Further to Chile’s 2019 social crisis (as well as the pandemic), the recent track record of Morales & Besa's sizeable bankruptcy and restructuring practice focused on assisting domestic and international creditors and debtors with large companies’ reorganisation proceedings. The team's expertise covers out-of-court debt restructurings, insolvency and restructuring-related litigation and arbitration (including claw-back actions), and cross-border insolvency matters; it priarily acts for a client base of businesses drawn from the healthcare, financial services, aviation, construction, entertainment and energy sectors. The practice is co-led by financing and restructuring specialist Myriam Barahona; and dispute resolution expert Gonzalo Cordero, whose practice includes insolvency and bankruptcy-related disputes. Former senior associate Rocio Vergara left the firm in September 2022.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'The fact that the team has a high level of financial expertise makes it particularly attractive to work on international bankruptcy and restructuring cases, where financial issues are more prevalent than domestic restructuring cases in Chile.'
- 'In Corp Group Banking, a chapter 11 case filed in Delaware, I represented two Latin American banks as secured creditors, one of which required the hiring of an expert in Chilean law. Myriam Barahona was our foreign law expert and it was a privilege to have her. She is an exceptional lawyer, very experienced in financial matters and brings an enriching perspective to the case.'
Key clients
- Banco de Crédito e Inversiones
- Multitiendas Corona
- Sociedad Concesionaria Metropolitana de Salud
- Corporación Interamericana para el Financiamiento de Infraestructura
- Official Unsecured Creditors Committee (LATAM Airlines bankruptcy procedure)
Work highlights
- Advised Banco de Crédito e Inversiones on certain credits granted to Corpgroup banking-related entities.
- Advised CIFI on the reorganisation procedure of Itelecom.
- Assisted the Official Unsecured Creditors Committee before the Chapter 11 court, in relation to LATAM Airlines' bankruptcy proceeding.
Practice head
The lawyer(s) leading their teams.
Gonzalo Cordero, Myriam Barahona