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    Marcos Ríos

    Partner
    Mailmrios@carey.clPhone+56 2 2928 2208LinkedIn LinkedIn

    Partner of Carey and co-head of the Corporate / Mergers & Acquisitions / Insurance / Government Procurement Groups. His practice focuses on mergers and acquisitions, government procurement, corporate compliance, insurance, real estate and gaming law matters.

    • Liberty Mutual Insurance, one of the largest insurance companies in the world, on the sale to HDI International (part of the Talanx Group) of Liberty Mutual’s personal and commercial business in Chile, Brazil, Colombia, and Ecuador. The acquisition is estimated for a total deal value of approx. USD1.48 billion. Upon closing, the Talanx Group is expected to become the third-largest insurer by premium income in property/casualty business in Latin America.
    • Hapag-Lloyd, a German listed company and global leader in container shipping, on the acquisition, for approx. USD1 billion, of the port terminals and inland logistics business of SAAM, a Chilean listed multinational company that provides foreign trade services. Hapag-Lloyd acquired the entire operation of the SAAM's port terminals business, which includes ten terminals in six countries in the Americas, and of the inland logistics business of SAAM.
    • Faber-Castell AG a leading German company in the manufacturing of pencils and writing products, on the acquisition of the 33% stake that Distribuidora de Agendas y Cuadernos Ltda. held in Faber-Castell Chile, becoming owner of the 100%.
    • Midea Group on the acquisition of the Teka Group, a multinational engaged in the manufacturing and commercialization of electric appliance products, with a presence in over 120 countries including Europe, Asia and the Americas. The advice included corporate, intellectual property, employment, tax, real estate, environmental and regulatory permitting matters, among others.
    • Maxima Power Group, a portfolio company of Copley Equity Partners, on its sale to Sunbelt Solomon Services. Maxima Power Group is a NETA accredited electrical engineering, automation solutions, and technical field services provider with operations in the US, Canada and Chile, and is comprised of Magna IV Engineering, Power Solutions Group and Industrial Tests. Sunbelt Solomon Services is a portfolio company of US private equity firm Trilantic North America.
    • LatentView Analytics, an Indian listed digital analytics consulting firm, on the acquisition of the 70% outstanding equity of Decision Point, a global leader in artificial intelligence-led business transformation and revenue growth management, for USD39.1 million. The remaining 30% equity is to be acquired over the next two years with a payout. Decision Point operates in North America, Europe, Asia and Latin America (which includes a Chilean subsidiary).
    • H&CO a US-based global accounting and consulting firm, on the acquisition of the SAP Business One assets of Inxap in Chile and Argentina. The transaction also included the acquisition of Inxap's cloud business solutions in Chile.
    • Ponsse Oyj, a Finnish manufacturer of forest machines, on the acquisition of the forest machinery business of FC Ventas, its Chilean distributor.
    • Liberty Mutual International, part of Liberty Mutual Insurance Group, on the acquisition of 99.56% of Compañía de Seguros Generales Penta-Security, the fourth largest non-life insurance company in Chile.
    • Air Products and Chemicals, a U.S. publicly traded company in the atmospheric and specialty gases industry, on the acquisition of 66% of Indura, the largest independent industrial gas company in Latin America, for USD884 million.
    • Sugalidal, a Portuguese company, on the acquisition of TresMontes Luchetti Agroindustrial. Due to this transaction, Sugalidal became the third largest tomato paste producer in the world.
    • A major U.S. multinational, one of the world’s leading defense contractors, in connection with the tender process for the sale of sensitive military equipment to the Chilean Government.
    • A U.S. specialty vehicle manufacturer and its subsidiary on various successful international tender processes launched by the Chilean Firefighters’ Board, on international supply agreements with multiple Fire Departments, and on a number of dispute resolution cases regarding procurement processes.
    • KSL Capital Partners, a US-based private equity firm, and its Australian luxury hotel platform Baillie Lodges, on the acquisition of Tierra Hotels. The latter is a Chilean luxury lodge chain with hotels in Torres del Paine (Patagonia), San Pedro de Atacama and Chiloé.
    • Fantástico Sur, and other entities of the Cerro Paine group, on the review and update of their policies, liability and force majeure clauses, terms, and conditions, among others.
    • Riot Games on its defense against a lawsuit filed by a user of the game League of Legends based on alleged infringement of the Consumer Protection Act (Law Nr. 19,496), claiming damages compensations, caused by the permanent suspension of his videogame account for inappropriate behavior.
    • P&G Larraín and CNSA on the preparation and negotiation of a lease agreement for 38,000 square meters of land, allowing HCG to develop a five-star hotel project in Santiago’s financial district. Also, on the title search, financing, permitting and contractual matters related to the development of the project.
    • Host Hotels & Resorts on the sale of 100% of Chilean subsidiaries Inversiones y Hotelera Host San Cristóbal and Hotelera Host San Cristóbal, respectively owner and lessee of the Sheraton Santiago hotel and the San Cristóbal Tower hotel, both managed by Starwood, to Fondo de Inversión Inversiones Hoteleras, through its subsidiaries Mirador del Cerro and Inversiones Hoteleras Holding.
    • A multinational REIT (Real Estate Investment Trust) company in connection with the reconstruction and refurbishing of two major hotels in Santiago, due to damages suffered in the 2010 earthquake.
    • San Francisco Investment, owner of Monticello Grand Casino, on the successful defense of multiple real estate disputes (possessory claims) with neighboring landowners.
    • Scientific Games Corporation on its corporate restructuring. Also, on several successful public tenders and supply, distribution, agency and representation contracts in Chile and multiple other Latin American jurisdictions.
    • Casino Monticello (San Francisco Investment and SFI Resorts) on all phases of the development, construction, lease and operation of a US$300 million gaming and tourism project (including the largest casino in South America, a five-star hotel, a convention center, a mall, etc.).
    • A major U.S. gaming industry multinational on multiple public tender processes for the provision of lottery tickets and related services in various jurisdictions throughout Central and South America and the Caribbean.
    • A major multinational group of tourism, entertainment and gaming companies, and its Chilean subsidiaries, on the development and financing of a major tourism and entertainment project in Chile, including the largest casino in South America, a 140-room five-star hotel and a commercial and entertainment center.
    • One of the world's largest tourism and leisure property owners on the acquisition of two major hotels in Santiago, Chile, and on the structuring and execution of the related long-term lease, services, operation and license agreements.
    • Hilton Hotels in connection with corporate and regulatory issues.
    • Recognized in Corporate and M&A, Chambers and Partners.
    • Recognized in Corporate and M&A, Real Estate & Tourism, and Trade, Latin Lawyer.
    • Recognized in Hospitality and Investigations, Lexology.
    • Recognized in Corporate and M&A, LACCA.
    • Recognized in Corporate M&A and Insurance Litigation, Leaders League.
    • Recognized in Corporate M&A, Top Ranked Legal.
    • Law, Universidad de Chile.
    • LL.M., Georgetown University Law Center (graduated with honors) (2001).
    • Member of the District of Columbia Bar.
    • Chair of the International Law Section (2022-2023); chair-elect of the International Law Section (2021-2022); vice chair of the International Law Section (2020-21); revenue officer, Executive Committee, Administration Committee and Council member (2017-2018); membership officer, Executive Committee, Administration Committee and Council member (2015-2016); division chair at Finance Division, council member (2012-2015); senior advisor, chair, vice chair, Latin American & Caribbean Committee (2004-2014), American Bar Association (ABA).
    • Training to Latin American subsidiaries of U.S. companies on FCPA and other compliance matters.
    • Professor of the LL.M. in U.S. Business Law, Universidad de Chile and American University’s joint program (2006-2009).
    • Active participant in the Phillip C. Jessup International Law Competition, as final-round judge in charge of selecting the Chilean Team (since 2007).
    • Senior associate, Hogan & Hartson (currently Hogan Lovells), Washington D.C. (2001-2004).
    • International associate, Simpson Thacher & Bartlett, New York (1999-2000).
    • In-house counsel, Western Mining Corporation, Havanna, Cuba (1995-1996).

