Firms To Watch: Banking and finance

Banking and finance in Chile

Arteaga Gorziglia & Cia Abogados

Particularly experienced in Chile’s energy and infrastructure sectors, Arteaga Gorziglia & Cia Abogados' project finance, restructuring and capital markets practice is led by infrastructure and energy project finance specialist Cristián Carpentier, a former director who was promoted to partner in January 2025.

Eyzaguirre y Cia

In September 2024, Eyzaguirre y Cia’s banking and finance offering was boosted through the hire of syndicated loan, debt restructuring and asset and finance specialist Cristián Eyzaguirre Fontaine (as department head) from Barros & Errázuriz.

NLD Abogados

Experienced in complex corporate transactions, NLD Abogados' eight-member banking and finance practice team is  co-led by managing partner Paulo Larrain, whose wide-ranging expertise covers project finance and capital markets; and José Pablo Dulanto, an adviser on banking and finance, natural resources, M&A and general commercial matters.

Barros & Errázuriz

The large banking and finance team at full-service firm Barros & Errázuriz is routinely mandated by borrowers and lenders to undertake a broad range of complex finance deals. The group has significant experience in energy and infrastructure project finance transactions, while other sector expertise includes telecoms, media, pharmaceuticals, retail, and food and beverages. ‘A great team with excellent perception and business acumen’, it also covers banking regulations, as well as banking institutions’ development of new financial services. Recent mandates include advising a consortium, comprising Almar Water Solutions and Transelec, on the approximately $1.5bn financing for a seawater transportation system project. The practice is co-led by longstanding project and corporate financing specialist Francisco De la Barra and structured finance expert Enrique Barros V. Also integral to the practice: Nicolás Balmaceda has over 25 years’ experience in banking and finance work; Bernardo Simian's broad expertise covers financing, M&A and capital markets; Javier Díaz is an adviser on financial and securities market regulation; and Luis Alberto Letelier, who is a highly-regarded capital markets practitioner. Up-and-coming younger partner, María Olga Rivera, a structured and corporate financing specialist, is also noted. From the firm’s vast associate ranks, seniors Nicole Ubal, Diego Ovalle, Jean Andre PetitJosé Miguel Poblete, Francisco Vial and Pedro Pablo Cruz are all experienced practitioners.

Praxisleiter:

Francisco de la Barra; Enrique Barros V


Referenzen

A great team with excellent perception and business acumen.

Solid commercial vision.

Kernmandanten

Aguas Esperanza


Transelec


Grupo Kaufmann


Ares Management


Banco de Crédito e Inversiones


Scotiabank Chile


Banco BTG Pactual Chile


Banco Internacional


Banco Itaú


Banco Bice


Empresas Iansa


Ameris Capital


Revolut Technologies Singapore


Highlight-Mandate


  • Advised a consortium, comprised of Almar Water Solutions and Transelec, on the approximately $1.5bn financing for a seawater transport system project.
  • Advised Andes Motor on an up-to $250m financing agreement with Banco Santander and Banco de Chile, in relation to a public tender for the provision of electric buses.
  • Advised Ares Management on the negotiation and restructuring of certain mezzanine credit agreements (for an amount of $280m).

Carey

Legal powerhouse Carey houses a 21-strong team that has extensive experience in advising creditors, investors and borrowers on a wide range of high-end banking and finance transactions. Typical work for the group ranges from bilateral or syndicated loans (secured and unsecured), project finance, structured product deals and derivatives, to liability management, securitisation, and public and private offerings and placements of capital and debt. The practice group also assists several commercial banks, development finance institutions and multilateral institutions with day-to-day issues. it’s recent mandates include acting for BNP Paribas and Crédit Agricole Corporate and Investment Bank (as lenders) on a financing for up to $289m, for the construction, development and maintenance of a battery energy storage system project. The practice is co-led by Diego Peralta, who assists both lenders and borrowers with structuring financial products and financings; Francisco Ugarte, whose wide-ranging practice includes cross-border banking and corporate finance deals; Salvador Valdés, a go-to adviser for several investment banks and asset managers; Francisco Ugarte, who acts for corporations and financial institutions on regulatory and financial matters; Felipe Moro, an expert in lending transactions, project financing, structured products, and derivatives; banking, lending and project finance specialist Fernando Noriega; and highly-regarded finance and development practitioner Alejandra Daroch. With a specialism in banking law and financial regulation, senior associate Diego Lasagna is also noted.

Praxisleiter:

Diego Peralta; Salvador Valdés; Francisco Ugarte; Felipe Moro; Fernando Noriega; Alejandra Daroch


Referenzen

Carey provided us an excelent team, they where efficient and extremely concerned about the whole process. Associate Diego Lasagna displayed an exceptional dedication to our project.

Kernmandanten

Pan American Silver


WOM


Codelco


Mainstream Renewable Power


UBS Investment Bank


Aguas Pacífico


Crédit Agricole Corporate and Investment Bank


International Finance Corporation


BNP Paribas


Citibank


Grenergy


DNB Bank


Celeo Redes


Mundo Pacífico


KfW IPEX-Bank


Highlight-Mandate


  • Advised Mainstream Renewable Power on the implementation of the financial restructuring of its portfolio of ten non-conventional renewable energy generation projects.
  • Advised Inter-American Investment Corporation, International Finance Corporation and Banco del Estado de Chile on long-term financings for up to $346m, which were granted to Suministradora de Buses K Cuatro.
  • Advised BNP Paribas and Crédit Agricole Corporate and Investment Bank, as lenders, on a financing for up to $289m, for the construction, development and maintenance of the BESS del Desierto project for the Atlas Renewable Energy Group.

Claro & Cia.

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.

Praxisleiter:

Rodrigo Ochagavía; José María Eyzaguirre B


Referenzen

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.

Kernmandanten

Latam Airlines Group


CAP


IDB Invest


AES Andes


Atlas Renewable Energy


Enfragen – Glenfarne


Transbank


Lunina


Celeo Redes


Grupo Gloria – Gloria Foods JORB


Highlight-Mandate


  • 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).

