Firm Profile > Morales & Besa > Santiago, Chile

Morales & Besa
7550106 LAS CONDES

Banking and finance Tier 1

Morales & Besa fields one of the most specialized banking and finance teams in the Chilean legal market. The group is vastly experienced in restructuring, syndicated loans, structured finance, derivatives, distressed debt, and acquisition financing. It also regularly acts for developers, sponsors, lenders, multilateral institutions, guarantors, and engineering, procurement, and construction (EPC) contractors on project finance. In addition, the team is recognized for its non-transactional work, namely in banking and financial regulations, licensing and compliance. José Miguel Carvajal has over two decades' experience in finance transactions; and Myriam Barahona focuses on banking and financial matters and project finance, both at national and foreign levels. Founding partner Guillermo Morales is also a key contact. Former partner Matías Langevin left for Honorato | Delaveau in 2019.


Excellent execution and speed, and they support all of a client’s requirements.’

We like its very good command of the subjects consulted on and permanent disposition of a truly multi-disciplinary team, 24/7.’

The speed of delivery of the requested documents and the internal co-ordination of each team are great.’

They provide timely advice with solid knowledge.’

We like them for their experience and specialty areas, in addition to their creative responses to new requests.’

Key clients

Banco de Crédito e Inversiones

Banco Security

DNB Bank

Sumitomo Mitsui Banking Corporation

Banco BICE

Banco Santander-Chile

Itaú Corpbanca

Intervial Chile (ISA Group)

Accel KKR

Projects and infrastructure Tier 1

The 12-strong group at Morales & Besa is consistently involved in complex projects, predominantly in the infrastructure and energy sectors. Its transactional experience is characterised by work for investors, developers and lenders on the structuring, developing, purchase, sale and financing of high-end projects. The firm also has a robust regulatory practice, which advises on due diligence, bidding processes, negotiations with the authorities, and litigation, including in relation to tenders for public works concessions. Carlos Silva is an infrastructure and energy specialist; José Miguel Carvajal focuses on commercial, corporate and financial aspects; Myriam Barahona is a banking, finance and project finance expert; and Macarena Laso heads the real estate and construction practice. Support at senior associate level is provided by Javier BalbontínJames Channing and Katannya Jablonski. Former senior associate Sebastián Leyton left to become head of legal at regulatory entity Superintendencia de Electricidad y Combustibles, in January 2020.

Practice head(s):


The team excels in industry knowledge, commercial approach, responsiveness and client management, and is an absolute dynamite team. They properly manage tasks with a good ratio of partners and associates; and as a result, the fees are reasonable and appropriate.

We are very happy with the service provided. They have always answered us promptly and in a very professional matter. Other advantages are their lower hourly rates and a broad coverage of knowledge areas with up to date experience.

They consistently deliver and have proven to be one of our key trusted advisors in Chile.

The lawyers know the organisational culture of our company and the risks to which the industry is exposed. Morales and Besa’s team stands out from other law firms.

Each member of the team strives to form a relationship with its clients. The individuals are skilled in their practice and promptly tend to our matters. They have a creative approach that assists us to close our transactions.

They are always on top of all the details, and the firm’s attorneys show a special affinity with clients, in addition to knowledge of the industry in which they work, both financially and in public works contracts. They differ from the rest of the law firms in terms of the ease of contacting partners and lawyers, speed in responses, quality of responses and understanding of clients and their needs.

Key clients

Sociedad Concesionaria Metropolitana de Salud

Meridiam Infrastructure

Intervial (ISA Group)

Cerro Dominador

Banco Security


Los Guindos

Sociedad Concesionaria Embalse La Punilla

Sociedad Concesionaria Nuevo Pudahuel (Santiago Airport)












Bankruptcy, insolvency and restructuring Tier 2

Morales & Besa's six-strong specialized insolvency, restructuring and reorganization department leverages off the firm's prestigious banking and finance, capital markets and projects practices. The team has expertise in reorganization proceedings and out-of-court debt restructuring agreements, as well as insolvency scenarios before the courts, agreements reached with creditors, and the implementation of complex structures. It is also particularly experienced in matters involving the healthcare, financial services, construction and energy sectors. Myriam Barahona, whose broad practice includes insolvency and restructuring, and Gonzalo Cordero, who  is recommended for insolvency and bankruptcy-related litigation, are the key contacts. Contentious support is provided by experienced associates Orlando Palominos and Juan Ignacio Eymin.

