Schedule

september 21, 2022 september 22, 2022

12:00pm - 4:00pm

Exhibitor Set Up - Exhibitor Hall


2:00pm - 4:00pm

Early Delegate Registration


6:00pm - 8:00pm
Poolside, Hilton Hotel Área de la piscina, Hotel Hilton

Meet and Greet Reception RECEPCIÓN DE BIENVENIDA

Would you like to be poolside watching the sunset? Looking for a spectacular view of the ocean? Are you excited to get reacquainted with colleagues from around the world? If you answered “yes” to any or all of the above, come join us for our Meet and Greet Cocktail Reception, at the Hilton Panama Pool Deck. This is a magnificent way to kick off STEP LatAm Conference 2022!

¿Te gustaría ver el atardecer junto a la piscina? ¿Buscas una espectacular vista al mar? ¿Te emociona volver a ver a colegas de todas partes del mundo? Si  tu respuesta fue "sí" a una o todas las anteriores, únete a nosotros en el Cóctel de Bienvenida en el Área de la piscina del Panama Hilton. Esta es una  magnífica forma de empezar STEP LatAm Conference 2022!


7:45am - 8:30am

Registration/Coffee


8:30am - 9:00am

Opening Remarks


9:00am - 10:00am

PLANNING TO SUCCEED – POLITICAL RISK IN LATAM; STRUCTURING, RISKS AND POSSIBLE LITIGATION OUTCOMES

Join our panel for an in-depth discussion on the myriad ways to structure LatAm investments, including current challenges, case law and substance requirements. The panel will also discuss real-time cases of families who have been subjected to expropriation measures and their personal experiences in litigating these cases.


Speakers: Oradores:

Daniel Pulecio-Boek, Greenberg Traurig, LLP (USA)
Maria Eugenia Salazar-Furiati, Baker McKenzie (Venezuela)

10:00am - 10:40am

Who’s Who In the Zoo – Digital Assets, the Meta Verse and Web 3.0 Uncovered


Speakers: Oradores:

Ryan Pinder, The Commonwealth of The Bahamas (Bahamas)

10:40am - 11:10am

COFFEE BREAK


11:10am - 11:50am

Yet Another Regulation - UBOs registers and disclosure obligations update in LATAM

In a recent ruling, the European Court of Justice explicitly balanced person's rights to privacy and data protection against the right of third parties to know who they are doing business with. Contrast this with the  EU Advocate General recently publishing a concerning opinion, ushering in a surveillance state .Important to note – this development has now arrived to Latin America and BO registries have been implemented in several jurisdictions including Mexico, Colombia, and Panama. Our learned speaker, Filippo Noseda will discuss their effectiveness and what the future holds.


Speakers: Oradores:

Filippo Noseda, Mischcon de Reya LLP (United Kingdom)

11:55am - 12:35pm

Case law on trusts and LatAm families

LatAm families have been utilizing trusts for wealth structuring for decades and are increasingly doing so in these turbulent times. However, there is a lack of understanding about how common law courts would view issues such as forced heirship. Simon Beck will review the issues and how these courts have dealt with them in the past and will likely deal with them in the future.


Speakers: Oradores:

Simon Beck, Baker & McKenzie (USA)

12:35pm - 1:35pm

LUNCH


1:35pm - 2:35pm

Will the US continue to be a jurisdiction of choice for Latin American families after the US Corporate Transparency Act and continued US cooperation?

In this two part presentation, the first panel will discuss the effect of the U.S. Corporate Transparency Act on the decision of Latin American families who wish to  migrate to the U.S. based on the importance of the confidentiality of their holdings. And for those who still decide to move to the U.S. after careful review, the panel will review practical issues regarding termination of residence in the country of origin and preimmigration planning, including the need to re-structure investment portfolios.


Speakers: Oradores:

Christina Baltz, Withersworldwide (USA)
Sarah Jacobson, Day Pitney (USA)
Bruce Zagaris, Berliner, Corcoran & Rowe (USA)

2:35pm - 2:50pm

Presentation by the Bahamas Minister of Economic Affairs


2:50pm - 3:20pm

COFFEE BREAK


3:20pm - 4:00pm

CRYPTOASSETS AND WEALTH STRUCTURING – JUST THE BASICS, PLEASE

Creating an estate plan that includes the administration and devolution of cryptoassets can involve complex financial structures and requires some familiarity with the technological processes that frame the relevant systems. The level of familiarity required ranges from a complete understanding of the digital mechanisms involved to a grasp of the basic ideas so you can ask an expert the right questions and apply their responses when formulating the estate plan. Still with us?


