Carey
(The following information was supplied by the firm)
Carey is largest full-service law firm in Chile, with more than 280 legal professionals. The corporate, litigation and regulatory groups have highly-specialised attorneys covering all areas of law.
Clients include some of the world’s largest multinationals, international organisations, and some of the most important local companies and institutions. In 2012 and 2022, Carey was selected as “Latin American Law Firm of the Year” by Chambers Latin America. The firm is member of the Pacific Rim Advisory Council, World Services Group, Terralex, The Interlex Group, Employment Law Alliance, RIELA, and Aliança de Advocacia Empresarial.
Main Areas of Practice:
Antitrust and Regulated Markets
Carey has one of Chile’s most recognized antitrust and regulated markets practice, being constantly highlighted as a leading firm in the field. The group offers innovative solutions to the full range of competition and regulated market issues, focusing on cartel and abuse of dominance investigations and litigation, and in merger control clearance.
Carey’s Antitrust and Regulated Markets team has participated in some of the most relevant litigation cases in Chile, including both contentious and non-contentious procedures before the Antitrust Court (TDLC) and the Supreme Court. In addition, it has a proven track record of having secured clearance of several complex domestic and multi-jurisdictional mergers, acquisitions and joint ventures before the National Economic Prosecutor’s Office (FNE) under the merger control regime.
Carey also has an extensive experience advising companies on both antitrust and regulatory internal audits, aiming to identify potential compliance issues and regulatory risks. Likewise, the firm constantly helps its clients in the design of tailored antitrust compliance programs and codes of practice.
Banking and Finance
Carey advises creditors, investors, and borrowers on all types of banking and financial transactions, as well as on regulatory matters.
- Advice to clients: Representation in bilateral or syndicated loans, liability management, public and private offers and placements of capital and debt, securitizations, project financing; structured products and operations with derivatives.
- Regulatory consultancy: Advice on regulatory matters and processing of applications before the competent authorities.
- Updating of regulations: Participation in initiatives to update laws and regulations in Chile, advising the Central Bank of Chile, the Financial Market Commission, the ministries of Finance and Economy and the Chilean Banking Association.
Mergers and Acquisitions
Carey is a leader in structuring mergers and acquisitions, advising multinationals, funds and foreign companies, local and Latin American companies.
- Integral advise in negotiations: Assistance in structuring of taxes, financing, corporate governance, collaborative agreements (joint ventures, strategic alliances) and commercial relationships.
- Extensive experience in mergers and acquisitions: Experience in takeovers, minority share purchases, acquisitions of companies in various jurisdictions, private equity, regulated industries and insolvency.
- Corporate governance expertise: Assistance to public and private companies in compliance under local law, shareholders agreements, governance policies, related party transactions, board and committee composition, succession and removal processes and crisis management.
Energy
Carey has extensive experience on energy, gas and oil projects, including coal, natural gas, hydroelectric, LNG, solar, wind, geothermal, FSRU and FSU.
- Full range of services in regulatory issues, project development, supply and infrastructure use agreements, financing, mergers and acquisitions and joint ventures.
- Advice on biddings:Â Assistance on bidding processes, both public and private, for electric, oil and gas supply, and construction of electric transmission lines.
- Regulatory experience: Assistance on drafting of local bills and regulations, including Law 20 / 25, the “Electric Public Highway†and the SIC – SING interconnection.
Environmental Law and Litigation
Carey advises clients on all areas of environmental law, including administrative disputes, litigation, audits, analysis related to land use and environmental responsibility. Carey’s practice of environmental experts also advises clients on obtaining permits in all aspects related to the Environmental Impact Assessment System (SEIA).
The firm has extensive experience advising on due diligence processes, compliance with international standards, financing processes, ESG related matters, waste management (EPR Law), relationship and negotiation with communities including legislation that relates to indigenous people and, particularly, the application of Convention 169 of the International Labor Organization.
Among the clients of the firm are national and international companies of diverse productive activities, including energy and mining companies, manufacturing companies, financial institutions, and non-governmental organizations dedicated to the preservation and conservation of nature.
Insurance and Reinsurance
Carey has a long tradition of representing leading Chilean and global insurers, reinsurers, financial institutions, brokers and insured businesses, on regulatory, corporate, transactional/M&A and dispute resolution matters. Carey has assisted some of these clients on the insurance industry’s largest M&A deals in Chile and continues to provide advice to many of them on their ongoing regulatory, corporate, litigation, finance, transactional and tax matters, including serving as advisor and conducting their day-to-day relationship with the insurance regulator. Carey also has substantial expertise working alongside insurance and reinsurance companies and brokers, representing lenders or borrowers in connection with project finance insurance packages. In addition, Carey advises leading international banks and financial institutions on the design, implementation and marketing of new insurance products and instruments.
The firm also has significant experience in insurance claims, including preliminary loss and claim analyses, filings, loss adjustments, negotiations, and dispute resolution processes.
