The 11-member banking and finance department at full-service firm Philippi Prietocarrizosa Ferrero DU & Uría acts for foreign and domestic banks, financial institutions, borrowers and sponsors on energy, mining and infrastructure-related project financing. With ’an excellent understanding of local regulations, as well as experience in negotiating credit facilities that are subject to New York law’, the group’s track record also includes multiple corporate finance transactions, along with aircraft lease and financing work. The practice additionally advises financial institutions on the regulatory aspects of banking, financial, capital markets, payment methods and fintech. The team’s principal advisers are banking, finance and infrastructure project specialist, Andrés Sanfuentes; Marcela Silva, whose experience includes advising lenders, borrowers and sponsors on the financing of mining, infrastructure and energy projects, as well as desalination plants; asset and project financing expert Daniel Parodi, who also regularly assists with aircraft and vessel financing; and financial and banking regulation practitioner Guillermo Vial. In January 2024, both Parodi (‘a skilled negotiator who always proposes an appropriate and timely strategy’) and Vial were made partners, while Pedro Pablo Valenzuela, who is experienced in banking and finance, as well as project financing, was raised to principal associate. Intermediate associate Juan Ignacio Rosales is also noted. Former senior Ignacio Chomalí departed the firm in June 2023.
Testimonials
Collated independently by Legal 500 research team.
- ‘It is a very good team, with many members who have very deep knowledge of the market.’
- ‘The care for their clients is remarkable and the friendly treatment always makes a difference.’
- ‘An excellent understanding of local regulations, as well as experience in negotiating credit facilities that are subject to New York law.‘
- ‘Full availability 24/7 to respond to negotiation requirements and partners get involved in the processes.’
- ‘Responses to clients are always timely.’
- ‘Marcela Silva is excellent. So are the people on her team who run energy projects.’
- ‘Daniel Parodi's team has solid experience, which allows it to provide effective advice.’
- ‘Daniel Parodi is a skilled negotiator who always proposes an appropriate and timely strategy. His experience is demonstrated in the way he approaches negotiations effectively and resourcefully.’
Key clients
- The Bank of Nova Scotia
- Sumitomo Mitsui Banking Corporation
- MUFG Bank
- EDF EN
- BNP Paribas
- Ibereólica Renovables Chile
- DEG - Deutsche Investitions- und Entwicklungsgesellschaft
- SMBC Aviation Finance
- Scotiabank Chile
- Grenergy Renovables
- Forum Servicios Financieros
- Global Payments
- BBVA
- Agrosuper
Work highlights
- Advised DNB Bank, CaixaBank, MUFG Bank, KFW IPEX Bank, Société Générale, Sumitomo Mitsui Banking Corporation, Natixis, (New York branch), Samsung Life Insurance Co and AB Svensk Exportkredit (as lenders) on the restructuring of the financing and local insolvency reorganisation proceeding initiated by Condor Energía.
- Advised Sumitomo Mitsui Banking Corporation (as lender) on the financing to Innergex Energía Renovable for the construction of a battery energy storage system.
- Advised the lenders on the financing of the acquisition by Onnet Fibra of ENTEL’s existing fibre optic network.
Lawyers
Practice head
The lawyer(s) leading their teams.
Marcela Silva, Andrés Sanfuentes, Daniel Parodi