Garrigues Chile

The 18-member department at Garrigues Chile advises a genuinely impressive lender-side client roster on the full range of banking and financing work. Recent mandates include the acquisition of financial assets, project finance, restructuring and corporate lending. The Santiago office of the international legal and tax services firm also advises banks and financial institutions on regulatory matters. Highlights include advising SACYR Chile, as guarantor, on a €500m loan granted by Banco Santander, Caixabank and Société Générale to SACYR Spain for infrastructure and concessions projects. Practice head Pedro García Morales is particularly focused on corporate loans, debt restructuring, regulatory issues, and project and structured finance. Providing key support, Jaime de Larraechea‘s practice encompasses corporate loans, project financing and structured finance; and Antonio Morales‘ track record covers debt restructuring and project finance (both domestically and internationally). Principal associate Daniel Hernández Z, while more oriented towards capital markets’ work, is nevertheless responsible for the coordination of local and international financing transactions, as well as recurrent advice on regulatory matters and disclosure duties. In the senior associate group, Sebastián Nieme also assists with project finance and debt restructuring; Ignacio Vargas acts for lenders, borrowers and sponsors on asset acquisitions; and Maria Fernanda Jara is experienced in local and international bond issuances, and the regulation of banking and financial institutions. Jara also advises debtors and lenders on corporate finance, refinancing, restructurings, insolvency, and project finance.


Praxisleiter:

Pedro García


Kernmandanten

Banco de Chile


Banco Santander-Chile


BCI


Banco del Estado de Chile


Banco Itaú Chile


Scotiabank Chile


Banco BTG Pactual


Banco BICE


Banco Security


Banco Consorcio


Bank of America


Citi


BNP Paribas


Crédit Agricole Corporate and Investment Bank


Natixis, New York Branch


Banco Santander


BBVA, Chilean Representative Office


SMBC


MUFG


HSBC


Macquarie


ENAP


Grupo GTD


Nala Renewables


Langa


Deutsche Bank, New York Branch


Nomura Securities International


Société Générale


Cooperatieve Rabobank


BBVA Perú


Banco General


Banco Latinoamericano de Comercio Exterior


Banco de Crédito del Perú


Blackrock


Mizuho


China Development Bank, Hong Kong Branch


International Finance Corporation


Andean Telecom Partners


CAF – Banco de Desarrollo de América Latina y el Caribe


KfW


Empresa Nacional de Minería


Ameris


MBI


Highlight-Mandate


  • Advised SACYR Chile, as guarantor, on a €500m loan granted by Banco Santander, Caixabank and Société Générale to SACYR Spain for infrastructure and concessions projects.
  • Advised a lending syndicate of over 30 financial entities on a $995m facility to Aligned Data Centers in relation to its acquisition of ODATA, upsizing the existing facility to $2.25bn.
  • Advised the lending institutions on the refinancing of a loan for the ‚Big 3‘ portfolio (Quillagua, Víctor Jara and Gabriela Mistral), which will generate over 500MW, plus battery storage, (for an aggregate amount of over $1bn).

Morales & Besa

Able to handle the development of deals quickly and efficiently’, Morales & Besa is sought out by domestic and international banks and financial institutions, as well as major project developers, sponsors and companies, for high-end banking and finance transactions. On the project finance side, the nine-strong team has notable energy and infrastructure sector expertise. It also fields specialists in debt restructuring transactions, acquisition finance, syndicated loans, structured products, corporate loans, derivatives and structured finance. The practice additionally has extensive expertise in regulatory financial matters, including Chile’s Fintech regulations. Recent work for the group includes advising a syndicate of lenders - led by Banco de Crédito e Inversiones - on the financing for the construction and operation of four different hospitals in southern Chile; and acting for Chilean state-owned copper mining company, Codelco, on the €532m financing of the plan to decarbonise it's energy matrix by 2030. José Miguel Carvajal is a longstanding specialist in domestic and foreign loans, project finance, structured financing and bond offerings; and Myriam Barahona, who ‘has complete control over the operations she works on’, has a significant track record in banking and finance, project finance and restructuring. In the associate pool, José Manuel Meli routinely advises on banking and finance deals, including project finance transactions.

Praxisleiter:

José Miguel Carvajal; Myriam Barahona


Referenzen

‘The banking and finance team is always characterised by its organisational skills, approachability, reasonable prices, and market knowledge.’

‘Their advice in this regard is comprehensive, covering all necessary aspects.’

‘The team is able to handle the development of deals quickly and efficiently.’

Kernmandanten

Corporación Nacional del Cobre de Chile


Bank of America


DNB Bank ASA


Coöperatieve Rabobank


Ingevec


Cerro Dominador Inversiones


Cerro Dominador CSP


Banco Santander-Chile


Banco de Crédito e Inversiones


Global Infrastructure Partners


The Bank of Nova Scotia


Scotiabank Chile


Banco Security


Sociedad Concesionaria Hospital Coquimbo


Corporación Andina de Fomento


Credicorp


Tenpo Bank


Scotiabank Perú


Banco Santander Perú


Highlight-Mandate


  • Advised Corporación Nacional del Cobre de Chile (Codelco) on the €532m financing of the plan to decarbonise Codelco’s energy matrix by 2030.
  • Advised a syndicate of lenders, led by Banco de Crédito e Inversiones, on the financing of the construction and operation of a public hospitals concession.
  • Advised a syndicate of local and international financing institutions on approximately $73m funding for the acquisition of an automobile distribution business.

