DEPARTMENT PROFILE

Claro & Cía

Banking & Finance

3 ranked lawyers

Band 1

Chile

Latin America 2022 View ranking table

chambers review

department information

Ranked Lawyers

Chambers Review

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What the team is known for

Claro & Cía is a prestigious full-service firm with a top-tier banking and finance practice. Its experienced team routinely advises on a wide range of matters, particularly project finance involving syndicated loans and complex structured products. Enjoys particular visibility in the market for its corporate focus, assisting with leveraged buyouts of key multinational players, including development agencies and investment banks, as well as corporate borrowers from the energy and aviation sectors. X-Elio and ED&F Man are new client wins.

Strengths

Clients express their appreciation for the firm's service, with one saying: "Their service is excellent and achieves all aims defined under the scope of their services at all times. They are very responsive and diligent in all matters. One of the main features that I would like to highlight is that they are very reliable at all times."

Another respondent notes that "the lawyers at Claro & Cía have their finger on the pulse when it comes to Chilean commercial issues."

Work highlights

Claro & Cía assisted AES Gener and Empresa Eléctrica Cochrane with a loan worth USD875 million to refinance existing project finance agreements.

Notable practitioners

Jorge Martín has expertise in banking and finance mandates and remains a respected figure in this space. He focuses his practice on financing infrastructure projects, as well as the acquisition and divestiture of energy and infrastructure assets.

Key partner José Luis Ambrosy is praised by clients, with one mentioning "his in-depth knowledge and his legal judgement." Another respondent adds: "His work is very impressive. He anticipates and solves all issues that arise during discussions due to his exceptional knowledge." His clients include leading companies seeking to raise finance and foreign and local banks.

Co-head of department Rodrigo Ochagavía commands a solid reputation among interviewees, with one lauding him as "a superb lawyer."He has extensive experience in the field, with a particular focus on regulated sectors such as energy, mining, pension funds, banking institutions and insurance companies.

Department Information

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Overview

Claro & Cia.’s Banking and Finance group is known for the design and structuring of sophisticated financial products and innovative banking transactions, comprising multi-lateral and cross-border financing and supporting its clients in developing and implementing all types of project financing, loans and complex structured solutions. The firm’s services also cover insurance and reinsurance, including financial guarantees.

Our banking and finance attorneys work seamlessly with our mergers and acquisitions, private equity, corporate restructuring, corporate finance and structured finance practices to provide the highest quality advice to our clients in all types of financing transactions. Our clients include a wide range of clients, including local and international commercial banks, investment banks, lenders, private equity sponsors, strategic investors, issuers and borrowers on a broad array of financings, including corporate finance, first and second lien loans, bridge loans, secured and unsecured financing leveraged buyouts, other acquisition financings, working capital and letter of credit facilities, financings for investment-grade and sub-investment-grade borrowers, structured financings and securitization.

Our Banking and Finance group actively participates in projects for the construction of hydro, renewables, power plants, transmission lines and pipelines and assists developers in their financing, partnerships and regulatory needs with respect to green-field projects.