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Santiago de Chile

Carey - Santiago de Chile
  • Isidora Goyenechea 2800
  • Piso 43
  • Las Condes
  • Santiago de Chile
  • Santiago
  • Chile
  • 755-0647
  • Senior Partner: Jorge Carey
  • Managing Partner: Jaime Carey
  • Number of partners worldwide: 26
  • Number of other lawyers worldwide: 160

THE FIRM: Carey is Chile’s largest full-service law firm. The firm various corporate, litigation and regulatory groups include highly specialised attorneys and practice areas covering all areas of law. The firm clients include some of the world’s largest multinationals, international organisations, and some of the most important local companies and institutions. In 2012, Carey was selected as Latin American Law Firm of the Year by Chambers Latin America. The firm is member of the Pacific Rim Advisory Council, World Services Group, Terralex, The Interlex Group, Talklaw and Bectella.

Antitrust, Competition & Economic Regulation:
Carey’s Antitrust and Regulated Markets Group covers all areas of antitrust law and regulatory matters, including litigation before the Antitrust Court (TDLC), Civil Courts, the Supreme Court, as well as advisory in investigations by the National Economic Prosecutor (FNE) and negotiation of agreements with this agency. Also, Carey has a proven track record in securing the clearance of complex mergers, acquisitions and joint ventures before the TDLC.

Banking & Finance: The firm has a long tradition advising Chilean and foreign lenders, investors and borrowers in banking and financial transactions of every kind. Examples of these transactions include secured and unsecured syndicated or bilateral loan facilities; debt restructurings (both from private entities and from the Chilean government); public and private offerings and placements; equity and debt securities; securitisations; project financing; structured products; and derivative transactions.

Corporate Law, Mergers, Acquisitions & Private Equity: Carey is a leader in the area of structuring mergers and acquisitions, according to important publications in this area. The firm provides commercial and corporate advice to both medium and family companies, as well as to open corporations and foreign and local investment funds in all kind of transactions, from local mergers and acquisitions to complex restructurings and global or regional transactions, including private equity deals and takeovers through public offerings. The firm also advises local and foreign clients on issues of corporate governance, compliance, joint ventures and strategic alliances between controlling and minority shareholders, among others.

Energy: Carey has worked in the development, implementation, financing and refinancing, and construction of some of the major energy, and oil and gas projects in the country (including coal, natural gas, hydropower, LNG projects and non-conventional renewable energy). Additionally, the firm has advised several clients, either generators or industrial consumers in the negotiation of Chile’s major PPAs and supply agreements, and also renders service in regulatory matters, corporate, M&A and joint ventures.

Environmental: Carey advises clients in all areas of environmental law, including regulatory compliance, due diligence, audits, evaluation processes and consulting on environmental liabilities, litigation, environmental financial product transactions and all aspects of the Environmental Impact Assessment System. It also has extensive experience in consulting for compliance with international standards in project finance, relationship and negotiation with communities and Convention 169.

Insurance: Carey’s insurance practice has a long tradition of representing leading Chilean and international insurers, reinsurers, financial institutions, brokers and insured businesses, on regulatory, corporate, contractual, transactional and dispute resolution matters. The firm has assisted some insurance companies, insurance brokers and reinsurance companies since their entry into the Chilean insurance market, and has continued to provide advice to them and other clients on their relation with the Chilean insurance regulator. It provides advice to companies in different industry sectors on dispute resolution matters and settlements with insurance companies.

Intellectual Property & IT: Carey is the market leader in intellectual property matters in Chile, with responsibility for more than 5,000 patents and 27,000 trademarks. The firm draws on experience to assist clients with issues related to the prosecution and litigation of patents and trademarks, regulatory matters, copyright, licensing, and anti-counterfeiting. It understands that the most important concern of the clients is often the protection of their intangible assets, a task that it fulfills proactively by always looking for the best possible results.

Litigation & Arbitration: Carey’s Litigation and Arbitration group has earned a national reputation for excellence in complex high-stakes, highprofile business disputes. The practice also includes national and international arbitration cases under the auspices of the ICSID and the International Chamber of Commerce, as well as under the UNCITRAL Rules.

