Full-service firm Barros & Errázuriz is ’in the top tier of firms in Chile for tax and private client matters’. The 16-member tax law department is houses expertise in corporate taxation, VAT, capital markets, M&A-related tax issues, international taxation and inheritance tax. In relation to private clients, the team acts for wealthy Chilean and international family offices; and its broad sector expertise ranges from construction, engineering, real estate, telecoms and energy, to ports, investment funds, education, food, logistics, and pharmaceuticals (among others). The team is co-led by founding partner Fernando Barros, whose wide-ranging caseload encompasses investment project developments, the implementation of corporate and financial structures, and business strategy analyses; cross-border M&A and business reorganisation specialist Carola Trucco, who ‘can juggle the complexities of various legal systems masterfully’, and has longstanding experience in advising significant companies on tax matters at both domestic and international levels; and Tomás Kovacevic whose track record covers tax structuring transactions, the application of international agreements, reorganisations, legal tax opinions, and the tax aspects of capital markets and investment funds. The group further includes experienced counsel Magdalena Munita; and in the senior associate pool, Mauricio Bascuñán acts in tax audits and litigation, while María Luisa Marraccini is also a key tax practitioner. Since publication, the team has been further strengthened with the reincorporation of Álvaro Oyarce as a senior associate following the completion of his LLM and some 14 months as an international tax consultant at EY New York - effective as of December 2024.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Barros & Errázuriz is of course one of the top firms in Chile in all areas, as well as in the tax and private client world.’

  • ‘Possesses depth in its partnership that few firms can rival.’

  • ‘Strong client service.’

  • ’In the top tier of firms in Chile for tax and private client matters.’

  • ‘The highest level of service.’

  • ‘They always provide sophisticated, tailored advice, and have great strength and depth on their team.’

  • ‘Carola Trucco is deeply experienced and knowledgeable, and can juggle the complexities of various legal systems masterfully.’

  • ‘‘Carola Trucco has a talent for creating camaraderie within the teams she leads. She is calm, measured, and creative. It is a great pleasure to work with her.’

Key clients

  • Independencia
  • Compass Group
  • LarrainVial

Work highlights

  • Advising Independencia on tax matters, including the taxation of capital markets instruments.
  • Advising Compass Group on tax matters, including the taxation of investment vehicles.
  • Advising Larraín Vial on tax issues.

Lawyers

Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Fernando Barros, Carola Trucco, Tomás Kovacevic