Manuel Alcalde

+56 2 2928 2226

He advises clients in personal and corporate tax planning, local and international tax consulting, project financing, mergers and acquisitions, capital markets and foreign investment transactions.


  • UnitedHealth Group in the acquisition of Banmédica, a Chilean healthcare company, for USD2.8 billion. Banmédica has operations in the health insurance, healthcare and medical rescue businesses, with presence in Chile, Colombia and Peru.
  • Citi, HSBC, JP Morgan and Merril Lynch in the pricing and purchase of USD500 million of Medium Terms Notes (MTN) issued by Banco Estado at a 2.668% annual rate and due on 2021. This transaction was made under a Banco Estado bond issuance program for up to US$3 billion.
  • To family groups on the design of business restructuring and in the process of voluntary declarations of capital abroad.
  • Macquarie Group on the analysis of customs, regulatory, general civil law and tax matters in connection with a financial solution proposed to Chilean copper producers.
  • Crystal Lagoons on the worldwide restructuring of its operations, and the Chilean securitization process.
  • Origin Energy on the acquisition of 51% of hydroelectric company Energía Austral from Xstrata Chile for USD 150 million, project whose total estimated investment is USD4 billion.
  • Qatar Airways on the agreement with LATAM Airlines Group to acquire up to 10% of LATAM, through a capital increase of USD 613 million.
  • Falabella on the issuance of an international bond of USD400 million (Linklaters).


  • Professor of Tax Law, Universidad de los Andes (since 2017).
  • Foreign Associate at Linklaters, New York (2014-2015).
  • Member of the Chilean Bar Association.
  • Member of the Chilean Institute of Tax Law.
  • Member of the Society of Trust and Estate Practitioners (STEP).


  • Co-author of the Chilean chapter on Corporate Tax, Global Practice Guides, Chambers & Partners (2016).
  • Co-author of the Chilean chapter on Tax on Inbound Investment, Getting the Deal Through (2012-2013).
  • Author of “Recent Developments in International Taxation: Chile”, Annual Report, International Bar Association (2012).


  • He has been lecturer of several tax seminars organized by the International Bar Association, the Society of Trust and Estate Practitioners (STEP) and the New York University.


  • Law, Universidad Católica de Chile.
  • Law Year Abroad Program, University of Leeds, England (2007).
  • LL.M. in Tax Administration and Management, Universidad Adolfo Ibáñez (2011-2012).
  • LL.M. in International Taxation, New York University (2014).
  • Advanced Professional Certificate in Law and Business (A.P.C.L.B.), Stern Business School, New York University (2014).


  • Chile (2010).


  • Spanish.
  • English.

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