Intellectual Property
The protection of intangible assets has become one of the most critical legal areas as companies continue to expand and protect their technologies, brands, products, data, and services.
Carey, a market leader in Intellectual Property matters in Chile, provides strategic, commercial and litigation advice to a wide range of companies in the energy, infrastructure, mining, transportation, technology, life sciences, and healthcare sectors.
The Intellectual Property group advises clients with a multidisciplinary approach, identifying and protecting their intellectual property rights at each stage of the innovation lifecycle.
The vast majority of the team’s lawyers have specialized studies in IP, both in Chile and abroad. The same applies to patent specialists who have advanced scientific degrees, which they combine with a deep and technical knowledge of the industry. The group works closely with Carey’s litigation and public law departments.
Litigation and Arbitration
Carey is nationally renowned for excellence in assisting its clients on the resolution of complex civil and commercial lawsuits, conflicts between shareholders, insolvency and reorganisation of companies, environmental and sanction procedures, criminal trials, construction and disputes related to concessions, national and international commercial arbitrations, among others.
The team also has extensive experience in national and international commercial arbitrations, under the most diverse international regulations, as well as in investment arbitration. Carey’s dispute resolution practice is one of the largest in the country, with a group of lawyers dedicated exclusively to litigation.
Mining
Carey advises mining companies of all sizes, both Chilean and foreign, on the exploitation of metallic and non-metallic minerals on all the stages of their project.
- Legal expertise: Carey’s team is recognized for its extensive legal knowledge of the mining industry, including regulatory aspects, water, and surface rights, and environmental and community matters.
- Negotiation of contracts: Carey has extensive experience in the negotiation of mining contracts, including complex agreements related to the financing of mining projects.
- Litigation: The team has a vast experience in diverse litigation related to mining.
Tax Law
The firm’s Tax Group has positioned itself as one of the most recognized tax practices in Chile. It is formed by an interdisciplinary group of lawyers and certified accountants with experience both in Chile and abroad.
The firm is constantly involved in the structuring of the most important and complex, national and international transactions, tax litigation, family holdings and tax due diligence processes, with a practical approach which aims to give clients specific and comprehensive solutions.
Telecommunications Media and Technology
Carey specializes in all matters related to telecommunications, media and technology projects and services, including technology contracting, net neutrality, the Internet of Things (IoT), online content transmission (OTT), online platforms, cloud technologies, robotics, blockchains, smart contracts, algorithms and artificial intelligence. The firm has extensive regulation experience including advice on implementing new technologies and software that integrate communications through devices and infrastructure, such as antennas, cables and fiber optics, satellites, mobile phones, radios, servers and tactical technologies, among others.
In addition, Carey has experience in procedures to obtain concessions, licenses and permits for telecommunications services, their amendments and cancellation. This includes mobile and fixed communications, telecommunications infrastructure, satellite services, data transmission, radio communications, M2M, VoIP, link concentration, long distance communications, radio, open television, digital and cable television, broadcasting, etc. Carey also has broad experience in representing TMT clients before the government regulatory authorities, in the filing of applications to obtain equipment, devices and technology certification, and in the drafting and negotiation of interconnection agreements among operators.
In regard to technology contracting, Carey advises its clients on software licensing and implementation, electronic signature, e-commerce platforms, open source licensing and contracting under agile development methodologies.
Carey’s media practice focuses on transactions in the entertainment industry, generation, and publication of content. The firm has in-depth knowledge on both the Chilean regulation of the relevant forms of content (traditional and disruptive), as well as regulations applicable to the infrastructure through which this content is transmitted.
