau and Civil Courts in relation to hydroelectric power plants. Practice co-head (and regulatory specialist) Rafael Vergara and water-law lead Alberto Cardemil are key individuals, as are: Aldo Molinari (noted for environmental regulatory litigation); counsel Felipe Meneses (who focuses on environmental and indigenous law, territorial planning and regulatory matters); and experienced senior associates Julio Recordon and Manuel José Barros.
Insurance Tier 1
Carey 'not only has great knowledge of insurance matters from the legal perspective, but the firm also has lots of practical experience that allows it to provide advice while considering both the big picture and the details'. It is regularly involved in major insurance market deals (including insurance packages for major project finance transactions), large claims' loss adjustment procedures, and insurance-related litigation and arbitration; the group also stands out for its insurance regulatory expertise. Acting for insured parties, insurance companies, foreign reinsurance companies and insurance and reinsurance brokers, the client list includes Codelco, Archroma Chile, General Motors Financial, Mapfre Chile, MetLife and Starr Insurance. Recent mandates include advising Solunion Chile Seguros de Crédito on the acquisition of the insurance policy portfolio of HDI Seguros de Garantía y Crédito. In other matters, the team assisted Mapfre Chile with the regulatory insurance aspects surrounding the $66m sale of its headquarters in Santiago's Las Condes. Marcos Ríos, Pablo Iacobelli and Matías Vergara co-lead the department; Vergara is 'a true expert who is devoted to his clients'. Former chief counsel of MAPFRE Group surety insurance-company Solunion SGC, Jorge Soto , was hired as associate.
Intellectual property Tier 1
Carey's 'team is always focused on understanding clients' real needs and its huge experience allows the practice to possess deep knowledge of all new trends in the region'. It is highly rated for its prosecution and litigation of trade marks, patents and industrial designs, geographical indications, designations of origin, plant varieties, and domain names. Other areas of strength include copyright, anti-counterfeiting, technology-contracting, licensing, franchising, advertising, trade secrets, IP management, and IP-related unfair competition. The practice's active clients include Adidas, PepsiCo, Pfizer, Televisa and Nestlé; recent highlight work included acting for the latter in its successful opposition claim at the Supreme Court against a competitor's LA CREM trade mark. Other matters included advising PepsiCo on a food labelling case filed by the National Consumer Service (SERNAC) against its subsidiary Evercrisp, which claimed that figurative trade marks constituted misleading advertising. Guillermo Carey and Francisco Carey co-head the firm’s IP and IT group, while Paulina Silva and Fernando García are the counsels to note.
Labour and employment Tier 1
Carey has significant experience in assisting national and multinational companies with their hiring processes, compensation packages, terminations, subcontracting, M&A-related labour issues, internal investigations, social security matters and employee taxation; the practice also regularly acts in collective bargaining and labour law litigation, such as wrongful dismissal, violation of fundamental rights, anti-union practices and work-related accidents. Recent headline work saw the team advise United Health Group (UHG) on the labour-and-employment due diligence for the acquisition of Chilean healthcare company Banmédica, which involved 24 companies employing 13,500 employees. Other matters included advising a multinational electric energy company on collective bargaining procedures. Oscar Aitken and Francisca Corti co-head the firm’s labour and immigration group, which also includes associate Francisco Arce. Key clients include MetLife Chile, American Airlines and Black & Veatch Chile.
Mining Tier 1
Carey is widely respected for its advice to companies, sponsors and lenders on large mining projects, including assistance with mining, water, and land use surface rights as well as financing, litigation, environmental and community issues. Active clients include Teck Resources, Codelco, Barrick, Minera Valle Central, Kinross and Aftermath Silver. Notable recent mandates saw the eight-strong team advise Teck Quebrada Blanca on the expansion of its hypogene project, which included mining legal-easement disputes against the Chilean state; and assist Codelco with the development of a copper project in northern Chile. Other significant work includes advising Tianqi Lithium on its agreement to acquire a 24 per cent stake in SQM for over $4bn. Rafael Vergara is 'an excellent lawyer', and Alberto Cardemil and counsel Francisco Corona are also highly regarded.
