The six-member capital markets practice at full-service firm Morales & Besa is repeatedly sought out for complex deals involving issuers, underwriters, broker dealers, asset managers and securities industry professionals. The group is also highly active in regulatory matters. It additionally houses a leading practice in project finance bonds, as well as insolvency reorganisation processes that include capital markets aspects. The department is jointly led by founding partner Guillermo Morales, a go-to adviser for both underwriters and issuers; José Miguel Carvajal, whose practice covers capital markets (in addition to corporate law and banking and finance); and Andrea Díaz, whose track record includes playing key roles on large IPOs. Senior associate Gonzalo Pereira, a 2021 hire from the Financial Market Commission, is a specialist in corporate law, capital markets and financial regulation.

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Key clients

The Republic of Chile
Credit Suisse
State Street Bank and Trust Company
Ruta del Loa Sociedad Concesionaria
Wenco

Work highlights

Advised the Republic of Chile and its Ministry of Finance on the issuance, global offering and placement of sovereign sustainability-linked bonds for $2bn.
Advised the Republic of Chile and its Ministry of Finance on the issuance, global offering and placement of a peso-denominated sustainable sovereign bond.
Advised Falabella on the registration process of six indentures at the Securities Registry of the Financial Market Commission, and on the issuance and placement in the local market of Series AK bonds.

Lawyers

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