Mauricio Halpern

Mauricio Halpern

Mauricio Halpern leads the Banking and Finance practice group of DLA Piper Chile, and has wide practical experience in the restructuring, leveraged finance, acquisition financing, project and corporate finance areas, both nationally and internationally.

Also, considering his vast experience as an in-house lawyer, Mauricio Co-heads the Compliance group, assisting clients in the development and implementation of regulatory compliance models, according to Law 20,393 and its amendments, preparation of policies, procedures, reporting channels, risk matrixes and control panels, providing them with the best practices and market standards.

His extended experience includes also, Corporate and Capital Markets, as well as Insurance. Mauricio has stood out by leading the processes of first issue stock placement, public offering of shares, bond issuance and trade bills. He has actively participated providing strategic advice to boards of directors and senior management of public and private corporations, both local and foreign, in addition to collaborating in corporate restructuring processes, dispute resolution and complex negotiation between shareholders.

In connection with Insurance & Reinsurance, Mauricio advises foreign clients in their establishment in Chile in compliance with local special regulation, insurance´s liquidation and claims, among others.

For more than ten years, Mauricio has been professor at the Pontificia Universidad Católica de Chile Law School.

Employment History

  • Partner, 2020 to date
  • Counsel, 2017-2019
  • Corporate General Counsel at SMU S.A., Santiago, Chile, 2015-2017
  • Executive Legal Manager of Pacific Hydro, Santiago, Chile, 2011-2015
  • Senior Associate at Bahamondez, Alvarez & Zegers, Santiago, Chile, 2010-2011
  • Foreign Law Clerk at Clifford Chance in Washington D.C., United States, 2009-2010
  • Associate at major law chilean firm, 2003-2007

Experience

Financing

  • Innergex Renewable Energy Inc.: Advised the client, as borrower, in the structuring and execution of a US$ 803.1 million refinancing transaction for its portfolio of assets in Chile, through a US$ 710 million private placement green bond and a US$ 93.1 million credit agreement.
  • JPMorgan Chase Bank: Advised JPMorgan Chase Bank, N.A., as arranger, and the rest of the Lenders, in the execution of the Amended and Restated Super-Priority Debtor-in-Possession Term Loan Agreement (A&R DIP Financing Agreement) with LATAM Airlines Group S.A., and other group entities, consisting of an amended and restated DIP Financing Agreement, guarantees and liens transference from the original lenders and legal clearance of the updated corporate/legal compliance, entered into by LATAM in the context of the approval of the Chapter 11 reorganization LATAM proposal at the proceedings before the Bankruptcy Court for the Southern District of New York.
  • Seven Seas Water: Advised the Chilean entities of Seven Seas Water in the execution of a credit agreement under New York Law in the amount of US$205,000,000 with Deutsche Bank AG, New York Branch as issuing bank, Investec Bank PLC, as administrative agent and issuing bank and Deutsche Bank Trust Company Americas, as collateral agent.
  • Oaktree Capital Management, L.P.: Advised Oaktree Capital Management in the granting of a financing to LATAM Airlines Group S.A., and other group entities, up to the amount of US$750,000,000 corresponding to Tranche B of the DIP Financing Agreement entered into by LATAM, in the context of the Chapter 11 reorganization process before the Bankruptcy Court of the Southern District of New York.
  • Itaú Corpbanca, Banco de Crédito del Perú S.A.S and Banco BICE: Counsel to Itaú Corpbanca, Banco de Crédito del Perú S.A.A. and Banco BICE, as lenders for the loan facility granted to three Atlantica Yield´s entities (Transmisora Baquedano S.A., Transmisora Mejillones S.A. and Palmucho S.A.) for the second amendment to the financing.
  • Lácteos del Sur S.A.: Counsel to Lácteos del Sur S.A., as lender to a loan agreement granted to Cooperativa Agrícola Torrencial Lechero, a Chilean company.
  • Oaktree Capital Management L.P.: Advise the client, as a creditor of Tranche A, for US$1,300,000,000, for the DIP (“Debtor-in-Possession”) Financing Contract in Latin America – Awarded “Deal of the Year 2021” in the category “Banking and Finance” by Latin Lawyer.
  • CarbonFree Chile SpA: Finance the acquisition and/or development, construction, commissioning, testing, start-up, operation and maintenance of a portfolio of projects consisting of several photovoltaic solar energy projects with an aggregate capacity, once fully constructed and operational, of approximately 225 MW located in Chile.
  • Colegios Federico Froebel S.A.: Counsel to the client as borrower for a loan facility granted by Banco Security for new infrastructure investments of the Las Condes and Chicureo educational establishments of the Deutsche Schule and for the pre-payment and termination of a precedent real estate leasing with Banco de Chile.
  • Mirae Asset Daewoo Co.: Advise the Korean bank, lender, and principal agent in charge of the term loan granted to DE Energía SpA for the development, construction, financing, operation and management of 12 photovoltaic power plants in Chile, with a total capacity of 105MW
  • Banco BICE: Advise the client in the opening of the credit line for the issuance of the performance guarantees required by Sacyr Chile S.A. to guarantee the obligations derived from the construction contract with Sociedad Concesionaria Américo Vespucio Oriente S.A.; Assist Banco BICE in the drafting and execution of a Loan Agreement with BTG Pactual and Banco Internacional, in which the parties agreed on a collection and/or restitution mechanism pari passu for the issued Performance Obligations
  • Sky Solar: Advise in the negotiation of a local syndicated loan with project finance guarantees for USD $35 million
  • CarbonFree Technologies: Advise in the negotiation of an international syndicated loan with project finance guarantees for USD $107 million