Projects and infrastructure Tier 1
Carey's 47-strong projects practice -including seven partners- 'offers good transactional support and is very knowledgeable about Chile's engineering and construction industry'. It also has significant experience in industry sectors such as mining, ports and airports, hospitals, hotels, real estate, and shipyards. In energy, the team fields experts in liquefied natural gas (LNG) facilities, wind, solar and hydro power, and gas-fired power plants. Recent work saw the team advise state-owned copper mining company, Codelco, with the structuring of the bidding documents and contracts under a build, own, operate and transfer structure for the development of a $1bn desalination plant. In other highlights, the team acted for Transelec, through its affiliate Transelec Concesiones, on the $375m project financing for the construction, operation and maintenance of four transmission lines and their related facilities, including substations. Co-head of the firm’s engineering and construction group, Oscar Aitken 'has great knowledge of the legal issues commonly seen in the construction and mining industries in Chile'; while energy group head Juan Francisco Mackenna 'knows the market very well and provides the best solutions'. Other key advisers are environment and natural resources practice head, Rafael Vergara, Juan Pablo Stitchkin (co-head, engineering and construction / real estate groups), Felipe Moro (project finance), José Miguel Bustamante (energy group co-head), and Alberto Cardemil (head of the water and agribusiness practice groups). Senior associates Carmenmaría Poblete and Fernando Noriega are also noted. Other active clients include Brookfield, Antofagasta Minerals, Total and Sierra Gorda.
Public law Tier 1
Carey is praised for its 'dedication to clients and attention to detail'. The wide-ranging public law practice covers administrative and constitutional litigation, constitutional rights, public procurement, regulatory compliance, and the regulation of state-owned companies. Recent mandates saw the team assist Red Salud UC Christus with filing objections (and hearings before the General Comptrollership of the Republic) against administrative acts issued by the Superintendence of Health. It also advised ProAmbient,on contract negotiations with the Municipality of Maipú that involved the design and construction of water tanks. Lorena Pavic and Ignacio Gillmore head the team. Associates Constanza Hube and Camilo Lledó are also experienced advisers. Other clients include HP, Track Group, Formula E, Packard Foundation and Melón.
Real estate Tier 1
Carey's 'executive team gives great support and is very knowledgeable'. It is experienced in the development, financing, construction and sale of a range of real estate projects, including residential, commercial, industrial, and hospitality facilities, as well as mining and energy-related matters. Other areas of strength include casinos, agro-housing, conservation parks, shopping centres, office buildings and educational centres. The team is also recommended for the purchase, sale, lease and securitisation of portfolios, real estate asset management and construction law. Key clients include Sencorp, Inmobiliaria Nueva Cordova, Cinepolis, H&M and Mapfre; the team advised the latter on the sale of its existing corporate building, including the negotiation of lease agreements with the new owners. Oscar Aitken, Juan Pablo Stitchkin and counsel Eduardo Martin are highly rated; Tomás Varela and Javiera Avilés are the associates to note.
Tax Tier 1
Carey's 'responsive, thoughtful, connected and practical tax team', which includes in-house certified accountants and an economist, is widely respected for tax consulting, tax planning, due diligence, audits and litigation. Active clients include MetLife Compañía de Seguros, Brookfield, Air Products, Sencorp, Barrick, HSBC and Chilquinta Energía. The team recently advised an alternative asset management company on the tax aspects surrounding the sale of subsidiary companies, and assisted a gold mining company with complex VAT issues. It also acted for an international manufacturing company on the tax side aspects of its acquisition of shares in a chemical company. Managing partner Jaime Carey and Jessica Power co-head the tax group; while Manuel Garcés -who was raised to the partnership in December 2019- and associates Daniela Pfeffer and Ximena Silberman are also key team members.
TMT Tier 1
Carey 'has proven to be a trusted partner; everyone is responsive and speaks excellent English'. The practice fields lawyers who are specialised in telecoms media, technology contracting, the Internet of Things (IoT), online content transmission (OTT), online platforms, cloud technologies, robotics and blockchains, along with cryptocurrencies, algorithms, artificial intelligence, data protection and cybersecurity. The team's ongoing mandates include advising Wom (formerly known as Nextel Chile) on the corporate, regulatory, financing and antitrust aspects of its mobile telephone and data transmission operations in Chile; and British Telecom on all its day-to-day activities in the coucntry, including electronic signature queries and applications for telecoms concessions. Inria Chile is also a client. Alfonso Silva, Guillermo Carey and counsels Eduardo Martin and Paulina Silva are all highly regarded advisers; Javier Undurraga and Raúl Mazzarella are the associates to note.
