Main Operations - Philippi Abogados

2013

Counsel to Porta, Leche y Rodrigo Fontaine: the Chilean Competition Tribunal issued a judgment in the ACHAP cartel case imposing our clients a fine amounting only to 0.375% of the total amount requested against them by the Chilean Prosecutor’s Office.
Local counsel to J.P. Morgan Securities LLC as initial purchaser in the issuance by Automotores Gildemeister S.A. of USD 300.000.000 144A notes in the US Market.
Local counsel to Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as joint book-runners and initial purchasers in the issuance by Corp Group S.A. of USD 500.000.000 144A notes in the US Market.
Local counsel to BTG Pactual S.A. – Cayman Branch and Deutsche Bank Securities Inc as initial purchasers in the issuance by SMU S.A. of USD 300.000.000 144A notes in the US Market.
Local counsel to Merrill Lynch, Pierce, Fenner & Smith Incorporated as initial purchaser in the issuance by Tanner Servicios Financieros S.A. of USD 250.000.000 144A notes in the US Market.

2012

Counsel to Japan’s Mitsubishi in the agreement of a joint venture with AES Gener for the construction and operation of Cochrane, a coal-fired power project located in the northern Antofagasta Region.
Counsel to Cencosud in the acquisition of the Colombian supermarket arm of beleaguered French retailer Carrefour for USD 2.5 billion.
Advice to the Santo Domingo Group in acquiring a percentage of the shares of Corpbanca SA, for a total of approximately USD 100.000.000.
Counsel to BTG Pactual Bank in the acquisition of Celfin Capital SA, a leading investment firm in Chile.
Counsel to Compañía Cervecerías Unidas S.A. in the process of registration of three lines of bonds in the Securities Registry of the Superintendencia de Valores y Seguros for a total of approximately USD 800.000.000.
Counsel to Corporación Geo S.A.B. de C.V. in the process of registration as foreign issuer and the bond line in the Securities Registry of the Superintendencia de Valores y Seguros. It is the third foreign issuer of bonds in Chile, the previous two were also registered by our Firm.
Counsel to Virgin Movile on the launch of telephony services, which is the first mobile virtual network operator (MVNO) that hits the market in our country.
Geotérmica del Norte S.A: Legal advice in the environmental assessment and development of Project “Central Geotérmica Cerro Pabellón”, one of the first geothermal generation projects in Chile.
Counsel to Cencosud S.A. in the acquisition of the 100% of the shares of Johnson’s S.A.
Counsel to Sierra Gorda in the financial close of the mine project and funding for hydroelectric of HydroChile.
Counsel to Prudential in the sale of the Building Apoquindo 4501 to Capital Advisors for a total of approximately UF 2.200.000
Counsel to Aceros Chile in the dismissal of the criminal case of the quasi-bodily injury.

2011

Counsel to Sumitomo Metal Mining in the formation of the previously announced Joint Venture to develop the Sierra Gorda copper-molybdenum project in Chile Quadra FNX for USD 724 million. Going forward Quadra FNX, with 55% of the Joint Venture and Sumitomo with the remaining 45%, will conduct activities through Sierra Gorda SCM (“SGJV”).
Counsel to Quiñenco S.A. in the acquisition of the assets of Shell Petrolium Company in Chile, for USD 614 million.
Participation in the creation of the first mining exploration venture with local investors through the mining company activities involving Larraín Vial, a leader in financial services.
Counsel to JP Morgan Securities LLC. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as initial purchasers in a USD 464 million guaranteed notes issuance by Inversiones Alsacia S.A.
Counsel to Holding Casino, a unit of Dreams Casinos, acquired the remaining 50% of the shares, which it did not already own, in Plaza Casino S.A., an owner and operator of hotel and casino of Puerto Varas, from Enjoy Gestión Ltda., a unit of Enjoy Casinos.

2010

Counsel to Banco Santander in the placement of bonds in the US market for USD 1.3 billons and USD 700 million.
Philippi acted as counsel to lender banks in two foreign loans granted to local banks, one for USD 175 million to Banco Santander Chile granted by a syndicate of banks led by Standard Chartered Bank, and other for USD 167 million to Corpbanca granted by a syndicate of banks led by BNP Paribas.
Counsel to Prudential Real Estate Investors regarding the acquisition of Isidora 3000 building, for approximately USD 105 million.
Advise in the sale of the control of FASA.
Counsel to Sociedad Química y Minera de Chile S.A. (SQM) in the issuance and placement of a USD 250 million bond in the US market under rule 144A.
Counsel to Banco Santander Chile in the issuance and placement of a USD 500 million bond in the US market under rule 144A.

