Mr Jorge Ugarte > Carey > Santiago, Chile > Lawyer Profile

SANTIAGO, PO 755-0647
Jorge Ugarte photo

Work Department

Mergers and Acquisitions / Private Equity / Capital Markets / Family Companies and Holdings.


Partner of Carey and co-head of the firm´s Corporate / Mergers and Acquisitions / Capital Markets Group.


His practice focuses on advising local and foreign clients in mergers and acquisitions, private equity transactions, capital market and general corporate matters. He is a recurrent counsel in the negotiation of share, equity and asset purchase agreements, shareholders agreements, corporate governance and board’s liability. He also acts as counsel to family companies and holdings, structuring estate successions and providing integral advice to the controlling group and the operative companies. Jorge is author of the book “Share Transfer Agreements” published in 2016.

Recognized in Corporate and M&A, The Legal 500.
Recognized in Capital Markets, Corporate and M&A, Corporate Governance & Compliance, Best Lawyers.
Recognized in Corporate and M&A, Capital Markets and Private Wealth, Latin Lawyer 250.

Author of the book “Share Transfer Agreements”, Editorial Jurídica de Chile (2016).
Co-author of the Chilean chapter of “Corporate Governance Review”, Law Business Research (2017).
Author of “Enforceability of Contracts against Third Parties and Actions Arising therein”, Revista Chilena de Derecho Privado (2017).
Co-author of “Mergers and Acquisitions in Chile: Approaching the Controlling Shareholder”, introductory chapter of Who’s Who Legal: Mergers and Acquisitions (2014).
Author of “Foundations and Actions for the Application of the Veil Piercing in Chile”, Revista Chilena de Derecho, No. 3; article which has been expressly quoted and its doctrine has been adopted by the Supreme Court of Chile (2012).
Author of “Democracy and Natural Law in the United States: The Ideas of the Founding Fathers”, Revista Estudios Públicos, CEP, No. 119 (2010).
Author of “Protecting Force Inheritance against Specific Legacies”, Revista Chilena de Derecho, No. 2 (2007).

Conference “Actions in Case of Breach of a Shareholders’ Agreement”, Seminar “Shareholders Agreements: An Interdisciplinary Look” Universidad de los Andes, 2019.
Conference “The Concept of Controlling Shareholder in the Chilean Capital Market”, International Seminar on Corporate Governance organized by the CGC UC, the Hennick Centre of Canada, Columbia University and Carey (2017).
Conference “Risks and Liabilities that Board Members Face”, Seminar “Boards of Family Companies: Keys and Challenges” organized by ESE Business School and the Family Business Association (2017).
Conference “Share Transfer Agreements”, Chilean Bar Association (2016).
Conference “Piercing of the Corporate Veil in the Chilean Civil and Corporate Case Law”, Chilean Bar Association (2013).


Spanish and English.


Coordinator of the Private Law Department, Universidad Católica de Chile (since 2019).
Professor of Civil Law, Universidad Católica de Chile (since 2017).
Professor of Commercial Law, Universidad Católica de Chile (2010-2017).
Professor of the Degree in Mergers and Acquisitions, Universidad de Los Andes (since 2017).
Professor of the Degree in Civil Liability and Damage Law, Universidad de Chile (since 2017).
Member of the Sustainability and Corporate Governance Committee, SOFOFA (2017).
Advisor of the Commission for the new Commercial Regulation in Chile (2016-2017).
Writing Advisor for the regulation of the Law 20,659: “Companies incorporated in one day” for the Ministry of Economy, enacted in 2013.
Member of the Center for Corporate Governance, Universidad Católica de Chile (since 2010).
Professor of an Investment Funds Seminar, Universidad Católica de Chile (2012).
Assistant Professor of Civil Law, Universidad Católica de Chile (2006-2008).
Member of the International Bar Association.
Member of the Chilean Bar Association.


Law, Universidad Católica de Chile (Distinction Scholarship Award granted to the best student of the class, 1999).
LL.M., Columbia University, New York (2009).
Family Business Management Program, ESE Business School (2017).
Family Governance LATAM Program, Wharton Business School, Miami (2017).

Lawyer Rankings

Chile > Capital markets

The dedicated 33-strong group at market leviathan Carey has extensive capital markets experience, which includes advising on corporate and securitised bonds and high-profile securities offerings, including cross-border IPOs, capital increases, debt issuances and securitisation. The firm also has an outstanding derivatives practice, while other areas of strength include structuring and registering vehicles, managing relations with stock exchanges, and regulatory issues. In recent, high-profile work, Salvador ValdésCristián Figueroa and Patricia Silberman were part of a team that advised Enel Américas on the structuring of a capital increase and equity public offering for $3bn. The rest of the impressive partner list includes financial products and debt and equity securities specialist, Diego Peralta, structured products and derivatives expert Felipe Moro, and Jorge Ugarte (securities and debt and equity offerings). Also key to the practice are Cristián Figueroa  and Francisco Ugarte, while the firm’s funds practice, which is led by Cristián Eyzaguirre and Francisco Guzmán, was launched in 2016.

Chile > Corporate and M&A

(Next Generation Partners)

Jorge UgarteCarey

Market leviathan Carey fields an impressive, 67-strong department that is a leader in structuring M&A deals. The practice advises a wide range of clients, such as multinationals, funds and foreign companies investing for the first time in Chile, along with local and Latin American companies expanding their businesses in Chile and across the region. In reportedly the largest M&A operation in Chile in 2019, Francisco Ugarte was part of a team that advised State Grid International Development on a purchase agreement for the acquisition of Sempra Energy’s stake in Chilquinta Energía (and its electric transmission and distribution subsidiaries) and Tecnored, as well as Chilquinta’s 50% stake in Eletrans companies. The long list of other highly experienced partners includes senior figure and chairman Jorge Carey, managing partner Jaime Carey, Jorge UgartePablo Iacobelli and Salvador Valdés. Also critical to the group are Marcos RíosGuillermo AcuñaCristián Eyzaguirre and Claudio Lizana, along with Francisco GuzmánCristián Figuero and the recently promoted Patricia Silberman; between them the dozen partners cover all aspects of corporate, transactional and company law. From among a strong second tier, senior associate Alejandra Daroch is also noted.