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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: 25
  • Number of other lawyers worldwide: 155

THE FIRM: Carey is Chile’s largest full-service law firm.The firm various corporate, litigation and regulatory groups include highly-specialized attorneys and practice areas covering all areas of law.The firm clients include some of the world’s largest multinationals, international organizations, 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 a member of the Pacific Rim Advisory Council,World Services Group, Terralex and The Interlex Group.

Antitrust, Competition & Economic Regulation:
Carey has a proven track record in securing clearance for complex M&A and joint ventures. The firm’s antitrust practice encompasses all areas of antitrust law, including advisory on regulatory compliance and assessment of operations from a free competition point of view.

Banking & Finance: The firm has a long tradition of representing leading Chilean and foreign banks in transactions of every kind, including secured and unsecured syndicated loan facilities; equity and debt securities offerings; placements of debt securities; letters of credit and other credit enhancement devices; note purchase agreements; project financings; structured products; debt restructurings; and derivative transactions.

Energy: Carey has worked on the implementation of some of the major energy, and gas & oil projects in the country (including coal, natural gas, hydropower LNG and renewables), advising the public and private sectors.The firm provides a complete service ranging from regulatory matters to M&A,joint ventures,negotiation of energy commercialization deals, project development and financing.

Construction & Engineering: The firm is market leader in this highly specialized area with a practice group devoted exclusively to advising major international and local clients doing construction and engineering projects in Chile, both as owners or contractors. Services range from early project inception to bidding stages, contract preparation and negotiation,handling of claims and dispute resolution. Carey has ample experience in all kinds of contracting systems including EPC, EPCM and BOT.

Environment: The firm provides advice in all matters related to the Environmental Impact Assessment System, environmental litigation, regulatory audit design and supervision,permitting strategies and regularizations; project financing under the Clean Development Mechanism of the Kyoto Protocol; and counsel in conservation, ecotourism and environmental services.

G overnment Contracts: Carey represents multinational contractors and manufacturers in the defence, security, gaming, construction and other regulated and unregulated industries, in all their government contracting requirements in Chile.

IP: Carey is market leader in Intellectual Property matters in Chile,with responsibility over more than 5,000 patents and 27,000 trademarks.The firm has longstanding expertise in prosecution and litigation of patents and trademarks, regulatory matters, copyright, licensing, anti-counterfeiting, among others.

Immigration: Carey provides immigration services, such as work contracts, work permits and visas, temporary residence visas, and apostille of documents.

Labour: Carey has been actively involved in collective bargaining processes in different industries, and has vast experience in hiring processes, compensation packages (including stock related plans), terminations and massive lay-offs, labor auditing and legal compliance, subcontracting, labor due diligences, internal investigations, and social security and taxation of employees.

Litigation & Arbitration: Carey has earned a national reputation for excellence in complex high-stakes, high-profile business disputes, including civil, commercial, criminal, labour, antitrust, tax and bankruptcy cases involving major multinational clients. The firm’s 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.

Corporate, M&A & Private Equity: The firmhas a market leading practice in mergers and acquisitions, joint ventures, associations, strategic alliances and public tender offers. It has been involved in many of the major M&A deals in Chile in the last two decades and has been widely recognised for its efficiency, time effectiveness and creativity in achieving clients’ goals.

Mining: The firm advises clients in all kind of mining projects (copper, molybdenum, silver and gold,between others) and extraction projects developed in the country, either as counsel to the project owners, sponsors or financiers.

Real Estate: The firm has experience in acquisitions and disposals; joint ventures; portfolio sales and securitisation; real estate investment funds; tax efficiency structuring; real estate financing; sale and leasebacks; development; construction; leases and real estate management; and dispute resolution.

Tax: The firm’s Tax Group has positioned itself as the largest tax practice among law firms and the leading competitor of the tax departments of large auditing firms. Constantly involved in structuring of major and complex national and international transactions, tax litigation, tax planning and tax due diligence processes.

