The 19-strong insolvency, bankruptcy and restructuring practice at legal market stalwart Carey represents both creditors and debtors in significant insolvency proceedings and liquidations. The full-service team also assists with reorganisation agreements, restructurings and negotiations; while its corporate lawyers routinely advise on distressed M&A, asset acquisitions and debt restructuring. Also of note, the practice’s wide-ranging sector expertise covers insurance, mining, banking, airlines and tourism (among others). Recent highlights include assisting telecoms company WOM (and affiliates), as Chilean local counsel, in relation to their Chapter 11 cases before the Delaware Bankruptcy Court, the matter involving total debt of approximately $1.7bn. The practice is home to several experienced partners, namely: Ricardo Reveco, who routinely leads high-stakes insolvency litigation; renowned litigator Roberto Villaseca, who has extensive experience in bankruptcy and insolvency matters; and Salvador Valdés, an adviser to corporate clients on bankruptcy issues and distressed M&A. Also integral to the team, Francisco Ugarte assists debtors and creditors with restructurings and insolvencies; Cristián Figueroa is a highly-regarded distressed M&A expert; and Alejandra Daroch is a corporate and M&A lawyer with broad insolvency, bankruptcy and restructuring experience.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ''Carey's team is the most complete and young, ensuring a practice whose interaction with other areas of the office generates enormous benefits, given their ability to understand complex issues in specialized legal areas with specific regulations.'
- 'The team has a special coordination between partners like Ricardo Reveco and younger members like Francisco Torm and Daniela Lozano. This means that everyone works in a very organized and coherent manner.'
- 'It stands out for the high level of responsibility of its team members and the drive they put into processing the cases they are entrusted with, compared to other firms I have worked with.'
- 'The team impresses with its high professional quality and commitment, demonstrating extensive knowledge of their field. They are always committed to advancing processes and keeping clients informed about the team's decisions. Ricardo Reveco, Nicolás Valdés, and Roberto Villaseca stand out.'
- 'Carey's team is probably the most technically and professionally qualified in this field among Chilean offices.'
- 'Ricardo Reveco's prestige, human qualities, and deep technical knowledge make him one of the best Chilean lawyers in this field.'
- 'They are specialists in the relevant practices; they have greater operational efficiency and resource management; and high quality client service and satisfaction. Creation of multidisciplinary teams to address complex and international problems.'
- 'Deep legal knowledge and specialization in bankruptcy and restructuring. Excellent verbal and written communication skills; strong analytical and problem-solving skills; creativity to find innovative, systematically empathetic, and viable solutions. Solid reputation based on a track record of success; global reach and ability to handle international matters; culture of excellence and continuous improvement. Standout attorneys: Ricardo Reveco; Roberto Villaseca; Daniela Lozano.'
- ' The teamwork is exceptional—among themselves and with us, the client. Their involvement in the firm is total, and the astuteness with which they approach problems (and their technical knowledge) is far superior to what we've seen in any other firm. The speed of the younger associates is well complemented by the experience and caution of the older partners—they usually attend meetings together, and unlike many teams, they are all tremendous contributors. They approach the client's problems with the same concern as if they were their own, but with the detachment and composure required of a top-level advisor. I believe they achieve this broad perspective and simultaneous involvement in part thanks to their intergenerational teamwork.'
- 'The partnership between Ricardo Reveco, partner, and Francisco Torm, associate, is one of the best I've ever seen in the legal field. They are both brilliant, resourceful, astute, and extremely knowledgeable and diligent. They complement each other very well.'
Key clients
- WOM
- UMB Bank
- CNN Chile
- Empresas Sencorp
- Liberty Managing Agency
- MS Amlin
- Navigators Insurance Company
- Beazley Furlonge
- Nova Austral
- María Elena Solar
- Unifood Holding
- ALC Group
- Sociedad Inmobiliaria Valle Nevado
- Andres Industrial
- Carsol Group
- Fray Leon
- Choice Hotels International
- Scotiabank
- Itaú
- Security
Work highlights
Assisted WOM (and affiliates), as Chilean local counsel, in relation to their Chapter 11 cases before the Delaware Bankruptcy Court (with a total debt of approximately $1.7bn).
Assisted UMB National Bank (as trustee under 144a/Reg-S notes issued by Enjoy), in relation to the judicial reorganisation proceeding of Enjoy in Chile.
Assisted Empresas Sencorp (and affiliates) with the judicial reorganisation of certain affiliates, the renegotiation of the judicial reorganisation plans of certain affiliates, and out of court restructuring of certain debts.
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.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Ricardo Reveco; Roberto Villaseca; Salvador Valdés; Francisco Ugarte; Cristián Figueroa; Alejandra Daroch