Practice head(s):


The team gives certainty and concrete solutions to the problems that appear in this area. Strong teamwork allows them to give an overview of the issues they discuss.’

This is a firm with vast experience in financial and corporate matters, having the resources and skills to deal with very complex businesses. Given this, it is natural that the practice, when working as a team, achieves excellent results. The team’s main skills include great knowledge of the financial and construction industries, as well as great knowledge of the applicable regulations.’

This is a very good team that is professional and committed. It is very timely and fast in terms of communications and responses to the client, as well as in the presentations and legal proceedings themselves. It compares very favorably with other firms.’

They differ in the commitment with which they work, the professionalism and dedication with which they carry out their functions, and in the excellent teamwork team they have.’

They show dedication to the client and knowledge of the applicable regulations.’

Myriam Barahona has participated in numerous restructurings, standing out for managing teams that solve complex problems in a very short time and at an excellent level.’

Myriam Barahona’s financial experience gives her the practical perspective necessary to provide solutions to the different problems, while associate Orlando Palominos has great legal and practical knowledge of restructuring issues.’

Associate Orlando Palominos has a deep understanding of bankruptcy and commercial law. In my experience, he is a lawyer to go to for all kinds of situations. He is a complete professional with very acute analysis.’

Key clients

Sociedad Concesionaria Metropolitana de Salud


Northstar Europe


Constructora Ingevec

Capital markets Tier 2

Morales & Besa‘s seven-strong group regularly advises major global banks, local securities firms, global private equity funds and seasoned issuers on major Chilean capital market transactions. Recent work includes a sizeable IPO, bond issuances, a liability management transaction and a voluntary exchange and early redemption of project bonds process. Founding partner Guillermo Morales has over 35 years’ experience in advising national and international banks and corporations, and José Miguel Carvajal has extensive experience in financing companies through bond and commercial paper issuances. Senior associate Andrea Díaz heads the capital markets regulation practice; since publcation, she has been raised to the partnership, effective as of July 2021.


One aspect in which M&B stands out is the presence and concern of the partners in the structuring and implementation of their clients’ businesses.’

The M&B partners have maximum availability to serve clients. In capital markets, they have a very sharp team with vast experience in corporate and securities issues. Compared to other law firms, M&B has very good partner quality – it is one level higher than most practices.’

I highlight the meritocratic nature of the firm. It has a distinctive feature in the training of its lawyers, which is the thoroughness in the analysis and implementation of each transaction document.’

It is a team with great capacity for analysing problems that the client raises, always looking for innovative solutions.’

Guillermo Morales is rated for his deep knowledge of the capital markets and for being able to read the market on time. He stands out as one of the best exponents of his generation in this area.’

José Miguel Carvajal is known for his ability to respond quickly and commercially to the concerns of clients, without neglecting the delivery of a first-rate product.’

José Miguel Carvajal stands out for his high-level of analysis of any problem, dedicating the necessary time that the client requires.’

Associate Andrea Díaz has in-depth knowledge of stock market regulations.’

Key clients

Cencosud Shopping

The Republic of Chile

Goldman Sachs

JP Morgan Securities

Morgan Stanley

Ruta del Maipo Sociedad Concesionaria

Embotelladora Andina





Corporate and M&A Tier 2

Morales & Besa's 'very strong' corporate and M&A practice fields 26 lawyers, who advise a range of international bidders, private equity firms and local and international sellers on complex acquisition processes in Chile. The group is particularly noted for its privatisation expertise, and includes advisers with considerable sector knowledge in areas including infrastructure, energy, technology, mining and construction The practice boasts several experienced partners, including name partners Guillermo Morales (corporate finance, restructuring, M&A and capital markets) and Eugenio Besa (M&A, foreign investment, capital markets and project finance). Formerly GC at Corp Group, Álvaro Barriga brings profound in-house insight to a practice focused upon transactional matters. Other key practitioners include Edmundo Varas (commercial, financial and corporate advisory, restructuring, bond placements and derivatives), Macarena Laso (primarily M&A, capital markets and PPPs) and Michel Diban (corporate M&A, foreign investment and restructurings). Former partner Matías Langevin left for Honorato | Delaveau in July 2019; the team also lost senior associate María Teresa Manubens who moved in-house at Agrosuper in May 2019. However, a timely boost saw corporate and commercial associate Guillermo Pizarro return from a year as international associate at Milbank's New York office in August 2019.