The scope of practice at Carey ranges from oil and gas matters and electricity generation, transmission and distribution, to project development, M&A and financing; other areas of expertise include regulatory matters, land rights and governmental concessions. The client list includes Codelco, CVC Capital Partners, Trina Solar Holding, S-Energy and OPDE Chile and Distributed Power Partners. Juan Francisco Mackenna and José Miguel Bustamante head the 14-strong practice group. Recent mandates saw Mackenna lead advice to CVC Capital Partners on the local aspects of its $4.7bn acquisition of a 20 per cent stake in Gas Natural Fenosa from Spanish oil-and-gas company, Repsol. Electricity highlights included Bustamante acting for Codelco in the negotiation of its power purchase agreements (PPA) with Engie for fulfillment of the power supply requirements of its Chuquicamata and Gaby mines. Rosario Martínez, José Tomás Hurley, Carmenmaría Poblete, Sophia Bobadilla and Montserrat Godoy are also key associates.
Carey > Firm Profile
Carey is Chile’s largest law firm with over 270 legal professionals and it is widely perceived as one of the leading law firms in Latin America. The firm was established in its present form in 1976. Its origins, however, can be traced to the year 1905 when Francisco Carey (1873-1946) started practicing law independently. Under the leadership of his son, Guillermo Carey (1912-1999), the firm became a leading player in the Chilean corporate legal market.
Carey is a full-service firm. The firm’s various corporate, litigation and regulatory groups include highly-specialized attorneys and practice areas covering all areas of law. Carey’s clients are some of the world’s largest multinationals, international organizations, and some of the most important local companies and institutions. The firm’s lawyers have graduated from the best law schools in Chile and most of its mid and senior-level associates have graduate degrees from some of the world’s most prominent universities.
Carey is an effective bridge between legal systems. Most of the firm’s partners and senior associates have worked in North America, Asia and Europe, as foreign or regular associates with leading international law firms, or as in-house counsel for major corporations or international institutions.
Carey is a member of several prestigious international legal networks which allow us to provide our clients with trusted, quality legal service that meets their needs both regionally and globally. Carey is member of: ALAE, ELA, INTERLEX, PRAC, RIELA, TERRALEX AND WSG.
Practice areas and industries
Carey’s practice areas and industries are: Agribusiness; Antitrust and Regulated Markets; Arbitration; Aviation; Banking and Finance; Capital Markets; China Desk; Compliance and Anti-Corruption; Construction and Engineering; Consumer Law and Advertisement; Corporate Immigration; Criminal Law; Customs and International Trade; Data Protection; Energy; Environmental Law and Litigation; Family Companies and Holdings; Fund Formation; Government Procurement; Hospitality and Gaming; Infrastructure and Project Development; Insolvency, Bankruptcy and Restructuring; Insurance and Reinsurance; Intellectual Property; Labor and Employment Law; Licensing, Franchising and Distributorship; Litigation; Maritime and Ports; Mergers and Acquisitions; Mining; Pharmaceuticals and Biotechnology; Private Equity; Public Law; Real Estate; Tax Law; Telecommunications, Media and Technology; Venture Capital and Water Rights.
