Market: Chile

Chile conditionally approves LATAM-Delta joint venture

Chile’s competition tribunal has greenlit a trans-American joint venture between Delta Air Lines and LATAM Airlines, conditioned on behavioural measures intended to prevent information exchange and potential price increases.

03 November 2021

Familiar names in Codelco’s US$780 million issuance

Cleary Gottlieb Steen & Hamilton LLP in New York and Buenos Aires and Carey in Santiago have helped Chile’s state-owned copper company Codelco raise US$780 million in a bond issuance.

03 November 2021

DLA Piper adds tax firepower in Chile

Highly Recommended firm DLA Piper (Chile) has appointed its first female partner by hiring a tax lawyer from local firm Rojas y Cía.

02 November 2021

Telecoms loan calls on Chilean firms

Garrigues (Chile) has helped local telecommunications company Grupo GTD obtain a syndicated loan of 190 billion pesos (US$232 million).

02 November 2021

Colbún makes US$600 million green bond issuance in Chile

Garrigues (Chile) has helped local utility company Colbún issue US$600 million worth of green bonds to finance the construction of renewable energy projects.

29 October 2021

Peruvian refinery arbitration award survives “side-switching” challenge

A Miami federal court has confirmed a US$40 million International Chamber of Commerce (ICC) award relating to the upgrade of a Peruvian refinery, rejecting a Spanish contractor’s arguments that the proceedings were tainted because two members of its counsel team joined the opposing side’s law firm while the case was pending.

29 October 2021

Larrain and Baker McKenzie in power loan restructuring

Chilean transmission line operator Transchile Charrúa has enlisted Larrain y Asociados to restructure a loan and get new funds, in a deal worth US$115 million.

29 October 2021

Tread carefully to avoid discrimination claims over vaccination status

While successful vaccine rollouts in many Latin American countries have resulted in employees returning to their usual workspaces, panellists at the Latin Lawyer Connect: Labour & Employment conference highlighted that employers should follow local governments’ guidelines around reopening offices to the letter to avoid discrimination claims.

28 October 2021

Chilean HR start-up gets US$50 million injection

Gunderson Dettmer in Silicon Valley and Washington, DC and Guerrero Olivos in Santiago have helped Chilean human resources start-up Buk raise US$50 million in an investment round.

21 October 2021

DLA Piper helps Groupon defeat consumer protection case in Chile

Chilean social network and advertisement platform Needish has hired DLA Piper Chile to defeat claims brought against it by Chile’s Servicio Nacional del Consumidor (Sernac), a government agency responsible for protecting consumer rights.

21 October 2021

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