UB Conservación – Conservation law
UB Conservación
The conservation law and natural capital practice of Ubilla y Cía., in cooperation with the Fundación Centro de Derecho de Conservación.

Conservation experts with more than 30 years of experience.
Our experience covers projects spanning more than 500,000 hectares in Chile and, more recently, conservation rights covering more than 30,000 hectares.
What we do
Conservation rights
Design, drafting and creation of conservation rights under Law No. 20.930, case by case.
Holder entity
We structure the entity that holds the right —for-profit or non-profit— together with the owner, the community or the investors.
Contracts and management plans
Conservation contracts, management plans, governance and long-term monitoring mechanisms.
Natural capital
Natural capital assets and their accounting under international accounting standards, together with Natural Capital DMB.
Audit · CR Compliance Seal
External and independent verification of compliance with Law No. 20.930, carried out by the Fundación Centro de Derecho de Conservación, with ecosystem and natural capital assessments by Natural Capital DMB.
Companies, cities and territory
Real estate projects, urban green areas, environmental offsets and sustainable productive projects.
No custodians or guarantors needed
Law No. 20.930 provides for a holder of the right, who may be the owner or an entity the owner trusts. Compliance is assured through independent external audits: the auditor cannot be the holder of what it audits. Read more
Who we work for
- Landowners , rural and urban, who want to protect their land over the long term.
- Companies that need offsets, measures for environmental assessment or verifiable sustainability targets.
- Developers of real estate projects, subdivisions and parcelling schemes that include conservation areas.
- Foundations, communities and municipalities that manage natural spaces.
- Investors , Chilean and foreign, interested in natural capital assets.
Why Ubilla y Cía.
Dr. Jaime Ubilla is the original proposer of the conservation right (2003) and drafted the final articles of Law No. 20.930 through amendments submitted to the Chilean Senate committees, as Executive Director of the Centro de Derecho de Conservación (2014, 2015 and 2016). Central elements of his drafting include the definition of the conservation right (art. 2) —with its two essential elements: the faculty to conserve and its object, the environmental patrimony of a property and its attributes or functions— and the qualification of those attributes or functions as immovable property (art. 3). His doctoral research at the University of Edinburgh and his academic publications on the subject support a practice that combines legal theory, legislative experience and advice on concrete projects.
Recent projects, completed or under way
Conservation rights created or being structured under Law No. 20.930 —applying the IUCN Standards and the Ecosystem Approach— throughout Chile, from Antofagasta to Magallanes.
Conservation Area








Other projects in progress
We are working on several other projects, and our experience is that each case required tailor-made solutions. The Centro de Derecho de Conservación and Ubilla & Cía. are keen to provide as much pro bono support as possible for the proper implementation of this new reflexive conservation paradigm.
Source: Centro de Derecho de Conservación (centroderechoconservacion.org) · Tierra Fértil (tfertil.cl) · Natural Capital DMB project database · Photos: Santuario Quitralco, Tierra Fértil, Vibra Propiedades, UB Conservación archive y PaleoJos (Sierra Baguales, Wikimedia Commons, CC BY-SA 4.0)
The conservation right, in detail
To learn about the Chilean conservation right in detail —what it is, Law No. 20.930 article by article, its legislative history, holders, conservation standards and the SBAP Law— visit derechorealdeconservacion.cl (in Spanish), the reference site we develop in cooperation with the Fundación Centro de Derecho de Conservación. English pages: The Conservation Right · General Features.
Recent publications
The conservation right and natural capital at the 2026 Stanford Symposium
Property rights as the basis for natural capital accounting and IFRS.
June 2026 · El Mercurio LegalConservation, subdivisions and a mistaken diagnosis of the conservation right
Six clarifications: the conservation right does not legitimise subdivisions, and there are no custodians or guarantors.
Download our brochure
Learn how UB Conservación, the Centro de Derecho de Conservación and Natural Capital DMB implement conservation rights, conservation right audits and natural capital projects. Leave your details and receive our newsletter as well.
Resources
Ubilla y Cía.Audit · CR Compliance SealDr. Jaime UbillaBlogNatural Capital DMBCentro de Derecho de ConservaciónInstagram @ub_conservationYouTube: Todos Pueden Conservar
Talk to us
Tell us about your conservation, city or natural capital project.
Write to Dr. Jaime UbillaConservation law at Ubilla y Cía.We reply within 48 business hours.
jubilla@ub-co.com · Nueva de Lyon 145, of. 802, Providencia, Santiago
Follow us on Instagram: @ub_conservation