Key Contacts
President Emeritus:
Jorge Carey
jcarey@carey.cl
Senior Partner:
Jaime Carey
jacarey@carey.cl
Managing Partner:
Pablo Iacobelli
piacobelli@carey.cl
Media Contact:
Magdalena Engel
Communications Manager
mengel@carey.cl
Firm Rankings
Administrative & Public Law
Band 1
9.0
Arbitration
Band 2
8.0
Banking & Finance
Band 1
Capital Markets
Band 1
Capital Markets: Debt
Band 1
Capital markets: Equity
Band 3
7.0
Competition/Antitrust
Band 1
Compliance
Band 1
Consumer Law
Band 1
Corporate Governance
Band 1
Corporate Investigations
Band 1
Corporate/M&A
Band 1
Data Protection
Band 1
Dispute Resolution
Band 1
Energy
Band 1
Energy & Natural Resources
Band 1
Environment
Band 1
9.0
FinTech
Band 1
9.0
Infrastructure
Band 1
Insurance
Band 1
9.5
IP
Band 1
IP: Patents
Band 1
IP: Trademarks
Band 1
IP: trademarks: Contentious
Band 1
IP: Trademarks: Prosecution
Band 1
Labour & Employment
Band 1
9.5
Life Sciences
Band 1
Litigation
Band 1
9.0
Mining
Band 1
Private Equity
Band 1
Private Wealth Law
Band 1
Projects
Band 1
Real Estate
Band 1
9.0
Real Estate & Tourism
Band 1
Restructuring & Insolvency
Band 1
Tax
Band 1
TMT
Band 1
Trade/WTO
Band 1
Venture Capital
Band 1
White-Collar Crime
Band 2
8.0
Leading Lawyers
Articles
By Pablo Lacobelli, and Jaime Coutts – Carey y Cia 1. What main trends do you anticipate will shape the M&A landscape in 2025, especially in terms of industry focus and geographic activity? Pablo Iacobelli and Jaime Coutts (Chile):Â During 2025, the recovery of M&A activity in Chile should continue, so we anticipate a very good […]
By: Carey. On December 24, 2024, the Official Gazette published Decree with Force of Law No. DFL N°1-21.663, dated October 30 of the same year, which establishes the entry into force of Law No. 21.663 Cybersecurity Framework Law and the commencement of activities of the National Cybersecurity Agency (ANCI). Established deadlines Commencement of ANCI activities: January […]
By Carey, for Chile, published by WSG. INTRODUCTION  Is merger control regulation in force?  Yes, Law No. 20,945 published on August 30, 2016, amended the Chilean Antitrust Regulation (Law Decree No. 211 – “DL 211â€) incorporating, among other modifications, an ex-ante mandatory merger control regime. HOT TOPIC 1: GUN JUMPING 1. Can the notifying parties […]
Cybersecurity Framework Law Regulations is submitted for Public Consultation. By Carey The National Cybersecurity Coordination, a unit of the Undersecretary of the Interior responsible for coordinating the actions of public agencies in cybersecurity and recommending to the President of the Republic policies, laws, regulations, protocols and standards in this area, recently put two of a series […]
An agreement to facilitate trade and investment Written by MatÃas Vergara,Francisco León,Consuelo Gálvez,Florencia MartÃnez, Carey y Cia Chile and the United Arab Emirates signed the Comprehensive Economic Partnership Agreement (the “Agreementâ€), which includes twenty-one chapters addressing several commercial and trade related aspects. This Agreement aims to strengthen and promote the existing economic relationship between both countries […]
Tax Compliance Law. Written by: Guillermo Acuña, Pablo Albertz, Carey y Cia, Chile. With the enactment of Law No. 21,713 on October 24, 2024, a temporary, voluntary system for declaring foreign-held assets or income is established, available from November 1 to November 30, 2024. Within this framework, several provisions strengthen measures to prevent money laundering […]
Ministry of Health modifies message AUTHORS: Ignacio Gillmore, Cristina Busquets, Carey y Cia  On October 10, 2024, Decree No. 24, which “Determines the Characteristics of the Message Promoting Healthy Lifestyle Habits contained in the Advertising of those Foods Indicated†(“Decree 24â€), was published in the Official Gazette. In general terms, Decree 24 comes to replace Decree N°1/2017, which […]
CMF publishes for public consultation a proposal under the Fintech Law Written by Diego Peralta, and José Luis Enberg, Carey y Cia On October 14, 2024, the Financial Market Commission (“CMF“) published for public consultation a regulatory proposal (the “Regulatory Proposalâ€) aimed to amend certain rules applicable to the registration and authorization of financial service […]
By Carey y Cia On August 17th, 2023, Law No. 21,595 on Economic Crimes (the “Law“) was published in the Official Gazette. The publication of the Law brought with it several innovations of socioeconomic order, among which the following stand out, the systematization of the offenses related to the business activity under four categories […]
Under the Economic Crimes Law is published.  Carey y Cia.  On July 1, 2024, the Ministry of Justice and Human Rights approved Regulation No. 97, which governs the supervision of legal entities within the framework of Law No. 21.595 on Economic Crimes. This regulation introduces a supervision system as a preventive and corrective measure […]
Free Consent. One of the great innovations that will bring the new Data Protection Law is the establishment of a new legal basis, leaving behind the consent-law binomial. Notwithstanding the above, the new law will recognize the extreme relevance of the data subject’s consent and regulate in depth the necessary requirements for a “valid consent”. […]
On August 17th, 2023, Law No. 21,595 on Economic Crimes (the “Law“) was published in the Official Gazette. The publication of the Law brought with it several innovations of socioeconomic order, among which the following stand out, the systematization of the offenses related to the business activity under four categories of criminal offenses; the creation […]
One of the great innovations that will bring the new Data Protection Law is the establishment of a new legal basis, leaving behind the consent-law binomial. Notwithstanding the above, the new law will recognize the extreme relevance of the data subject’s consent and regulate in depth the necessary requirements for a “valid consent”. This will […]
