Carey & Cía is Santiago’s largest firm, according to Latin Lawyer, and so serves as “the reference in almost every practice”.
At its helm is Jorge Carey, who is “widely esteemed as a leading mind of his generation”. The guide to the best Latin American law firms goes on to say that Carey is today as known for arbitration work as for his core practice area, corporate, and that his arbitration practice “built up very quickly indeed”.
The practice also gained momentum through the arrival of special counsel Dyala Jimenez, the former director of the ICC court’s Latin American division, who moved to the firm in 2007 (and has since moved on again). Partner Gonzalo Fernández Ruiz now heads the practice.
As well as commercial work, the firm has experience of investment treaty arbitration, having been one of the advisers to the Chilean government in the long-running ICSID case brought by Victor Pey Casado, the former publisher of a newspaper seized by the Pinochet regime. In 2008 a tribunal awarded Pey US$10 million (well short of the US$550 million he claimed), which Chile is now seeking to annul. In May 2010 an ad hoc annulment committee refused to order Chile to post security pending the outcome of the proceedings. At Carey & Cía the case is being handled by Jorge Carey and Gonzalo Fernández Ruiz.