Philippi Prietocarrizosa Ferrero DU & Uría

Acting for foreign and local banks and financial institutions, as well as borrowers and sponsors, Philippi Prietocarrizosa Ferrero DU & Uría's banking, finance and capital markets team routinely acts on significant project finance transactions in the energy, mining and infrastructure sectors. The 10-strong team is also experienced in corporate finance deals, including cross border loans, aircraft financing, offshore bonds, share issuance and banking regulation. High-profile mandates include acting for Citibank on a $800m revolving credit facility to LATAM Airlines Group, which was secured by aircraft, engines and spare parts. The group’s key practitioners are Andrés Sanfuentes, an expert in banking, financial and infrastructure projects, as well as capital markets; Marcela Silva, whose practice encompasses banking and finance, project finance, infrastructure, capital markets, insolvency proceedings and insurance; Daniel Parodi, who advises national and foreign developers, debtors and financiers on project, aircraft and vessel financing; and Guillermo Vial, an adviser on banking, financial regulation, payment methods, fintech, finance, public infrastructure, projects and capital markets. The associate ranks showcase experienced banking and finance principal Pedro Pablo Valenzuela; and recently-promoted senior, asset and project financing specialist Juan Ignacio Rosales.

Praxisleiter:

Marcela Silva; Andrés Sanfuentes; Daniel Parodi


Kernmandanten

The Bank of Nova Scotia


DNB Bank ASA


MUFG Bank


BBVA


Scotiabank Chile


Credit Agricole Corporate & Investment Bank


Société Générale


Sumitomo Mitsui Banking Corporation


Natixis


Banco Santander


Banco BTG Pactual


Empresa de los Ferrocarriles del Estado


Highlight-Mandate


  • Advised the lenders on the financing for the development and construction of the Desarrollo Minera Centinela project.
  • Advised Citibank on a $800m revolving credit facility to LATAM Airlines Group (secured by aircraft, engines and spare parts).
  • Advised MUFG Bank on a $180m credit agreement.

Baker McKenzie Chile

A ‘standout choice in the banking and finance sector’, Baker McKenzie Chile's multidisciplinary team is mandated by commercial, merchant and investment banks, along with other financial institutions and corporate borrowers, on a vast array of deals. The six-member team has significant experience in project financing, corporate loans and refinancing, as well as acquisition finance, derivatives, securitisation and regulatory matters. The practice also comprises lawyers who regularly advise both borrowers and lenders on New York law-governed projects and corporate financings (alongside the firm’s New York lawyers). Highlights for the department include advising Standard Chartered Bank (Hong Kong), -as facility agent, general security agent and lender- on an $800m syndicated loan facility to Tianqui Lithium Australia Investments 1 Pty; and assisting Tesla with drafting and negotiating an innovative retail finance cooperation agreement. Leading the banking and finance practice group in Chile, Sebastián Vivanco specialises in banking regulatory issues, derivatives and project financing; while transactional expert Jaime Munro is experienced in corporate finance, capital markets and securitisation. The practice further includes Cristóbal Larrain, whose broad expertise encompasses banking and finance work; and senior associate José Ignacio Berner, who advises Chilean and international companies on banking and finance matters.

Praxisleiter:

Sebastián Vivanco; Jaime Munro


Referenzen

‘Baker McKenzie Chile is chosen due to its sector experience. Their in-depth knowledge, not only of various sectors but also the workings of public entities, facilitates the success of transactions.’

‘The firm’s lawyers are available at all times, and know how to answer any questions clients have clearly and concisely.’

‘Its very important to be able to trust local lawyers. And that trust is always strong with the lawyers at B&M Chile.’

Kernmandanten

Bank of China (Hong Kong)


Barclays Bank


BNP Paribas


Capstone Copper Corp


China Construction Bank (Asia) Corporation


China Development Bank


Credicorp Capital Asset Management


Administradora General de Fondos


EBANX China Development Bank


Exportadora Subsole


Grupo Security


Grupo Vía Central


ING Capital


KBC Bank


Standard Chartered Bank (Hong Kong)


Siemens Financial Services


Siemens Servicios Comerciales


Société Générale


The Bank of New York Mellon


The Hongkong and Shanghai Banking Corporation


Trafigura PTE


VG Mobility


Natixis


Bitazza


Nium


Payoneer


PagoNxt


PayPal


Tradition


Mercer


Highlight-Mandate


  • Assisted VGMobility Chile Flota with structuring an electric bus financing for the Santiago BRT system.
  • Advised Standard Chartered Bank (Hong Kong), -as facility agent, general security agent and lender- on an $800m syndicated loan facility for Tianqui Lithium Australia Investments 1 Pty.
  • Advised Tesla on drafting and negotiating a retail finance cooperation agreement.

Bofill Mir Abogados

Acting for banks, insurance companies, and real estate, energy and private equity sector corporations, Bofill Mir Abogados' large banking and finance team is widely respected for its project finance expertise, particularly in relation to syndicated and bilateral loans. ‘A firm where clients can always trust that the work will be done well’, the practice is also experienced in debt restructuring, refinancing and acquisition finance. Recent mandates for the group include assisting general funds administrator Neorentas with the negotiations and execution of a loan agreement with life insurance company Metlife Chile Seguros de Vida for the construction, development, and equipping of a shopping mall. With 30-plus years in banking and finance work, Octavio Bofill is ‘a lawyer with unique commercial skills’, who advises on multilateral corporate and project financings, his expertise including both refinancing and restructuring transactions; Ana María Yuri brings enviable expertise in projects and real estate to the firm’s project finance practice; and Rodrigo Saffirio assists both lenders and borrowers on a range of banking and finance transactions, including structured financing, projects, corporate loans, syndicated loan agreements, and restructurings. Raised to the partnership in early 2023, Feliciano Tomarelli handles banking and finance as part of his broader corporate practice. Former senior associate Paula Donoso moved in to the public sector at the CMF (Comisión para el Mercado Financiero) in October 2025.

Praxisleiter:

Octavio Bofill; Ana María Yuri; Rodrigo Saffirio; Feliciano Tomarelli


Referenzen

‘Bofill is a firm where clients can always trust that the work will be done well.’

‘They inspire a lot of confidence.’

‘Availability and quick responses are a general quality of the firm.’

Highlight-Mandate


  • Advised Neorentas on the negotiation and execution of a loan agreement with Metlife Chile Seguros de Vida for the construction, development, and equipping of a shopping mall known as Paseo San Pedro.
  • Advised Banco Itaú, Euroamerica Seguros de Vida and Penta Vida Compañía de Seguros de Vida on the structuring of a syndicated loan that was granted to Landbank.
  • Advised Inversiones Pacheco Paredes on a syndicated loan from Banco de Crédito e Inversiones and Scotiabank to restructure liabilities of the TMO Group for approximately $15.38m.