Telecommunications & Media: Carey advises leading incumbents and technology providers and has a wide knowledge of the regulatory, financial and transactional aspects of this industry.Heavily involved in and exposed to competition and litigation issues of the telecom market.

INTERNATIONAL WORK: Carey provides a complete service to international clients looking to do business in Chile with years of experience in international business issues and cross-border transactions.

The firm’s clients are mainly multinationals. A list is available upon request.


  • Isidora Goyenechea 2800,
  • Piso 43,
  • Las Condes,
  • Santiago,
  • Chile
  • 755-0647
  • Tel +56 22 928 2200
  • Fax +56 2 928 2228
  • Email : carey@carey.cl
  • Website : www.carey.cl

Banking & Finance - Chile

THE FIRM This established full-service powerhouse is renowned for its presence in high-end transactions in the financial sphere, and is particularly active in traditional financing, M&A, project finance, capital markets and refinancing matters. The team recently advised JPMorgan on the USD2.5 billion loan granted to Cencosud for the Chilean retailer's acquisition of Carrefour's Colombian operations. The firm also assists clients with project finance in the mining and energy sectors, as exemplified by its recent representation of Andes Mainstream and AM Eólica Negrete in securing a USD52 million credit agreement to finance a wind project in southern Chile.

Sources say: "The firm is excellent for finance - its lawyers understand us and keep on top of all the issues."

KEY INDIVIDUALS Department head Diego Peralta is a senior name in the field and is most well-reputed for his work in capital markets and corporate finance transactions.

Experienced banking and finance lawyer Juan Guillermo Levine focuses his practice on project finance and is praised by market sources for being "flexible when looking for solutions to complex problems." 

Felipe Moro earns substantial recognition for his activity in this area and served as a lead partner in the team advising JPMorgan as it granted acquisition finance to Cencosud.

Key partner Salvador Valdés' broad financial practice encompasses elements of securities offerings and derivatives transactions.

Capital Markets - Chile

THE FIRM This much-acclaimed firm has a strong track record in finance and is well versed in capital markets work. The team is regularly retained by local and international issuers and underwriters to advise on private placements, IPOs, debt repurchases and equity and debt offerings. In a recent highlight, the team served as counsel to a consortium of banks comprising JPMorgan, UBS, Morgan Stanley, Credit Suisse, BBVA and Santander as underwriters in the recent USD540 million share issue by Chilean retailer Cencosud as part of a capital increase.

Sources say: "Carey is top of the line for capital markets in Chile and Latin America. The team has a thorough understanding of our business concerns in this sector."

KEY INDIVIDUALS Department co-head Diego Peralta is singled out by clients for his experience and accessibility. He led the team advising the underwriters of Cencosud's recent share issue.

Francisco Ugarte co-heads the department alongside Peralta and earns substantial praise from clients: "He is very responsive and proactive, and has extensive knowledge of many corporate law issues pertaining to capital markets."

Top-ranking M&A lawyer Salvador Valdés is particularly active in derivatives and stands out for his excellent client service, according to sources. 

Competition/Antitrust - Chile

THE FIRM This long-established firm is the biggest in the country and is considered to be an important player in antitrust. The competition team is able to draw on the firm's recommended litigation department as well as its expertise in the regulated markets of energy, TMT and insurance in order to develop sector-specific strategies for clients. The team recently won a 12-year battle on behalf of Philip Morris when the Supreme Court ruled that competitor Compañía Chilena de Tabacos (CCT) had engaged in anti-competitive behaviour in cigarette advertising. Clients note the team's strong training and academic background as being among its assets.

Sources say: "The team was wholly committed to our cause as if it were a personal issue of its own, and the legal analysis and strategy provided were excellent."

KEY INDIVIDUALS Lorena Pavic is "always one step ahead and knows exactly which direction the Chilean legislation is likely to take in the future," enthuse clients.

Claudio Lizana brings a wealth of corporate expertise to the competition practice.

Since publication, Juan Enrique Coeymans has joined Coeymans, Edwards y Poblete Abogados. The market is still waiting to assess the full impact of his departure.

