Mr Carlos Silva > Morales & Besa > Santiago, Chile > Lawyer Profile

Morales & Besa
7550106 LAS CONDES
Carlos Silva photo

Work Department

Projects and Infrastructure
Mergers & Acquisitions
Banking and Finance


Partner at Morales & Besa, head of Projects and Infrastructure, and co-head of Project Finance and Corporate and M&A. 


Mr. Silva concentrates his practice in projects, financing and acquisitions, mainly in the infrastructure and energy fields. His experience covers PPP projects. He has broad experience and knowledge of the industry which provides him a global vision and the ability to manage complex projects in their different phases. He normally leads multidisciplinary teams, combining the underlying regulatory aspects of the project and the complexities involved (bidding processes, project financing, M&A or restructurings). He has advised some of the major infrastructure developers and investors worldwide and leading banks and financial institutions.

Awards and recognitions:
Recognized in Projects and Infrastructure by Legal 500.
Recognized in Projects and in Banking and Finance by Chambers and Partners.
Recognized as Highly Regarded by IFLR1000. 
Recognized as “Lawyer of the Year2 2018 in Project Finance & Development by Best Lawyers. 

International experience: 
Foreign associate at Shearman & Sterling, NY. (1999-2000).


Spanish and English.


Chilean Bar Association.
Member of the legal committee of the Chilean-British Chamber of Commerce.


Duke University, Law School, Master of Laws (LL.M.) (1999).
Universidad de Chile, Law School, L.C.J.S (1994).

Lawyer Rankings

Chile > Banking and finance

Morales & Besa‘s ‘truly professional and hardworking team has deep knowledge of Chilean legal issues‘. It fields experts in restructuring, syndicated loans, structured finance, derivatives, regulatory matters and distressed debt, and it is experienced in industries such as retail, real estate, mining, energy, utilities and infrastructure. In project finance, the group acts for developers, sponsors, lenders, multilateral institutions, guarantors and EPC contractors on project structuring, financing, and construction and contractual issues. On the non-transactional side, the group regularly assists companies with licensing, regulatory and compliance matters. Notable clients include Enjoy, Los Guindos Generación, Banco BICE and Japan’s SMBC. Myriam Barahona and José Miguel Carvajal are the department heads; recent mandates saw Barahona lead advice to BCI Asesoría Financiera concerning syndicated loans granted to two companies of the Vías Chile Group; and Carvajal assist Banco de Crédito e Inversiones with the amendment of the outstanding debt of CorpGroup holding group members. Other matters saw name-partner Guillermo Morales, who is ‘one of the first lawyers clients in Chile should call with difficult questions‘, act for retail conglomerate Cencosud, as borrower, on a loan facility granted by EDC to refinance existing indebtedness. Co-founding partner Eugenio BesaCarlos Silva and Matías Langevin (who is ‘very focused on the key details that can often make or break capital markets deals‘) are also all highly-regarded practitioners. At senior associate level, Ignacio Menchaca and Javier Balbontin are the key names; former senior associate Ignacio Delpino moved in-house to Banco Security.

Chile > Corporate and M&A

Morales & Besa ‘takes the time to explain things in detail to its clients‘. The 28-strong practice has significant cross-border transactional experience and is particularly noted for the sale of state-owned enterprises and handing concession award bids to operate state-controlled activities; it also regularly assists with significant corporate governance matters, strategic associations and corporate restructuring, as well as the design and implementation of compliance programmes, anti-corruption policies and self-regulation. Recent mandates saw the team act for the shareholders of Aguas Chañar on the company’s $100m sale to Marubeni and Toesca Asset Management; advise two SMU subsidiaries on the $76m sale of Construmart to Private Investment Fund Hammer; and assist AAS and Acciona Aeropuertos on the acquisition of Latam Airlines Group’s ground handling business at Santiago’s International Airport. Founding partners Guillermo Morales and Eugenio Besa co-head the team; Macarena LasoCarlos Silva, Michel Diban, Matías Langevin and Álvaro Barriga are also experienced partners. An excellent professional‘, Edmundo Varas was promoted to partner; and Lorena Barrientos became the firm’s first-ever counsel. Associate María Teresa Manubens B is also noted. Clients include Cencosud, Bank of America Merrill Lynch, Acciona Airport Services (AAS), Globalvía and The Carlyle Group.

Chile > Energy and natural resources > Electricity/oil and gas

Morales & Besa ‘provides its clients with a very positive experience‘. Perhaps best known for transactional energy matters the practice nevertheles advises on all development, construction, financing and operational phases, including PPAs, interconnection and tolling agreements, and fuel supply, as well as EPC and O&M contracts. Highlight work included advising X-Elio (a global company that specialises in the development, design, construction, maintenance and operation of photovoltaic plants), on interconnection and tolling agreements for the Uribe Solar PV plant. Eugenio Besa‘s ‘experience is invaluable and he is a good negotiator‘, Carlos Silva is also a key contact, and the ‘very supportiveSebastián Leyton and Verónica Vergara, who ‘has great vision‘, are both experienced associates. Clients include EIG, Sonnedix, WPD, Crea Energía and Acciona Energía.

Chile > Environment

Morales & Besa ‘has a strong environmental law team that understands the legal aspects of environmental, social and community issues‘. The six-strong practice group handles matters including administrative proceedings involving compliance with environmental regulations, sanctioning before the authorities and courts, project-related EIAs, and environmental legal audits. Recent work saw the team successfully assist the Chilean branch of France’s ParexGroup with the granting of environmental permits for its Lampa manufacturing plant in Santiago. A former head of the Environment Ministry’s legal division, ‘dedicated‘ senior associate Paloma Infante M is head of the department with partner-level support provided by infrastructure specialist Carlos Silva. Key clients include Astaldi Chile, Comsa Energías Renovables, BHP and Cencosud.

Chile > Projects and infrastructure

(Leading individuals)

Carlos SilvaMorales & Besa

Morales & Besa is ‘speedy, efficient and adapts to clients’ needs‘. The 10-strong practice has a strong reputation in the market for its assistance to financiers, investors and developers with the development and financing of energy and infrastructure projects. Key clients include Intervial, WPD Chile, Banco Security, Globalvía and Meridiam Infrastructure; the team is representing the latter, a major infrastructure investor and the concessionaire of a major, $200m hospital project in relation to issues caused by the insolvency of Italy-based constructor Astaldi. It also advised EIG Global Energy Partners, and its Chilean subsidiaries, on a $127m project financing for the Cerro Dominador power plants project. Carlos Silva (infrastructure and energy projects development), José Miguel Carvajal and Myriam Barahona (both focusing on project finance) head the practice. Also highly regarded are Eugenio Besa (transactions, project finance) and Macarena Laso (public concessions, real estate, construction and infrastructure), while notable associates include James Channing (construction, real estate, project finance), who ‘does a good job’, Javier Balbontín (project finance), and Sebastián Leyton (energy, natural resources, projects).

Chile > Real estate

For some clients, Morales & Besa‘s real estate and construction lawyers are ‘the best in class in every aspect of their work and a dedicated, well-prepared group of individuals‘. They frequently work alongside the firm’s regulatory, banking and finance, tax, and energy practices, with representative work including purchases, sales, leases, financing, developments, construction, zoning regulations and title review. Recent work included advising VivoCorp, CorpGroup’s real estate subsidiary, on a potential association with life insurance company Confuturo to develop a shopping mall. Carlos SilvaMacarena Laso and associate James Channing are the individuals to note.