Cariola Díez Pérez-Cotapos

The 11-strong banking and finance team at Cariola Díez Pérez-Cotapos routinely acts for foreign and international banks and financial institutions, as well as Chilean banks and financial entities. The group also advises private and state-owned companies on a range of financing transactions. Representative expertise ranges from cross-border finance deals and structured finance transactions, to energy, mining and infrastructure project-related financings, and acquisition and corporate finance. Other specialist areas include secured financings for agriculture producers and fish farming operations, as well as derivatives and trade finance. Banks and financial institutions also turn to the practice for interactions with local regulators and approval processes. The team recently acted as special Chilean counsel to Enel Chile on a $200m non-secured credit facility entered into with Corporación Andina de Fomento. Senior partner Francisco Javier Illanes heads the financial, banking and capital markets department (in addition to the firm’s technology, privacy and media offering); Rodrigo Sepúlveda advises banks, financial institutions and companies on project finance, syndicated loans, and the issuance of debt and capital instruments; and Juan Antonio Parodi is experienced in domestic and cross-border financings, refinancings, syndicated loans, and infrastructure project financing. Key associate support is provided by experienced seniors Sergio Balharry and Teresita Fernández.

Praxisleiter:

Rodrigo Sepúlveda; Juan Antonio Parodi; Francisco Javier Illanes


Weitere Kernanwälte:

Alejandra Díaz


Kernmandanten

Empresa de los Ferrocarriles del Estado


Enel Americas


Enel Chile


Inter-American Investment Corporation


Inter-American Development Bank


Coöperatieve Rabobank


Natixis


Scotiabank Chile


Esmax Distribución


Banco Itaú Chile


BCI


The Bank of Nova Scotia


DNB Bank ASA


Highlight-Mandate


  • Acted as special Chilean counsel to Enel Chile on a $200m non-secured credit facility, entered into with Corporación Andina de Fomento.
  • Advised Inversiones Atral, as borrower and guarantor, and Laboratorio Sanderson, as guarantor, on a New York-governed credit agreement for up to $200m.
  • Advised DNB Bank ASA, Nordea Bank ABP, Filial I Norge, Coöperatieve Rabobank and Sparebank 1 SMN (as mandated lead arrangers), and DNB Bank ASA (as coordinator, facility agent and security agent) on a facilities agreement, granted to Aquaship Borrower.

Guerrero Olivos

A core practice for Guerrero Olivos, its sizeable banking and finance department is highly rated for large cross-border project and acquisition financings. The team also has significant experience in debt restructuring deals involving structured products and syndicated lending facilities; and in addition to domestic lending work, the group is experienced in New York law-governed deals involving underlying collateral or credit enhancements. The firm is additionally home to experts in banking regulatory issues, and regularly advises energy sector-related corporate borrowers. It recently advised global investment management firm PGIM, and investment management company Alter Domus (US), on the negotiation and execution of the Chilean aspects of a $395m financing agreement granted to Agrofresh Chile. Heading up the department, Miguel Coddou assists international lenders with syndicated loans, debt restructuring and project finance deals. Coddou also advises local banks on bilateral loans, while maintaining a robust borrower-side workload. Also integral to the team, Benjamín Novoa is experienced in syndicated loans and project financings involving the energy and mining sectors; while recent highlights for semi-senior associate Ignacio Chomalí include local and cross-border financings.

Praxisleiter:

Miguel Coddou; Benjamín Novoa


Referenzen

‚A deep bench of both experienced and younger partners, all of whom are extremely dynamic and responsive.‘

‚It’s the combination of partners‘ hands on involvwment, responsiveness and know-how that sets them apart.‘

Kernmandanten

International Finance Corporation


IDB Invest


PGIM


Alter Domus (US)


DNB Bank


Sumitomo Mitsui Banking Corporation


Rabobank


Banco BCI


Banco BICE


Banco Santander


Scotiabank


Banco Estado


Banco de Chile


Metlife Seguros de Vida


Aramco


Natixis


oEnergy


Cordada


Cordada Fondo de Inversión Privado Deuda


Garantizada


Credit Agricole Corporate & Investment Bank


BNP Paribas Securities Corp


Mizuho Bank


Banco Bice


Société Générale


Highlight-Mandate


  • Advised IDB Invest on the structuring of a $5.5bn financial facility that enabled the purchase of over 99% of the payment documents issued by the Energy Tariff Stabilization Fund.
  • Advised PGIM (as lender) and Alter Domus (US), as new lender, new administrative agent and new collateral agent, on the negotiation and execution of the Chilean aspects of a $395m financing agreement granted to Agrofresh Chile.
  • Advised Sumitomo Mitsui Banking Corporation on a $62m financing granted to Caja Los Andes to provide funds to finance social loan transactions granted by Caja Los Andes in Chile.

Larrain y Asociados Abogados

Larrain y Asociados Abogados' six-member banking and finance team is consistently mandated by banks, brokers and financial institutions and companies to structure syndicated loans. The practice is highly experienced in the financing of public infrastructure (including toll roads, airports and hospitals), energy, petrochemical and mining projects, as well as M&A and aircraft-related financings. Other notable areas are financings via the issuance of guaranteed and secured bonds, and advising foreign and local banks and bank agencies on ongoing issues, reorganisations, bankruptcies and liquidations. Recent highlights include corporate and bilateral loan agreements, and the modification and restructuring of previously-negotiated credits. The group also advised Banco de Chile and Banco del Estado de Chile on the approximately $100m syndicated financing for Red Aeroportuaria Austral Sociedad (a consortium comprising Cointer and Blackrock). The team is co-led by project financing specialist Patricio Montes and Diego Garay, a highly-regarded adviser for capital markets and project finance. The group further includes industrial project finance expert Jorge Granic; and Cristóbal Morandé and Joaquín Larrain, who are also both experienced in project finance. In the associate team, Michelle Inzunza focuses on banking and finance, along with public works concessions, project development, corporate law and real estate.

