Coverage

Top economist Arminio Fraga to keynote Latin Lawyer M&A conference

Top economist Arminio Fraga to keynote Latin Lawyer M&A conference

30 August 2019

Gavea Investimentos founding partner and Central Bank of Brazil former president Arminio Fraga will deliver the opening keynote at the upcoming Latin Lawyer Live 9th Annual M&A Conference, which takes place in São Paulo this November.

Bankers from Credit Suisse, Citibank, BTG and more to speak at Latin Lawyer M&A conference

Bankers from Credit Suisse, Citibank, BTG and more to speak at Latin Lawyer M&A conference

28 October 2019

Senior figures from financial groups in the Americas are set to speak at Latin Lawyer Live 9th Annual M&A Conference, which will be held at the Tivoli Mofarrej Hotel in São Paulo next month.  

We’re not in a position to relax, says top Brazilian economist Arminio Fraga

We’re not in a position to relax, says top Brazilian economist Arminio Fraga

07 November 2019

While complex political developments across Latin America and the rest of the world do not necessarily mean recession is around the corner, businesses and governments should be mindful of the associated risks, founding partner at Gávea Investimentos and former president of the Central Bank of Brazil Arminio Fraga told delegates at Latin Lawyer’s ninth annual M&A conference in São Paulo yesterday.

Do intensive due diligence to avoid successor liability, say speakers on M&A compliance

Do intensive due diligence to avoid successor liability, say speakers on M&A compliance

13 November 2019

The ramifications of Operation Car Wash in Latin America have made successor liability one of the key aspects to consider when buying or selling in the region, making intensive due diligence top on the to-do list for M&A deals, heard delegates at Latin Lawyer’s ninth annual M&A conference in São Paulo last week.

Chairs

Francisco Müssnich

Barbosa Müssnich Aragão, Rio de Janeiro and São Paulo

Francisco Müssnich, or Chico, as he likes to be called, is one of BMA’s partners. He has unparalleled experience in a wide range of corporate matters and in highly complex M&A and cross border transactions.

He acts in both national and international arbitrations, and provides strategic advice in hostile takeovers and corporate disputes. He has represented clients, all leaders in their sectors, in historic transactions in Brazil over the last two decades.

In 2014, Chico was named one of the 15 most powerful lawyers in Brazil.

Monique Mavignier

Barbosa Müssnich Aragão, Rio de Janeiro and São Paulo

Monique Mavignier is a partner in BMA’s corporate practice with a solid track record on both the sell and buy sides of private and public M&A transactions, divestitures, financial matters, private equity investments, and corporate, governance and securities law matters. She has extensive experience representing national and international companies doing business across a broad range of industries such as beverage/food, retail, energy, communications and construction.

Paola Lozano

Skadden, Arps, Slate, Meagher & Flom, New York

Co-chair of Skadden’s Latin America group, head of its Spanish language corporate practice and former member of Skadden’s policy committee.

As a New York-based M&A partner, she leads mergers, acquisitions, dispositions, private equity and other corporate matters for Fortune 500 companies, multilatinas, private equity funds and investment banks. Examples include:

Citigroup’s sale of its consumer banking and credit card businesses to: Banco Santander in Argentina; Itaú in Brazil; Scotiabank in Panama and Costa Rica; Promerica in Guatemala; Banco Ficohsa in Honduras and Nicaragua; Terra Group in El Salvador; and Colpatria and Bank of Nova Scotia in Colombia; its sale of Citigroup Global Services Limited to Tata Consultancy Services Limited (India), and a related bpo services agreement for $2.5 billion;

Paul Schnell

Skadden, Arps, Slate, Meagher & Flom, New York

Mr. Schnell is recognized as a U.S. legal "legend" for being in top 500 lawyers in U.S. in each of last 10 years (Lawdragon). Recognized in both U.S. and Latin America as a leading lawyer in areas such as M&A (highest Band 1 ranking in Chambers for each of U.S., Latin America and Brazil), private equity, governance, corporate, finance and health care. Surveys recognizing Mr. Schnell include Chambers Global, Chambers USA, Chambers Latin America, U.S. News and World Report, Financial Times, Best Lawyers in America, Who's Who Legal, Lawdragon 500 Leading Lawyers in America, and IFLR1000. Co-chairs firm's Latin America practice.

Keynote Speakers

Arminio Fraga

Founding Partner, Gávea Investimentos and Former President, Central Bank of Brazil, Rio de Janeiro

 

Mr. Arminio Fraga is the founding partner at Gavea Investimentos, an investment management firm he founded in August 2003, and the chair of the Institute for Health Policy Studies, which he founded in 2019, both based in Rio de Janeiro, Brazil.

Mr.  Fraga was the Chairman of the Board, BM&F Bovespa, Brazil’s securities, commodities and derivatives exchange, from April 2009 to April 2013, and was the President of the Central Bank of Brazil from March 1999 to December 2002.  

