Back

Marcelo Armas

Partner / Chile
  • Practice areas / Banking, Finance and Capital Markets
  • Languages / English, Spanish, French

Partner at PPU and Co- Chair of the firm. 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. "

Acclaimed department co-head Marcelo Armas is widely acknowledged by sources for his expertise in syndicated financing. Interviewees describe him as "a very judicious lawyer," with one client pointing out: "Working with him in financial deals gives me peace of mind." Banking, Finance and Capital Markets
Esteemed head of department Marcelo Armas acts as lead counsel on a number of the firm's most significant mandates. He is highlighted by sources as an "excellent lawyer who works very well as part of a team."Market commentators go on to add: "He is a very good and dedicated partner who is committed to client service." He is also regarded as a leading figure in the banking and finance and projects spaces. Chambers and Partners – Capital Markets
Highly respected practitioner Marcelo Armas co-heads the department and offers market-leading expertise in the projects space and additional capabilities in the banking and finance and capital markets fields. Clients recognise "his outstanding skills dealing with project finance matters." Chambers and Partners - Projects
The way he works is outstanding. He is well recognised as one of the best financing lawyers in Latin America Chambers & Partners 2019 - Banking, Finance and Capital Markets
Back

Work experience

  • 2015 - a la actualidad 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
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