The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

DLA Piper (Chile)

Work +56 2 2798 2600
Fax +56 2 2 798 2650

Matías Zegers

Work +56227982604
DLA Piper LLP (US)

Work Department

Corporate and Commercial Law, specialized in Mergers and Acquisitions
Capital Markets
Corporate Governance
Private Equity
Venture Capital




Matías Zegers has been a partner at DLA Piper Chile since 2006. He previously worked at Davis Polk & Wardwell, in New York, USA (2002-2003); at Cariola Diez, Pérez-Cotapos y Cía. Ud., in Santiago, Chile (1997-2002, 2003-2006); and at Allard, Orrego y Cía. Ltda, in Santiago, Chile (1995-1997).

In addition, Mr. Zegers holds many positions at Pontificia Universidad Católica de Chile Law School. Since 1997, he has been a professor of corporate and securities law, teaching courses on mergers and acquisitions and corporate governance in the postgraduate master's program. He is also the Executive Chairman of the school's Center of Corporate Governance and serves as a chairman for both the corporate and tax departments. During the 2016-17 academic year, Mr. Zegers was a visiting scholar at Stanford Law School.

Mr. Zegers' practice focuses on corporate and securities law. He is a widely respected expert on issues involving corporate governance, mergers and acquisitions, capital markets, project finance, and venture capital. He has been involved in M&A transactions involving both public and private companies, advising Chilean and foreign companies on the privatization of utility companies in Latin America, as well as on the issuance of bonds and securities in Chile and foreign markets.

Mr. Zegers has been recognized in the past few years as a leading lawyer by Chambers & Partners (Corporate and M&A), Best Lawyers (Corporate and M&A, Venture Capital Law, and Corporate Governance and Compliance), The Legal 500 (Corporate and M&A), IFLR 1000 (Corporate and M&A, Capital Markets and Private Equity), Latin Lawyer (Corporate and
M&A, Anticorruption Investigation and Compliance, Banking and Finance, and Corporate Governance), LACCA (Capital Markets), and Who’s Who Legal (M&A and Governance). He was also recognized by “Leading Lawyers Chile” as the top lawyer in technology and entrepreneurship and was ranked third in Board Advisory work. He is member of the Chilean
Bar Association (Colegio de Abogados de Chile A.G.) and the International Bar Association.


Spanish and English


Member of the Latin American Roundtable in Corporate Governance, OECD
Member of the Task Force for Related Party Transactions, OECD
Member of the Chilean American Chamber of Commerce (Amcham) Finance and Capital Markets Committee
Chilean Bar Association


Graduate in Law, School of Law, Pontificia Universidad Católica de Chile (1994), receiving his Law Degree in 1995
LL.M, The University of Michigan (Ann Arbor) 2002


Banking and finance

Within: Banking and finance

In 2018, BAZ|DLA Piper and NLD (Noguera Larraín & Dulanto) merged under the name DLA Piper BAZ|NLD; the firm has since changed its name to DLA Piper (Chile). In addition to traditional banking and finance matters, the nine-strong practice group stands out for its experience in advising funds and angel investors on venture capital in Chile; it also regularly deals with national business promotion agency CORFO (particularly in regard to funding applications and credit lines), and has a robust banking regulatory practice. Recent mandates include advising Komax (as borrower) on a $49.5m syndicated loan from Banco Santander, Banco Consorcio and Banco BTG for the financing of outstanding debt and a company acquisition; and Devlabs in day-to-day matters related to the operation of its CORFO-backed fund, Fondo de Inversión Privado Outlier Seed Fund I (and associated capital calls). The group has also been active acting on behalf of banks, assiting Banco San Juan International, for example, with its registration as a foreign financial institution. Experienced practice co-heads Matías Zegers and Paulo Larrain are the key contacts; they're best known for banking, finance and venture capital, and acquisition and project financing and capital markets, respectively. Also noted is Mauricio Halpern , whose finance and capital markets practice is tempered by his extensive former experience in-house.

[back to top]

Corporate and M&A

Within: Corporate and M&A

In 2018,¬†BAZ|DLA Piper and NLD (Noguera Larra√≠n & Dulanto) merged under the name DLA Piper BAZ|NLD; the firm is now known as DLA Piper (Chile). The practice, which 'really understands its clients', has a strong team for M&A deals, including due diligence matters; it is also noted for its particular experience in venture capital, corporate governance and compliance matters. Headline work saw practice co-head Mat√≠as Zegers lead the team advising Cornershop on the $225m sale of its operating companies in Chile to Walmart, including the antitrust aspects. His fellow practice head, Paulo Larrain, advised Zurich Group on the $137m acquisition of EuroAmerica Administradora de Fondos and the portfolio of individual and life insurance of Euroamerica Seguros de Vida. Other key advisers include Jos√© Pablo Dulanto¬†and Marco Salgado (who 'really goes the extra mile for his clients'), and counsels¬†Manola Quiroz¬†and Mauricio Halpern. Senior associates Diego Pe√Īa¬†and Jorge Timmermann¬† are also key team members. Jos√© Ureta left to move in-house. Clients include L‚ÄôOreŐĀal, Zurich Group,¬†Codelco, Infosys and Victoria Capital Partners.

[back to top]

Latin America: International firms

Corporate and M&A

Within: Corporate and M&A

DLA Piper LLP (US)'s significant team and regional expansion -most recently in Buenos Aires in August 2018- over the last few years has positioned it for a multitude of big ticket corporate and M&A engagements. The Latin America group has successfully plugged in to the firm's global client base, while achieving greater recognition among Latin American businesses and multilatinas. It is also fast developing its private equity standing in the region. Financial services, energy, natural resources, agribusiness and hospitality are key industry sectors for the team. Clients include Telefonica,¬†CarVal Investors,¬†Gra√Īa y Montero,¬†Putney Capital Management, Clarion Partners and Grupo Financiero Interacciones. Recent mandates saw Miami partner Francisco Cerezo is US head of Latin America corporate and advised Costa Rican cable operator Cabletica on its $250m sale of a controlling interest in the business to Liberty Latin America (Televisora de Costa Rica retained a 20% share in the cable operator); he also led the team that advised QBE Insurance Group on the sale of its Latin America business to Zurich, making Zurich the leading insurer in Argentina and a top three player in Ecuador. In other work, Mat√≠as Zegers in the Santiago office led advice to Mexico and Chile-focused grocery delivery service, Cornershop, on its $225m sale to Walmart. Other key partners in a sizeable practice include¬†cMarcelo Etchebarne in Buenos Aires; Paulo Larra√≠n¬†and Marco Salgado in Santiago;¬†Camilo Martinez Beltran and Felipe Quintero Serrano in Bogota;¬†Sergio Barboza in Lima; Eduardo Gallastegui, Edgar Romo and¬†Diego Martinez in Mexico City; John Murphy in Miami, Nikos Buxeda and¬†Jos√© Sosa-Llor√©ns in San Juan; and of counsel Enrique Chamorro in Madrid.

[back to top]

Back to index

Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.‚Ä©
    - DLA Piper UK LLP

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to