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AV ISIDORA GOYENECHEA 2800, FLOOR 43, LAS CONDES, SANTIAGO, PO 755-0647, CHILE
Tel:
Work +56 2 2928 2200
Email:
Web:
www.carey.cl

Chile

Banking and finance
Banking and finance - ranked: tier 1

Carey

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,¬†Ita√ļ 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 Energ√≠a 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.

Leading individuals

Diego Peralta - Carey

Rising stars

Fernando Noriega - Carey

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Competition and antitrust
Competition and antitrust - ranked: tier 1

Carey

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.

Leading individuals

Claudio Lizana - Carey

Lorena Pavic - Carey

Rising stars

José Pardo - Carey

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

Carey

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,¬†Cristi√°n Eyzaguirre¬†and¬†Francisco Guzm√°n¬†¬†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 R√≠os¬†is the compliance contact.¬†Claudio Lizana, ¬†Salvador Vald√©s, Francisco Acu√Īa¬†and¬†Guillermo Acu√Īa, along with¬†Jorge Ugarte,¬†Cristi√°n Figueroa¬†and Francisco Ugarte¬†are also all highly regarded, as is counsel Patricia Silberman.

Leading individuals

Jaime Carey - Carey

Pablo Iacobelli - Carey

Next generation lawyers

Jorge Ugarte - Carey

Rising stars

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Dispute resolution
Dispute resolution - ranked: tier 1

Carey

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 Fundaci√≥n 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 Fern√°ndez jointly co-lead the department; senior associate Alvaro Carre√Īo , a¬†white-collar expert, is also noted. Other clients include WOM, Fant√°stico Sur,¬† Mel√≥n and Equitas.

Leading individuals
Rising stars

Alvaro Carre√Īo - Carey

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Environment
Environment - ranked: tier 1

Carey

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.

Leading individuals

Rafael Vergara - Carey

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Insurance
Insurance - ranked: tier 1

Carey

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.

Next generation lawyers

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Intellectual property
Intellectual property - ranked: tier 1

Carey

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.

Leading individuals

Guillermo Carey - Carey

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Labour and employment
Labour and employment - ranked: tier 1

Carey

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.

Leading individuals

Oscar Aitken - Carey

Next generation lawyers

Francisca Corti - Carey

Rising stars

Francisco Arce - Carey

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Carey

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.

Leading individuals

Rafael Vergara - Carey

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Public law
Public law - ranked: tier 1

Carey

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 Maip√ļ that involved the design and construction of water tanks.¬†Lorena Pavic¬†and¬†Ignacio Gillmore¬†head the team. Associates Constanza Hube¬†and Camilo Lled√≥¬†are also experienced advisers. Other clients include HP, Track Group, Formula E, Packard Foundation and Mel√≥n.

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Real estate
Real estate - ranked: tier 1

Carey

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.

Next generation lawyers
Rising stars

Tom√°s Varela - Carey

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TMT
TMT - ranked: tier 1

Carey

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¬†Ra√ļl Mazzarella¬†are the associates to note.

Leading individuals

Alfonso Silva - Carey

Rising stars

Eduardo Martin - Carey

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Tax
Tax - ranked: tier 1

Carey

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 Compa√Ī√≠a de Seguros, Brookfield, Air Products, Sencorp,¬†Barrick, HSBC and Chilquinta Energ√≠a. 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. Senior associate Manuel Garc√©s¬†and associates Daniela Pfeffer¬†and Ximena Silberman¬†are also key to the team.

Leading individuals

Jessica Power - Carey

Rising stars

Manuel Garcés - Carey

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Chile: Energy and natural resources

Electricity/oil and gas
Electricity - ranked: tier 1

Carey

Oil and gas - ranked: tier 1

Carey

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.

Leading individuals
Rising stars

José Tomás Hurley - Carey

Rosario Martínez - Carey

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Mining
Mining - ranked: tier 1

Carey

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.

Leading individuals

Rafael Vergara - Carey

Rising stars

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Latin America: International firms

Local practitioners of note (by country)

Carey has experience in handling domestic and international commercial arbitration and investor-state disputes. Gonzalo Fernández and Aldo Molinari are highly recommended. Fernández was appointed as member of the International Court of Arbitration of the ICC, and regularly acts as both arbitrator and counsel. The team at Bofill Escobar Silva Abogados has 'the skills and responsiveness to manage very complex issues'. Andrés Jana is a key name to note. Cristián Conejero Roos at Philippi Prietocarrizosa Ferrero DU & Uría is 'the most relevant player in Chilean international arbitration', acting as both counsel and arbitrator. Yrarrázaval, Ruiz-Tagle, Ovalle, Salas & Vial has notable expertise in the construction, energy, telecoms and finance-related disputes. Gerardo Ovalle is singled out for his 'excellent strategic view of disputes'. Nicolás Luco at Claro & Cia. has notable expertise in the energy and mining sectors, and Felipe Ossa is recommended for disputes in the banking and energy industries. Pedro Pablo Gutiérrez at Gutiérrez, Waugh, Jimeno & Asenjo and Esteban Ovalle at Ovalle Gazzana Bulnes Abogados are other names to note.

