‘An extraordinary firm in Chile’, Claro & Cia. ’ensures excellent professional advice’. Acting for investment banks and issuers worldwide, the 16-strong capital markets team structures sophisticated securities transactions involving multilateral financings and cross-border capital flows. The team’s expertise covers public and private offerings, including IPOs, equity deals, project bonds, and investment-grade and high-yield debt offerings, as well as securities exchange listings, exchange offers, cash and debt tender offers, and hybrid securities. The firm additionally houses robust regulatory compliance and corporate governance practices. Major highlights included the practice’s involvement in the restructuring of LATAM Airlines, which involved a large capital issuance in Chile. The group is co-led by Rodrigo Ochagavía, who is particularly focused on the energy, mining, banking, infrastructure, insurance and pension fund sectors; and José Luis Ambrosy, whose capital markets expertise includess project bonds. The department further showcases Felipe Larraín, an adviser on cross-border deals involving foreign investors - particularly public transactions involving tender offers, securities laws and corporate governance issues; banking equity specialist Luisa Núñez; and José María Eyzaguirre F and Juan José León, who both advise on capital markets' matters. Counsel Cristián Lagos' wide-ranging practice also includes securities law and capital markets offerings. At associate level, experienced semi-senior Nicolás Aspillaga has had a certain focus on equity deals of late - particularly capital increases, while up-coming intermediate María Jesús Argandoña has been busy on local bond issuances.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Ensures excellent professional advice that covers every legal aspect.‘
  • ‘The experience and thorough knowledge of each subject make Claro & Cía an extraordinary firm in Chile.’
  • ‘All of their lawyers have professional profiles that mean that the advice they provide to their clients is excellent.’
  • ‘Actively involves themselves in the client’s business, leading the legal strategy for all the projects in which they participate.’

Key clients

  • LATAM Airlines Group
  • Hortifrut
  • Banco del Estado de Chile
  • Sociedad Química y Minera de Chile
  • ILAP Noteholders
  • Grupo Marina
  • Molibdenos y Metales
  • Itaú Unibanco
  • Transelec
  • Gloria Foods

Work highlights

  • Assisted with the  exit-financing required to emerge from the Chapter 11 reorganisation proceeding of LATAM Airlines.
  • Assisted with the structuring and placement of three different series of bonds totalling $300m.
  • Advised on the voluntary tender offer process for the acquisition of (up to) all the outstanding shares issued by Itaú Chile.

Lawyers

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Rodrigo Ochagavía, José Luis Ambrosy