Mining: Carey regularly advises junior, medium and senior mining companies of any sort of metallic minerals (copper, molybdenum, silver, gold, and others) or non-metallic minerals (nitrates, among others) developed in Chile, several of which have started as greenfield investments.

Tax Law: The firm’s Tax Group has positioned itself as one of the main and most recognised tax practices in Chile. It is formed by an interdisciplinary group of lawyers and certified accountants with experience both in Chile and abroad. It is constantly involved in the structuring of the major and most complex, national and international transactions, tax litigation, tax planning and tax due diligence processes.

Telecoms & Media: The firm’s experience in regulatory matters includes procedures to obtain concessions, licenses and permits for any type of telecommunications service and their modifications. This includes fixed, mobile and satellite telephony, data transmission, WiMax, VoIP, trunking, radio communications, long distance, LMDS, open and cable television, broadcasting, Internet, etc.


  • Isidora Goyenechea 2800,
  • Piso 43,
  • Las Condes,
  • Santiago,
  • Chile
  • 755-0647
  • Tel +56 22 928 2200
  • Fax +56 22 928 2228
  • Email : carey@carey.cl
  • Website : www.carey.cl

Banking & Finance - Chile

Basic facts about the department
- 5 partners
- 18 other qualified lawyers

What the team is known for Widely seen as a leader in the Chilean financing sphere. Regularly retained by an impressive roster of local and international lenders, borrowers and underwriters in connection with a full range of financial needs, from capital markets to project and acquisition finance. Well equipped to support the firm's services in due diligence, regulatory matters and tax.

Strengths (Quotes mainly from clients)

"Carey provides extraordinary client service - they really take the time to understand the background to your business."

"As a full-service firm, they were able to thoroughly analyse all areas which were sensitive to the lenders, such as related environmental and mining matters."  

Work highlights Assisted fish farmer Cermaq and its subsidiaries in Norway, Chile and Canada with the refinancing of its outstanding debt through two credit lines for USD375 million and NOK750 million, granted by Danske Bank, DNB Bank, Handelsbanken and Rabobank.

Notable practitioners  

Clients point out that working with veteran financing expert Diego Peralta is "always an excellent experience." He recently led a team assisting Banco de Crédito e Inversiones (BCI) in executing two credit facility agreements with Grupo Security, totalling USD280 million.

Salvador Valdés combines recognised corporate, capital markets and banking know-how to provide comprehensive assistance with his clients' transactional needs. "He's an outstanding legal adviser and has a solid level of expertise in business matters, especially those relating to finance and stock markets," say interviewees.

Felipe Moro is "incredibly thorough in his analysis and very helpful in reaching solutions that protect the interests of the lender yet appeal to the borrower," enthuse clients.

Long-standing banking and finance specialist Juan Guillermo Levine earns client praise for his "great experience and knowledge of the financial sector." They add: "His advice goes beyond the legal considerations to include related strategy and business factors."

Significant clients JPMorgan, Codelco, Citi, Deutsche Bank, Banco de Chile.

Capital Markets - Chile

Basic facts about the department
- 6 partners
- 12 associates

What the team is known for One of the leading names in the Chilean capital markets sphere. Regularly advises local and international issuers and underwriters on a wide range of sector services such as IPOs, bond and share offers and securitisations.

Strengths (Quotes mainly from clients)
"They understand that we need precise answers at short notice and they deliver them. We trust the quality and consistency of their work - they know what we need and they make it happen in an efficient manner." 

Work highlights Counsel to Banco de Chile for three bond issuances and placements in Switzerland.

Notable practitioners  

Salvador Valdés was one of the partners leading the team advising Farmacias Ahumada on its public offering of shares. Sources note his visibility in the market and say: "He stands out."

The widely respected Diego Peralta is seen by sources as an expert in this space. He combines his renowned finance experience with his capital markets know-how and recently led the team advising Banco de Chile in a bond issuance in Switzerland. 

Clients are effusive in their praise for Francisco Ugarte, noting his "great legal and commercial negotiating skills, as well as his exceptional client care - he is in every single detail."

