Arnaldo Gorziglia C.

Partner

  • agorziglia@agycia.cl
  • 56229476802
  • Vcard

Arnaldo Gorziglia co-heads the Corporate Practice of Arteaga Gorziglia. He has more than 30 years of experience in commercial law, corporate law, corporate acquisitions and sales, and commercial contracting. He specializes in mergers and acquisitions; project financings of all types of projects, especially infrastructure; corporate restructurings and reorganizations; capital markets transactions, including equity and debt issuances; and foreign investment. He has extensive experience in corporate governance matters as a director of open and closed corporations.

  • Advised the Omeñaca family in the sale of Cecinas Omeñaca to Investera Foods.
  • Advised Sociedad Concesionaria Nueva Vespucio Sur S.A., concessionaire of the Vespucio Sur urban highway, in the registration, issuance and placement of local bonds.
  • Advised Sociedad Concesionaria Nueva Vespucio Sur S.A., concessionaire of the Vespucio Sur urban highway, in the process of voluntary redemption of local bonds with financial guarantee of monoliner insurer and prepayment of foreign credit with the Spanish institution Instituto de Crédito Oficial.
  • Advised Grupo Costanera SpA, holding company of concessionaires of the urban highways Costanera Norte, Vespucio Sur, AVO II, Radial Nororiente, Red Litoral Central and Acceso Aeropuerto AMB in the granting of a syndicated loan.
  • Advised an Australian investment fund in the bidding process for the Santiago Los Vilos highway.
  • Advised Sembrador Capital de Riesgo S.A., administrator of Fondo de Inversión Privado Agrodesarrollo in the sale of Nucis Austral SpA.
  • Advised Grupo Costanera, holding company owner of several toll roads concessioned in Chile, in a bridge financing granted by Banco de Chile and Itaú.
  • Advised Sociedad Concesionaria Vespucio Oriente S.A. in legal matters related to its construction and operation.
  • Advised Sembrador Capital de Riesgo S.A., administrator of Fondo de Inversión Privado Agrodesarrollo, in the sale of Botanical Solutions Inc.
  • Advised Sembrador Capital de Riesgo S.A., manager of the private investment fund Fondo IV, in the sale of its hazelnut business comprising El Olmo SpA and Santa Cristina SpA to Ontario Teacher.
  • Advised Sembrador Capital de Riesgo S.A., administrator of the Victus private investment fund, in the purchase of Novacer SpA, a company engaged in the agro-industrial business.
  • Advised Productividad 360 in the purchase of the Control App platform from Buk.
  • Advised Banco Estado in the granting of a Project Finance loan to a subsidiary of EPM for the construction and operation of a water treatment pipeline for a mining company.
  • Advised Grupo Costanera, one of the main highway operators in Chile, in the modifications to the project financing of its concessionaires to adapt the toll collection system.
  • Advised Walmart Chile in the planning and implementation of a reorganization consisting of a reverse merger with its parent company.
  • Advised Engie Energía Chile S.A. in the negotiation, drafting, closing and initial disbursement of a US$250 MM green credit facility granted by Scotiabank Chile.
  • Advised Sociedad Concesionaria de Los Lagos S.A., holder of the concession for the construction and operation of the toll road "Ruta Cinco Sur Tramo Río Bueno - Puerto Montt" in a financing granted by Banco de Chile for a total amount of US$100MM.
  • Advised Sociedad Concesionaria Américo Vespucio Oriente S.A. ("AVO") in a discrepancy before the Concessions Technical Panel regarding compensation for additional works in the construction of the Vespucio Oriente urban highway.
  • Advised Abu Dhabi Investment Council (ADIC) in the acquisition of an indirect participation in the LPG terminal project of Gasmar S.A. in the port of Quintero.
  • Advised Grupo Costanera in the renegotiation of its contracts with the Ministry of Public Works for its concessions of the Costanera Norte and Vespucio Sur urban highways.
  • Advised Australian multinational Ixom in the sale of all its businesses, operations and assets in Latin America. The sale included Ixom's operations in Brazil, Argentina, Peru and Colombia.
  • Advised the local family office DDRío Inversiones, in a partnership with an agro-industrial group for the exploitation of a hazelnut agricultural project in the Maule Region in Chile.
