
The large banking and finance team at full-service firm Claro & Cia. is widely lauded for its advice on financial products. The practice’s representative expertise ranges from multi-lateral and cross-border financing, to project finance; while its sector specialisms cover energy, infrastructure, mining and telecoms (among others). Recent highlights for the group include high-stakes restructurings, and the group additionally experienced growth in corporate and mezzanine financings. Among the department’s several partners, Rodrigo Ochagavía has enviable experience in banking and finance, project financing and capital markets, particularly in relation to the energy sector; and José Luis Ambrosy is an expert in structuring complex financial transactions, including both brownfield and greenfield project financings, syndicated loans and acquisition financings. The team further includes Jorge Martín, who focuses on infrastructure and transportation projects; Luisa Núñez, an adviser on cross-border transactions involving corporate and project finance; Cristóbal Eyzaguirre, who serves as a strategic adviser to local and foreign financial institutions (and their boards); energy sector specialist Ariel Mihovilovic; and José María Eyzaguirre F, whose industry expertise encompasses energy, infrastructure, aviation, transportation, food, retail, banking, and private equity. At associate level, María Jesús Muñoz, Vicente Allende Carmen Luz Chavarría, Felipe Pérez and Rafael Mackay are the names to note.
Legal 500 Editorial commentary
Accolades
Client satisfaction
Testimonials
Collated independently by Legal 500 research team.
- 'In Chile, there is undoubtedly no better advisor than Claro for these types of [refinancing] transactions, with a foundation of knowledge and experience that provides the confidence clients need. They not only possess extensive knowledge and contribute with their expertise, but they are also capable of developing innovative solutions for every challenge that these types of transactions typically present.'
- 'There is no one on the Claro team who doesn't meet the expectations of a large company. In that sense, I highlight José Luis Ambrosy, who always has the willingness and ability to handle all legal matters. The support behind every strategic issue from José María Eyzaguirre [Baeza] is unique in Chile; there is nothing he hasn't done or wouldn't resolve in the best way for the company's interests.'
Key clients
- Latam Airlines Group
- CAP
- IDB Invest
- AES Andes
- Atlas Renewable Energy
- Enfragen - Glenfarne
- Transbank
- Lunina
- Celeo Redes
- Grupo Gloria - Gloria Foods JORB
Work highlights
Advised LATAM Airlines on the amendment of two revolving credit facilities (totaling $1.1bn), as part of its post-Chapter 11 refinancing strategy and return to the NYSE.
Assisted the Chilean arm of Miami-based Atlas Renewable Energy with obtaining a $289m financing for a large-scale battery energy storage system project.
Assisted the GenCos with a facility granted by the Inter-American Investment Corporation (for up to $3.7bn) for the purchase of securities issued by the Chilean government through the FET (Fondo de Estabilización Tarifaria).
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Carmen Luz Chavarría
María Jesús Muñoz
Practice head
Rodrigo Ochagavía; José María Eyzaguirre B


