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Latin America Guide
Firm Profile

Acuña, Hoetz & Cifuentes

Firm Profile

Santiago de Chile

  • Profile
  • Av. Américo Vespucio Sur 80
  • Piso 2
  • Las Condes
  • Santiago de Chile
  • Santiago
  • Chile

Firm profile submitted by Acuña, Hoetz & Cifuentes

Acuña, Hoetz & Cifuentes continues to be one of the few absolutely specialist firms in this area and is the undisputed market leader in insurance and reinsurance, with a focus on high-value losses. The firm provides customized, top-quality legal advice to local and international insurance/ reinsurance companies and brokers. Matters relating to arbitration and litigation are a particular area of expertise. In the 2017 edition of Chambers and Partners Latin America Client’s Guide, Alejandro Acuña was ranked as Leading Individual in Band 1, an honor he had previously been awarded in 2012, 2013, 2014, 2015 and 2016. He was also ranked as "Lawyer of the Year" in Chile by Best Lawyers 2015 (Insurance) and market sources describe him as "a highly regarded litigator, widely respected in the field." On the other hand, Felipe Hoetz was ranked in Chambers and Partners 2016 (Up-and-coming individual) and 2017 (Band 3) and was described as "highly recommended by interviewees, who highlight his long experience in the Chilean insurance market." The team also benefits from Luis Cifuentes’ superb recognition for his litigation expertise. The sum of their individual talents has merged to consolidate the firm as a professional team without precedent in Chile.

Furthermore, The Legal 500 'Clients’ Guide to the Latin America Legal Profession' ranked Alejandro Acuña as Leading Lawyer in 2012, 2013, 2014, 2015 and 2016 and described Felipe Hoetz as 'always available to help out, prompt in his responses, diplomatic, and knowledgeable of all aspects of the cases he works on.'

MAIN AREAS OF PRACTICE: The team advises an impressive portfolio of domestic and international clients across the insurance and reinsurance spectrum. Recent matters in which the partners have been involved include:

■ Advising reinsurers in respect to a railwayrail bridge collapse loss occurred in August 2016, whereand seven wagons with sulfuric acid and diesel fellfalling into the Tolten River, Pitrufquen, Chile

■ Assisting insurers in an ongoing arbitration regarding the intended enforcement of a D&O policy and a Fidelity policy, pursued by the Trustee of FIT bankrupted stock broker

■ Advising reinsurers during the adjustment of a large loss affecting Chacayes Hydroelectrical Plant owned by Pacific Hydro and others

■ Advising reinsurers in a claim filed by a service company in the transport of valuables and ATM administration services, whose owners used the missing money to fund the company´s operating expenses and were criminally indicted

■ Assisting insurers in an ongoing arbitration with power producer and distributor SAESA regarding a loss under a liability insurance policy, having the lawsuit been already ruled out in first instance

■ Assisting insurers in filing subrogation actions before ordinary Courts in respect of a US$ 90 million loss affecting several buildings located in the main financial and commercial area of Santiago as a consequence of flooding

■ Assisting insurers in filing subrogation actions in respect of a US$10 million loss affecting WALMART as a consequence of a fire

■ Assisting insurers in an ongoing arbitration with respect to a loss affecting the Hornitos power plant, owned by E-CL (GDF SUEZ)

■ Assisting insurers in an ongoing lawsuit filed by construction company CON- PAX in respect of two losses arising from flooding

■ Assisting the insurers in an ongoing arbitration filed by a Casino

■ Assisting insurers in an ongoing lawsuit against LA POLAR, its directors and officers, regarding the validity of a D&O insurance policy

■ Assisting the defendant in settling an US$ 84 million lawsuit filed by the owner of a power plant insured under an operational policy

■ Assisting insurers in settling an arbitration with GASANDES regarding a loss affectingin a 463-kilometre long gas pipeline from Argentina to Chile

■ Advising the reinsurers of a local insurer in respect of a claim filed by its insured Petrobras Chile, as a consequence of a fuel leak from its plant facilities at Iquique

■ Assisting insurer in its discussions with its London reinsurers in order to settle a claim involving the total loss of an insured Eurocopter EC135 helicopter, owned by Chile's Police Force (Carabineros)

■ After the firm concluded its work for insurer during its discussions with its London reinsurers in order to settle the claim involving the total loss of an insured Eurocopter EC135 helicopter, the reinsurers retained the firm in order to explore the possibilities of subrogation actions against those responsible for the loss

■ Assisting the London reinsurers of Chilean insurer to represent them during the loss adjustment procedure of a loss affecting an insured Agusta 109SP helicopter. In addition, the firm was retained to exercise subrogation actions. against those responsible for the loss

■ Assisting in the incorporation of a new insurance company by a foreign insurer and local investors (SOMPO)

Branches

  • Av. Américo Vespucio Sur 80,
  • Piso 2,
  • Las Condes ,
  • Santiago de Chile,
  • Santiago
  • Chile
  • Tel +56 22 206 4237
  • Fax +56 2 206 2008
  • Website : www.acuna-hoetz.com