Corporate/M&A - Chile

THE FIRM This full-service heavyweight has visible strength in the corporate arena. The sizeable team serves a roster of domestic and international clients, including Brookfield Asset Management, British Gas and Canada Pension Plan Investment Board (CPPIB), the latter of which it recently advised on its acquisition of a 49.9% stake in Grupo Costanera, the Chilean arm of Italian motorway operator Atlantia. In a further highlight, the group advised US-based company Air Products on its USD884 million acquisition of Latin American gas company Indura.

Sources say: "The team is extremely dedicated to us as a client and to meeting our deadlines and requirements. They are available at all times, which adds significant value to their services."

KEY INDIVIDUALS Pablo Iacobelli is praised by clients as being "thorough, knowledgeable and highly experienced in the area."

Corporate and finance expert Salvador Valdés recently assisted Canadian company Brookfield Asset Management with its USD299 million acquisition of a 45.4% stake in the Vespucio Norte Express Chilean toll road. 

Diego Peralta is the firm's head of finance and a valuable asset to the corporate team.

Marcos Ríos has a broad commercial practice that spans finance, government procurement and insurance matters.

Antitrust expert Claudio Lizana is a valued member of the corporate team and is singled out by peers for his presence in the firm's transactional work.

Francisco Ugarte handles banking and finance, private equity and derivatives matters alongside his corporate practice. 

Clients laud Jaime Carey as a "practical and experienced lawyer who provides excellent support."

Jorge Carey is the chairman of the firm and a point of reference in the Chilean market.

Partner Cristián Eyzaguirre recently advised French hotel group Accor on its acquisition of the Latin American portfolio of Mexican hotel chain Grupo Posadas. 

Dispute Resolution - Chile

THE FIRM The dispute resolution group at this multi-practice heavyweight has a wealth of local and international expertise, backed up by the firm's full-service capacities across the legal spectrum. The team provides support in connection with domestic litigation, arbitration and class actions for both the public and private sectors. In a recent landmark case, it represented Nestlé in proceedings before the Chilean Supreme Court relating to the registration of the generic term 'Sahne Nuss', achieving a full dismissal of the annulment remedy filed by Empresas Carozzi. 

Sources say: "Carey provides a strong advantage in being able to supply experts from a range of disciplines, which enables a deep and comprehensive approach to a case." 

KEY INDIVIDUALS Gonzalo Fernández heads the department and led the successful defence of Nestlé against Empresas Carozzi. "He is fully committed, leaves nothing to chance and is always one step ahead," enthuse clients.

Senior associate Aldo Molinari is well respected by peers for his solid legal background. 

Energy & Natural Resources - Chile

THE FIRM This celebrated firm provides legal advice to a wide range of clients in connection with all areas of natural resources. The team recently represented Origin Energy as it acquired a 51% stake in Energía Austral from Xstrata Copper, assisting with a due diligence report as well as with the deal negotiations. The firm also advised Hydrowac y Cía on the sale of a call option to acquire key water rights and other related assets to Cedicor.

Sources say: "We chose them because they give us personalised attention, are quick to respond and know the energy field extremely well." 

KEY INDIVIDUALS Juan Francisco Mackenna is singled out by sources for his strong negotiating skills and long-standing experience in the hydropower field. 

Clients laud Alberto Cardemil for his high level of expertise in water rights, adding: "He is a great adviser with strong business acumen."

Since publication, José Miguel Bustamante has been promoted to partner. He is "experienced and well informed, and has a strong understanding of the sector," according to sources.

Partner María Fernanda Carvajal "is efficient and dedicated to her clients, and has impressive knowledge of her field," according to clients. She co-heads the firm's coal, oil and gas practice.

Energy & Natural Resources - Chile

THE FIRM This prestigious corporate firm has an active mining practice with an interdisciplinary focus across the natural resources sectors. Recent work highlights include advising Teck Quebrada Blanca on a USD5.2 billion cross-border deal as part of the expansion of the company's local hypogene project. The practice has also assisted Chilean copper mining producer Codelco with the acquisition of local mining concessions following a settlement to the dispute between the company and Anglo American over the assets in question. Further representative clients in this area include Kinross Gold and Antofagasta Minerals. Clients highlight the firm's integrated support and comprehensive legal advice.