Significant clients International Swaps & Derivatives Association, Goldman Sachs, Codelco, J.P. Morgan Securities, Citigroup Global Markets.

Competition/Antitrust - Chile

Basic facts about the department
- 2 partners
- 9 other qualified lawyers

What the team is known for One of the leading practice groups in Chilean competition matters with frequent involvement in high-profile cases. Sizeable team assists local and multinational clients in diverse sector matters such as litigation and non-contentious proceedings, compliance programmes, merger control strategy and investigations by the FNE (Chile's national economic prosecutor). Clients benefit from the firm's strong expertise in regulated markets such as TMT.

Strengths (Quotes mainly from clients)
"Quick turnaround was often required and they always delivered great quality. The lawyers there have a remarkable expertise and combine it with a client-oriented style."

"I felt that, throughout the entire process, our case was critical for them. They were very committed to achieve a favourable outcome for us."

Work highlights Successfully represented Hoffmann-La Roche before the Chilean Antitrust Court (TDLC) and, ultimately, the Supreme Court in a lawsuit brought by a competitor alleging exclusionary conducts.

Notable practitioners  

Practice co-head Lorena Pavic is lauded by clients and peers alike for her "straightforward style, expertise in all competition issues and in-depth approach in the face of problems."  

Claudio Lizana, who co-leads the department, is highlighted by market sources for his ability to devise strategies and "lead complex negotiation and trials." 

Significant clients Empresa Nacional del Petróleo, CTI (Electrolux), Hoffmann-La Roche, Nextel, Philip Morris.

Corporate/M&A - Chile

Basic facts about the department
- 9 partners
- 23 other qualified lawyers

What the team is known for Leading practice with the support of the firm's tax, antitrust and litigation departments. Regularly retained by domestic and international clients to handle corporate matters, M&A and private equity.

Strengths (Quotes mainly from clients)

"We use many firms around the world and Carey competes with the best. Its lawyers have remarkable expertise in their respective areas of practice, and combine this with excellent client service and business understanding."

Work highlights Represented BBVA in the sale of its pension fund assets in Colombia, Mexico, Chile, Peru and Ecuador to Metlife in a deal worth more than USD1.5 billion.

Notable practitioners  

Clients are full of praise for corporate and finance expert Salvador Valdés, with one saying: "Salvador is one of the best lawyers that I have worked with - he has a lot of business savvy and is well respected by lawyers on the other side of the table."

Experienced corporate lawyer Pablo Iacobelli comes highly recommended as "not only a strong technical lawyer, but a trusted counsel."

According to clients, Francisco Ugarte "can handle the most complex legal challenges and structure innovative transactions and solutions to help us achieve our goals." 

Marcos Ríos is recommended for his "total availability and prompt counsel."

Celebrated antitrust attorney Claudio Lizana stands out for his "very practical advice - he really understands our business objectives and concerns," enthuse clients.

Corporate and financing expert Diego Peralta is hailed as "a great lawyer who provides valuable support to the team."

Cristián Eyzaguirre "quickly grasps complex business issues and provides original and creative legal solutions," according to clients.

Managing partner Jaime Carey is a respected figure in the Chilean legal sphere and is greatly valued by clients for his long-standing experience in the local and international markets.

Clients strongly endorse veteran lawyer Jorge Carey as being "widely renowned in Chile and abroad for his leadership, business acumen, strong professional network and capacity to provide first-class advice."

Clients highlight Guillermo Acuña's "vast knowledge in corporate matters," adding: "He is fast, precise and business-oriented." 

Associate Elena Yubero enters the rankings this year following outstanding praise from market sources. "She has been extremely proactive and efficient, and went above and beyond to ensure the matter was completed to our satisfaction," said one interviewee.

Arturo Poblete comes highly recommended by clients as "an outstanding associate with a great future ahead of him."

Significant clients Enersis, Air Products, Canada Pension Plan Investment Board, Brookfield Asset Management, Sugalidal.

Dispute Resolution - Chile

Basic facts about the department
- 2 partners
- 13 other qualified lawyers

What the team is known for Routinely assists its impressive client roster in civil and commercial disputes locally and internationally. Well placed to represent clients in contentious administrative and regulatory issues, where the team enjoys the support of the firm's acclaimed public law and environment departments.

