SCHEDULE
Wednesday, September 26th
6:00pm - 9:00pm
Exhibitor Set Up
7:00pm - 8:30pm
Welcome Cocktail Reception / Early Registration
Sponsored by
Please Join us at Terrace the Riu Plaza Hotel where the view
of the city´s modern skyline can be admired at its best. Enjoy
Signature Panamanian cocktails with light appetizers as you meet
other delegates attending the conference and get reacquainted
with colleagues from other jurisdictions.
Thursday, September 27th
NOTE: Simultaneous translation to and from English/Spanish will be
available for every presentation. Business casual attire is suggested
for the duration of the conference.
7:15am - 8:00am
8:00am - 8:40am
8
Continental Breakfast, Registration & Meet the Sponsors
Opening Remarks
LATAM 2012, PANAMA - DELEGATE HANDBOOK
Ivan Hooper,
STEP LatAm
Conference Chair, Uruguay
John Lawrence,
Deputy Chair, STEP WW
Alberto Diamond,
Superintendent of Banks of
the Republic of Panama
8:45am - 9:25am
Ultra-High Net Worth: An Economist’s Global Perspective
of Where the Wealthy Are and How it Affects Latin America
Jeffrey Rosensweig will take us on a global tour of concentrations
of ultra-high net worth individuals, where they are located, where
does their wealth come from and how does that impact the LatAm
market place.
9:30am - 10:30am
Latin America and IFCs: Partners in a Transparent World
Is the traditionally perceived view of the relationship between
IFCs and Latin America outdated? Such issues as to whether
IFCs perform a role in the legitimate movement of investment
capital within a world of increasing global transparency and how
such increasing transparency impacts the use of IFCs for Latin
American planning will be examined and discussed.
COFFEE BREAK
11:00am - 11:40am
Tax Reform/ Latin American Regional Update (Spanish)
Estate planning continues to be influenced in many countries by
a variety of tax considerations related with changes in domestic
tax law. A panel of experts from several countries, will provide
in-depth insight about how current tax developments are
impacting estate planning in each country.
AML: Current Issues for Latin America
International standards on AML and countering the financing of
terrorism impact us all. However, advisers and clients from LatAm
countries sometimes face particular hurdles and current issues,
including how LatAm countries have fared in assessments by the
supranational bodies and others; where LatAm fits into the grand
scheme of global developments on AML; cooperation between
regulators in LatAm and IFCs and any particular issues with
clients from certain LatAm countries, will be examined.
12:30pm - 1:45pm
LUNCH
Adolfo Linares,
Tapia, Linares & Alfaro,
Panama
Andrew Miller,
Walkers, Cayman Islands
Hon. L. Ryan Pinder,
The Government of The
Bahamas, Bahamas
Moderator:
Richard Hay,
Stikeman Elliott,
United Kingdom
Sponsored by
10:30am - 11:00am
11:45am - 12:25pm
Jeffrey A. Rosensweig,
Goizueta Business School,
Emory University, USA
Luz Clemencia Alfonso,
Lewin & Wills Abogados,
Colombia
Javier Canosa,
Canosa Abogados,
Argentina
Miguel Macias
Carmigniani,
Macias Hurtado y Macias,
Abogados, Ecuador
Moderator:
Ron Evans,
Baker & McKenzie,
Venezuela
Ben Tonner,
Samson & McGrath,
Cayman Islands
Presenting Sponsor
September 27–28, 2012
Hotel Riu Plaza
9
1:45pm - 2:30pm
Accidental Gringo II (Spanish)
A very important topic and one of the favourites from STEP LatAm
2011, Eduardo R. Arista will further explore the circumstances
under which Latin American individuals may find themselves
subject to U.S. tax on their worldwide income and/or estate and
some planning strategies.
2:30pm - 3:10pm
The Role of the Trusted Advisor in Latin America (Spanish)
The Latin American ‘private client’ looks for advice that crosses
different professional disciplines and jurisdictions, including
investments, tax and estate planning, as well as estate
administration and sucession issues. Which professional - if
any - should take the lead in assuring that the Client receives
comprehensive advice? Santiago Ulloa of Genspring Family
Offices discusses his experience on this subject in working with
ultra high net worth families in Latin America.
3:15pm - 4:15pm
COFFEE BREAK
4:15pm - 5:00pm
Repatriation of Funds Back Into Latin America
Closing Remarks
Evening
Open Evening
Santiago Ulloa,
GenSpring Family Offices
International, USA
Sponsored by
An earlier generation may have structured overseas assets in a less
sophisticated era. The panel will look at ways of repatriating
and/or restructuring such assets from a tax, disclosure and practical
perspective looking at Brazil and Mexico in particular.
5:00pm - 5:30pm
Eduardo Arista,
Arista Law, USA
Elias Adam,
Tron Abogados, S.C.,
Mexico
William Heuseler,
Itaú Private Bank
International, USA
Andrea Nogueira,
Velloza e Girotto
Advogados, Brazil
Moderator:
Ezequiel A. Camerini,
Fox Horan & Camerini LLP,
USA
Andrew Miller,
Walkers, Cayman Islands
Friday September 28th
NOTE: Simultaneous translation to and from English/Spanish will be
available for every presentation. Business casual attire is suggested
for the duration of the conference.
10
7:45am - 8:30am
Continental Breakfast and Meet the Sponsors
8:30am - 8:45am
Opening Remarks
LATAM 2012, PANAMA - DELEGATE HANDBOOK
Joseph Kellogg,
HSBC Private Bank (Miami),
USA
8:45am - 9:25am
Techniques and Strategies for Dealing with Family Dynamics
All too often the dynamics between one generation and the next,
and amongst those of the same generation, contain inherent causes
of conflict. The speaker will suggest strategies for minimising
those conflicts, thus ensuring a seamless transition of family
assets and governance.
