Back

Marcelo Armas

Partner / Chile

Partner at PPU. His legal practice focuses on Banking, Finance and Capital Markets. He has advised important clients in complex and sophisticated financing involving several jurisdictions, for which he is recognized nationally and internationally as an expert in these matters. He is ranked in Band 1 in the prestigious publication Chambers and Partner, which states that "he has an impressive track record in the banking and finance world: He is the perfect lawyer for structured, international transactions involving banks, assets and security packages over many different countries".

Leading practitioner Marcelo Armas offers longstanding experience in the banking and finance sphere. He is held in high esteem by market commentators, with one reporting: "He is our go-to lawyer for any consultation. He is responsive and has good overall knowledge about everything relating to financing. He is extremely experienced, efficient and effective." Another respondent says: "He is a great lawyer who manages his matters very well". Chambers and Partners, Latin America 2022. Banking & Finance
Eminent practitioner Marcelo Armas is noted by interviewees, with one appreciating that "if there is a big problem, he just tries to solve it. He is a tremendous lawyer". Chambers and Partners, Latin America 2022. Capital Markets
Well-regarded eminent practitioner Marcelo Armas commands immense respect amongst interviewees for his longstanding presence in the field.He is particularly noted for his project finance expertise. Chambers and Partners, Latin America 2022. Projects and Infrastructure
Back

Work experience

  • 2015 - present Partner

    Philippi Prietocarrizosa Ferrero DU & Uría

  • 1997 - 2014 Partner

    Philippi, Yrarrázaval, Pulido & Brunner

  • 1990 - 1997 Associate

    Philippi, Yrarrázaval, Pulido & Brunner

  • 1993 - 1994 Associate

    Cravath, Swaine & Moore, Nueva York

Back

Awards

Back

Featured Cases

  • Aela Energía 2017

    special Chilean counsel to Sumitomo Mitsui Banking Corporation, The Bank Of Tokyo-Mitsubishi UFJ, Ltd., The Korea Development Bank, Caixabank, S.A., Kfw Ipex-Bank Gmbh, Inter-American Investment Corporation, IIC, as agent acting on behalf of the Inter-American Development Bank (all collectively as lenders), Banco Santander-Chile, as Onshore Collateral Agent and MUFG Union Bank, N.A as Offshore Collateral Agent, in connection with the financing granted pursuant to Credit and Guarantee Agreement, dated as of August 8, 2017 (the “Credit Agreement”) among the foregoing indicated financing entities and Aela Generación S.A. (the “Borrower”); AELA Eólica Llanquihue SpA (“Aurora WindCo”), AELA Eólica Sarco SpA (“Sarco WindCo”), and AELA Eólica Negrete SpA (“Cuel WindCo”), for the financing of (a) the construction and operation of an approximately 129 MW wind farm to be located in Llanquihue, Chile (the “Aurora Project”), (b) the construction and operation of an approximately 170 MW wind farm to be located in Freirina, Chile and a 71 km transmission line located in Freirina and Vallenar, Chile which injects the energy to the Maitencillo substation (the “Sarco Project”) and (c) the operation of an approximately 33 MW wind farm located in Los Angeles, Chile (the “Cuel Project”).

  • Sumitomo Mitsui Banking Corporation, The Bank Of Tokyo-Mitsubishi UFJ, Ltd., The Korea Development Bank, Caixabank, S.A., Kfw Ipex-Bank Gmbh, Inter-American Investment Corporation, IIC, como agente actuando en representación de Inter-American Development Bank, (todos los anteriores como acreedores), Banco Santander-Chile, como Onshore Collateral Agent y MUFG Union Bank, N.A como Offshore Collateral Agent Chile 2017

    Local counsel to the lenders in the financing for the construction and operation of wind farms Sarco, Aurora and Cuel, of an approx., 330 MW.