2009

Counsel to Transelec S.A., leading company in electricity transmission, in the placement of bonds in Chile for a total amount of 3,100,000 Unidades de Fomento (USD 130 million approx.) on account to its 10 to 30 years bond facilities registered in the Securities Registry of the Securities and Insurance Commission.
Counsel to GTD Group in the purchase of Telefónica del Sur (Telsur), owned by Quiñenco, for an amount of USD 115 million. Quiñenco held 74.43% in Telsur. GTD will have to make a tender offer for acquiring the control of 100% of Telsur, for a total approximate amount of USD 154 MM. Telsur offers IPTV, fixed-line phone, portable phone and internet services in the south zone of the country.
Counsel in the financing granted by a syndicate of banks for a hydroelectric project of Pacific Hydro Chacayes S.A., subsidiary of the Australian company Pacific Hydro.
Counsel in the financing granted by a syndicate of banks for a cooper project of Minera Esperanza S.A., subsidiary of Antofagasta Minerals, for a total amount of USD 1.5 billons.
Counsel to Transelec, Chilean leading company in electricity transmission, in the placement of bonds in Chile for a total amount of 7,903,000 Unidades de Fomento (USD 303 million approx.) on account to its 10 to 30 years bond facilities registered in the Securities Registry of the Securities and Insurance Commission.
Counsel in the first placement of the Huaso Bonds of América Móvil, leader in mobile phone services, in the placement of the series A bonds for UF 4 million, becoming the first foreign issuer placing corporate bonds in the local market.

2008

Counsel to Banco Nacional de Comercio Exterior S.N.C. (Bancomext) in the bidding process for the sale of Sociedad Concesionaria Autopista del Aconcagua S.A. and Sociedad Concesionaria Autopista del Itata S.A. (SCADA – SCADI), two concessionaire companies running the largest highways in Chile and that was finally awarded to Global Via Infraestructuras S.A. for USD 553 million.
Counsel to Cencosud S.A. in the placement of corporate bonds in Chile for an amount of 2,000,000 Unidades de Fomento (approx. USD 86 million) with maturity in year 2018 and 4,500,000 Unidades de Fomento (approx. USD 193 million) with maturity in year 2028.
Counsel to Cencosud in the acquisition of the Peruvian Supermarket Chain Wong for USD 500 million.
Counsel to Farmacias Ahumada S.A. in the issuance of bonds in Chile for an amount of approximately USD 77 million with maturity in year 2018 and approximately USD 95 million with maturity in year 2032.

2007

Factorline S.A. placed corporate bonds for the market in general for an amount of USD 40 million approximately, on account to the 10 years bond facility registered in the Securities Registry of the Securities and Insurance Commission. The bonds’ maturity date is October 1, 2012.
Legal environmental counsel to Southern Copper Corporation destined to support the obtainment of environmental authorizations for the execution of mining exploration and exploitation operations in the north of Chile.
Legal environmental counsel to Southern Copper Corporation destined to support the obtainment of environmental authorizations for the execution of mining exploration and exploitation operations in the north of Chile.
Environmental counsel to Río Huasco, an organization for the protection and assignment of water resources of the Rio Huasco reservoir, in the negotiation with Barrick Gold related to the gold deposit project of Pascua – Lama.
Counsel to Aconcagua Resources Limited regarding its listing in the Australian stock exchange (ASX) in order to obtain capital for iron mining activities in Ecuador and Chile.
Counsel to Freeport McMoran in the sale of Cocesa (Cobre Cerrillos S.A.) to General Cable Corporation, for the amount of USD 70 million.
Counsel to BNP Paribas as administrative agent in the financing of LAN for the purchase of 32 Airbus A 320 airplanes to be delivered between 2006 and 2008.
Counsel to Prisa in matters of antitrust and antimonopoly in connection to a consultation to acquire 142 FM radio broadcasting stations in Chile.
Counsel to Endesa Chile in the purchase of CMS and the sale to Southern Cross of 50% of the interest in the Gas de Atacama project.
Counsel to Banco Santander in the sale of its pension funds manager in Chile to ING Bank for USD 654 million.
Counsel to Banco de Chile, BancoEstado and Banco de Crédito e Inversiones in the financing for USD 230 million granted to Ontario Teacher’s Pension Plan for the purchase of the sanitary companies Essbio and Aguas Nueva Sur Maule.
Counsel to the Carlyle group in the purchase of its Chilean division of engineered products “Engineered Products” of Goodyear Chile. The acquisition is part of a global transaction in which the Tire and Rubber Division of Goodyear transferred all its world assets of engineered products to the Carlyle group for an amount of USD 1.5 billion.
Counsel to Cencosud in the USD 200 million association agreement with the Colombian company Casino.
Counsel to Freeport McMoran in the acquisition of assets of Phelps Dodge in Chile, including its interests in the mining companies El Abra, Candelaria and Ojos del Salado. In global and worldwide terms, such transaction involved sums of USD 26 billion.
Counsel to Methanex on the registration of its shares to be traded in the Off-Shore Stock Exchange, market in which foreign securities are publicly offered, quoted and traded.
Counsel to Compañía Minera Aur Resources Chile Limitada in the purchase of shares held by Compañía Minera del Pacífico in Compañía Minera Carmen de Andacollo, for the amount of USD 103 million.