On July 5, 2024, the Financial Market Commission (“ CMF â€) updated the “Frequently Asked Questions†document associated with General Rule 502 (“ NCG 502 â€) that regulates the registration, authorization and obligations that financial service providers under Law No. 21,521 (“ Fintech Law â€) must comply with . The foregoing, for the purpose of establishing guidelines under which the creation […]
On July 1, 2024, the law that creates the Temporary Emergency Fund for fires and establishes other measures for the reconstruction of ValparaÃso (“Lawâ€) came into force. This law contemplates the creation of a new Substitute Tax for Final Taxes (“ISFUTâ€), which allows the payment of final taxes (i.e., Global Complementary Tax and Additional Tax) […]
On December 15, 2023, the Financial Market Commission (“CMFâ€) published for public consultation a regulatory proposal that will complement the proposed implementation regulation (the “Original Proposalâ€) of Law No. 21,521 (“Fintech Lawâ€). The Original Proposal (which´s public consultation process ended on November 10, 2023) did not establish necessary regulation related to the operational capacity accreditation requirements […]
On December 12th, 2023, the Chamber of Deputies approved in the second constitutional procedure the bill that “Establishes a Framework Law on Cybersecurity and Critical Information Infrastructure” (the “Bill“). On the same date, the Bill was sent to the Senate and advanced to the third constitutional stage, with all the amendments of the reviewing chamber being […]
By means of Agreement No. 33/2023 dated November 3, 2023, the Council of Ministers for Sustainability and Climate Change approved the proposed Supreme Decree that establishes collection and recovery goals and other obligations associated with the priority product lubricating oils (the “Decree“) prepared by the Ministry of the Environment (the “MMA“). According to the Decree, […]
On November 3rd, the Ministry of Labor and Social Security published Decree No. 36 (the “New Decree“) in the Official Gazette. This decree amends Supreme Decree No. 64 of 2017, issued by the Ministry of Labor and Social Security (the “Decree No. 64“), which approves the Regulation of Chapter II of Law No. 20.015 “on […]
Internal investigations are an integral part of organizational management, with the objective of determining the occurrence of wrongdoing, misconduct, or non-compliance within the company. Through these internal investigations, companies can wield their disciplinary powers, identify risks, design measures to control them, enhance the internal compliance culture, and mitigate the liability of the organization and/or its […]
According to Supreme Decree 12 dated June 8, 2020, issued by the Ministry of Environment (“DS 12/2020”), on September 16, 2023, collection and recovery goals and ancillary obligations for producers of containers and packaging (the “Producers“) within the context of Law 20,920 (“EPR Law“) become enforceable. DS 12/2020 establishes, among others, the following obligations for the Producers: […]
On August 29, 2023, the Financial Market Commission (“FMCâ€) published, for public consultation, the proposal of a new Chapter 1-19 of its Updated Regulations Compendium (the “Regulation Proposalâ€), with the purpose of ruling three key aspects regarding banking regularization whose regulatory treatment was pending, i.e.: the way and term for banks to communicate to the […]
Chile’s Ministry of Public Works (MOP) announced 11 new projects that will be constructed throughout the country. This announcement is the first call for public works tenders since the beginning of President Boric’s term in office. The portfolio of concessions planned for 2023 calls for investments totaling USD 5.8 billion. Concessions included in the portfolio: […]
Chile allows for three main types of legal entities to be used as business vehicles, all of which grant limited liability to their shareholders or partners: Limited liability partnerships (sociedades de responsabilidad limitada or “SRLâ€), stock corporations (sociedades anónimas), and company by shares (sociedades por acciones or “SpAâ€). The SRL requires a minimum of two […]
On June 15, 2023, Law No. 21,577 (hereinafter, the “New Law”) was enacted, which strengthens the prosecution of organized crime offenses, establishes special techniques for their investigation, and reinforces the confiscation of profits. The New Law modernizes the current criminal offenses related to organized crime and, at the same time, incorporates and improves the specialized […]
On May 30, 2023, the Expert Commission concluded the vote on the preliminary draft of the New Constitution, sending it to the Constitutional Council for discussion. After having reached cross-party agreements on most of the proposed amendments to the first draft, the Expert Commission approved in Plenary Session the text of the preliminary draft, which […]
“¿Estarán preparadas las empresas para adecuar sus procedimientos y modelos de negocios a este giro copernicano? Y, por cierto, ¿lo estarán los titulares de los datos personales?”. Por: Stefano De Cristofaro, abogado italiano experto en GDPR y asociado de Carey El 8 de mayo la Cámara de Diputados y Diputadas aprobó en segundo trámite constitucional, […]
Trademarks registered in Chile must be actually and effectively used in the market as a condition to maintain their validity. In this way, Chilean legislation is aligned with international standards in this matter, ceasing to exist registered trademarks with merely defensive purposes or with the aim of blocking the entry of a competitor to the market. […]
