Press Releases

Chile launches first tariff stabilisation bond Eloise Hardy Holland & Knight LLP in New York has helped state-owned Chile Electricity raise US$489 million in Latin America’s first-ever tariff stabilisation financing, after the government established a law in late 2019 capping electricity prices after national social unrest. Holland & Knight also advised TMF Chile as verification agent, alongside Chilean firm Baraona Marshall & Cia ...

US company gets financing for data centre in Chile Fredrik Karlsson Japanese bank Sumitomo Mitsui has hired Chile’s Carey to provide a loan to the local subsidiary of US data centre provider EdgeConneX to fund the development of a data centre in Santiago. EdgeConneX is understood to have relied on local firm Baraona Fischer y Cía, but this could not be confirmed prior to publication. The amount of the loan was not revealed ...

Chilean telecoms group WOM gets financing ahead of 5G trial Emily Darby Guerrero Olivos in Santiago has helped Chilean telecoms group WOM obtain a US$450 million financing, the proceeds of which it will use to bid for local telecoms contracts as Chile goes ahead with Latin America’s first 5G test zone. The money was raised by Luxembourg-based Kenbourne Invest, which subsequently provided the amount as a loan to WOM ...

Several LatAm firms in worldwide Fiat-Peugeot merger Eloise Hardy Sullivan & Cromwell LLP in London and New York and three Linklaters offices have helped Fiat Chrysler Automobiles and Peugeot, respectively, in their US$38 billion global merger, which also called on several Latin American law firms. Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) in Buenos Aires, Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Chile’s Carey advised Fiat ...

Carey, Vicuña Abogados and Ugarte & Correa in Nestlé acquisition Eloise Hardy Chilean law firm Carey has helped food multinational Nestlé acquire local premium chocolate company La Fête Chocolat for an undisclosed value. Vicuña Abogados advised La Fête Chocolat and Ugarte & Correa acted as antitrust counsel. The deal was signed on 23 December. With the investment, Nestlé strengthens its presence in the luxury chocolate market. La Fête Chocolat will retain its current management ...

Mesoamerica buys remaining stake in Chilean food chain operator Eloise Hardy Carey has helped private equity investor Mesoamerica acquire the remaining 25% stake in Chilean food chain operator Unifood, becoming its sole stakeholder. Gamboa, Fuenzalida, Sanfeliú y Ugarte Abogados advised Unifood. The deal closed on 21 October for an undisclosed value. Mesoamerica already owned a 75% interest in Unifood, after buying the stake back in 2016 ...

Chilean financial cooperative makes US$1 billion global issuance Eloise Hardy Clifford Chance LLP in London and Philippi Prietocarrizosa Ferrero DU & Uría (Chile) have helped Chilean financial cooperative Coopeuch issue notes for US$1 billion. Linklaters in New York and London and Chile’s Carey advised the underwriters. The deal closed on 13 October ...

The fourth quarter has brought about an intense boost in the Venture Capital industry in Chile. Future Positive Invest in The Not Company The Future Positive company invested in the Chilean enterprise, The Not Company (NotCo), with an interesting figure of USD 85 million ...

South African hotel chain divests casino in Chile Chile’s CMS Carey & Allende has helped local investment group Nueva Inversiones Pacífico Sur (ISP) buy the remaining shares in Chile’s largest casino operator, giving it full ownership of the company. ISP bought the shares from South African hotel chain Sun International for US$160 million. The seller relied on Carey for the deal, which closed on 20 August ...

Carey and Claro & Cía help complete solar PPAs in Chile Emily Darby Carey has helped multinational power company Sonnedix’s Chilean business Atacama Solar seal two separate power purchase agreements (PPA) with Chilean miner Collahuasi and local power company AES Gener. Collahuasi relied on in-house counsel, while AES Gener enlisted local firm Claro & Cía. The deal was announced on 29 July ...

Last week, Marcos Ríos, partner of Carey, was appointed Vice Chair of the American Bar Association (ABA) International Law Section FY 2020-21, a position that will lead him to become Section Chair-Elect (2021-22), and Section Chair (2022-23). Marcos will be the second non-US citizen to be Chair of an ABA entity since the ABA’s establishment in 1878. The International Law Section has over 11,000 members and the ABA over 400,000 ...

Sacyr gets loan to snap up water assets in Chile Emily Darby Sacyr gets loan to snap up water assets in Chile Credit: shutterstock.com/hxdyl Larrain y Asociados has helped the Chilean water utilities subsidiary of Spanish construction group Sacyr buy Singaporean counterpart Sembcorp’s Chilean assets for US$40 million, and obtain a credit line to fund the acquisition. Carey advised the seller, while lender Scotiabank enlisted Garrigues (Chile) for the financing ...