  • Advised group of foreign banks and life insurance companies as lenders in the accession to the financing of UK-based IMD Group, its acquired subsidiary Transmisión y Almacenamiento A Más S.A. (A+V), and in the granting of securities under Chilean law in connection with the financing.
  • Advised Frontal Trust in the acquisition of the San Cristobal Tunnel and Américo Vespucio Norte concessions from Brookfield Infrastructure Partners. The value of the transaction was USD$770MM.
  • Advised the financial institution Coopeuch in the acquisition of all the assets of a fintech for the development of a prepaid digital card business.
  • Advised Sociedad Concesionaria Costanera Norte S.A. in the financing of complementary works of the Costanera Norte Highway in the city of Santiago, for a total amount of USD $400 MM.
  • Advised a group of foreign lenders in the accession to the financing and granting of securities by the Chilean subsidiary of Benchmark Holdings PLC, in connection with a financing transaction involving a bond issue in Norway and a credit facility from the United Kingdom.
  • Advised a group of foreign banks led by DNB Bank in the granting of a security package in respect of assets of the Chile-based subsidiary of Benchmark Holdings PLC, in the framework of a financing granted abroad to the English company, including bonds and a credit line for a total amount of US$100MM.
  • Advised Walmart in the acquisition of online retail startup Cornershop. Cornershop operated in Chile, Mexico and other Latin American countries. The transaction involved jurisdictions in the United States, Mexico, Chile, Cayman Islands, Colombia, Peru and Argentina. The value of the transaction was USD$ 225MM.
  • Advised Walmart on the sale of its financial business to Banco de Crédito e Inversiones.
  • Advised an infrastructure fund of the investment bank Goldman Sachs in a bidding process for the purchase of shares of the Von Appen Group's port business in several countries in the region, including Chile.
  • Advised Walmart in a corporate and tax reorganization of its financial business (Presto), in the context of the sale of the business to a financial institution.
  • Advised Walmart in the sale of its shopping mall business in Chile to Confuturo and Corpfuturo (insurance companies controlled by ILC). The value of the transaction was USD$ 650MM.
  • Advised NV Bekaert S.A. in the merger of its cable business with Bridon Group's Ropes Business, a subsidiary of Ontario Teachers' Pension Plan. The value of the transaction was USD$ 1,200 MM.
  • Advised NV Bekaert S.A. in the reorganization process of its wire business in Chile.
  • Advised Sociedad Concesionaria Vespucio Oriente S.A. (owned by Sacyr and OHL) in the development, financing and construction of the Américo Vespucio Oriente highway in Santiago de Chile.
  • Advised the consortium formed by OHL, Odinsa and Zurich Airports in the bidding process promoted by the Chilean government for the construction of the expansion and operation of the Santiago Airport.
  • Advised Grupo Costanera SpA in the merger of its subsidiaries Sociedad Concesionaria Vespucio Sur S.A. and Sociedad Concesionaria Nueva Vespucio Sur S.A.
  • Advised the Inchalam group in the corporate reorganization of its cable business in Chile, Brazil, Peru and Canada.
  • Advised OHL in the bidding process promoted by the Chilean government for the concession of the expansion, construction and operation of the "Vespucio Oriente" urban highway in the city of Santiago with an estimated investment of USD $1,800 MM.
  • Advised "Terminal Cerros de Valparaíso S.A.", holder of the concession for the construction and operation of "Terminal Dos" of the port of Valparaíso, for the financing of the operation of the port.
  • Advised OHL Concesiones in the bidding process promoted by the Chilean government for the construction and operation of Terminal Two of the port of Valparaíso.
  • Advised a consortium of foreign companies in the award and execution of the contract for the design of Hospital Sótero del Río, Hospital Puente Alto, and Hospital Félix Bulnes, all located in the city of Santiago.
  • Legal advice to Atlantia (Italian company controlled by the Benetton group) for the acquisition of shares in the Italian companies Sias and Mediobanca in Grupo Costanera (infrastructure company owner of urban and interurban highways, including the "Costanera Norte" and "Vespucio Sur" highways, two of the most important highways in Chile and Latin America).