Praxisleiter:

Patricio Montes; Diego Garay


Referenzen

‘Good team of partners.’

‚Experience, commitment and efficiency, along with great treament, rapidity and a complete graspo of all relevant aspects.‘

Kernmandanten

Banco del Estado de Chile


Nordex Energy Chile


Minera Centinela


Banco Santander-Chile


Banco de Chile


Banco Security


Banco BTG Pactual


Banco Internacional


Penta Vida


Compañía de Seguros de Vida


Banco de Chile and Banco del Estado de Chile


Kiva Refugee Investment Fund


Banco Security


Banco del Estado de Chile and Banco Security


Sacyr Finco


Highlight-Mandate


  • Advised Banco de Chile and Banco del Estado de Chile on the structuring, negotiation and closing of a syndicated financing for Red Aeroportuaria Austral Sociedad Concesionaria for approximately $100m.
  • Acted as local counsel to Nordex Energy Chile, in relation to the amendment of a € 1.3bn-plus ESG-linked multi-currency guarantee facility agreement of its parent company.
  • Advised Sacyr Finco (controlled by Spanish group Sacyr) on a €75m financing.

CMS Carey & Allende

The eight-strong team at CMS Carey & Allende is experienced across the gamut of banking and finance work, including project finance transactions, banking regulatory compliance, debt structuring, loan transfers, and the issuance and placement of listed and private bonds. It also assists with a range of loans (particularly syndicated credits), and M&A-related financings. At partner level since April 2024, practice leader Enrique Vergara (who ‘demonstrates exceptional technical knowledge’), is an expert in syndicated loans, infrastructure and energy project finance, debt restructuring, credit transfers, corporate bonds and banking regulatory issues; Jorge Allende Destuet has notable expertise in advising hospitality, finance and natural resources sector clients; and Ramón Valdivieso specialises in banking and finance, along with capital markets, M&A and telecoms. Also noted, Carolina Veas heads up the firm's competition and fintech practices.

Praxisleiter:

Enrique Vergara


Referenzen

‘CMS legal team’s advice is outstanding.’

‘What distinguishes this practice is its combination of deep technical knowledge, strategic business vision, and exceptional ability to anticipate risks.’

‘The team stands out for its agility, commitment, and closeness to the client, delivering clear and timely solutions even in complex contexts.’

Kernmandanten

KKR


OnNet Fibra


Dreams


Sun International


Elecnor


Nevasa Administradora General de Fondos


AKA Bank


Nueva Inversiones Pacífico Sur


Banco Aliado


CB Investment


Hacienda Inmobiliaria


Pedidos Ya


Prex


Karun


QMC Telecom International Holding


Highlight-Mandate


  • Advised OnNet Fibra regarding financing for the acquisition of the right to operate the existing fibre optic network of Claro and VTR.
  • Assisted AKA Bank with a credit agreement for €1.8m, which was granted to Grupo Vivargo Chile.
  • Advised QMC Telecom in relation to collateral (including a pledge over shares), in order to secure a credit agreement for $50m, which was granted by Glass America-led syndicate lenders to Grupo Vivargo Chile.

Cuatrecasas

The Santiago-based banking and finance practice at Cuatrecasas specialises in a range of financing transactions, including those involving corporate entities, acquisitions, projects and real estate matters. ‘Known for its proactivity, sense of urgency and attention to clients’ needs’, the seven-strong group also handles the issuance of corporate and project bonds and fixed-income and structured products, as well as debt reorganisation and the refinancing of existing obligations. Macarena Ravinet is an expert in project financing, finance deals, capital markets and M&A; and Roberto Guerrero V's workload covers banking and finance, along with corporate law and M&A mandates. Key senior associate Federico Espinosa acts for national and international financial entities, sponsors, borrowers and developers on banking and finance issues; and working from the firm’s New York office, Alfonso Ugarte assists creditors and debtors with structured financing transactions, bankruptcy restructuring and distressed financing.

Praxisleiter:

Macarena Ravinet


Referenzen

‘Known for its proactivity, sense of urgency and attention to clients’ needs.’

Kernmandanten

Banco Santander-Chile


Banco BTG Pactual Chile


BTG Pactual Chile Administradora General de Fondos


Empresas CMPC


Andean Telecom Partners Group


Grupo Stracon


Actis GP


Cintac


Banco Itau Chile


Highlight-Mandate


  • Advised Intesa San Paolo, KfW IPEX, Natixis, Banco Santander, BBVA, CACIB, Allianz, Carlyle and Hanwha on a multi-source financing, comprising both a banking loan and a private placement to finance a water pumping system for Antofagasta Minerals.
  • Advising Inversiones CMPC on the financial restructuring of its debts.
  • Advised Edgeconnex Group on a refinancing operation signed with Natixis and Société Générale (as creditors), which involved the novation of credits and corporate restructuring of various entities of the Edgeconnex Group in Chile, Colombia and the Netherlands.

Dentons

Sought out by both financial entities and borrowers, Dentons' financing, banking and investment practice routinely advises on energy project finance transactions involving syndicated senior loans from foreign financial institutions. The team also assists with sustainability-linked financings. An expert in mining, energy, infrastructure and real estate financing, Felipe Rencoret Prieto advises domestic banks on financial regulations; and Luis Izquierdo acts for major banks on project, corporate and acquisition finance. Izquierdo also assists foreign funds with financings to Chilean companies. In the senior associate group, Ana Azócar's practice covers project, corporate and acquisition finance.