Strengths (Quotes mainly from clients)

"The results and quality of the work are fundamental in litigation, which is why I work with Carey."

Work highlights Represents energy contractor Alstom in court proceedings brought by insurer MAPFRE for the reimbursement of USD33 million compensation paid to Gas Atacama for damage allegedly caused by a faulty turbine provided by Alstom.

Notable practitioners  

Head of department Gonzalo Fernández is warmly praised by clients: "He gives great advice and helps us to keep a cool head when deciding whether to initiate court proceedings." Market sources also highlight his strategic vision.

Ricardo Reveco is "a very smart, diligent and highly effective lawyer" who comes recommended by clients and peers alike.

Associate Aldo Molinari recently returned to the firm following a stint working as a foreign associate at Herbert Smith Freehills in New York, where he focused on international arbitration.

Significant clients Philip Morris, MetLife, VTR GlobalCom, Fundación Isabel Aninat, Masisa.

Energy & Natural Resources - Chile

Basic facts about the department
- 5 partners
- 23 other qualified lawyers

What the team is known for Regularly retained by local and international clients for assistance in the development, implementation and financing of major energy, oil and gas projects. Works alongside the firm's celebrated finance, projects and environment departments to provide comprehensive advice on all related topics such as regulatory and transactional matters. 

Strengths (Quotes mainly from clients)

"Their energy department is outstanding - they have top-quality lawyers who are always able to solve our problems."

Work highlights Assisted solar power producer SunEdison in negotiating a power purchase agreement (PPA) to finance a USD250 million photovoltaic project.

Notable practitioners  

Clients and peers alike are full of praise for recent partner José Miguel Bustamante: "He really stands out in energy and for his dedication to his clients."

Water rights expert Alberto Cardemil comes highly recommended by clients for his "direct style and focus on the key aspects of the problem at hand," as well as his "great soft skills and ability to generate trust between parties." 

Head of department Juan Francisco Mackenna is singled out by clients for his "ability to solve problems creatively and his skill in negotiating complex agreements."

María Fernanda Carvajal stands out for her "great expertise in energy, infrastructure and project finance," according to clients.

Significant clients SolarReserve, Mainstream Renewable Power, Pattern Energy, SkyPower, Hidroeléctrica Río Lena.

Energy & Natural Resources - Chile

Basic facts about the department
- 3 partners
- 23 other qualified lawyers

What the team is known for Works alongside the firm's celebrated departments in projects, environment, tax and labour to provide a full range of mining-related legal services. Regularly retained by an impressive roster of mining companies to provide interdisciplinary assistance for their operations in Chile.

Strengths (Quotes mainly from clients)

"They have a very broad practice and understand how business is done."

"They are a leader in mining and have excellent knowledge of the sector."

Work highlights Advised mining company Minsur on the acquisition of local mining concessions worth USD2 million.

Notable practitioners  

Market sources consistently single out practice head Rafael Vergara because "he can devise both theoretical and practical solutions, and always delivers according to what we need."

Natural resources specialist Juan Francisco Mackenna brings extensive knowledge in energy and mining projects to the team.

Significant clients Teck Resources, KGHM, Codelco, Antofagasta Minerals, Marubeni.

Environment - Chile

Basic facts about the department
- 3 partners
- 5 other qualified lawyers

What the team is known for Regularly handles regulatory and compliance work, as well as environmental due diligence and audits. The team frequently acts for clients from the energy and mining sector. It can rely on the firm's complementary expertise across its energy, mining, projects and financing practices.

Strengths (Quotes mainly from clients)

"Carey provides a quality service - the lawyers are always available and willing to help us."

Work highlights Assists Andes Mainstream Renewable Power in the environmental assessment of the company's projects in Chile, such as various wind farms and solar plants.

Notable practitioners  

Associate Paulina Sandoval comes highly recommended by clients, who say: "She is just great - her answers are comprehensive yet to the point and she is good at explaining things in layman's terms."