    Education

    • Law, Universidad de Chile.
    • LL.M., Georgetown University Law Center (graduated with honors) (2001).

    Admissions

    • Chile (1998).
    • District of Columbia (2001).

    Languages

    • Spanish.
    • English.

    Publications

    • Co-author of the Chilean chapter of the "Latin American Investigations Guide", Hogan Lovells (2019).
    • Co-author of the Chilean chapter of "Foreign Investment in South America: A Comprehensive Guide to Infrastructure and the Legal Environment", American Bar Association (2018).
    • Co-author of "International Joint Ventures: A Guide for U.S. Lawyers", American Bar Association (2013).
    • Co-author of the Chilean chapter of Anti-Corruption Regulation, Getting the Deal Through (2011-2013).
    • Author of "Doing Business in South America", International Practitioner’s Deskbook Series, ABA Section of International Law (2011).
    • Co-author of the Chilean chapter in "Joint Ventures in the International Arena", amongst others, 2nd Edition, International Practitioner’s Deskbook Series, ABA Section of International Law (2010).
    • Author and editor of several articles published in the book The International Lawyer, including papers on corporate issues, energy, natural resources, gaming law, labor law and other regulatory matters, ABA Section of International Law (since 2005).
    • Co-author of "International Arbitration: Practical Considerations with a Latin American Focus", The Journal of Structured and Project Finance (2003).

    Seminars

    • Frequent speaker at international seminars on legal matters relevant to his practice, including corporate compliance, anti-corruption, etc.