Praxisleiter:

Felipe Rencoret Prieto; Luis Izquierdo


Weitere Kernanwälte:

Camila Reyes


Kernmandanten

BNP Paribas


Chilquinta Energía


Elevate Export Finance Corp


Banco de Crédito de Inversiones


Inter-American Investment Corporation (BID Invest)


Banco Santander Chile


Banco BTG Pactual Chile


Credit Agricole CIB


Itau Corpbanca


International Finance Corporation


Banco Falabella


Scotiabank


Bank of America


Tanner Servicios Financieros


Cooperativa de Ahorro y Crédito Coopeuch


Kimura Master Fund


Banco Internacional


The Bank of Nova Scotia


Trade Finance Funding


Banque Nationale du Canada


Highlight-Mandate


  • Advised Banco de Crédito e Inversiones on a capital increase and the private placement of the preferential-rights‘ period’s residual shares in the US market with qualified institutional buyers.
  • Advising Coopeuch on regulatory issues regarding the innovations included in the Resilience of the Financial System Law concerning credit unions.
  • Advised Chilquinta Energía on a corporate financing that was granted by the China Development Bank.

DLA Piper Chile

The banking and finance practice at DLA Piper Chile encompasses acquisition, leveraged, asset and project finance, particularly in relation to infrastructure and industrial projects. The eight-strong team’s experience also covers secured and unsecured bilateral and syndicated loans, structured finance, and general bank and interbank lending. It further fields experts in the refinancing and restructuring of existing loans and debtor-in-possession financings. The group is additionally mandated for fintech matters, such as payments, investments, personal finance, P2P lending and cryptocurrencies. In addition to co-heading the compliance and white-collar offering in Chile, Mauricio Halpern leads the banking and finance team. At senior associate level, Eduardo Araya advises on corporate finance, project financing and bond issues; and Vicente Vergara assists companies with corporate and project finance, as well as lending transactions and structured products.

Praxisleiter:

Mauricio Halpern


Kernmandanten

Summit Ridge Capital Partners


HSBC


JPMorgan Chase Bank


Goldman Sachs


Banco Votorantim


Almar Water Servicios LATAM


Highlight-Mandate


  • Advised Summit Ridge Capital Partners, as lender, on a $20.1m loan agreement with Vecchiola for its general corporate purposes.
  • Advised JPMorgan Chase Bank, as an administrative agent, on the amendment of an existing super senior revolving credit facility with LATAM Airlines Group.
  • Advised Banco Votorantim on its role as guarantor of Sigdo Koppers’ Brazilian subsidiary obligations for up to $10m.

Prieto Abogados

Recent mandates for Prieto Abogados' banking and finance group range from energy sector loans, private debt transaction structuring and infrastructure project financing to automobile, real estate and retail industry-related finance deals. In the fintech sector, the practice routinely assists with implementing internal systems to ensure compliance with regulatory frameworks. Mario Gorziglia C is an infrastructure, mining and energy project financing specialist, who is experienced in syndicated loans, secured debts and revolving credit facilities; Isabel Wolleter E leads the firm’s capital markets department; and counsel Isabel Monge P advises lenders and borrowers on syndicated loans, project finance, secured debt, security package placements, revolving facility agreements, and international debt placements. The associates to note are senior Aníbal Larrain and Alessandro Bizzarri Heiremans.

Praxisleiter:

Mario Gorziglia C; Isabel Monge P


Kernmandanten

Empresa Constructora Bonatti – SK


BNP Paribas


MUFG Bank


Société Generale


Natixis


ING Capital


China Development Bank


Export Finance Australia


Federated Hermes


Partners for Growth


Automotores Gildemeister


Sociedad Concesionaria Vespucio Norte Express


Scotiabank Chile


Banco de Crédito e Inversiones


Banco Security


Moneda Administradora General de Fondos


Highlight-Mandate


  • Advised Chilean-Italian consortium Empresa Constructora Bonatti – SK on a senior project financing of approximately $1.5bn, which was granted by a syndicate of over 25 local and international banks and financial institutions for a seawater conveyance system.
  • Advised China development Bank on four loans of $138m, $35m, $60m and $38m to Compañía General De Electricidad, Chilquinta Energía and CGE Transmisión.
  • Advising a syndicate of lenders on their provision of a $571.6m secured project finance debt facility for Mantoverde, which is developing a copper sulphide project in northern Chile.

Ried Fabres

The banking and finance team at Ried Fabres is experienced in loan and project finance transactions, as well as international and local bonds, banking regulatory-related reports, and derivatives trading. The group also fields specialists in establishing finance structures, debt restructuring, securities issuances, public offerings and securitisation. The 11-member group showcases Cristián Fabres, whose track record includes over 60 securitisations; longstanding banking and finance and capital markets expert José Miguel Ried; Ricardo Abogabir, who focuses on finance deals, bond offerings, fund managers, regulatory matters, and local and international derivatives; and Jaime Hirschberg, an adviser on financings, bonds and private companies’ IPOs. In the associate ranks, seniors María Paz Navarrete and Ariadna Beroiz, along with Magdalena Varas, round out the team.

Praxisleiter:

Cristián Fabres; Ricardo Abogabir; Jaime Hirschberg


Kernmandanten

BCI Group


BICE Group


Banco Itaú


Banco BTG


Zurich Group


Itaú Group


Empresa de Transporte de Pasajeros Metro


Banco Santander


Credicorp Capital


Larraín Vial Activos


Taurus


Ameris Capital


Consorcio


Falcom Capital


Venturance


Larraín Vial Asset Management


Compass Administradora General de Fondos


Caja La Araucana


Invinsa Administradora de Fondos


Alza Administradora General de Fondos


Scotiabank


Principal Administradora General de Fondos


Highlight-Mandate


  • Advised Banco de Crédito e Inversiones on its first issuance of perpetual bonds for a total amount of $1bn.
  • Assisted Larrainvial Activos Administradora General de Fondos with reviewing the documents for the financing of a $375m-plus energy project of Fondo de Inversión El Espino (Pucobre).
  • Advised Larrainvial Activos Administradora General de Fondos on several automotive financings with Tucar, Kavak, Awto and Global (among others).