Sources say: "Their lawyers have a strong understanding of the business reality at local and global levels, which really helps to get things done here in Chile."

KEY INDIVIDUALS Head of department Rafael Vergara is a "top name in mining," according to clients, who add: "He knows the area extremely well and gets personally involved in each case."

Juan Francisco Mackenna combines broad experience in energy and environment with his mining know-how, and is recommended by clients for his "crucial vision of the bigger picture."

Environment - Chile

THE FIRM The environment practice at this celebrated firm handles regulatory and compliance issues, impact assessments, indigenous rights and litigation. The team is frequently retained to advise on land and water use regulations and project financing under the Clean Development Mechanism of the Kyoto Protocol. Representative clients include local and international heavyweights such as Teck, Origin Energy and The Nature Conservancy. The team was recently instructed by Andes Mainstream Renewable Power in order to conduct environmental impact studies of the company’s local portfolio of wind and solar projects. Clients highlight the multidisciplinary service afforded by the firm's support departments.

Sources say: "Carey is an excellent firm that is always at the forefront in environmental matters."

KEY INDIVIDUALS Associate Cristóbal Correa formed part of the team advising Andes Mainstream Renewable Power on its local projects portfolio.

Paulina Sandoval is another key associate who "goes the extra mile with her direct and comprehensive advice," according to clients.

Insurance - Chile

THE FIRM This leading full-service firm participates in a wide spectrum of insurance and reinsurance work, often advising clients on corporate, regulatory and M&A matters in this sector as well as handling any settlement processes and insurance claims. Regular clients include MetLife, ING, Zurich and BBVA, with the team recently advising the latter on its USD1.52 billion sale of a controlling stake in Chilean private pension fund administrator AFP Provida to US insurer MetLife. 

Sources say: "The team is very attentive and has a genuine interest in our business."

KEY INDIVIDUALS Pablo Iacobelli and Marcos Ríos earn recognition from sources for their broad insurance practice, which encompasses M&A, corporate and regulatory issues. 

Intellectual Property - Chile

THE FIRM The IP department of this top Chilean firm is a first port of call for clients seeking assistance with patent and trade mark filings, portfolio management and litigation. The team is particularly regarded for its specialism in the pharmaceutical sector, and recently defended Novartis against allegations of denying access to scientific information included in a health registration dossier brought before Chile's council for transparency. The firm serves clients from a further range of industries, with recent panel wins including Apple, PepsiCo and Pattern Energy. 

Sources say: "The firm combines a strong business and client focus with an excellent and personalised service. They are organised, efficient and firmly committed to meeting deadlines."

KEY INDIVIDUALS Department head Guillermo Carey led the team recently representing Novartis in a case before the Chilean council for transparency. Clients laud his pragmatism and ability to provide comparative legal analysis: "He is one of the best lawyers we've worked with in Latin America and is always up to date with changes in the sector, not only within Chile but further afield too."

Fernando García is the director of the IP and IT group at the firm and has a particular focus on e-commerce, industrial designs and patents. "He is brilliant," enthuse clients, adding: "His principal concern is to understand the needs of the client and to see how his advice can support the aims of their business."  

Newly made partner Francisco Carey leads the firm's filing practice and has played a key role in several counterfeiting cases of late.

Labour & Employment - Chile

THE FIRM This accomplished team provides the full catalogue of labour services, covering litigation, contract terms, benefits, immigration and general labour relations. The department also works in conjunction with the firm's acclaimed corporate division in order to undertake due diligence assessments in connection with M&A transactions. It is best known for providing non-contentious counsel to heavyweight global names such as Mitsui, Avon and Motorola. Recent highlights for the team include representing clients in a number of labour litigations with respect to allegations of wrongful termination.

Sources say: "The size and presence of this team make it a first choice for labour issues."

KEY INDIVIDUALS The team is led by Óscar Aitken, who is regarded as a top name in the market by peers.

