Our Managing Partner, Felipe Díaz Toro, and Associate Francisca Jil Díaz have been distinguished with the highest recognition, OUTSTANDING, in the Chile 25.1 edition of LIR
May 28, 2026
We are pleased to introduce Felipe Díaz Toro (Managing Partner) and Francisca Jil Díaz (Associate) of EDN Abogados, who have been awarded the highest distinction, OUTSTANDING, in the Chile 25.1 edition of LIR in the AlternativeAssets category.
This recognition is granted by the LIR Council, a panel composed of legal departments from leading companies such as Airbnb, Banco BICE, Aguas Andinas, NotCo, Vanguard, Enex, ISA Vías en Chile, TransUnion, Tenpo, and WSP Consulting Chile, among others, representing a broad range of industries. Through their practical, in-house perspective, corporate lawyers assess the real value of published articles, awarding the Outstanding distinction to those that provide significant added value by offering ideas or tools that can immediately influence or support business decision-making.
In their article, the authors explain that, as alternative assets become increasingly sophisticated, the legal opinion has become the key document for allocating and mitigating legal risks. Unlike a local legal report, this formal opinion—rooted in the Anglo-Saxon legal tradition—does not assess facts or factual circumstances, but rather reaches legal conclusions regarding the validity, existence, and enforceability of a transaction. They argue that requiring this document from fund structurers is now a market standard and a best practice for investors and family offices in Chile. The concept of reliance grants investors the right to rely on the opinion's conclusions and establishes a direct legal relationship with the issuing law firm. While it does not guarantee investment performance, it reduces structural legal uncertainty by creating direct accountability, protecting against contingencies, and providing financial backing through professional liability insurance, adding a critical layer of security to the due diligence process.
Read the full article here: https://acesse.one/yrhrw4m