The firm is a very strong, solid firm with extensive technical knowledge, and it has great availability to meet all demands. They are a very cordial team and are attentive to details.

The difference with competitors is in the price and agility with which they act. I really like their work. Other positive points are assertiveness, management, information security, clarity on issues and availability.

Key clients

Partners Group


FRS Capital

Merck, Sharp and Dohme (Animal Health Division)

EIG Atacama Management

Teras Capital

Exceda Americas

DIF Capital Partners

MIQ Logistcis

Noatum Logistics


Casa de Moneda de Chile

Tigre ADS


Acciona Energía

Competition and antitrust Tier 3

The six-strong team at Morales & Besa is experienced in advising on merger and concentration transactions, representation in litigious matters, and compliance. Gonzalo Cordero has vast experience in competition matters before the Competition Tribunal; and recently promoted partner María José Henríquez is the former anti-cartel unit head of the FNE, where she led complex and high-profile collusive conduct investigations.

Practice head(s):


This team is highly specialized and possesses superior expertise to other law firms, in terms of its knowledge, practical experience and ability to develop extremely complex free competition analysis.’

Lawyers with exceptional competence, great ability to solve clients’ problems in the most correct way and exceptional skills as litigants.’

Key clients

Iron Mountain Chile

SSA Holdings International Chile


Unión Nacional de Artistas

Naviera Orca

Dispute resolution Tier 3

Arbitration is at the heart of the disputes practice for noted corporate player Morales & Besa, although the ten-strong team also handles civil and commercial litigation, construction disputes, antitrust claims, contentious administrative proceedings and white-collar matters; of late it has been particularly active in infrastructure disputes related to public concessions and the energy sector. Practice head Gonzalo Cordero's disputes experience covers construction, consumer protection, high-profile administrative litigation and arbitration. Notable support is provided by senior associates Orlando Palominos (arbitration, litigation and insolvency), and Juan Ignacio Eymin (litigation and ADR, with a focus on civil and administrative procedures).

Practice head(s):


They are an excellent team, provide us with a very good service, are very personalised, and are always available to answer the phone or answer questions.

Morales & Besa stands out among our legal advisers for the quality, timeliness and effectiveness of their legal opinions. Unlike other law firms, all of excellent quality, Morales & Besa has forged an excellent professional relationship with us, providing advice on corporate and judicial matters, and collaborating on the resolution of disputes that arise from contracts.

The feature that stands out is the professional quality of the lawyers who provide us with advice. We have always received excellent professional advice, which gives us confidence and security in making our decisions. This continuous advice is fundamental to our management as a company.

Senior associate Orlando Palominos has strong expertise in litigation and civil law, outstanding knowledge of the law and an ability to think in practical terms. Orlando was very responsive; he understood the task perfectly and delivered the result within a short time. The work product was very clear so we are very satisfied with it and, overall, with the service we received. As opposed to other lawyers, Orlando worked closely with us and provided preliminary drafts with outside-the-box thinking in seeking solutions to our concerns, discussing them on a regular basis.

We are very happy with the relationship we developed with senior associate Orlando Palominos. He is a lawyer that stands out from his peers, thanks to his ability to combine a deep theoretical understanding with practical and down-to-earth solutions, tailored for business and the needs we presented. He is also always available to answer our questions, is very approachable and has no problem in receiving new ideas or comments on his work and is always looking for the best way to advise..

This team has an outstanding senior attorney in knowledge and customer service called Orlando Palominos. He is one of the main reasons why I use Morales & Besa.

Key clients

Sociedad Concesionaria Metropolitana de Salud

Sociedad Concesionaria Puente Industrial

Sociedad Concesionaria Nuevo Pudahuel




Universidad de Chile

Inmobiliaria Travesía

Constructora Ingevec

AFP Cuprum


Multitiendas Corona

Environment Tier 3

Morales & Besa's broad practice covers environmental evaluations, administrative and sanctioning administrative proceedings, environmental permits, and the implementation of the Extended Producer Liability Law. Another area of note is the application of sectoral regulations in the sanitary, telecoms and aquaculture industries, among others. Promoted to practice director in July 2020, team leader Paloma Infante is a former Environment Ministry legal division head.

Practice head(s):


A very proactive team that is attentive to detail.

Extensive knowledge of the subject, with efficient and effective management of matters.