2006

Counsel to Cencosud in the purchase of Supermercados Economax for USD 60 million.
Counsel to América Móvil S.A. de C.V. on the first foreign bond placed in Chile for the amount of USD 1 billion.
Counsel to the consortium led by Brookfield in the acquisition of Transelec, the largest electricity transmission company in Chile, for approximately USD 1.7 billion. The Brookfield consortium includes the Canada Pension Plan Investment Board, the British Columbia Investment Management Corporation and other institutional investors.
Counsel to Autostrade S.A. in the acquisition of 100% of the shares of Sociedad Concesionaria Costanera Norte S.A. controlled by Impregilo S.p.A.
Counsel to Calyon, New York Branch, as administrative agent regarding the Loan Agreement dated July 5, 2006 to Banco Bilbao Vizcaya Argentaria, Chile, for USD 180 million.
Counsel to BNP Paribas in the financing of the acquisition by the Republic of Chile, acting through the Ministry of Defense, from Krauss-Maffei Wegmann GmbH & Co. of 118 EA Leopard A4 military tanks in the amount of € 80 million.
Counsel to Sanpaolo IMI S.p.A. as administrative agent with respect to the loan agreement for USD 100 million to Banco del Desarrollo.
Counsel to Santander Investment Securities Inc. with respect to the loan agreement for USD 180 million to Telefónica Móviles Chile S.A.
Counsel to West LB AG, New York Branch, as administrative agent, regarding the financing for USD 35 million to Huepil de Elecricidad S.A.

2005

Counsel to GTD Teleductos S.A. in its acquisition of Compañía Telefónica Chilena Manquehue Net, for a total value of approximately USD 25 million.
Counsel to Sercotel S.A. de C.V., an affiliate of América Móvil, in the acquisition of the mobile phone company Smartcom Chile S.A. for a total value of approximately USD 500 million.
Counsel to Endesa España, Endesa Chile, Distribuidora de Electricidad Chilectra and Enersis in the creation of a holding in Brazil capitalizing approximately USD 1.3 billion, for maintaining in such country their interests related to the generation and distribution activities.
Counsel to Banco Bilbao Vizcaya Argentaria, Chile, as administrative agent, with respect to a loan agreement of a group of local banks for USD 62 million to the meat producing company AASA (Lo Valledor).
Counsel to BBVA Bancomer, S.A., a Multiple Banking Institution of the BBVA Bancomer Financial Group, as administrative agent, with respect to the loan agreement for USD 190 million to Banco de Crédito e Inversiones, acting through its Miami Branch.
Counsel to Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. as agents and underwriters in the issuance of 144/ Reg bonds for USD 500 million, made by Corporación Nacional de Cobre (CODELCO).
Counsel to BNP Paribas (London branch) as agent, in connection to the financing of the acquisition by the Republic of Chile of three type 23 Frigates to BAE Systems (Operations) of the United Kingdom.
Counsel to J. P. Morgan Chase Bank in connection to the loan agreement for USD 600 million to Entel S.A.

2004

Counsel to Methanex in contractual (EPC’s), foreign investment, real estate and environmental matters related to the construction of Plant IV of Methanex in Punta Arenas, that implied an investment of USD 250 million.
Counsel to Teléfonos de México S.A. de C.V. in the acquisition of the Chilean long distance phone company Chilesat Corp S.A., the third largest supplier of the Chilean market, owned by the Southern Cross group, for a total value of approximately USD 117.5 million.
Counsel to Bellsouth in the sale of its Chilean mobile phone business to Telefónica España.
Counsel to Cencosud in its acquisition of Supermercados Las Brisas and Supermercados Montecarlo for USD 100 million.
Counsel to Teléfonos de Mexico SA de C.V. in its acquisition of the assets of AT&T Corp., Latin American region, for USD 207 million.

2003

Counsel to Cencosud S.A. in its purchase of the supermarket chain Santa Isabel to Koninklijke Ahold N.V. –Royal Ahold-. Santa Isabel was the operator of 77 stores in Chile. As a consequence of the acquisition, Cencosud became the second largest supermarket operator in Chile.
Counsel to Enersis S.A., affiliate of Endesa S.A., a Spanish power generator company, in the process of approval and materialization of a capital increase for USD 2 billion, which transformed it into the largest capital increase ever made by a public corporation. This capital increase was part of a restructuring plan designed for recovering the company from the noxious effects caused in the region by the Argentinean and Brazilian economic crisis.
Counsel to Endesa España in the acquisition of a stockholding of Enersis from Elesur through Latibex and directly in Chile, for a total a value of approximately USD 2 billion.
Counsel to Endesa España in the acquisition of a stockholding of Empresa Eléctrica Pangue S.A.

2002

Counsel to Banco Santiago and Banco Santander Chile in their merger for USD 3 billion to create the largest Chilean bank and one of the largest of Latin America.
Counsel to Cencosud in the acquisition of all the assets of Home Depot Argentina.
Counsel to Banco Santander Central Hispano and Banco Santander Chile in the process of sale of assets of the Chilean bank for USD 800 million.
Counsel to Banco Santander Central Hispano in the purchase of a stockholding of Banco Santiago owned by the Central Bank of Chile for an amount of USD 700 million.