Speakers: Oradores:

Ana Claudia Utumi, Utumi Advogados (Brazil)

4:00pm - 4:40pm

IS WEALTH TAX INEVITABLE? AN OVERVIEW IN LATAM

A recent report describes the LatAm region as “the most unequal in the world in terms of revenue distribution” with a “very high concentration of wealth and income”. The increase in poverty and the larger gap between rich and poor created by the pandemic have led to many countries in LatAm considering the idea of taxing wealth. Some have already adopted a wealth tax, while others have attempted to do so.


Speakers: Oradores:

Nicolas Malumian, Malumian & Asoc (Argentina)

4:40pm - 6:10pm

CLOSING REMARKS

Sponsorship draw & 2023 location announcement.


8:45am - 9:10am

Registration/Coffee


9:10am - 10:10am

It’s Not Going To Stop – Planning For The Next Cyber Security Breach, from Cyber Security to Legal Remedies to Stakeholder and Media Management

Against the background of the major breaches of cybersecurity that have already occurred in the past few years and the near certainty that such breaches will continue, this diverse panel of speakers will take a deep dive into how gatekeepers and families should mitigate the negative impacts of their private structures becoming public. From forward planning to messaging architecture at the ready, what are the cutting-edge measures for avoiding such breaches and what needs to happen once the dam has been breached.


Speakers: Oradores:

Allan Dunlavy, Schillings (USA)
Kerry Harris, ReBoot (Canada)

10:15am - 10:30am

STEP Update


10:30am - 10:50am

Innovation In Trust Constructs

Trust law has its foundations in England in the Middle Ages, but nowadays by far the most innovative trust-related legislation is to be found on the statute books of the leading international finance centres such as the BVI. Chris McKenzie, a partner at O’Neal Webster, will look at these legislative provisions and how they meet the legitimate expectations of international clients.


Speakers: Oradores:

Christopher McKenzie, O'Neal Wester (UK) LLP (UK)

10:50am - 11:10am

THE THREAT OF SANCTIONS, A TRUSTEE’ NIGHTMARE

“The lamps are going out all over Europe” famously remarked Sir Edward Grey on the eve of World War I. Following the Russian invasion of Ukraine, countries throughout the world have imposed sanctions on Russian oligarchs and others. Nichola Dunkley, Director of Private Wealth at TMF Group will take delegates through the practical steps which a trustee should consider taking, for both its own protection and to ensure that it can continue to comply with its fiduciary duties without breaking the law, if the settlor, protector or beneficiary appears on a sanctions list. In particular, she will demonstrate an effective solution to help with practical navigation using a recent case study.


Speakers: Oradores:

Nichola Dunkley, TMF (B.V.I.) LTD. (B.V.I.)

11:10am - 11:40am

COFFEE BREAK


11:40am - 12:20pm

THE DIGITAL FAMILY, RELOCATION AND THE TAXMAN

Welcome to the age of the digital family and the global nomad. Triggered by these developments, jurisdictions are now updating their laws to enable electronic audits, issue electronic tax assessments and much, much more. New treaties now enable international tax collection, in such a way that changing tax residence to theoretically escape from tax contingencies/tax disputes is no longer an option.


Speakers: Oradores:

Raul Zambrano, Interamerican Center of Tax Administrations - CIAT (Panama)

12:20pm - 1:00pm

BLOCKCHAIN ON THE MOVE – CHALLENGING THE FUTURE OF TRUST PRACTITIONERS

The trust has traditionally been regarded as the safest instrument for successful transactions, but it now appears that the emergence of new technologies in the business legal sphere could call into question trust effectiveness in the “paper world”. Trustees now have the challenge of combining innovation with experience and tradition in order to effectively service clients, stay abreast of technology and ensure their place as valuable service providers.