Urenda, Rencoret, Orrego y Dörr

Urenda, Rencoret, Orrego y Dörr's banking and finance practice covers debt transactions, securities, derivatives, equity offerings, structured finance, securitisations and regulatory work. The 10-member department, which is particularly active in mining and energy project financings, routinely leverages the expertise of the firm’s corporate, M&A, capital markets and mining practices. The principal figures are debt transaction and offering specialist Felipe Rencoret Portales; and Nicholas Mocarquer, whose practice encompasses debt deals, securities, equity offerings and structured finance. Other key practitioners are longstanding banking and finance expert Sergio Orrego and finance specialist Rafael Rencoret.

Praxisleiter:

Felipe Rencoret Portales; Nicholas Mocarquer


Referenzen

‚Urenda, Rencoret, Orrego y Dörr stand out for their exceptional commitment to delivering tailored legal solutions, leveraging a unique combination of deep sector knowledge and a client-focused mindset that consistently yields outstanding results in complex legal matters. Their innovative approach—including flexible billing structures, a strong emphasis on diversity, and advanced legal technology—distinguishes them from other firms, ensuring clients receive not only expert guidance but also a collaborative and efficient service experience that meets the dynamic demands of today’s market.‘

‚Felipe Rencoret Portales truly stands out as a remarkable legal mind, distinguished by his exceptional analytical skills and in-depth understanding of complex regulatory frameworks. His ability to translate intricate legal concepts into practical, actionable strategies sets him apart from competitors, ensuring clients navigate challenges with confidence and clarity. I have particularly valued Felipe’s unwavering commitment to building strong client relationships, marked by his responsiveness and personalised attention to each matter. His leadership and collaborative spirit inspire the entire team, fostering a culture of innovation and excellence that enhances client service and drives successful outcomes.‘

Kernmandanten

BHP


Minera Escondida


Minera Spence


Royal Gold


GE Capital Aviation Services


Grupo Marina


Tánica


High Ridge Aviation


Echeverría, Izquierdo


Agrofresh


Aceros AZA


Highlight-Mandate


  • Advised Minera Escondida on the amendment and restatement of a $600m syndicated loan agreement.
  • Advised AgroFresh on two amendments to a syndicated credit agreement and the granting of Chilean guarantees to the collateral agent.
  • Advised Minera Escondida on a two-tranche $150m loan agreement with Export Development Canada.

A/C/R Legal

A/C/R Legal was launched in April 2024 by former CMS Carey & Allende partners: banking and finance practice head and energy, infrastructure and agribusiness project finance specialist Fernando De Cárcer; venture capital financing expert Diego Rodriguez; and Sebastián Barros, who is experienced in energy, infrastructure and natural resources sector-related financings. The wider team has extensive experience in both domestic and cross-border transactions, including in relation to the private equity, technology, energy, mining, agriculture, and oil and gas sectors. Nicolas Valenzuela Purcell and Tomás Barros are the associates to note.

Praxisleiter:

Fernando de Carcer


Kernmandanten

Cargo Produce


Nevasa Administradora General de Fondos


Verano Power


BuyDepa


Reuse


Enlight


Highlight-Mandate


  • Advised on the design and structure of a trade finance platform for export invoices.
  • Advised the Enlight group on a cross-border transaction involving the acquisition of the debt held by SPS La Huayca with multilateral entities IFC and DEG, which was structured through a project finance scheme and the subsequent acquisition of SPS La Huayca’s 30MW PV generation assets.
  • Advised Verano Power on a financing under NY law.

Alessandri & Compañía Abogados

Notably active on behalf of manufacturing, financial, retail and energy clients, Alessandri & Compañía Abogados' banking and finance group also assists domestic and foreign banks (including multilateral lenders) that lend to Chilean companies. Representative expertise for the seven-member team ranges from loan agreements, to syndicated loans, collateral documents, credit securities and fintech services. The group is led by Fernando Jamarne, whose specialisms include banking law and corporate finance; while José Antonio Cuadra assists multilateral entities with structuring and granting corporate loans to domestic entities. In the associate pool, Vicente Guíñez's experience covers syndicated loans and other financing work.

Praxisleiter:

Fernando Jamarne


Kernmandanten

Inter-American Investment Corporation


Enel X


Banco Santander


Ripple


Rentokil Initial


International Finance Corporation


Highlight-Mandate


  • Advised Inter-American Investment Corporation on its $10m loan to Servicios Financieros Progreso, in support of financing operations in Chile through non-bank financial intermediaries.
  • Advised Enel X on a non-recourse loan for a transportation service provider, in relation to the acquisition (through leasing) of a fleet of electric buses.
  • Trained Banco Santander’s Fiscal Office on Chile’s fintech law.

Fischer y Cía

Fischer y Cía‘s 11-strong banking and finance team routinely advises on the financing side to business and asset acquisitions. Its transactional experience encompasses mergers, divisions and reorganisations, along with private and corporate financing, debt restructuring, financial guarantees and capital markets. The group also covers deals involving insurance and banking regulators. The team is co-led by project finance, securities, insurance and banking expert Gerardo Cruzat, a regular adviser on international transactions, who ‘serves clients quickly and efficiently’; and managing partner and capital markets, financing and derivatives specialist Cristóbal Herrera, who also leads the firm’s general corporate practice. Associate Catalina Wastavino completes the group.

Praxisleiter:

Cristóbal Herrera; Gerardo Cruzat


Referenzen

‘The team has two essential characteristics. The first is the breadth of topics they can address – tax, legal, labour, etc. The second is the agility with which they support and guide clients towards resolving situations that arise.’

‘They fully support clients no matter how basic the issue – they have clients’ backs.’

‘Gerardo Cruzat reflects the team’s qualities in his work. He serves clients quickly and efficiently.’

Fontaine & Cía

Particularly experienced in real estate projects, Fontaine & Cía's niche three-member team comprises specialists in project financing and syndicated loans, as well as the restructuring of liabilities and alternative means of raising capital. The finance and capital markets practice is led by founding partner Juan Eduardo Troncoso, a regular adviser to life insurance companies, institutional investors and family offices. Providing notable support, Montserrat Valverde is an expert in the development of residential, office, industrial and commercial real estate projects; and senior associate Ignacio Holmberg's practice covers real estate financing and advising insurance companies and institutional investors on finance structuring.