They are always available and have wide experience.

Paloma Infante excels with her knowledge and experience.

Key clients

Corporación Altos del Cantillana

Gestión Ambiental Consultores

Atlas Renewables

Sociedad Concesionaria Metropolitana de Salud



Goverment of Chile

Cerro Dominador



Tepual Conservación

INERCO Consultores


Team Foods



National Electric Coordinator

COMSA Renovables

Constructora Ingevec

Patagonia Ventures

Mining Tier 3

Morales & Besa's experienced partner Eugenio Besa heads a six-strong department providing all-encompassing advice, from mining, environmental and corporate law, to finance, M&A, project development, construction and regulatory issues. Typical work also includes assisting with mining rights and agreements, and the incorporation of mining entities and procurement of permits. Mining transactions-focused Lorena Barrientos became the firm's first-ever practice director in 2019; while Katannya JablonskiPaloma Infante and James Channing provide notable associate-level support.

Practice head(s):


Great knowledge of the relationship between legal issues and business points. Excellent expertise and knowledge of environmental issues, land use and relations with authorities.

Associate James Channing is an excellent lawyer, who is very user friendly and has a good handling of those matters that are essential when structuring a transaction.

Key clients

Arena Minerals

Arena Minerals Chile

Fiore Exploration

Fiore Andes

Anglo Pacific Group

Real estate Tier 3

Morales & Besa's six-member real estate and infrastructure team is focused on both transactional and regulatory matters, and frequently works alongside the firm's banking and finance, tax, and energy practices. The department is led by experienced partner Macarena Laso, whose broad experience covers public concessions, real estate and construction works, along with infrastructure projects. The practice is strongly supported by senior associate James Channing, who brings approximately 10 years’ experience in construction, real estate, project finance and infrastructure to the practice.

Practice head(s):


The real estate team is very experienced. It has provided us with advice on simple issues of real estate law, as well as more complex tenders.

They are very orderly, fast and efficient. I have been working with M&B since its creation. I have been advised on several real estate purchases. They know real estate issues very well and also handle real estate-related tax issues very well.

They are great professionals, very solid at a technical level and very pleasant to work with.

Key clients


Cencosud Shopping

Banco Security

Banco Internacional

So Send I You International


Compañía de Seguros de Vida Confuturo


Patagonia Ventures Chile


Coordinador Eléctrico Nacional

Sedgman Chile

Sociedad Concesionaria Metropolitana de Salud

Data privacy Tier 4

Leveraging its recently formed IP practice, Morales & Besa advises on data privacy matters surrounding M&A and financial transactions. The team also assists with contractual matters, such as cross-border data transfers, and personal data processing authorisations and agreements. In addition, it focuses on cybersecurity issues, particularly in relation to new technologies, such as the Internet of Things, web and mobile apps, and cryptocurrencies. Edmundo Varas is the partner in charge, with support from associate Marco Correa.

Practice head(s):

Key clients


Labour and employment Tier 4

Morales & Besa's labour team covers individual and collective rights, social security, immigration, executive compensation plans, and employee benefits.  It is also experienced in labour law litigation. Sector expertise for the practice includes banks, construction, transportation, energy, aviation, retail, and food and drink. Senior associate and litigation specialist Angelina Migliorelli heads the labour and employment practice with partner-level engagement from  Álvaro Barriga (co-head of the firm's corporate and M&A department), and associate Diego González.

Practice head(s):


Knowledge of the procedures and great, practical support. They also have good negotiation skills during complex cases.

It is a highly qualified and trained team that is always empathetic; the lawyers are concerned with providing quick, effective and practical solutions that allow successful cases to be addressed.

The availability and personalised attention are two of the points that stand out the most in the team we work with. The lawyers are concerned with knowing and understanding our business; and, from that perspective, they advise more effectively.

Great availability and their experience is clear.

Key clients

Banco Internacional

Constructora Ingevec


H-E Parts

Internationational School Partnership

Iron Mountain Chile



Tax Tier 4

Morales & Besa's tax practice is involved in most of the firm's transactions, including project finance, capital markets and M&A. The team also assists with general tax and compliance matters, along with administrative and legal representation before the tax authorities. Experienced partner Eugenio Besa, and counsel Gracia Curtze constitute the core of the team following the departures of former of counsel Francisca Pérez and senior attorney Jaime Rosso (to join TMF Group and Quadrant Abobgados, respectively). Curtze focuses on advising corporate clients and family offices in connection with transactional, financial and accounting matters; she has particular expertise advising international companies on investment issues.

