Tuesday, 27 November, 2018 Tivoli Mofarrej São Paulo Hotel, Brazil

E-mail Tel: +44 203 780 4160

Chairs

Jean Marcel Arakawa

Mattos Filho, São Paulo

Jean advises corporations, financial institutions and institutional investors in a wide array of corporate and financial transactions, securities and payment services regulatory issues. His experience includes public offerings and private placements of equity, debt and hybrid securities, listing of securities in exchange markets, private equity investments and divestments, and corporate transactions involving public companies. He is a member of the Regulatory Committee of the Brazilian Association of Venture Capital and Private Equity (ABVCAP).

Jonathan Kellner

Shearman & Sterling, São Paulo

Jonathan Kellner is a partner in the Corporate Group and the Head of our São Paulo office

His practice focuses on mergers and acquisitions, joint ventures, private equity, capital markets, bank finance and investment funds for United States and Latin America corporations and financial institutions. Fluent in Portuguese and Spanish, Jonathan has experience working on transactions in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico and Paraguay.

Speakers

Antonio Carlos Berwanger

Superintendent of Market Development, Comissão de Valores Mobiliários, São Paulo

Camila Goldberg

Barbosa, Müssnich, Aragão, São Paulo

Carlos Barbosa Mello

Lefosse, São Paulo

Carlos Mena Labarthe

Creel, García-Cuéllar, Aiza y Enríquez, Mexico City

Donald Baker

White & Case, São Paulo

Eduardo Alcaro

Chief Financial & Investor Relations Officer and Chief Accounting Officer, PagSeguro, São Paulo

Grenfel Calheiros

Simpson Thacher & Bartlett, São Paulo

Guillermo Morales

Morales & Besa, Santiago

Lisa Alfaro

Gibson, Dunn & Crutcher, São Paulo

Stephen Wallenstein

Professor of the Practice of Finance, University of Maryland, Raleigh-Durham

8.45: Welcome coffee and registration

9.15: Chairs' welcome

Jean Marcel Arakawa, Mattos Filho, São Paulo
Jonathan Kellner, Shearman & Sterling, São Paulo

9.30: Brazil’s presidential and legislative elections: a decisive moment

With Brazil’s general elections taking place in October, the country will have a new president by the time of the conference. The elections will be decisive for Brazil’s capital markets, which have been volatile in the year to date. This panel will discuss the response of investment banks and companies that want to go to market in light of the outcome of presidential and legislative elections. Speakers will also consider where the CVM stands in terms of reviewing the regulatory framework for securities and assess the progress of an initiative to reduce compliance costs for market participants.

Moderator:
Carlos Barbosa Mello, Lefosse, São Paulo

Speakers:
Camila Goldberg, Barbosa, Müssnich, Aragão, São Paulo
Antonio Carlos Berwanger, Superintendent of Market Development, Comissão de Valores Mobiliários, São Paulo
Donald Baker, White & Case, São Paulo

10.30: Coffee break

11.00: Notes on a scandal: the impact of anti-corruption regulation and enforcement

The recent notebook scandal in Argentina could spark a widespread crackdown on corruption reminiscent of Operation Car Wash in Brazil. Speakers will discuss the implications for Argentina’s economy and companies’ corporate responsibility, and consider how that might affect deal flow. The panel will compare the unfolding situation in Argentina with recent history in Brazil, where the subsequent increase in enforcement of anti-corruption legislation has had a deep impact on doing business. How might the Argentine authorities differ in their approach? Panelists will also discuss how the fight against corruption elsewhere in the region influences capital markets activity.

Moderator: 
Lisa Alfaro, Gibson, Dunn & Crutcher, São Paulo

Speakers:
Carlos Mena, Creel, García-Cuéllar, Aiza y Enríquez, Mexico City

12.00: Building bridges: private placements and multilateral support for project bonds

Infrastructure projects remain a top priority for governments around the region, and require vast sums of capital. The level of sophistication of overseas institutional investors has increased and they are being more aggressive in their terms. The panel will analyse these investors’ preference for private placement project bonds and explore the increased involvement of multilateral lenders in such deals. Speakers will also consider the smaller role multilaterals play in supporting project bonds in investment grade countries like Chile, Mexico and Uruguay compared to those in riskier markets, as well as unpicking the strategy of BNDES to foster capital markets finance for infrastructure in Brazil.

Speakers:
Stephen Wallenstein, Professor of the Practice of Finance, University of Maryland, Raleigh-Durham

13.00: Networking lunch

14.15: Keynote address and Q&A

TBC

15.15: Coffee break

15.45: A land of unicorns? Venture capital and the allure of fintech

Earlier this year, PagSeguro become the first Brazilian fintech provider to list its shares on the New York Stock Exchange with a US$2.6 billion IPO. Fintech is a hot industry in Latin America. It is attracting venture capital in core markets such as Mexico and Colombia, where Rappi, a new on-demand delivery start-up, recently raised its valuation to over US$1 billion. Rappi became the region’s second ‘unicorn’ after São Paulo start-up Nubank’s valuation exceeded the billion dollar mark with new venture capital funding earlier in the year. But there are lingering risks that appropriate local fintech regulation has not kept apace with innovation, evident in the Argentine government’s handling of the growth and planned break-up of payment services player Prisma. Speakers on this panel will analyse the opportunities and challenges in this new market.

Moderator:
Grenfel Calheiros, Simpson Thacher & Bartlett, São Paulo

Speakers:
Eduardo Alcaro, Chief Financial & Investor Relations Officer and Chief Accounting Officer, PagSeguro, São Paulo

16.45: Location, location, location: how to choose a listing venue

Choosing where to list a company can have a profound influence on the success of a flotation. What works for one company could have significantly different results for another. Global exchanges have long competed to list companies from emerging markets, and some Latin American regional exchanges are starting to enter the fray. Speakers will assess the pros and cons of global, dual and single market listings and discuss the factors that lead companies to choose one path over another, such as its target investors or the complexity of regulation. The panel will also assess the advantages of Latin American companies choosing listing venues outside of their jurisdiction if there is not enough capital available at home.

Speakers:
Jean Marcel Arakawa, Mattos Filho, São Paulo
Antonio Pereira, Co-head of Investment Banking for Brazil, Goldman Sachs, São Paulo
Guillermo Morales, Morales & Besa, Santiago

17.45: Chairs' closing remarks

Jean Marcel Arakawa, Mattos Filho, São Paulo
Jonathan Kellner, Shearman & Sterling, São Paulo

18.00 onwards: All delegates are invited to attend a drinks reception kindly hosted by Mattos Filho

Venue

Tivoli Mofarrej São Paulo Hotel, Alameda Santos, 1437 - Cerqueira César, São Paulo - SP, 01419-001, Brazil

Private Practitioner
Type Price Until
Super Early $400 

12 Oct 2018

Early $500 9 Nov 2018
Standard $600 27 Nov 2018

 

In-house/governmental
Standard Complimentary