9:30am - 10:10am
Planning for LatAm Family Businesses
The family business is often the family’s most important asset.
However, too often, not enough thought is given to succession,
governance and related issues leading to unfortunate consequences
for the family’s wealth and harmony. Strategies for pre-empting and
avoiding such results will be examined.
10:10am - 10:15am
Presentation of Case Study
10:15am -10:45am
COFFEE BREAK
Alan Heath,
The Strategy
Group, Inc., USA
Edmund Granski,
Counselor at Law, USA
Andrew Miller,
Walkers, Cayman Islands
Sponsored by
10:45am - 11:25am
&
11:30am - 12:15pm
12:15pm - 1:45pm
Case Study: Corporate Governance & Structuring
Delegates will have the opportunity to attend 2 of the 4 breakout
sessions. A copy of the Case Study can be found in the Delegate
Handbook (pg. 44 - 45) and will represent the foundation piece for
each of the breakout session discussions.
Breakout: Mexico
Session 1: English / Session 2: Spanish
Elias Adam,
Tron Abogados, Mexico
Breakout: Ecuador
Session 1: Spanish
Session 2: Spanish (with English translation)
Miguel Macias
Carmigniani,
Macias Hurtado y Macias,
Abogados, Ecuador
Breakout: Colombia
Session 1: Spanish / Session 2: English
Patricia Arrázola Jaramillo,
Arrázola & Asociados,
Colombia
Breakout: Brazil
Session 1: English / Session 2: English
Andrea Nogueira,
Velloza e Girotto
Advogados, Brazil
LUNCH
September 27–28, 2012
Hotel Riu Plaza
13
1:45pm - 2:25pm
Analytical Framework of Choosing Trusts and Jurisdiction
for Latin American Clients
Simon Beck,
Baker & McKenzie LLP, USA
Latin American families have become increasingly more
comfortable with trusts and more sophisticated in their estate
planning. The choice of trustee and jurisdiction is a critical
decision in putting together a well designed structure. The
speaker will consider the key elements that distinguish the
main jurisdictions and explain how these may influence a Latin
American family.
2:30pm - 3:15pm
FATCA: The Practicalities of Implementation
Corporate structures, trusts, funds and other vehicles all fall into the
scope of FATCA, not just financial Institutions. Professional advisors
in Latin America face the daunting task of helping their clients
identify what category of “FFI” or “NFFE” they may fit into or
could be stuck with. Ms. Melinda Schmidt of KPMG is well versed
on the existing draft regulations issued in February 2012 and will
be able to guide us through the final regulations expected to be
issued by the US Department of Treasury in late August, 2012,
in particular in respect of corporate and trust structures. Sponsored by
3:15pm - 3:45pm
COFFEE BREAK
3:45pm - 4:25pm
Pitfalls in setting up Trusts & Foundations (Spanish)
The process of constituting any estate planning vehicle
requires key elements which will guarantee not only their validity
but also their effectiveness. A civil law practitioner who utilizes
trusts and private foundations as planning instruments in her
daily practice will review these often overlooked aspects and will
take us through her checklist of pitfalls to avoid and actions to be
taken during their administration.
1
Melinda Schmidt,
KPMG, USA
Dayra Berbey de Rojas,
Icaza Trust Corporation,
Icaza, González-Ruiz
& Alemán
Panama
Ronald Evans,
Tax Treatment of Trusts and Foundations
Baker & McKenzie,
in Latin America
Venezuela
Trusts are creatures of common law and are generally not
recognized in civil law countries such as is the case of Latin
American countries. The tax treatment of foreign trusts have up
to now been largely obliterated and countries are beginning to
recognize that their residents are using and receiving distributions
from such trusts and are beginning to develop specific rules.
The panel will focus as to how foreign trusts are characterized
in the region (i.e. contractual arrangements, entity type tax
treatment, etc.), and the varying treatment of trusts under the
tax treaty network of Latin American countries, new tax reporting
requirements, etc. This will be contrasted with the tax treatment
of foundations which are recognized entities under civil law and
have now become of common use by families in the region.
2
14
LATAM 2012, PANAMA - DELEGATE HANDBOOK
4:30pm - 5:15pm
Kidnapping: Planning for the Possibility,
Dealing with the Actuality
Threats of personal security and kidnapping are a harsh reality for many
private clients in Latin American and a challenge for professional advisors
and fiduciaries. Our two speakers will address real cases and their experiences
in dealing with the actuality of an abduction, including crises negotiations,
trust provisions and Trustee duties, fiduciary decision making, contrasting
responsibilities and constraints under common versus civil trust law.
5:15pm -5:30pm
Closing Remarks
7:15pm
Buses depart The Hotel Riu Plaza for the Trump Ocean Club
7:30pm - 12:30am
Guests will be welcomed by the work of one of Latin America´s most
renowned artists, Fernando Botero, as they arrive at the city´s premium
location: the Trump Ocean Club, for a night of tremendous entertainment…
LatAm style. Be welcomed by the beat of the Congo drummers… enjoy the
acrobats show while you savour magnificent flavours… let yourself succumb
to the tropical rhythms of the live band, while we all celebrate the success
of the Conference, and say goodbye to our newly established relations and
friendships…. till next year.
Evening cocktail attire recommended.
16
LATAM 2012, PANAMA - DELEGATE HANDBOOK
Adolfo Gonzalez
Olhovich,
TMSourcing, Mexico
Steve L. Cantor,
Cantor & Webb, USA
Dayra Berbey de Rojas,
Icaza Trust Corporation,
Icaza, González-Ruiz
& Alemán, Panama