Acting for issuers, financiers, initial purchasers, selling shareholders, and institutional and individual investors, Claro & Cia. houses a go-to practice for high-stakes domestic and international securities deals, including public and private offerings. The team’s scope of expertise ranges from IPOs, project-related bond issuances, high-yield and investment-grade debt and equity offerings, to listings on stock exchanges, exchange offers, offers for share acquisitions and debt securities, and hybrid securities. The department features several widely-respected partners, namely: Rodrigo Ochagavía, whose expertise covers the energy, mining, banking and insurance sectors; José Luis Ambrosy, an expert in capital markets-related projects involving the Chilean authorities; and Felipe Larraín, who is particularly focused on deals with foreign counterparties. Luisa Núñez and Juan José León are additional highly-rated capital markets' transactions partners, while Cristián Lagos is an experienced counsel. Nicolás Aspillaga and María Jesús Argandoña are the associates to note.

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Testimonials

Collated independently by Legal 500 research team.

'The team is very focused on the task and delivering excellent customer service. In my experience with other law firms, Claro y Cia is an undisputed leader in this matter.'
'The partners I work with are Felipe Larraín and Joaquín Rodriguez. Both have a lot of experience in different aspects of the capital markets. They have also both taken the time to understand how my business works and thus facilitate the work.'
'We have also worked with Jose Luis Ambrosy at Claro on several cross-border capital markets offerings and he is also an outstanding capital markets lawyer worthy of recognition.'

Key clients

AES Andes
Elecmetal
Banco del Estado de Chile
Sociedad Química y Minera de Chile
Toesca SA Administradora General de Fondos
Latam Airlines Group
Entel
Itau BBA USA Securities
Inversiones La Construcción
BOFA Securities

Work highlights

Assisted LATAM Airlines Group with the approval of its reorganisation plan, which involved the issuance of three classes of convertible bonds and a capital increase of approximately $10.3bn.
Advised BofA Securities, JP Morgan Securities, Citigroup Global Markets and Scotia Capital (USA) on the issuance of inaugural $500m senior notes.
Advised BofA Securities and JP Morgan Securities on the issuance of inaugural $300m senior notes.