  • Banca IMI S.p.A. - London Branch, Banco Santander, S.A., Credit Agricole Corporate and Investment Bank, CaixaBank, S.A., Société Générale, Banco BICE, Banco de Crédito e Inversiones y Banco Santander - Chile Chile 2016

    Local counsel to the lenders in the financing for the construction and operation of a new terminal in the Santiago Arturo Merino Benitez airport and the extension of the current terminal

Back

Publications

  • January 2017 -

    Security Interests under the Chilean Legal System

    Marcelo Armas y Marcela Silva - Doing Business in Chile Anniversary Edition The British Chilean Chamber of Commerce
  • January 2016 -

    Chile Chapter- The International Comparative Legal Guide to: Project Finance

    Marcelo Armas y Marcela Silva - ICLG
  • January 2013 Santiago - Chile

    Security Interests under the Chilean Legal System

    Marcelo Armas y Marcela Silva -
  • January 2012 -

    The International Comparative Legal Guide to Project Finance

    Marcelo Armas -
  • January 2009 -

    Global Legal Group. "Set - Off Law and Practice - An International Handbook" (Chilean Chapter).

    Marcelo Armas - Oxford University Press
  • January 2008 -

    Global Legal Group. "Set - Off Law and Practice - An International Handbook" (Chilean Chapter).

    Marcelo Armas - Oxford University Press
  • 26 April, 2021 Chile

    Deal of the Year: the shortlists for M&A, private equity and ESG

    Ver publicación
  • 13 October, 2020 Chile

    Winners of Latin Lawyer’s 2019 Deal of the Year Awards announced

    Ver publicación
  • 27 May, 2020 Chile

    Debt capital markets league table 2019: Chile

    Ver publicación
  • 22 May, 2020 Chile

    Cleary Gottlieb Advises on $3.24B in Financing for Chile

    Ver publicación
  • 6 February, 2020 Chile

    PPU Chile’s Banking and Finance Team receives two new awards

    Ver publicación
  • 24 September, 2019 Chile

    CMPC gets Japanese green financing

    Ver publicación
  • 29 May, 2019 Chile

    Chile raises US$1.9 billion through peso-denominated issuance

    Ver publicación
  • 12 July, 2018 Chile

    Scotiabank instructs PPU on $485m financing to Chilean telecom company

    Ver publicación
  • 11 January, 2018 Chile

    PPU announced new co-chair in Chile

    Ver publicación
  • 4 January, 2018 Chile

    Banco Santander Chile offers debt

    Ver publicación
  • 24 August, 2017 Chile

    Two Chilean wind farms get project finance

    Ver publicación
  • 9 August, 2017 Chile

    World’s largest copper miner offers US$2.75 billion in bonds

    Ver publicación
  • 7 July, 2017 Chile

    Cleary, Morales & Besa and PPU in multi-currency Chile debt taps

    Ver publicación
  • 26 June, 2017 Chile

    PPU and Del Rio Izquierdo steer China Chile aircraft lease

    Ver publicación
  • 5 June, 2017 Chile

    Torres Unidas refinancing calls on Greenberg, Barros & Errázuriz and PPU

    Ver publicación
  • 30 May, 2017 Chile

    Pacific Hydro secures a $500 Million innovative global funding platform

    Ver publicación
  • 16 May, 2017 Chile

    PPU agrees Canadian export financing in Chile

    Ver publicación
  • 8 May, 2017 Chile

    LATAM bond offer calls on five firms

    Ver publicación
  • 24 March, 2017 Chile

    Barros Errázuriz and PPU sign US$400 million paper financing

    Ver publicación
  • 26 January, 2016 Chile

    Chile completes historic 1 trillion peso debt tap

    Ver publicación
Back

Studies

  • 1993 Master University of Chicago, EEUU Máster in Law

  • 1988 Lawyer Universidad de Chile; Chile

Back

Memberships

  • Colegio de Abogados de Chile
  • International Bar Association (IBA)
Back

Academic activities

Back

Seminars and Conferences

  • Speaker Latin Lawyer 2nd Annual Regional Project Finance Summit Washington, D.C. Estados Unidos 2014