On April 19th 2023, Law No. 21.553 which regulates paid passenger transportation applications and the services provided through them was published in the Official Gazette. The Law includes important provisions regarding the protection of consumers of passenger transportation services, making the sphere of protection of Law No. 19.496 – Consumer Protection Act (“CPAâ€), applicable to the […]
On April 21st, 2023, the Public Health Institute (“ISP”) issued Exempt Resolution No. 1020, which approves the “Technical Guidelines on recommendations for the labeling of cosmetic products” (the “Guideâ€). In the Guide, the ISP indicates that, as a result of surveillance activities, they have detected faults in the information that the labeling of cosmetic products should contain, […]
On Tuesday, February 21, 2023, Decree Nº318/2022 of the Chilean Ministry of Foreign Affairs was published in the Official Gazette, enacting the “Comprehensive and Progressive Agreement for Trans-Pacific Partnership” (CPTPP), which has entered into force as of that date. The treaty seeks to promote the economic integration of the parties, generating a common framework for […]
The Public Health Institute (“ISP”) approved -by means of Ex. Res. No. 369/2023- a new guideline regarding the performance of post-authorization safety studies of pharmaceutical products (the “Guideline”). This arises as an attempt to overcome the current regulatory gap caused by the lack of recommendations that provide concepts or technical guidelines allowing the development of […]
On 16 January 2023, the Financial Market Commission (“CMF“) published in its web site and invited to submit comments to a regulatory proposal involving the issuance of two rules: (i) the general rule that will regulate the requirements and procedures for registration in the Registry of Financial Services Providers (the “RPSF“) and (ii) the general […]
Commission for the Financial Market begins implementation of Fintech Law and opens consultation on new regulation On January 16, 2023, the Commission for the Financial Market (“CMFâ€) announced the beginning of the implementation of Law No. 21,521, known as the “Fintech Lawâ€, which will come into force on February 3, 2023. The entry into force […]
n December 13th, 2022, Decree No. 84 was published in the Official Gazette approving the Regulations governing mediation, conciliation, and arbitration in consumer matters, which will enter into force six months after publication, that is, on June 23rd, 2023. The issuance of this regulation is framed in the recent entry into force of the Pro-Consumer […]
On December 12, 2022, most political parties and movements with parliamentary representation signed the “Agreement for Chile” (the “Agreement”), through which they commit to enable a new constituent process to have a new Constitution for Chile. This Agreement arises from the will of the different political forces to give a democratic course to the creation […]
On November 9, 2022, the Financial Market Commission (“CMFâ€) published General Instruction No. 2,325 which updates the regulations on the prevention of money laundering, financing of terrorism and non-proliferation of weapons of mass destruction (“New Instructionâ€) applicable to: (i) banks (including their subsidiaries and support companies); (ii) savings and credit cooperatives; (iii) and payment card […]
After one year of processing, last October 12, Chilean Congress passed the Fintech Law initiative (the “Fintech Law”). The speed in the processing of this bill responds to the need to give legal certainty to the Fintech of companies, given their growth in recent years and their importance as a tool for strengthening the national […]
Law No. 21,488 sanctions the crime of timber theft On September 27th, 2022, Law No. 21,488 was enacted, incorporating new crimes in the Chilean Criminal Code sanctioning the theft of timber. The new regulation, in its first article, adds the “Paragraph IV ter. of the theft of timber” in the Chilean Criminal Code to grant […]
On August 30, 2022, and upon a public consultation opened in the context of a process of modernization of its foreign exchange regulations, the Central Bank of Chile added a new Chapter III to its Foreign Exchange Regulations Compendium (“FERCâ€). The amendments introduced aim to allow a more expedite access to the Formal Exchange Market, to financial […]
Through an announcement issued by the Ministry of Finance, Mario Marcel, the government presented the general outlines of its tax reform proposal. This reform would consist of four bills (two of which would be submitted to Congress during July, and the remaining ones during the fourth quarter), which will be relevant to know in order […]
GeopolÃtica y energÃa se encuentran intrÃnsecamente ligados en el contexto del conflicto entre Rusia y Ucrania. Uno que conoce bien el tema es el abogado José Miguel Bustamante, socio del área de EnergÃa del estudio jurÃdico Carey. Aquà sus respuestas a tres preguntadas enfocadas en el ámbito local. Joe Biden lanzará al mercado 180 millones […]
The National Consumer Service (“SERNAC“) recently issued an “Interpretative Circular on native advertising and influencers” (the “Circular“), setting forth general guidelines on regulation, legal principles and good practices to the native advertising mechanism and the influencers. This Circular addresses the proliferation of unconventional advertising mechanisms, such as the implementation of native advertising and the emergence […]
Recently, the National Consumer Service (Sernac) issued two guidelines with relevant provisions regarding the processing of personal data. I Interpretative Guideline on fairness criteria contained in standard form agreements referring to the collection and processing of personal data. Sernac proposed the control and supervision of the clauses and stipulations contained in standard form agreements normally […]
