CHILE LEAGUE TABLES \ FIRM BRIEFINGS Chile PROJECT FINANCE
Highly recommended Morales & Besa Philippi Yrarrázaval Pulido & Brunner
Recommended Carey Cariola Díez Pérez-Cotapos & Cia Guerrero Olivos Novoa y Errázuriz Hernandez & Cia
Notable Bahamondez Alvarez & Zegers
CORPORATE
Highly recommended Philippi Yrarrázaval Pulido & Brunner
Recommended Cariola Díez Pérez-Cotapos & Cia Guerrero Olivos Novoa y Errázuriz Hernandez & Cia Morales & Besa
Notable Albagli Zaliasnik Bahamondez Alvarez & Zegers
Introduction
The Chilean energy market, one of the world’s most expensive, is facing crucial challenges. The government needs to develop major energy projects. It must finish the hydroplants, focus on renewable energy, and expand LNG, which is expected to play a key role. Growth in energy is a problem that affects the mining sector, a critical sector for the Chilean economy, because mining sites cannot be de- veloped without abundant energy. Not surprisingly, the mining sector has slowed down. The government is trying to develop renewable energy – wind and solar – from its current 5% to 15% of the grid.
Albagli Zaliasnik
2012 Firm Overview Most active disciplines
Disputes: Financial and corporate: Public, Tax, White-collar crime Financial and corporate: Banking, Commodities trading and energy derivatives, Equipment/asset finance, Investment funds, M&A, Private equity, Project finance Public: Competition, Construction, Employment, Environmental, Land, Projects, Regulatory Tax: Corporate tax, Indirect tax, Transfer pricing
Key energy sectors Mining and metals, Power networks and distribution, Renewables
Key infrastructure sectors Education
Key partners Rodrigo Albagli, Álvaro Rosenblut, Gabriel Zaliasnik
Given its status as a regional firm, Albagli Zaliasnik is deserving of recognition for the remarkable breadth of its practice areas. Some of its recent deals may be of relatively modest size, but have brought suc- cessful results for clients on a consistent basis. In March 2012, name partner Rodrigo Albagli, along with Cristián
Riquelme and Jorge Hirmas, represented Ormat Technologies in a pub- lic tender in relation to five concession areas considered prime candi- dates for exploration of geothermal energy. The outcome was Ormat receiving all five concession areas, representing a total investment of $80.4 million. In November of 2012, Hirmas and Macarena Iturra went to bat for Ormat once again, this time to handle litigation arising from a protection appeal brought by indigenous communities located within or partly within the concession areas. The Court of Appeals of Santiago ruled in favor of Albagli Zaliasnik’s client. In November 2012, attorneys from the firm responded to a request
by Chile’s Ministry of Energy to assess a draft of a new regulation con- cerning Chile’s geothermal law. The attorneys were able to shape the regulation according to their sense of what should be changed or left alone in the existing law. In February 2012, attorneys from the firm provided legal assistance
to Solar Chile in connection with negotiations with Solar Chile’s in- vestors and clients.
56 ENERGY & INFRASTRUCTURE | LATIN AMERICA 2013
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