Practice head(s):


Compared to other Chilean firms with which we have worked, Morales & Besa is very reactive, answering clients’ requests quickly and practically, and addressing problems effectively. This attention differs significantly from other law firms in Chile, with which we have worked in the past.

Dedicated to achieving a proper understanding of what the client requires and agile in the preparation of strategy and definition of critical points, it is a high-level team and highly focused on compliance.’

Key clients

EIG Global Energy Partners

Banco Security

Morgan Stanley

The Republic of Chile

Goldman Sachs


Komatsu Cummins


Andritz Chile


Electricity and hydrocarbon

Morales & Besa's five-member practice, led by experienced partners Eugenio Besa and Carlos Silva, is best-known for its transactional energy work and involvement in the developmental, construction, financing and operational phases of projects. Areas of expertise include project agreements for private PPAs, interconnection and tolling agreements, and fuel supply, EPC and O&M contracts. The team has undergone some change. Following the departures of former associate Verónica Vergara, who joined Barros & Errázuriz in mid-2019, and senior associate Sebastián Leyton – who became head of legal at the Superintendencia de Electricidad y Combustibles in January 2020 – the firm hired the former general counsel of Primer Energía, Juan Carlos Valdivieso, as a senior associate in March. Further associate-level support is provided by Gabriela Leaño and Augusta Quiñones.

Practice head(s):


The team excels in industry knowledge, commercial approach, responsiveness and client management, and is an absolute dynamite practice. They properly manage tasks with a good ratio of partners and associates and as a result, the fees are reasonable and appropriate.

They consistently deliver and have proven to be one of our key trusted advisers in Chile.

Each member of the team strives to form a relationship with its clients. The individuals are skilled in their practice and promptly tend to our matters. They also have a creative approach that assists in closing transactions and are on top of all the details.

The team has diverse capabilities, including taxes, permits, regulatory elements and financial activities.

Key clients

Cerro Dominador

EIG Global Energy Partners

Sumitomo Mitsui Bank Corporation

Celeo Redes Chile


Banco Security



Grupo Ibereólica

Morales & Besa was established in 1992 by a group of leading professionals in the fields of corporate, finance and tax law and has been at the forefront of the legal profession in Chile ever since, notably in cross-border transactions. It offers in-depth expertise in complex legal matters and unrivalled execution capabilities, and adheres to the highest professional standards.

Morales & Besa is a premier full-service Chilean law firm with leading market practices, a global outlook and strong Latin American ties across multiple industries. The firm delivers effective and creative results for its clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.

Practice areas

Banking and finance: the firm acts for most of Chile’s national banks as well as some of the leading international players. It advises in all areas of investment banking and finance, including corporate finance, leveraged buyouts, structured finance, project finance, derivatives, distressed debt and restructuring, commercial lending and syndicated loans.

M&A: the firm is recognized as being among the leading mergers and acquisitions legal advisors in Chile. It regularly advises international and domestic buyers and sellers in acquisitions and takeover processes, acting on emblematic and complex deals. Morales & Besa is a leading advisor on tender offers in Chile and it has represented international buyers and the government of Chile in major privatizations.

Capital markets: the firm advises on debt and equity securities offerings (including offerings made by the Republic of Chile), securitization and domestic and international listings of companies. The firm has particular expertise in the areas of asset management and venture capital law.

Taxation: Morales & Besa has extensive experience in devising and implementing creative tax solutions to address the particular needs of complex business structures.

Intellectual property: the firm advises on all kinds of intellectual property issues, infringement disputes and all other aspects of IP law. The firm is actively involved in the structuring and negotiation of licensing agreements and technology transfer agreements.

Litigation, arbitration and ADR: the firm’s group of highly skilled litigation practitioners represents the firm’s clients in a variety of civil, commercial, tax, antitrust, white-collar crime and other specialized litigation. The group has experience and is familiar with domestic and international arbitration proceedings and the enforcement of foreign awards in Chile. In the area of alternative dispute resolution its attorneys are active, particularly in large infrastructure projects and engineering contracts.

Employment: the firm has developed a strong employment law practice, leading collective bargaining processes, advising international corporations on issues concerning their Chilean employees and defending the interests of clients before the employment courts.