Significant clients Origin Energy, Pattern Energy, Hidroeléctrica Centinela, Minsur, Andes Mainstream Renewable Power.

Insurance - Chile

Basic facts about the department
 - 4 partners
 - 6 other qualified lawyers

What the team is known for Sizeable team assisting a variety of domestic and international clients in diverse insurance matters. Mandates often include a corporate, regulatory or M&A angle.

Strengths (Quotes mainly from clients)
"They are responsive, understand our business and the market, and have very good working relationships in the legal and business communities in Chile."

Work highlights Assisted Euler Hermes and MAPFRE Garantías y Créditos in regulatory matters regarding the merger of their credit insurance operations in Chile.

Notable practitioners  

Department's co-head Pablo Iacobelli is highlighted by clients as "a strong, proactive lawyer."

Significant clients MetLife, Euler Hermes, Zurich, HSBC, BBVA.

Intellectual Property - Chile

Basic facts about the department
- 2 partners
- 15 other qualified lawyers

What the team is known for Assists an impressive client roster with a full catalogue of IP services. Houses a large group of in-house patent specialists and several dual-qualified lawyers who are well placed to handle patent and trade mark matters in the domestic and international arena.

Strengths (Quotes mainly from clients)

"The quality of their service is superlative - they are extremely fast, proactive, responsive and business-conscious."

"They understand the commercial side of our work and have recommended strategies to overcome conflicts not just on a legal basis, but also from a business perspective."

Work highlights Assisted Chilean start-up Biofiltro with all of its IP needs, covering trade marks, patents, and licence and franchise agreements.

Notable practitioners  

Practice co-head Guillermo Carey gives "sophisticated and comprehensive legal advice," according to happy clients, who add: "He is mindful of the business issues involved and of the need to develop practical and cost-effective solutions."

Director Fernando García combines his IP knowledge with IT skills, and recently led a team filing a cancellation action on behalf of drainage inventor Insytec with respect to a utility model registered by a competitor.

Clients single out co-head Francisco Carey's "extraordinary service and commitment to his clients." 

Significant clients Nestlé, Merck, Boehringer Ingelheim, PepsiCo, BASF.

Labour & Employment - Chile

Basic facts about the department
- 1 partner
- 12 other qualified lawyers

What the team is known for One of Chile's largest and most respected labour practices handling all labour and employment matters for an international clientele. The team can provide a complete service, with support from complementary departments such as criminal law and corporate M&A. 

Strengths (Quotes mainly from clients)
"They stand out for the quality of their work and the understanding of our company's needs." "Their great experience gives them incomparable skills and tools to handle all kinds of labour law-related issues."

Work highlights Successfully defended a global contractor successfully in more than a dozen lawsuits for unlawful dismissal after the company dismissed more than 400 employees as the result of an illegal strike.

Notable practitioners  

Óscar Aitken is praised for his "experience and professional guidance" and is highly regarded by his peers.

Clients single out associate Bárbara Vera for her accurate, spot-on advice.

Significant clients Mitsui, CHRISTUS Health, J.P. Morgan.

Projects - Chile

Basic facts about the department
- 7 partners
- 13 other qualified lawyers

What the team is known for Leader in project finance with in-depth expertise in a number of sectors, including infrastructure and mining. Advises high-profile local and international clients on every stage of project development.

Work highlights Advised a consortium of lenders including OPIC, IFC and BCI on a USD1.2 billion financing credit facility for the development of the Alto Maipo hydroelectric project.

Strengths (Quotes mainly from clients)

"They understood the scope of the project and were very proactive in forecasting the problems that might arise."

Notable practitioners  

Rafael Vergara is co-head of the firm’s natural resources, energy and environment group and is "outstanding in mining," according to sources.

Juan Francisco Mackenna brings valuable energy and mining know-how to the projects group, and is singled out for his "client-oriented approach and strong work ethic."

Felipe Moro is part of the project finance team and is strongly endorsed by clients and peers alike: "He is fantastic for project finance and has a responsive and calm working style."

Head of project finance Juan Guillermo Levine is highly respected by clients for his "great experience and knowledge of the mining, port and finance industries," while peers laud his ability "to take on a project and solve any problems immediately."