Recently, the National Consumer Service (Sernac) issued two guidelines with relevant provisions regarding the processing of personal data. I Interpretative Guideline on fairness criteria contained in standard form agreements referring to the collection and processing of personal data. Sernac proposed the control and supervision of the clauses and stipulations contained in standard form agreements normally […]
Law No. 21.441 extends the duration of paid leave for employees in case of death of close relatives May 12, 2022 On May 9, 2022, Law No. 21,441 (hereinafter, the “Law”) was published in the Official Gazette, which amends Article 66 of the Labor Code regarding the paid leave in case of death of certain […]
On April 21, 2022, a public consultation process on new access requirements and operating rules for the Formal Exchange Market was opened, in the context of the third stage of the modernization of the Central Bank’s exchange regulations. The main goals of the intended changes at this stage are the following: First, to facilitate the […]
As announced by the Trademark and Patent Office (“INAPIâ€) in the context of the day of Intellectual Property, the amendments to Law No. 19,039 on Industrial Property will come into force on Monday, May 9, 2022, through the publication in the Official Gazette of its application regulations, which have been approved by the Comptroller General of […]
On March 21, 2022, Congress approved the bill of law entitled: “Requires the execution of a contract, in the terms indicated, between Professional Sports Corporations and athletes who are part of the National Women’s Soccer Championship”. The provisions of the approved bill, in addition to updating the language used in the Labor Code, will be […]
On February 4, the extract of General Instruction No. 61 of the Financial Analysis Unit (hereinafter the “New General Instructionâ€) was published in the Official Gazette, which details the obligations of the country’s anti-money laundering and anti-terrorist financing regulations that apply to the representative offices of foreign banks in Chile (hereinafter “Representative Officesâ€), in their […]
On February 12, 2022, the Regulation of Law No. 21,325 on Migration and Foreigners (the “Regulationâ€) was published in the Official Gazette. In turn, Law No. 21,325 on Migration and Foreigners (the “New Lawâ€) was enacted and published in the Official Gazette on April 20, 2021, however its entry into force was subject to the […]
On December 31, 2021, The Chilean Ministry of Public Works published one of the last calls for bids before closing 2021, corresponding to the modernization and improvement of the current Route 68. The 140.7 km project will connect the municipalities of Santiago, ValparaÃso and Viña del Mar and has a budget of approximately US $ […]
On October 27, the Ministry of Science presented what will be the first National Artificial Intelligence Policy containing the strategic guidelines to be followed by the country over the next 10 years with the aim of empowering people in the use and development of Artificial Intelligence (AI) tools and participating in the debate on their […]
Paulina Silva and ElÃas Mohor The pandemic revealed a great need to perform acts and contracts remotely, avoiding having to meet to sign the instruments or appear before a notary. This increased doubts about the regulation of electronic signatures, especially to understand under what circumstances it can be used and when it cannot. In this article we briefly […]
LatinFinance chose as the “Bond of the Year” the US$489 million bond issued in 2021 by Chile Electricity PEC SpA governed under Rule 144A/Regulation S of the Securities Act of 1933 of the United States of America, which allowed electricity generation companies to monetize their accounts receivable derived from Law No. 21,185, on temporary stabilization of […]
On September 3, the executive branch of Chile´s government presented to Congress the anticipated draft of the “FinTech Law”, the new regulation that proposes a legal framework applicable to FinTech companies in Chile (the “Bill“). Until now, FinTech companies in Chile have operated without their own or specially designed legal framework, which has generated a […]
August 19, 2021On August 18th, 2021, Law No. 21,362 (the “Lawâ€) was published in the Official Gazette. The Law introduces several modifications to other laws in connection with the labeling, advertisement, and sales of gluten free foodstuff products. Firstly, the Law modifies Law No. 20,606, commonly known as the Labeling Law. In general terms, […]
July 21, 2021 In order to promote the development of clean energy, the Chilean Government is preparing new public tenders of state-owned land, to award lots in 20 different properties (see summary table at the end). This offering is significant because more than 40% of the installed capacity in renewable energy generation is on state-owned land. […]
On June 1st, 2021, Law No. 21,342 (hereinafter, the “Lawâ€) was published in the Official Gazette, establishing protocols for occupational health safety and a mandatory health insurance for safe, gradual return to presential work. The above, in the context of the health alert caused by the Covid-19 disease in Chile. The main implications of the […]
On December 21, 2020, the National Energy Commission (CNE) approved Exempt Resolution No. 478 which provides the definitive Tender Rules for the Public Tender Process for the supply of energy and power to distribution companies that will take place this year. As stated by the CNE, these rules include the following changes, with the purpose […]
2020 has put every country in the world under maximum pressure. Not only every nation’s political, economic, and social systems have been harshly tested, but also public health systems, education, and every other angle of society has had to navigate through turbulent and unknown waters. Chile has been no exception to these phenomena, which obviously […]