Compliance

  • Grupo Accepta: In the development and implementation of the Chilean regulatory compliance model (Law 20.393), including applicable policies and procedures.
  • McCann: Updating of corporate compliance policies and procedures and their adaptation to Chilean regulations.
  • Codelco: In the review of its compliance structure and internal control program, as well as the design of a new system
  • Finning: Full compliance assessment focus on environmental and H&S risks at LATAM level, including Uruguay, Argentina and Bolivia. Development and implementation of compliance model according to Chilean regulation (Law 20.393), including applicable policies and procedures.
  • Prestigious Chilean Think Tank: In the development and implementation of compliance model according to Chilean regulation (Law 20.393), including applicable policies and procedures.
  • ELIS: In the development and implementation of compliance model according to Chilean regulation (Law 20.393), including applicable policies and procedures.
  • Santillana: Update of compliance policies and procedures according to Chilean regulation (Law 20.393).

Energy

  • CarbonFree Technology: Advise to CarbonFree Chile SpA as borrower for the 10th disbursement of the financing agreement granted by a bank syndicate led by Deutsche Bank Trust Company Americas, in its capacity as administrative agent. The draw was granted for the acquisition of four photovoltaic power projects owned by JREL Solar SpA and to cover operation and VAT expenses for certain existing projects.

Admissions

  • Chile (2003)

Recognitions

  • Ranked in A Word About Wind's Legal Power List 2022
  • Leaders League (Banking and Finance – Recommended 2021 – 2022, Compliance – Recommended 2021 - Highly Recommended 2022)
  • Legal 500 (Corporate and M&A including compliance 2018, Projects and infrastructure 2018, Banking and Finance 2019 – 2021 – 2022, Corporate and M&A 2019 – 2021, Compliance 2021 – 2022)
  • Best Lawyers® (Banking and Finance Law 2020 – 2021 – 2022, Corporate Governance & Compliance Practice 2020 – 2021 – 2022, Project Finance and Development Practice 2020 – 2021 – 2022)
  • Latin Lawyer 250 (Banking and Finance 2019 – 2020 – Highly Recommended 2021 – 2022, Anticorruption investigation and compliance 2022 – Highly Recommended)
  • Latin Lawyer National (Banking and Finance 2019 – 2020)

Languages

  • Spanish and English

Education

  • Law, School of Law, Pontificia Universidad Católica de Chile, 2001
  • Master of Laws (LL.M.), School of Law, University of Pennsylvania, USA, 2009

Academic Activity

  • Professor of Commercial Law, School of Law, Pontificia Universidad Católica de Chile, 2011 to date
  • Assistant Professor of Procedural Law, School of Law, Pontificia Universidad Católica de Chile, 2007
  • Assistant Professor of Litigation, School of Law, Universidad del Desarrollo, 2003-2004.

Membership

  • Chilean Bar Association

Events

News

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Related Services
  • Banking & Finance
  • Financial Services
  • Project Finance
  • Compliance & Investigations
  • Insurance
  • Litigation & Arbitration
  • Restructuring