Associate Juan Pablo Stitchkin attracts warm praise from clients: "He's an expert in EPC and EPCM matters."

Óscar Aitken is recommended by market sources for his expertise in engineering and construction work. "He has a strategic vision and knows how to do business," enthuse clients.

Significant clients Teck Resources, OPIC, IADB, SunEdison, Kinross Gold.

Public Law - Chile

Basic facts about the department
 - 1 partner
 - 7 other qualified lawyers

What the team is known for The public law practice at this respected corporate firm assists a diverse range of clients in all public law matters, with a particular focus on regulated markets. It regularly advises on matters such as public litigation, constitutional rights, public procurement, regulatory compliance and regulation of state-owned companies.

Strengths (Quotes mainly from clients)

"These lawyers get it right first time so they are cost-effective and they have impeccable English skills so their documents are some of the best I have ever seen coming out of Latin America - they simply excel in everything they do for us." 

Work highlights Assists the Chilean Ministerio de Energía (Ministry of Energy) in a reform of the electricity regulation to encourage more competition. 

Notable practitioners  

Clients praise associate José Pardo as being "agile, committed, diligent and responsive."

Department co-head and regulated market all-rounder Lorena Pavic is "very competent, professional and dedicated to the clients," say interviewees. 

Significant clients Codelco, ENAP, Novartis, Roche, SecureAlert.

Real Estate - Chile

Basic facts about the department
- 2 partners
- 8 other qualified lawyers

What the team is known for Caters to all real estate needs, with strong experience in the environmental and regulatory issues relating to construction projects. Represents a number of high-profile international clients in connection with their operations in Chile.

Work highlights Advised JPMorgan on the negotiation of the long-term lease of its new headquarters in Chile, and on the design and construction contracts necessary for the use of the premises.

Strengths (Quotes mainly from clients)

"They have supported us very well and have a great team behind them."

Notable practitioners  

Óscar Aitken is co-head of the real estate department and has supplementary experience in construction and labour law.

Significant clients PazCorp, JPMorgan, H&M, Driscoll’s de Chile, Herbalife International, Nextel Chile.

Tax - Chile

Basic facts about the department
- 3 partners
- 15 other qualified lawyers

What the team is known for Assists an impressive client roster with all tax matters, such as tax planning, due diligence and compliance. Routinely represents clients before the Chilean tax authorities and courts.

Strengths (Quotes mainly from clients)

"Their response times and the quality of their advice are always excellent."

Work highlights Advised renewable energy producer Andes Mainstream on obtaining a VAT exemption worth USD7 million on the capital goods imported for its Negrete Cuel wind farm project.

Notable practitioners  

The department's co-head Alex Fischer is hailed as "the best tax lawyer we have worked with in Chile" by happy clients, who add: "He has an understanding not only of tax law, but also of our business in general."

Clients praise fellow practice co-head Jessica Power for her "realistic approach and appreciation of the financial effects of different tax arrangements and regulations."

Significant clients Codelco, BG Group, Ontario Teachers' Pension Plan, Goldman Sachs, Saesa.

TMT - Chile

Basic facts about the department
- 1 partner
 - 6 other qualified lawyers

What the team is known for Pace-setting combination of corporate and financial expertise with in-depth knowledge of TMT. Team provides regulatory, financial and commercial advice to a notable clientele in TMT sector.

Strengths (Quotes mainly from clients)
"They are extraordinary, they have experts in every practice area and they fully understand what we need in an initial consultation. Outstanding responsiveness is one of their main characteristics." 

Work highlights Advised Nextel Chile in connection with a consultation process started by the Chilean antitrust tribunal regarding the pricing and bundling of mobile phone services.

Notable practitioners  

According to sources, Alfonso Silva stands out for "focusing on the details, as well as the general framework of our negotiations." His creativity in solving problems is also noted.

Director of regulatory affairs Eduardo Martin is endorsed by sources for his commitment to his clients. He was recently part of the team advising BT on several matters relating to telecommunications concessions in Chile.

Significant clients Nextel Chile, BT, ARRIS, Star One, Motorola Solutions.