
With industry expertise in the investment, real estate and fintech sectors, HD Legal‘s seven-strong capital markets practice covers a wide array of deals, including corporate and securitised bonds, along with commercial papers, fund units and general securities work. The wide-ranging experience of firm founder and managing partner Sebastián Delpiano encompasses debt and equity issuances, IPOs and securities brokerages; and director Carlos Frias is a banking, financial and securities market law expert. Also at director level, Nicolás Garcia assists with the issuance of debt securities that are publicly offered in Chile, and Carolina Philipps advises on matters concerning investments by Chilean pension funds. Other key names in the associate team are Ignacio Ruiz-Tagle, who assists with securities market-related mandates; and Gabriela Rojas (currently studying for an LLM at the London School of Economics). In October 2024, corporate real estate and capital markets lawyer Valentina Palma joined the firm from Albagli Zaliasnik.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘HD Legal has a great professional and human team that is deeply committed to its clients.’
- ‘Within the firm, they have various practice areas, which distinguish them by providing a more comprehensive service to their clients.’
- ‘With in-depth knowledge of the industry and their clients, they manage to generate interactions with clients that improve the final outcome of their work.’
- ‘The team has a very good mix of professionals. The firm is not only made up of lawyers, but also other types of professionals, who support the work done by the lawyers.’
- ‘Great experience in the sector.’
- ‘A firm that understands clients’ business.’
Key clients
- Servicios Financieros Altis
- Altis Financial Services
- Ameris Capital Administradora General de Fondos
- Quest Administradora General de Fondos
- FYNSA Administradora General de Fondos
- Vantrust Capital Administradora General de Fondos
- HMC Administradora General de Fondos
- NVS Administradora General de Fondos
- Santander Asset Management Administradora General de Fondos
- Vantrust Capital Corredores de Bolsa
- Nevasa Corredores de Bolsa
- UBS Agencia de Valores Chile
Work highlights
Advised Altis on the sale of Altis Administradora General de Fondos, which also included the transfer of all the funds (public and private) managed by Altis to another fund manager.
Advised HMC Administradora General de Fondos on the structuring of several investment funds.
Advised Ameris Capital Administradora General de Fondos on the transfer and substitution of the administrator of eight redeemable investment funds and a mutual fund.
Lawyers
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
Sebastián Delpiano