  • Advised two local investment funds managed by AGM Las Américas in the acquisition of 50% of Autopistas Antofagasta S.A. concessionaire.
  • Advised Cintra Concesiones de Infraestructuras de Transportes de Chile S.A. in the acquisition of Sociedad Concesionaria Autopista del Bosque S.A. The purchase transaction was associated with the modification of the Concessionaire's financing agreements and a bond issue of the Concessionaire, with financial insurance, from which the price was paid(Leverage Buy Out).
  • Advised Impregilo SpA in the sale of Sociedad Concesionaria Costanera Norte S.A., urban toll road, to Autostrade SpA.
  • Advised Autopista del Maipo Sociedad Concesionaria S.A. in the issuance of bonds denominated in UF in the local market insured by MBIA Insurance Corporation and bonds in the USA under Rule 144A.
  • Advised Sociedad Concesionaria Autopista del Bosque S.A. in the registration of a bond line and issuance of UF-denominated bonds in the local market, insured by XL Insurance Bermuda Ltd.
  • Advised Talca Chillán Sociedad Concesionaria S.A. in the placement of bonds denominated in UF in the local market under a bond line. The bonds were insured through an insurance policy by MBIA Insurance Corporation.
  • Advised Cintra Concesiones de Infraestructuras de Transporte de Chile S.A. in the purchase of a stake in Talca Chillán Sociedad Concesionaria S.A. from Empresa Constructora Delta S.A.
  • Advised Empresa Nacional de Petróleo in the merger of Emalco S.A. into Enap Refinerías S.A.
  • Advised Empresa Nacional de Petróleo in the merger of Petrox S.A. Refinería de Petróleo and Refinería de Petróleo Concón S.A. to create Enap Refinerías S.A.
  • Advised Koninklijke Ahold N.V. in the sale of Supermercados Santa Isabel S.A. to Cencosud S.A.
  • Advised Koninklijke Ahold N.V. in the sale of the subsidiaries of Santa Isabel S.A. in Peru (Santa Isabel Perú S.A.) in Paraguay (Supermercados Stock S.A.) and in the Cayman Islands (Santa Isabel Overseas).
  • Attorney at law at Simpson, Thacher & Bartlett (New York, USA) in 1998 and 1999.
  • Attorney at law at Bingham LLP (Boston, U.S.A.) in 1998.
  • Professor of Commercial Law at the Law School of the Pontificia Universidad Católica de Chile since 2000.
  • Director of Fondo de Infraestructura S.A. between 2018 and 2023.
  • Director of the Chilean-Indian Chamber of Commerce between 2007 and 2022.
  • Director of the Social Union of Christian Entrepreneurs from 2008 to 2018.
  • Partner of Morales Noguera Valdivieso y Besa between 2004 and 2007.
  • Director of Santa Isabel S.A. from 1999 to 2002.
  • Member of the Chilean Bar Association.
  • Member of the International Bar Association (IBA).
  • Chambers & Partners, Corporate / M&A - Latin America Guide, recognized since 2011.
  • Chambers & Partners, Projects - Latin America Guide, recognized since 2011.
  • Chambers & Partners, Corporate / M&A - Global Guide 2024
  • Legal 500, Corporate and M&A (Leading Partner).
  • Legal 500 - Latin America Chile - Recommended Lawyer: Banking and Finance; Projects and infrastructure.
  • Nominated as "Corporate and M&A (High End) Lawyer of the year" - Legal 500 Chile Awards
  • Leaders League 2025: Corporate / M&A; Banking & Finance; Banking & Finance: Project Finance.
  • Recognized in Best Lawyers in Chile since 2015: Corporate and Mergers and Acquisitions Law; Project Finance and Development Practice.
  • IFLR 1000, Project development / M&A, Ranking (2024).

Agribusiness
Banking and Finance
International Trade
Construction and Engineering
Family businesses and business groups
Mergers and Acquisitions
Investment Funds
Infrastructure and Project Development
Foreign Investment
Licensing, Franchising and Distribution
Logistics and Transportation
Maritime and Port
Capital Markets
Fishing and Aquaculture
Private Equity
Venture Capital

Training

  • Lawyer. Law School of the Pontificia Universidad Católica de Chile, Licentiate in Law (1994).
  • Master of Laws (LL.M.), Duke University School of Law, USA (1998).
  • Accounting and Financial Contracts, Colegio de Ingenieros de Chile (2006).
  • Law Firm Management, ESE Business School 2015.
  • Accounting and Finance ESE Business School 2018.

Languages

English, Spanish
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