Jessica Power
Partnerjpower@carey.cl
+56 2 2928 2226
Partner of Carey's Tax Group with more than 20 years of practice in tax law, with extensive experience in tax consulting, tax planning, tax litigation, M&A, restructurings, and financing.
Jessica was the first woman to be elected as a partner in Carey in 2008. Since then, she has been committed to diversity and inclusion in the legal profession. She was co-founder of the mentorship program for young female lawyers of the Vance Center, "Learning to Lead", that was recognized by Chambers and Partners as the best mentoring program in 2016. She is a member and mentor of the network WIT (Women in Taxes) and she has been twice chosen as one of the 100 female leaders in Chile by El Mercurio, an award that highlights female leadership for contribution to the economic and social development of the country.
As a partner at Carey, she assists foreign multinational groups, focusing on strategic tax advice and tax controversies, with wide experience in litigation in Chilean courts. She has prevailed in several complex litigation cases. She has also been involved in many of the country's most important transactions, and her practice has focused on strategic decisions in highly complex matters and legal opinions. She has advised clients such as MetLife, Provida, Ontario Teacher's Pension Fund, SAESA, Chilquinta Energía, Masisa, Iansa, Air Products, Zurich-Santander, Santander-Consumer, among others.
REPRESENTATIVE EXPERIENCE
- A multinational bank on the tax aspects related to the acquisition of a majority stake and control of a local bank for more than USD2 billion.
- A multinational financial institution on the tax aspects of the sale of its Chilean affiliate to a Colombian holding.
- One of the largest electric power companies in the world on the tax aspects of a capital increase of nearly USD6 billion, one of the largest ever executed in Chile.
- A Canadian pension fund on the tax aspects of the acquisition of a 49.99% stake in a Chilean subsidiary for more than USD1 billion.
- Several mining and energy companies on the tax matters related to credit agreements to finance energy and mining projects.
- An international utility company on the tax aspects of the sale of a group of local companies to an international consortium for approx. USD870 million.
- Several local and multinational companies on tax lawsuits and on VAT exemptions.
- A Latin American group on the local tax aspects of a regional restructuring.
- An international pension manager on a tax efficiency analysis for the acquisition and development of new projects; on the update, under new regulations, of the group's financial institution in the registry of the Chilean tax authority; and on several audits by the Chilean regulator.
- A high net worth individual on restructuring her ownership in holdings and operative companies in Chile and abroad; inheritance tax matters; and defense before audits of the Chilean regulator.
- A Chilean entity on adjusting its investment model from a tax and financial perspective based on the recent tax reform, to mitigate its effect.
AWARDS AND RECOGNITIONS
- "Women in Tax Leader" Award, ITR World Tax (2024 and 2017).
- Recognized in Tax, Chambers Latin America.
- Recognized in Tax, Legal 500.
- Recognized in Tax, Latin Lawyer 250.
- Recognized in Corporate Tax - Advisory, Lexology Index.
- Recognized in Tax, Best Lawyers.
- Recognized in Corporate Tax, Leaders League.
- Recognized in Tax, Top Ranked Legal.
- Named Lawyer of the Year in Tax, Best Lawyers (2014).
- Recognized twice as one of the 100 female leaders in Chile, El Mercurio (2008 and 2015).
ACTIVITIES AND MEMBERSHIPS
- Member of the Board, MetLife Chile Compañía de Seguros.
- Member of the Expert Female Lawyers Guide, prepared by Colegio de Abogados de Chile (Chilean Bar Association).
- Founder and mentor of the mentorship program for young female lawyers "Learning to Lead", organized by Carey (Best Mentoring Program for Women, Chambers & Partners, 2016).
- Current member and former director (2017-2019) of the International Fiscal Association, Chilean Branch.
- Member of the legal branch of ICARE, a non-profit organization renowned as a significant platform for analysis and reflection within the business sphere in Chile.
- Member and mentor of the network WIT (Woman in Taxes).
- Member of the Chilean Tax Law Institute.
- Professor of a class on Income Tax Law and a class on Inheritance Tax Law at the Master in Tax Law, Universidad Adolfo Ibáñez.
- Member of the Chilean Tax Law Institute.
- Member of the Chilean Bar Association.
PUBLICATIONS
- Co-author of the Chilean chapter in ICLG - Corporate Tax (2019 and 2020).
- Co-author of the Chilean chapter in Corporate Tax, Global Practice Guides, Chambers & Partners (2016).
SEMINARS
- Frequent lecturer and attendant in important tax seminars, conferences, and congresses in Chile and abroad, such as those organized annually by the International Bar Association (IBA), the International Fiscal Association (IFA); by PERUMIN in 2017; and by the National Tax and Customs Office of Colombia in 2019.
RELATED AREAS
EDUCATION
- Law, Universidad de Chile (Summa Cum Laude).
- Degree in Tax Law, Universidad de Chile.
ADMISSIONS
- Chile (1999).
LANGUAGES
- Spanish.
- English.