Real estate: the real estate practice group has advised on major projects, such as the construction of the tallest building in South America, and has extensive experience advising real estate investment companies.

Antitrust: Chile actively enforces its antitrust laws and the firm’s lawyers undertake antitrust, competition and marketing-related cases involving companies in the Chilean market.

Energy, public utilities and infrastructure: Morales & Besa plays an active role in the development and deregulation of the Chilean energy, utilities and infrastructure sectors.

Criminal: the firm has a multidisciplinary team specialized in highly complex litigation for white collar, tax crime, cybercrime, anticorruption, criminal antitrust, antimony laundering and breaches of industrial and intellectual property regulation. The team has successfully represented domestic and international clients achieving criminal landmark judgments before the Chilean Courts of Justice.

Regulation and environment: Morales & Besa has comprehensive experience in environmental and regulatory matters related to all types of investment projects. This knowledge is applied to several areas such as legal due diligence, environmental impacts assessment system, environmental sanctioning proceedings, sectorial permits and – generally – to all matters concerning relevant government agencies. This practice also allows the firm to enrich other areas and achieve complete legal advice.

Department Name Email Telephone
Banking and finance José Miguel Carvajal E:
Banking and finance Myriam Barahona E:
Capital markets Guillermo Morales E:
Capital markets José Miguel Carvajal E:
Capital markets Matías Langevin E:
Corporate – M&A Guillermo Morales E:
Corporate – M&A Eugenio Besa E:
Corporate – M&A Carlos Silva E:
Corporate – M&A Matías Langevin E:
Corporate – M&A Álvaro Barriga E:
Corporate – M&A Michel Diban E:
Corporate – M&A Macarena Laso E:
Corporate – M&A Edmundo Varas E:
Employment Gonzalo Cordero E:
Litigation/antitrust Gonzalo Cordero E:
Projects and energy Carlos Silva E:
Tax Francisca Pérez E:
Photo Name Position Profile
Ms Myriam Barahona  photo Ms Myriam Barahona Partner at Morales & Besa.
 Álvaro Barriga  photo Álvaro Barriga Partner at Morales & Besa.
Mr Eugenio Besa  photo Mr Eugenio Besa Senior Partner at Morales & Besa
 José Miguel Carvajal  photo José Miguel Carvajal Partner at Morales & Besa and co-head of Banking and Finance, Project…
Mr Gonzalo Cordero  photo Mr Gonzalo Cordero Partner at Morales & Besa, head of Dispute Resolution arbitration and litigation…
 Andrea Díaz  photo Andrea Díaz Partner at Morales & Besa, co-head Capital Markets practice and head of Capital…
Mr Michel Diban  photo Mr Michel Diban Partner at Morales & Besa, co-head of Corporate/M&A.
Mr Juan Ignacio Eymin  photo Mr Juan Ignacio Eymin Senior associate at Morales & Besa.
 Maria José Henríquez  photo Maria José Henríquez Partner at Morales & Besa. Head of Competition / Antitrust and Compliance…
Ms Paloma Infante  photo Ms Paloma Infante Director at Morales & Besa, head of Regulation, Environment & Natural Resources.
Ms Katannya Jablonski  photo Ms Katannya Jablonski Senior associate at Morales & Besa.
Ms Macarena Laso  photo Ms Macarena Laso Managing Partner at Morales & Besa and head of Real Estate and…
Ms Angelina Migliorelli  photo Ms Angelina Migliorelli Senior associate at Morales & Besa and head of Labour and Employment.
Mr Guillermo Morales  photo Mr Guillermo Morales Founding Partner at Morales & Besa, head of Capital Markets and co-head…
Mr Orlando Palominos  photo Mr Orlando Palominos Senior associate at Morales & Besa.
Mr Carlos Silva  photo Mr Carlos Silva Partner at Morales & Besa, head of Projects and Infrastructure.
Mr Juan Carlos Valdivieso T.  photo Mr Juan Carlos Valdivieso T. Senior associate and head of Energy and Natural Resources practice.
Other fee-earners : 72
Total staff : 105
Partners : 12

Firm Overview:

Morales & Besa was established in 1992 by a group of leading legal professionals in corporate and M&A, finance, capital markets, dispute resolution, projects and infrastructure, energy, administrative law, intellectual property and tax. The firm is recognised for its execution and teamwork capabilities, and its ability to provide comprehensive legal services to clients with varied interests, both at local and international level. The firm promotes talent and diversity to offer its clients innovative perspectives and creative solutions, rooted in the legal system and the demands of their businesses.