May 8, 2020 Update on Travel Permits: Instructions for their requesting in the Mining Industry. Together with safe conducts, granted to circulate during curfew periods, and that are applicable for all the national territory, only for those boroughs subject to total quarantine by the Government, the Ministry of Internal Affairs and Public Security issued Instructions […]
In the context of COVID-19, on April 20, 2020, the Undersecretary of Fishing and Aquaculture (“Subpescaâ€) issued Resolution No. 1068 (“Res. 1068â€), wich provides the extension in a month, of the terms for sanitary rests and harvest regulated in articles 23 Ñ and 23 R of Supreme Decree No. 319/2001, Sanitary Regulation for Aquaculture, in […]
(Santiago, Chile, May, 2020) Upon the sanitary emergency triggered by COVID-19 and the consequential slowdown for commerce and the economy in general, it is likely that many companies will lack the liquidity to face payments for their creditors, suppliers, personnel, etc. In the face of such an issue, companies might ensure financing via short-term loans, […]
Press Releases
With the aim of expanding women’s access to housing loans, the International Finance Corporation (IFC) participated on two financings for banking financial entities for USD400 million. Through these agreements, some banking institutions will be able to expand their housing loans with a special focus on women. This initiative is aligned with the World Bank’s gender […]
The first Chilean to hold the position. Jaime Carey, Executive President of Carey, the largest law firm in Chile, has been appointed President of the International Bar Association (IBA), a position he assumed on January 1, 2025. This is the first time a Chilean lawyer has held such a significant position in the IBA, and […]
Spanish renewables group Grenergy has enlisted Clifford Chance LLP in Madrid and Carey in Santiago to obtain a US$299 million green financing to fund the development of a hybrid renewable project in Chile, which is set to become the world’s largest solar battery storage project. The lenders relied on Garrigues (Chile) in Santiago for the […]
On the granting of housing loans to women in Chile. With the aim of expanding women’s access to housing loans, the International Finance Corporation (IFC) participated on two financings for banking financial entities for USD400 million. Through these agreements, some banking institutions will be able to expand their housing loans with a special focus on […]
As Miami continues to flourish as a hub for Latin American investments, Carey has taken an important step to meet their clients’ evolving needs. The Chilean law firm opened a commercial office in the Floridian city which will be focused on venture capital investments and startup clients, family offices and funds. The office will be […]
Pablo Iacobelli has also been appointed as the new Managing Partner. Jorge Carey, who has led the firm for nearly 50 years, was appointed President Emeritus of the Executive Committee. These appointments were approved by the firm’s partners and are part of the succession mechanism established in the firm’s bylaws. “I am very proud and feel confident […]
Jaime Carey, Managing Partner of Carey, Chile’s largest law firm, has recently joined the Male Champions for Change Ambassador Corps, an initiative created by the International Bar Association (IBA), through its Women Lawyers’ Committee (WLC), aiming to level the playing field in the legal profession and inspire leaders to work to achieve gender equity. This […]
Given the new demands and future challenges that arise for companies and organizations in terms of sustainability, Carey created a specialized site on ESG and sustainability matters. This site aims to contribute to the identification and management of new opportunities and risks presented by environmental, social and corporate governance factors in all types of organizations […]
Prominent administrative law expert, Camilo Lledó, returns to Carey as a new partner Amid the backdrop of Chile’s constitutional debate and intense discussions surrounding reforms to important regulated sectors, Carey has announced that Camilo Lledó returned to the firm as a new partner in the Public Law area. Camilo, who officially joined the firm on […]
Carey has advised Pennsylvania-based pharmaceutical company Viatris on the Chilean aspects of its divestment of intellectual property rights regarding several of its brands in Latin America, which it sold to South Africa’s Aspen Pharmacare for US$280 million. Aspen settled the transaction with a cash payment of US$150 million to Viatris, which was accompanied by an […]
Carey appoints two new counsels Lawyers Valentina Kuscevic and Tomás Varela were elected counsels at Carey, the largest law firm in Chile. With these promotions, the firm, with more than 270 professionals in its legal area, 44 partners, 2 senior counsels, 5 counsels and 3 directors, strengthens its practices of labor and corporate immigration, and […]
Carey has helped Chilean investor LarraÃnVial buy local pharmacy chain Farmacias Ahumada from Wallgreens Boots Alliance, a US-UK holding company that invests in the pharmaceutical sector. The seller and target relied on DLA Piper (Chile). The deal was signed on 16 May for an undisclosed amount. The transaction is subject to antitrust approval by Chile’s […]
Carey and DLA Piper guide LarraÃnVial pharma buy Lily Squires 02 June 2023 Carey has helped Chilean investor LarraÃnVial buy local pharmacy chain Farmacias Ahumada from Wallgreens Boots Alliance, a US-UK holding company that invests in the pharmaceutical sector. The seller and target relied on DLA Piper (Chile). The deal was signed on 16 May […]
After 30 years of experience in corporate immigration for foreigners who intend to reside and/or work in Chile, Carey Visas has added to its services the filing of non-immigrant visas available under the Free Trade Agreement between Chile and the United States for Chileans who are looking to invest, trade and/or work temporarily in the […]
