Mr Guillermo Morales > Morales & Besa > Santiago, Chile > Lawyer Profile

Morales & Besa
7550106 LAS CONDES

Work Department

Capital Markets
Corporate and M&A
Banking & Finance


Founding Partner at Morales & Besa, head of Capital Markets and co-head of Corporate/M&A. 



The practice of Guillermo Morales extends for more than three decades. He has vast experience advising both national and international companies in the processes of planning, negotiating and executing acquisition transactions and mergers, debt and equity securities offerings, and corporate restructurings. Over the years he has advised and represented prominent national and international companies and institutions in a wide variety of situations and transactions, including virtually all major global banks and numerous domestic and multinational corporate clients in a variety of sectors and industries. He has acted as special counsel to the Republic of Chile in all its major capital market transactions since 1999 to date, including several milestone ESG operations. 

International experience:
Foreign associate in New York at White & Case and was Secretary of the Inter-American Affairs Committee of the New York City Bar Associate (1987-1988).


Spanish and English.


He is the Honorary Legal Adviser to HMA British Embassy in Santiago and member of the Chilean Bar Association, Fundación Pro Bono Chile, the British-Chilean Chamber of Commerce, and the North American Chilean Chamber of Commerce. Additionally, he is legal counsellor and director of Make-a-Wish Foundation (Chile) and Ambassador of the “Mujeres en Finanzas” corporation.


Master of Laws (LLM), University of Chicago Law School (1987).
Law degree, graduated magna cum laude, Universidad de Chile, Law School (1983).

Lawyer Rankings

Chile > Capital markets

(Leading individuals)

Guillermo MoralesMorales & Besa

Morales & Besa‘s six-strong practice routinely advises on complex and innovative capital markets deals. The firm is a counsel of choice for prestigious investment banks such as Goldman Sachs and JP Morgan, while on the issuer side, the team acts for prominent domestic corporations on their major capital and debt raising processes; in addition to the capital markets group’s transactional work for underwriters and issuers, it also assists both domestic and global funds and asset managers. The broad corporate finance practice of founding partner Guillermo Morales includes domestic and cross-border capital markets transactions, debt and equity offerings, liability management transactions, IPOs and follow-on offerings; while José Miguel Carvajal has extensive experience in financing companies through the issuances of bonds and commercial paper. Notable growth during 2021 included the elevation of capital markets transactions specialist Andrea Díaz to partner, adding greater capacity to the practice, as well as the recruitment of Gonzalo Pereira from the Financial Market Commission (Chile’s securities, banking and insurance regulator) as a senior associate.

Chile > Corporate and M&A

(Hall of Fame)

Guillermo MoralesMorales & Besa

With a client base evidencing a particularly strong orientation towards infrastructure, energy, mining and construction companies, the 15-strong corporate and M&A practice at Morales & Besa routinely advises on both buy-side and sell-side private and public M&A transactions for large, medium-sized and SME clients, including strategic buyers, investment banks and private equity funds. Founding partners Guillermo Morales (whose broad practice covers private acquisition and sale transactions, public tender offers, mergers and restructurings) and Eugenio Besa (a commercial, finance, foreign investment and M&A specialist), are both pillars of the Chilean corporate market. Corporate and commercial expert Michel Diban; Macarena Laso, whose experience includes publicly-listed company mergers; and Álvaro Barriga, who is active in M&A transactions as part of a wider corporate practice, are all also highly-regarded advisors. At associate level, Vicente Valdés is the key figure, advising on M&A, divestitures and restructuring.