Speakers: Oradores:

Erick Rincon, Tic Tank (Universidad del Rosario) (Colombia)

1:00pm - 2:00pm

LUNCH


2:00pm - 2:40pm
BREAKOUT SESSIONS - SELECT ONE
SESIONES SIMULTÁNEAS - ESCOJA UNA
2:00pm - 2:40pm

STACKING THE BOARD – BUILDING HIGH-IMPACT BOARDS OF DIRECTORS FOR UNCERTAIN TIMES

The current business environment has required versatility, creativity and business acumen in order to survive in a constantly changing environment. The pandemic also tested the effectiveness of family businesses that have long held management in the hands of family members. Families that added external members with expertise, new insights and vision to their Board have performed better and, in many cases, have exponentially grown their businesses.


Speakers: Oradores:

Raúl Serebrenik, FECIG (USA)

DOMESTIC FIDEICOMISOS IN ESTATE PLANNING – A CLOSER LOOK

Many countries in LatAm have trust law in place. In some instances, fideicomisos (domestic trusts) are being used for estate planning or asset protection. What assets are they holding? Why are families setting up fideicomisos? A panel representing key jurisdictions will explain the advantages and disadvantages of using a domestic fideicomiso.


Speakers: Oradores:

Rosa Restrepo, Arias, Fabrega & Fabrega (Panama)

2:45pm - 3:25pm
BREAKOUT SESSIONS - SELECT ONE
SESIONES SIMULTÁNEAS - ESCOJA UNA
2:45pm - 3:25pm

CASE STUDY ON REPORTING – IMPACT IN LATAM FOR FAMILIES AND ADVISORS

The Global Forum on Transparency and Exchange of Information for Tax Purposes recently released its Latin America 2022 report. Speakers will refer to key pieces of the report and to other transparency features seen in practice, such as unawareness of collective investment vehicles’ reporting obligations and advisors’ reporting obligations consequences.


Speakers: Oradores:

Laura Barrios, MMG Fund Services (Panama)
Lucia Ibarreche, Corpag (Argentina)

SUCCESSION PLANNING FOR U.S. FAMILY MEMBERS USING USUFRUCTS WITH TRUSTS

It is common for LatAm family leaders to transfer assets’ bare ownership to their offspring, keeping the usufruct. This can also be done through a trust. Join our panel as they analyze the effects in different jurisdictions, including the U.S. and some LatAm jurisdictions.


Speakers: Oradores:

Alessandra Bastos, Guimarães Bastos Advogados (Brazil)
Michelle Graham, Withersworldwide (USA)

3:30pm - 4:15pm

LATAM POLITICAL PENDULUM SHIFT - CONSEQUENCES TO THE REGION AND HNW/UHNW FAMILIES

Understanding the current political shift in the region, the context and the continually evolving strategies is critical to effective wealth structuring and wealth planning. So, what's in the future playbook? The speaker will present a larger view of what's coming and the consequences to our industry and our clients.


Speakers: Oradores:

Jose Andres Romero, International Monetary Fund (USA)

4:15pm - 4:25pm

CLOSING REMARKS


7:00pm - 11:00pm
Buses depart the Hilton to Gala Dinner @ 6:30pm 6:30pm Los buses salen del hotel a la cena de gala

Gala Dinner CENA DE GALA

The STEP LatAm Presenting and Gala Dinner sponsor, The Bahamas Ministry of Economic Affairs / Financial Services Unit, invites you to visit a lovingly restored landmark building in Casco Viejo, the American Trade Hotel. The hotel stands at the ecological and cultural crossroads of the Americas, deeply connected to both the historical Old Quarter and the nascent new Panama City. You will enjoy an evening of cultural entertainment, scrumptious cuisine, live Panamanian music and dancing. The Gala will be held at the American Trade Hotel and Hall in Panama City's Old Quarter.

AMERICAN TRADE HOTEL AND HALL, CASCO VIEJO DE LA CIUDAD DE PANAMÁ

El Ministerio de Servicios Financieros de Las Bahamas, Patrocinador Presentador y de la Cena de Gala de STEP LatAm, le invita a un edificio icónico
hermosamente restaurado en el Casco Viejo, el American Trade Hotel. El American Trade Hotel se encuentra en la encrucijada ecológica y cultural
de las Américas, profundamente conectado tanto al histórico casco antiguo, como a la naciente Ciudad de Panamá. Disfrutarás de una velada de
entretenimiento cultural, deliciosa cocina , música panameña en vivo y baile.