Latin America - Chile

Philippi Prietocarrizosa Ferrero DU & Uría

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With ‘extensive experience in financial matters’, full-service legal practice Philippi Prietocarrizosa Ferrero DU & Uría fields a seven-member banking and finance practice that acts for both foreign and domestic banks and financial institutions (as well as borrowers and sponsors) on major transactions. Core areas for the group range from energy, mining and infrastructure project finance, to syndicated financing, aircraft finance (including aircraft lease and financing operations), and offshore bonds and shares issuances. Following the early 2023 departure of practice co-head Marcelo Armas , the group is jointly led by the ‘always well-informed and accessible’ Marcela Silva, an expert in the financing of mining, infrastructure and energy projects; and recently-elevated director Daniel Parodi, who regularly assists with asset, project and corporate finance. The duo are also flanked by banking, finance and infrastructure projects expert Andrés Sanfuentes, along with senior associates Pedro Pablo Valenzuela (‘very independent and thorough’) and Ignacio Chomalí, both of whom handle domestic and cross-border banking and finance deals, along with project finance work. Since publication, Parodi has been raised to the partnership - effective as of December 2023.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The PPU team has extensive experience in financial matters - its experience in different industries with local and foreign clients makes the advice both suitable and effective.'
  • 'Always available and willing to answer questions. Contributes creative ideas based on experience. Very good during negotiations when arguing the points and defending the client's position.'
  • 'Very diligent when it comes to complying with analysis and document delivery times.'
  • ‘Very responsive and clear in their statements. Prices are reasonable (more so than those of other players in the same jurisdiction).’
  • 'Marcela Silva and senior associate Pedro Pablo Valenzuela are extraordinary professionals and great people.’
  • ‘Marcela Silva grants her associates a lot of freedom, but is always well informed and accessible.'
  • 'Director Daniel Parodi has extensive experience and his friendly nature facilitates negotiations - very available to serve clients promptly and efficiently.'
  • 'Pedro Pablo Valenzuela is very independent and thorough.'

Key clients

  • The Bank of Nova Scotia
  • Scotiabank Chile
  • Sumitomo Mitsui Banking Corporation
  • MUFG Bank
  • BNP Paribas

Work highlights

  • Advised the investors and lender (Sumitomo Mitsui Banking Corporation) on the issuance by Innergex, through Aela Generación, of $710m of green notes and a a $93.1m letter-of-credit facility.
  • Acted for Scotiabank Chile, Banco de Crédito e Inversiones, Banco Internacional and BTG Pactual (as lenders) on the financing to DB Terra Chile Holdco (to partially finance the acquisition of Mundo Pacífico).
  • Advised the sponsors (Ibereólica Renovables and Repsol) on the financing of an approximately 165.3MW wind farm.

Practice head

The lawyer(s) leading their teams.

Marcela Silva, Daniel Parodi