|Chairman||Jorge Careyemail@example.com||+56 2 2928 2221|
|Managing partner||Jaime Careyfirstname.lastname@example.org||+56 2 2928 2224|
|Partners||Rafael Vergaraemail@example.com||+56 2 2928 2210|
|Partners||Diego Peraltafirstname.lastname@example.org||+56 2 2928 2216|
|Partners||Alfonso Silvaemail@example.com||+56 2 2928 2232|
|Partners||Oscar Aitkenfirstname.lastname@example.org||+56 2 2928 2223|
|Partners||Claudio Lizanaemail@example.com||+56 2 2928 2207|
|Partners||Pablo Iacobellifirstname.lastname@example.org||+56 2 2928 2215|
|Partners||Salvador Valdésemail@example.com||+56 2 2928 2230|
|Partners||Guillermo Careyfirstname.lastname@example.org||+56 2 2928 2612|
|Partners||Gonzalo Fernándezemail@example.com||+56 2 2928 2203|
|Partners||Francisco Ugartefirstname.lastname@example.org||+56 2 2928 2201|
|Partners||Marcos Ríosemail@example.com||+56 2 2928 2208|
|Partners||Juan Francisco Mackennafirstname.lastname@example.org||+56 2 2928 2210|
|Partners||Jessica Poweremail@example.com||+56 2 2928 2214|
|Partners||Guillermo Acuñafirstname.lastname@example.org||+56 2 2928 2206|
|Partners||Lorena Pavicemail@example.com||+56 2 2928 2207|
|Partners||Alberto Cardemilfirstname.lastname@example.org||+56 2 2928 2211|
|Partners||Felipe Moroemail@example.com||+56 2 2928 2231|
|Partners||Cristián Eyzaguirrefirstname.lastname@example.org||+56 2 2928 2209|
|Partners||Francisco Careyemail@example.com||+56 2 2928 2638|
|Partners||Ricardo Revecofirstname.lastname@example.org||+56 2 2928 2213|
|Partners||José Miguel Bustamanteemail@example.com||+56 2 2928 2381|
|Partners||Juan Pablo Stitchkinfirstname.lastname@example.org||+56 2 2928 2223|
|Partners||Aldo Molinariemail@example.com||+56 2 2928 2213|
|Partners||Jorge Ugartefirstname.lastname@example.org||+56 2 2928 2201|
|Partners||Francisco Guzmánemail@example.com||+56 2 2928 2217|
|Partners||Ignacio Gillmorefirstname.lastname@example.org||+56 2 2928 2612|
|Partners||Cristián Figueroaemail@example.com||+56 2 2928 2209|
|Partners||Francisca Cortifirstname.lastname@example.org||+56 2 2928 2212|
|Partners||Matias Vergaraemail@example.com||+56 2 2928 2208|
|Partners||Juan Carlos Riescofirstname.lastname@example.org||+56 2 2928 2203|
|Mr Guillermo Acuña||View Profile|
|Mr Oscar Aitken||View Profile|
|Mr José Miguel Bustamante||View Profile|
|Mr Alberto Cardemil||View Profile|
|Mr Guillermo Carey||View Profile|
|Mr Jorge Carey||View Profile|
|Mr Jaime Carey||View Profile|
|Mr Francisco Carey||View Profile|
|Mr Francisco Corona||View Profile|
|Mrs Francisca Corti||View Profile|
|Mr Cristián Eyzaguirre||View Profile|
|Mr Gonzalo Fernández||View Profile|
|Mr Cristián Figueroa||View Profile|
|Mr Fernando García||View Profile|
|Mr Ignacio Gillmore||View Profile|
|Mr Francisco Guzmán||View Profile|
|Mr Pablo Iacobelli||View Profile|
|Mr Claudio Lizana||View Profile|
|Mr Juan Francisco Mackenna||View Profile|
|Mr Eduardo Martin||View Profile|
|Mr Felipe Meneses||View Profile|
|Mr Aldo Molinari||View Profile|
|Mr Felipe Moro||View Profile|
|Mrs Lorena Pavic||View Profile|
|Mr Diego Peralta||View Profile|
|Mrs Jessica Power||View Profile|
|Mr Marcos Ríos||View Profile|
|Mr Ricardo Reveco||View Profile|
|Mr Juan Carlos Riesco||View Profile|
|Mrs Mariela Riquelme||View Profile|
|Mrs Alejandra Risso||View Profile|
|Mrs Patricia Silberman||View Profile|
|Mrs Paulina Silva||View Profile|
|Mr Alfonso Silva||View Profile|
|Mr Juan Pablo Stitchkin||View Profile|
|Mr Jorge Ugarte||View Profile|
|Mr Francisco Ugarte||View Profile|
|Mr Salvador Valdés||View Profile|
|Mr Rafael Vergara||View Profile|
|Mr Matías Vergara||View Profile|