• 17 June, 2021

    FinTech mexicana que compró un banco reabre debate sobre la regulación en Chile (Diario Financiero)

    El socio de DLA Piper Chile, Jorge Timmermann, apunta que esto ‘permitiría a los bancos el no tener que desarrollar ellos mismos la tecnología, lo que en general puede resultar poco eficiente. Asimismo, debería permitirse la inversión en fondos de venture capital enfocados en la misma industria’. View more

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  • 15 June, 2021

    Fuerte aumento anotan las dudas y consultas de empresas ante nuevas leyes laborales (Diario Financiero)

    Luis Parada, partner in charge of the labor area of DLA Piper Chile, comments to Diario Financiero on the doubts that have been received from companies. View more

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  • 27 May, 2021

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

    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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  • 24 May, 2021

    “Deal of the Year: Uber’s acquisition of Cornershop wins Latin Lawyer award

    Last year, Uber acquired Chilean company Cornershop for US$459 million, after more than a year of back-and-forth with local regulators amid the Covid-19 pandemic. This transaction was chosen for the “Deal of the Year” in the M&A category of the fifteenth version of the award that the prestigious English publication Latin Lawyer presents annually and recognizes the most outstanding transactions of the year 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. DLA Piper Chile advised both parties as joint counsel on corporate, tax and antitrust matters. Check the full article in the following link.

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