Two transactions advised by DLA Piper Chile are awarded as “Deal of the Year”

27 May, 2021

The acquisition of Cornershop by Uber and the DIP financing of LATAM Airlines were the transactions awarded as “Deal of the Year” by the prestigious English publication Latin Lawyer, which recognizes the most outstanding transactions of the year in the region in eight categories. Latin Lawyer’s editorial team selected the winning deals from more than 600 nominations. “The winning deals all demonstrated innovative legal work at a level of complexity that broke new parameters in the jurisdictions where they took place. The lawyers involved performed extraordinary work, and the impact and significance of the deals go well beyond the negotiating table”, noted Latin Lawyer. Cornershop-Uber In 2020, Uber acquired a majority stake in the Chilean company Cornershop for US$459 million, after a process that included more than a year of regulatory clearences from antitrust agencies in both Chile and Mexico in the midst of the Covid-19 pandemic. This transaction was awarded as “Deal of the Year” in the private M&A category in its fifteenth. DLA Piper Chile advised both parties as joint counsel in corporate, tax and antitrust matters. LATAM Airlines In the same year, LATAM Airlines obtained a US$2.45 billion DIP financing from a group of shareholders, creditors and international lenders several months after the airline filed for Chapter 11 bankruptcy protection under U.S. federal law in New York. This transaction was the winner of the Banking and Finance category of the aforementioned award. In this transaction, our firm advised Oaktree Capital Management L.P. and its subsidiaries as Tranche A lenders for the DIP (“Debtor-in-Possession”) Financing Agreement, whereby the Debtor requested a US$2.450 billions term loan, of which Oaktree committed Tranche A, in the amount of US$1.300 billions in order for the Debtor and its subsidiaries to continue to operate and manage its business. Congratulations to our teams that participated in both transactions!

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Relevant information about Covid-19

13 April, 2020

Check all the legal alerts prepared by our team on the occasion of the Covid-19 in our country. View more

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DLA Piper Coronavirus Resource Center

16 March, 2020

The outbreak of the coronavirus disease 2019 (COVID-19) represents one of the most significant global public health crises in the last 100 years and is causing major disruptions and unprecedented volatility in markets, economies and businesses. That’s why DLA Piper has created a web site where you can find all the relevant information worldwide in one place. View more

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Eurofarma improves its position in the Chilean pharmaceutical market (Lex Latin)

1 July, 2019

DLA Piper Chile advised Inversiones SB in the entire transaction of the sale of Productos Farmacéuticos Medipharm. Lex Latin

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Grupo Patio enters the hotel business through an alliance with the Selina chain (El Mercurio)

1 July, 2019

Our office together with Lathan and Watkins (NY) advised Selina Operations Chile SpA in the joint venture agreement for the opening and operation of hotels under the Selina brand in Chile. Matías Zegers (partner) and Teresa Fernández (counsel) participated in this operation. El Mercurio

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DLA Piper hosts a seminar on corporate corruption and compliance

27 June, 2019

With the substantial support of legal and corporate professionals from major domestic and international companies, DLA Piper Chile hosted a seminar called “¿How to prepare for new scenarios?” which focused on compliance, and corruption in the private sector. The main themes that panelists addressed in the meeting were the new local and global compliance standards, as well as the main foreign compliance regulations. Panelists also shared their analysis of the offenses that were recently instituted in Chile for corruption in the private sector and fraudulent management. Angela J. Crawford and Louis Ramos, lawyers at DLA Piper Miami and Washington DC respectively, who have extensive experience in litigation, arbitration, investigation of financial crimes in the private and public sector, and free competition, discussed some recent changes that have occurred in corporate law at a global level. To that effect, Louis Ramos explained that one of the challenges that large companies face today is the development of trusting relationships within the company. He stressed that it can be challenging to “walk” in the same direction. “To achieve great results,” Ramos added, “it is essential that we proceed with common goals, and ask ourselves: ¿Where are we now and where do we want to go?” Mauricio Halpern, counsel to DLA Piper Chile and the former public prosecutor of large Chilean corporations, also spoke on the panel to highlight how “important it is to understand that there are new channels and instruments of complaints, which must be leveraged for the greater development of corporate legal frameworks.” In addition, Rafael Cox, CMPC´s public prosecutor and panel participant, discussed the challenges in compliance culture that companies are facing today, and the importance of further developing complaint channels within Chilean corporations. The seminar took place on Tuesday, June 25th at 8:30am in Club 50.

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Empresas SB closed the sale of their Medipharm laboratory to the Brazilian group Eurofarma (Diario Financiero)

20 June, 2019

DLA Piper Chile advised Inversiones SB (Grupo SB) in this transaction and the participating lawyers were: José Pablo Dulanto, Manola Quiroz, Jorge Timmermann and María del Pilar Paredes. Diario Financiero

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Leo Prieto’s Artificial Intelligence Startup Raised US$ 2 Million (Diario Financiero)

18 June, 2019

A little more than a year after starting the formal operation, startup Odd Industries, advised by DLA Piper Chile, has just closed its first round of Seed Round investment for US$ 2 million, tickets that were left in four Chilean investors. Diario Financiero

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