International Outlook:

More than a third part of the firm’s lawyers hold or are pursuing an LL.M. degree. Of these, over 80% obtained it from international universities, from the US and Europe, and the remaining part, from the most prestigious Chilean law schools. The ample majority of those who study abroad participate in a foreign associate program in some of the most prestigious law firms, supported by our policy of collaboration with leading law firms around the world, which opens doors for the exchange of ideas, approaches, knowledge and experience, resulting in innovative solutions.

The firm is among the 10 Chilean firms included in the “International and Cross-Border Capabilities” section of Chambers and Partners Global Guide, which recognises those firms that offer the best experience in transactions with international components.

Recognising Excellence:

The firm and team have been recognised by some of the most prestigious legal directories and publications, both by its technical and organisation performance. Practices such as Projects and Infrastructure, Banking and Finance, Corporate and M&A, and Capital Markets are among the top tiers and leading positions of Chambers and Partners and Legal 500, among others. Environment, Energy, Competition/Antitrust, Dispute Resolution, Insolvency and Reorganisation, Tax and Intellectual Property and Data Protection, among others, are also highly positioned in these and other specialty rankings, and so are the firm’s most experienced members.

The firm’s work is often awarded or shortlisted as deal of the year by relevant publications such as Latin Lawyer, Latin Finance, IFLR, and IJGlobal, among others.


Morales & Besa do not only believe that diversity matters, as its almost 30 years of experience have shown, but also that it is one of the keys to a better working environment, where people can learn from the differences among them, which, at the end, helps to provide for a better service and to achieve success.

Diversity and meritocracy are part of the firm’s foundational principles and, from the beginning of the firm, it has recruited considering only the excellence of the applicants, their professional credentials, integrity and work ethic, regardless of their family, social, political or religious affiliations, or gender or sexual orientation, which, as consequence, has helped it to create a diverse environment, where lawyers come from different backgrounds, have different ways of thinking and provide diverse perspectives.

Historically, the firm has had a high number of women among its members, including female partners from early on. The firm has a Diversity Committee, formed by partners, counsel, director and senior associates, which is in charge of its diversity and inclusion activities and challenges.


From Morales & Besa it has been promoting several initiatives that allow it to contribute to a more sustainable day-to-day. During the last years, the firm has been deepening its waste management processes, which resulted in the consolidation of its collection and recycling system. Likewise, the firm fosters several initiatives for the reconditioning and reuse of materials.

In addition, because of its involvement and commitment to environmental care, the firm contributes through pro bono work to different initiatives for the conservation and protection of the environment.

Department Name Email Telephone
Senior Partner Guillermo Morales E. +56 2 2472 7007
Senior Partner Eugenio Besa J-H. +56 2 2472 7017
Managing Partner Macarena Laso A. +56 2 472 7034
Partners : 11
Lawyers : 65
IBA (International Bar Association)
ABA (American Bar Association)
AmCham American Chamber of Commerce
British Chamber of Commerce

International Capabilities

Since its establishment in 1992, Morales & Besa was conceived and has consolidated as a local firm with international outlook. Thus, in our almost 30 years of history, we have gained a great international understanding that came through many sources, including our experience with international clients with local presence and with local clients with foreign exposure. Because of our reputation in the international arena we are routinely called upon as legal advisors to big-name clients in some of the most challenging and emblematic cross-border transactions and operations.

We also have experience in acting as foray as legal advisors in transactions that do not include Chilean factors, but in which the client trusts our significant international experience and performance, to look after their interests.


Morales & Besa has been able to build and maintain solid relationships with some of the main law firms present in the Americas, Europe and Asia, with which we work, on a regular basis, in advising clients or projects developed in Chile. We are routinely recommended by these same law firms to their clients to support them in the legal aspects related to the Chilean jurisdiction.

In addition, we regularly participate in the main events of the international legal field, including encounters of the American Bar Association and the International Bar Association and other specialty events led by some of the main players in the different specialties.

International training

Most of our lawyers pursue postgraduate studies in some of the most prestigious international universities, mainly in the United States, but also in Europe. The ample majority of these, remain working as international associates in firms with which we collaborate permanently. More than half of our partners were part of these programs and cultivate these links to date.


Our team is fluent both in Spanish and English. Portuguese, French and German is also spoken.