Since publication, Paulina Miranda has joined Gamboa, Fuenzalida, Carreño & Ugarte Abogados (GFCU Abogados). The market is still waiting to assess the full impact of her departure.

Projects - Chile

THE FIRM This full-service firm oversees a considerable projects workload for major local and international players such as Origin and Pacific Hydro. Recent highlights include the team's role as permanent counsel to Andes Mainstream in connection with the company's local portfolio of solar and wind projects, and the team has also handled the financial and operational aspects of VTR's mobile telephone service. Sources underscore the team's leading market status and its ability to work under pressure as key features.

Sources say: "I have the best opinion of the firm - their advice is efficient and effective, and their experience and knowledge really stand out in the market." 

KEY INDIVIDUALS Department co-head Rafael Vergara has an accomplished name for mining and is regularly consulted by clients owing to his expert knowledge of this field.

Sources consider Juan Francisco Mackenna to be an excellent option for project leadership. He forms part of the team that advises Andes Mainstream on its renewable energy projects in Chile. 

Partner Juan Guillermo Levine heads the project finance department at the firm and has a wealth of experience in the local market.

Clients describe partner Felipe Moro as "thorough and engaged," and highlight his expertise in project financing.

Clients single out associate Juan Pablo Stitchkin as an "ambitious and hard-working lawyer who has deep knowledge of the construction market and its regulations."

Since publication, Diego Peró has gone in house. The market is still waiting to assess the impact of his departure.

Real Estate - Chile

THE FIRM The real estate practice at this full-service heavyweight is fully integrated within the firm's construction division, and has a special focus on the construction and engineering industries. The team benefits from the support of the firm's celebrated tax, environment and energy groups to advise on agro-residential developments, gaming and hospitality projects, financing, acquisitions and leasing. The group's client portfolio features a multitude of high-profile global corporations and local real estate developers, and the team recently assisted Air Products with the real estate due diligence in connection with a prospective stock acquisition valued at USD900 million.

Sources say: "The firm provides a high-quality service in terms of response time and understanding our needs."

KEY INDIVIDUALS Óscar Aitken and Marcos Ríos co-head the practice and command considerable respect on the market. Ríos led the recent property due diligence on behalf of Air Products, while Aitken took the helm in an acquisition by Portuguese tomato processor Sugalidal of two agro-industrial plants in Chile.

Tax - Chile

THE FIRM The tax division of this full-service giant provides broad fiscal services encompassing due diligence, compliance and planning, alongside representation in litigation and settlements with the Chilean tax authorities. The practice is bolstered by three auditors dedicated exclusively to tax consulting and due diligence. The team recently advised Codelco on the tax implications of its settlement with Anglo American following the dispute over the Los Bronces mine. 

Sources say: "These are great tax lawyers that deliver excellent results."

KEY INDIVIDUALS Department co-head Alex Fischer recently handled the tax issues stemming from the settlement of Codelco's dispute with Anglo American. Sources laud his "strong analytical capacity and understanding of cross-border tax issues," adding: "He is practical and solution-oriented." 

Jessica Power shares responsibility for the department with Fischer and recently led a team which advised the Canada Pension Plan Investment Board on tax matters relating to its acquisition of a stake in the Chilean unit of Italian motorway operator Atlantia.

TMT - Chile

THE FIRM This prominent firm houses one of the leading TMT practices in Chile and advises clients on the commercial, regulatory and financial aspects of the sector, as well as providing support on related contentious and antitrust matters. The team has served as counsel to Nextel in connection with all aspects of its 3G telecoms project in Chile, including a recent antitrust consultation process.

Sources say: "We are very happy with their service and would not hesitate to recommend them."

KEY INDIVIDUALS Clients are full of praise for department head Alfonso Silva"He is an extraordinary lawyer, capable of anticipating problems and understanding the client's needs."

Eduardo Martin co-heads the department alongside Silva and serves as the firm's director of regulatory affairs. "He is an expert in TMT and grasps our business concerns perfectly."