Managing Intellectual Property, one of the most important legal publications in the area, recognized Carey as “Chilean Intellectual Property Firm of the Year.” The Managing IP Awards event, in which the best IP firms of America were chosen, was held at the end of April. Carey was highlighted as the best IP firm in Chile. […]
El estancamiento en el crecimiento económico y las altas tasas de inflación son las mayores preocupaciones a corto plazo. Fortalecer el Estado de derecho, defender la independencia del Poder Judicial y evitar la politización de los tribunales de justicia son los objetivos más crÃticos para Latinoamérica hoy, considera Jaime Carey, socio director de la firma […]
The Spanish Arbitration Club (CEA), the most important arbitration association in the Hispanic world, renewed its Board of Directors in Chile and appointed Gonzalo Fernández, Carey’s partner and member of the ICC International Court of Arbitration, as president. Fernández will replace Felipe Ossa, who completed his term. The Board of Directors in Chile is now […]
Carey has helped Chilean fintech Kredito raise capital through an investment round led by Santiago-headquartered conglomerate Grupo Penta. AlcaÃno Abogados advised Penta and its banking subsidiary Penta Financiero, which also participated in the funding round. Portaluppi, Guzmán & Bezanilla is understood to have provided counsel to venture capital group Amarena, which also put up funds, but […]
Marcos RÃos, a Carey partner, is the new Chair of the ABA International Law Section for Bar Year 2022-2023. Marcos focuses his practice on mergers and acquisitions, corporate and contract law, government procurement, hospitality, and gaming law matters. He studied law at Universidad de Chile, has an LL.M. from Georgetown University, and is admitted to […]
José Ignacio Mercado and Jorge Fuentes were promoted to directors at Carey, the largest law firm in Chile. After these promotions, the firm with more than 270 professionals in its legal area, now has seven directors. José Ignacio Mercado is part of the Data Protection; Telecommunications, Media and Technology; Pharmaceutical and Biotechnology; and Licensing, Franchising […]
The renewable energy branch of Canadian asset management fund Brookfield has turned to Carey to acquire a majority stake in Chilean solar project company Solarity. Prieto advised the seller, Chilean energy-focused holding company Light E, while the Solarity’s co-founders, Horacio Melo and José Luis Carvallo, enlisted EcheverrÃa Ilharreborde Scagliotti. The deal closed on 17 March […]
The renewable energy branch of Canadian asset management fund Brookfield has turned to Carey to acquire a majority stake in Chilean solar project company Solarity. Prieto advised the seller, Chilean energy-focused holding company Light E, while the Solarity’s co-founders, Horacio Melo and José Luis Carvallo, enlisted EcheverrÃa Ilharreborde Scagliotti. The deal closed on 17 March […]
Rodrigo Aldoney has joined Carey to lead the firm’s Criminal Law team as a senior advisor. Rodrigo received his law degree from the Universidad de Chile, and he has a Doctorate in Criminal Law from the Albert-Ludwigs-Universität Freiburg, in Germany, where he also earned an LL.M. In the area of Criminal Law, Carey has extensive […]
As Miami continues to flourish as a hub for Latin American investments, Carey has taken an important step to meet their clients’ evolving needs. The Chilean law firm opened a commercial office in the Floridian city which will be focused on venture capital investments and startup clients, family offices and funds. The office will be […]
On April 1st, Manuel Alcalde became a partner at Carey after serving as the Head of Tax Policy for the Chilean Ministry of Finance for the past three years. Manuel worked as an associate in Carey’s tax department for over 12 years, until 2018, when he left the firm to serve in the government. With […]
Highway concession for USD 892M The Chilean Ministry of Public Works (MOP) finalized the call for tenders for the second concession of Route 78 from Santiago to the port city of San Antonio, also known as Autopista del Sol. The project includes an investment of USD 892 million and a maximum variable term of 30 […]
Attorneys Manuel Alcalde, Francisco Arce and Fernando Noriega were promoted to partners at Carey, the largest law firm in Chile. With these promotions, the firm, which has more than 270 professionals in its legal area, now has 37 partners. Manuel Alcalde is part of the Tax group and focuses his practice on structuring corporate, personal […]
 On April 1st, Manuel Alcalde became a partner at Carey after serving as the Head of Tax Policy for the Chilean Ministry of Finance for the past three years. Manuel worked as an associate in Carey’s tax department for over 12 years, until 2018, when he left the firm to serve in the government. […]
Chile’s diplomatic relations with China began 50 years ago, and Carey law firm has played a pivotal role in supporting the relationships between Chilean companies and the Asian giant. In 2008, Carey carried out the first historic legal advisory to Banco de Chile on a loan provided by the China Development Bank. In 2016, the […]
Carey has given voice to their experience and created a new channel to report on the most relevant issues in the legal world in Chile. The podcasts do not exceed 10 minutes and are featured on the Buzzsprout platform and on Spotify. To date, the firm has three podcasts on Consumer Law, in Spanish, and […]
Francisco Guzmán, a partner at Carey and co-head of the firm’s Venture Capital practice group, has been appointed President of the Chilean Venture Capital Association (ACVC). He will lead the association together with Magdalena Guzmán, Executive Director of ACVC. Part of Francisco’s role will be to raise awareness and deepen understanding of the importance of […]