State Grid gets triple financing to buy Sempra's Chilean assets Eloise Hardy Chile’s Carey has helped Chinese utilities company State Grid obtain three credit agreements worth a total of US$320 million to fund its acquisition of Sempra Energy’s Chilean assets. Baker McKenzie (Chile) helped HSBC grant one of the loans, worth US$70 million ...

“Jaime Carey’s ability to break new ground and cultivate long-lasting tradition in equal measure is what makes him stand out from the crowd(…) a man who knows the value of applying a business savvy approach to law firm management, while never losing sight of what he believes truly matters.” Latin Lawyer. In February, Latin Lawyer announced our partner Jaime Carey's award as "Law Firm Leader of the Year ", recognition of which we are very proud ...

Through these difficult times, Carey remains committed to develop and strengthen its relationship with the Chinese market. In doing so, we are happy to announce the launching of Carey’s official WeChat corporate account, where we will share with you important news, legal developments, and investment opportunities ...

Chilean fund manager CMB and French investment company Ardian purchased a minority stake in two toll roads in Santiago. The seller, U.S. asset management company Brookfield Infrastructure Partners relied on Carey for the deal, which closed on 6 February, 2020. The value of the deal remains confidential. The transaction gave CMB and Ardian a 33% joint stake in the Vespucio Norte Express and Túnel San Cristóbal toll roads ...

To safeguard the health and well-being of our team and clients, and in accordance with the recommendations made by the Government of Chile in the face of the evolution of the coronavirus pandemic in our country, Carey has intensified its response to this situation. As of this week, most of our firm members are working remotely. This decision will not affect in any way the quality or speed of our service ...

Dear Business Partners, Given the current situation Chile is facing, due to the COVID-19 outbreak, both the Immigration Department as well as International Police have suspended their services to the public until next April 7. On the other hand, the Civil Registrar’s Office will only assist foreigners having requested a previous appointment ...

We are very proud to announce that our partner, Jaime Carey, has been recognized as “Law Firm Leader of the Year” by the international publication, Latin Lawyer. “Jaime Carey leads the Chilean powerhouse that has dominated the Chilean legal market for decades. He has steered Chile’s largest firm from success to success, pushing it to innovate and invest heavily in technology to constantly break new ground in its legal service offering”, says Latin Lawyer ...

Carey elected Patricia Silberman and Manuel José Garcés as new partners of the firm this month. Thus, the firm formed by more than 270 professionals in their legal area will be directed by 34 partners. Patricia focuses her practice mainly on mergers and acquisitions, corporate and commercial law, national and international financing and capital markets. She graduated from Universidad de Chile and holds an LL.M. from the University of Pennsylvania ...

On September 9th, an inaugural event launched the construction of the complex that will receive delegates from 196 nations and U.N. members who will participate in the Conference of the Parties number 25 (COP 25) of the United Nations Framework Convention (UNFCCC). The conference is organized in response to climate change, and will take place in Chile this December. In addition, the agenda for the civil society was announced by President Sebastián Piñera on the same day ...

One out of two women surveyed and one out of three men say they have suffered bullying at work, and one out of three women and one out of fourteen men say they have been harassed in a work context, according to the results of a global study on intimidation and sexual harassment in the legal industry conducted by the International Bar Association. The investigation was carried out in 135 countries, covering nearly 7,000 individuals from legal firms, companies, the judiciary and others ...

Senior executives from Mainstream Renewable Power Chile and lawyers from Carey and Morales & Besa, marked the kickoff of the financing of the second portfolio of the Mainstream Renewable Power renewable energy project platform called Huemul. This portfolio, which includes three wind and two solar projects for a total of 621 MW, involves a bank financing of around US$550 million ...

Lorena Pavic, a member of Carey's Antitrust and Regulated Markets and Public Law groups, was chosen as a new member of Carey’s Executive Committee. Lorena joined Carey’s administrative committee, which also includes Jorge Carey, Jaime Carey, Alfonso Silva and Salvador Valdés. Lorena, a lawyer who received her degree from the University of Chile, where she graduated with honors, began working at Carey more than 20 years ago and has been a partner for 10 years ...

We are very proud of the recognitions we received last month. We were awarded Best Chilean Firm by the "Americas Women in Business Awards", which highlights the best initiatives and firms by country and region. The awards are organized by the international publication Euromoney Legal Media Group, and this year, the ceremony was held at Essex House in New York, where the best firms, work teams and individual lawyers were recognized ...