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Chile

Banking and finance
Banking and finance - ranked: tier 1

Carey

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,¬†Ita√ļ 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 Energ√≠a 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.

Leading individuals

Diego Peralta - Carey

Rising stars

Fernando Noriega - Carey

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Competition and antitrust
Competition and antitrust - ranked: tier 1

Carey

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.

Leading individuals

Claudio Lizana - Carey

Lorena Pavic - Carey

Rising stars

José Pardo - Carey

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

Carey

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,¬†Cristi√°n Eyzaguirre¬†and¬†Francisco Guzm√°n¬†¬†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 R√≠os¬†is the compliance contact.¬†Claudio Lizana, ¬†Salvador Vald√©s, Francisco Acu√Īa¬†and¬†Guillermo Acu√Īa, along with¬†Jorge Ugarte,¬†Cristi√°n Figueroa¬†and Francisco Ugarte¬†are also all highly regarded, as is counsel Patricia Silberman.

Leading individuals

Jaime Carey - Carey

Pablo Iacobelli - Carey

Next generation lawyers

Jorge Ugarte - Carey

Rising stars

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Dispute resolution
Dispute resolution - ranked: tier 1

Carey

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 Fundaci√≥n 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 Fern√°ndez jointly co-lead the department; senior associate Alvaro Carre√Īo , a¬†white-collar expert, is also noted. Other clients include WOM, Fant√°stico Sur,¬† Mel√≥n and Equitas.

Leading individuals
Rising stars

Alvaro Carre√Īo - Carey

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Environment
Environment - ranked: tier 1

Carey

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.

Leading individuals

Rafael Vergara - Carey

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Insurance
Insurance - ranked: tier 1

Carey

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.

Next generation lawyers

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Intellectual property
Intellectual property - ranked: tier 1

Carey

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.

Leading individuals

Guillermo Carey - Carey

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Labour and employment
Labour and employment - ranked: tier 1

Carey

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.

Leading individuals

Oscar Aitken - Carey

Next generation lawyers

Francisca Corti - Carey

Rising stars

Francisco Arce - Carey

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Carey

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.

Leading individuals

Rafael Vergara - Carey

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Public law
Public law - ranked: tier 1

Carey

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 Maip√ļ that involved the design and construction of water tanks.¬†Lorena Pavic¬†and¬†Ignacio Gillmore¬†head the team. Associates Constanza Hube¬†and Camilo Lled√≥¬†are also experienced advisers. Other clients include HP, Track Group, Formula E, Packard Foundation and Mel√≥n.

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Real estate
Real estate - ranked: tier 1

Carey

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.

Next generation lawyers
Rising stars

Tom√°s Varela - Carey

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TMT
TMT - ranked: tier 1

Carey

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¬†Ra√ļl Mazzarella¬†are the associates to note.

Leading individuals

Alfonso Silva - Carey

Rising stars

Eduardo Martin - Carey

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Tax
Tax - ranked: tier 1

Carey

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 Compa√Ī√≠a de Seguros, Brookfield, Air Products, Sencorp,¬†Barrick, HSBC and Chilquinta Energ√≠a. 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. Senior associate Manuel Garc√©s¬†and associates Daniela Pfeffer¬†and Ximena Silberman¬†are also key to the team.

Leading individuals

Jessica Power - Carey

Rising stars

Manuel Garcés - Carey

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Chile: Energy and natural resources

Electricity/oil and gas
Electricity - ranked: tier 1

Carey

Oil and gas - ranked: tier 1

Carey

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.

Leading individuals
Rising stars

José Tomás Hurley - Carey

Rosario Martínez - Carey

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Mining
Mining - ranked: tier 1

Carey

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.

Leading individuals

Rafael Vergara - Carey

Rising stars

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Latin America: International firms

Local practitioners of note (by country)

Carey has experience in handling domestic and international commercial arbitration and investor-state disputes. Gonzalo Fernández and Aldo Molinari are highly recommended. Fernández was appointed as member of the International Court of Arbitration of the ICC, and regularly acts as both arbitrator and counsel. The team at Bofill Escobar Silva Abogados has 'the skills and responsiveness to manage very complex issues'. Andrés Jana is a key name to note. Cristián Conejero Roos at Philippi Prietocarrizosa Ferrero DU & Uría is 'the most relevant player in Chilean international arbitration', acting as both counsel and arbitrator. Yrarrázaval, Ruiz-Tagle, Ovalle, Salas & Vial has notable expertise in the construction, energy, telecoms and finance-related disputes. Gerardo Ovalle is singled out for his 'excellent strategic view of disputes'. Nicolás Luco at Claro & Cia. has notable expertise in the energy and mining sectors, and Felipe Ossa is recommended for disputes in the banking and energy industries. Pedro Pablo Gutiérrez at Gutiérrez, Waugh, Jimeno & Asenjo and Esteban Ovalle at Ovalle Gazzana Bulnes Abogados are other names to note.

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