The 16-strong capital markets department at full-service firm Claro & Cia. handles high-end deals across various sectors, including energy, infrastructure, mining, retail and financial services. With ‘in-depth knowledge of every subject and impeccable delivery’, the team covers the gamut of capital market transactions, including IPOs, secondary offerings, debt issuances, and exchange offers. Major recent highlights include acting as the primary adviser to LATAM Airlines on its headline $456m return to the New York Stock Exchange through a secondary offering of American Depositary Shares. It also acted for Chilean chemical company SQM on its $850m notes issuance. The practice is co-led by Rodrigo Ochagavía, whose recent experience includes large-value bond financings; and José Luis Ambrosy, a regular adviser on project bonds. Other names to note are: Felipe Larraín, whose experience encompasses public transactions involving tender offers, equity offerings, securities laws and corporate governance issues; capital increase and tender offer specialist Luisa Núñez; banking and capital markets regulation practitioner Juan José León; and cross-border transaction expert José María Eyzaguirre F, whose ’advice is outstanding’. Beyond the partnership, counsel Cristián Lagos advises companies and financial institutions on capital markets offerings; while in the firm’s associate pool, equity deal lawyer Nicolás Aspillaga and María Jesús Argandoña, who acts on bond issuances, complete the group.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • ‘This team is exceptional, with in-depth knowledge of every subject and impeccable delivery. They are professionals, strategists, and great lawyers.’

  • ‘They have no competition in the Chilean market, and in every transaction, they are simply the best and the ones who lead the way.’

  • ‘They cover every angle and every aspect of every matter.’

  • ‘José María Eyzaguirre F has vast knowledge and his advice is outstanding.’

Key clients

  • Latam Airlines Group
  • Santa Rita
  • Banco del Estado de Chile
  • Sociedad Química y Minera de Chile
  • Grupo Marina
  • Molibdenos y Metales
  • Itaú Unibanco
  • Parque Arauco
  • Gloria Foods

Work highlights

Advised LATAM Airlines on its return to the NYSE and a $456m secondary offering of American Depositary Shares.
Assisted Sociedad Química y Minera de Chile in connection with a notes offering for $850m.
Advised Peruvian mining company Volcan Compañía Minera on an exchange offer worth $365m, the deal also including the refinancing of a $400m credit facility.

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.

Practice head

Rodrigo Ochagavía; José Luis Ambrosy