Praxisleiter:

Juan Eduardo Troncoso


Kernmandanten

Compañía de Seguros Confuturo


Metlife Chile Seguros de Vida


Zurich Compañía de Seguros de Vida


Principal Compañía de Seguros de Vida Chile


Chilena Consolidada Seguros de Vida


Hispano Chilena de Inversiones


BTG Pactual Compañía de Seguros de Vida


Penta Vida Compañía de Seguros de Vida


Excel Capital


Activa Fondo de Inversión Inmobiliaria


Highlight-Mandate


  • Advised Zurich on the sale to Ohio National Seguros de Vida (Constellation Insurance) of the life annuity portfolio of Zurich Chile Seguros de Vida.
  • Advised MetLife Chile Seguros de Vida on the refinancing of a loan granted to Mall Paseo San Bernardo.
  • Advised Metlife on a financing transaction with Inmobiliaria Barrio Italia (Credicorp), in relation to the acquisition of Edificio Urbano Bustamante.

HD Legal

HD Legal acts for creditors, investors and debtors on a range of banking and financial transactions. Examples include collateralised and uncollateralised bilateral and syndicated loans, as well as debt restructuring, derivatives acquisition and project finance. ‘Distinguished by its experience and knowledge’, the practice also advises on asset management, restructurings, refinancings, liquidations and bankruptcies. Leading the four-member team, Matías Langevin is an expert in international transactions, including project finance and capital markets deals. The team further includes Juan Ignacio Peña, who specialises in real estate, construction and project financing; and at associate level, Fernanda Aillach , who is experienced in fintech matters - particularly crypto asset exchanges, digital lending, payments, open banking, alternative trading systems, and CFD (contracts for difference) platforms.

Praxisleiter:

Matías Langevin


Referenzen

‘The HD team is distinguished by its experience and knowledge.’

‘Their efficiency and speed in analysing enquiries are above the average of other law firms, and their constant updating is noteworthy.’

‘Great commitment and professionalism from Matías Langevin.’

Kernmandanten

Khipu


Jeeves


Open Trading Group


Kredito


Los Andes Tarjetas De Prepago


Caja De Compensación De Asignación Familiar Los Andes


Xtble


Ripio


Bloomberg


Simpli


AFP Uno


Synaptic


Highlight-Mandate


  • Assisted Khipu with the negotiation of agreements with Chilean banks, in order to implement fintech services for open banking and payment services in Chile.
  • Assisted Jeeves and its Chilean subsidiary, Jeeves Chile, with structuring several growth lending and working capital loans to Chilean businesses.
  • Assisted Open Trading Group’s agency with its registration process as a financial instruments’ intermediary and custody service provider.

Jara Del Favero Abogados

The six-member team at Jara Del Favero Abogados assists both national and international clients with the financing of large-scale projects, including mining developments, airports, highways and hospitals, as well as non-metallic mining, energy, electrical transmission and real estate projects. Finance clients also benefit from the firm’s expertise in environmental issues, labour matters, tax law, compliance and antitrust. The practice is co-led by longstanding financing, project finance and securities specialist Felipe Ovalle and capital markets expert Christian Schiessler. The team further includes senior associate Felipe Davanzo, who advises on corporate and commercial law, in addition to project finance.

Praxisleiter:

Felipe Ovalle; Christian Schiessler


Referenzen

‚They develop a very close relationship with the client, understanding their internal proceses and requirements in detail.‘

Kernmandanten

Minera Centinela


Eductrade Concesiones


Highlight-Mandate


  • Advising Minera Centinela on the structuring, negotiation and granting of finance documentation.
  • Advised Eductrade Concesiones on the financing of a loan granted by COFIDES and FIEX.
  • Advised Minera Centinela on the negotiation of the release of funds for the Nueva Centinela Project.

Ontier Chile

Ontier Chile's 10-strong banking and finance department advises on facilities agreements, project finance, structured loans, revolving agreements, and debt and equity issuances. Other key areas are factoring, security packages, derivatives, and designing corporate and financial structures. The group is co-led by managing partner Javier Edwards, whose track record in financial transactions ranges from plain vanilla loans to project and structured loans; and Eduardo Andaur, who was promoted to partner in July 2024, and is particularly focused on real estate, private debt, infrastructure and private equity. In the associate team, senior Ainhoa Yeregui is admitted to practice law in Spain and Chile, while June 2024 recruit Raúl Aranda is increasingly involved in financial sector matters.

Praxisleiter:

Javier Edwards; Eduardo Andaur


Kernmandanten

Frontal Trust Desarrollo Inmobiliario Alto La Dehesa Fondo de Inversión


Frontal Trust Financiamiento Hipotecario con Subsidio Habitacional Fondo de Inversión


Frontal Trust Mercado Pago Créditos Fondo de Inversión


Frontal Trust Deuda Privada con Garantías


Inmobiliarias Fondo de Inversión


Frontal Trust Financiamiento Galgo Fondo


de Inversión Yes


Frontal Trust Desarrollos Industriales I


Fondo de Inversión


Frontal Trust Fundamenta Desarrollo


Inmobiliario XX Fondo de Inversión


BBVA


Inmobiliaria Fundamenta


Cordada Fondo de Inversión Privado Deuda Garantizada


BCI


Banco Estado


Banco Internacional


Frontal Trust Desarrollo Inmobiliario Industrial San Bernardo Fondo de Inversión


Toesca Asset Management


Frontal Trust Deuda Privada Mixta Fondo de Inversión


Grupo Independencia


Bicentenario Capital


Highlight-Mandate


  • Assisted Frontal Trust with implementing a corporate and financial structure for Frontal Trust Desarrollo Inmobiliario Alto La Dehesa Fondo de Inversión Privado, in relation to the investment required to develop a $100m real estate project.
  • Assisted BCI and Banco Estado with the modification of a syndicated loan agreement, which was granted to Territoria Apoquindo for a large real estate project.
  • Assisted Frontal Trust with designing the corporate and financing structure for an investment fund that aims to invest in mortgage-backed subsidised housing loans.