From 1993 until his appointment as Governor of the Central Bank, he was Managing Director of Soros Fund Management in New York.  From 1991 to 1992, he was the Director responsible for international affairs at the Central Bank of Brazil. Earlier in his career, he held positions with Salomon Brothers and Garantia Investment Bank.

Marcelo Barbosa

President, Securities and Exchange Commission of Brazil, Rio de Janeiro

 

Marcelo Barbosa is the Chairman of Securities Commission of Brazil (CVM).

Mr. Barbosa has a bachelor’s degree in law from the State University of Rio de Janeiro and an LL.M from Columbia University.

He has taught Corporate Law at Rio de Janeiro State University and a Seminar on Topics of Capital Markets Law at FGV in Rio de Janeiro.

Mr. Barbosa was the Chairman of the Board of Trustees of Fundação Estudar and a member of the Columbia Global Centers Latin America Advisory Board and of the Mergers and Acquisitions Committee. Was also a member of the Audit Committee at Lemann Foundation. 

Speakers

Alberto Rebaza

Rebaza, Alcázar & De Las Casas, Lima

Avinash Mehrotra

Managing Director, Investment Banking Division, Goldman Sachs, New York

Denise Pavarina

Director, The Brazilian Economic Development Bank (BNDES), Rio de Janeiro

Eduardo Miras

Managing Director, Head of Investment Banking Brazil, Citibank, São Paulo

Fabiana Leschziner

Executive Vice President, General Counsel and Chief Compliance Officer, Embraer, São Paulo

Fabio Nazari

Managing Director, Partner, BTG Pactual, São Paulo

Fernando Molina

Rodrigo, Elías & Medrano, Lima

Fernando Ziziotti

Senior Vice President and Counsel, Brookfield Asset Management, São Paulo

Francesca Odell

Cleary Gottlieb Steen & Hamilton, New York

Gabriella Antici

Partner, ACE

Guillermo Jorge

Bruchou, Fernández Madero & Lombardi, Buenos Aires

Hernán Slemenson

Marval, O'Farrell y Mairal, Buenos Aires

Larissa Arruy

Mattos Filho, São Paulo

Lisa Alfaro

Gibson, Dunn & Crutcher, New York and São Paulo

Lorenza Langarica O'Hea

Mijares, Angoitia, Cortés y Fuentes, Mexico City

Luciana Sater

M&A and Strategic Partnership Director, Ambev, São Paulo

Manuel Galicia

Galicia, Mexico City

Martín Cerruti

FERRERE, Montevideo

Natalia García Arenas

Gómez Pinzón, Bogotá

Stephen Pelliccia

Director and Senior Counsel, SoftBank Group International, Miami

Vanessa Dager

Managing Director M&A, Co-Head Sellside Group, Credit Suisse, New York

Programme

8.45: Welcome coffee and registration sponsored by Mattos Filho

9.15: Chairs’ welcome

9.20: Opening keynote address

Arminio Fraga, Founding Partner, Gávea Investimentos and Former President, Central Bank of Brazil, Rio de Janeiro interviewed by Gabriella Antici, Partner, ACE

10.00: View from the business and banking worlds: an M&A forecast

To kick off the conference and set the scene, leading bankers will discuss deal flow, opportunities and challenges in Latin America.  Prominent names from regional and international banks and corporates will share their insights on emerging trends around Latin America, and provide their outlook on M&A activity in 2020, identifying hot sectors, as well as the types of deals taking place within them. They will discuss the impact of new political frameworks and officeholders in key Latin American economies, including how this is affecting strategic, PE and investor interest. 

Moderator:
Paul Schnell, Skadden, Arps, Slate, Meagher & Flom, New York

Panel:
Fabio Nasari, Managing Director, Partner, BTG Pactual, São Paulo
Vanessa Dager, Managing Director M&A, Co-Head Sellside Group, Credit Suisse, New York
Eduardo Miras, Managing Director, Head of Investment Banking Brazil, Citibank, São Paulo
Denise Pavarina, Director, The Brazilian Economic Development Bank (BNDES), Rio de Janeiro
Luciana Sater, M&A and Strategic Partnership Director, Ambev, São Paulo

11.00: Coffee break sponsored by Mattos Filho

11.30: Cross-border deal-making in a fast changing world of compliance

The burden of compliance in M&A transactions is felt by companies around the world, but particularly in Latin America, a highly-regulated region. Participants in the region face a rapidly changing regime, facing new domestic and international regulatory and "best practice" requirements.  Just as deal-makers are coming to grips with the need for heightened due diligence of third parties and purchase agreement provisions for anti-bribery laws, they must also contend with burdensome data protection and other privacy laws and understand successor liability concerns for past and continuing infractions, as well as penalties imposed for violations and the post-closing costs of heightened compliance oversight.  The challenge is exacerbated for multi-jurisdictional corporates on both the sell and buy side, given the applicability of regulations in different countries. In this panel, speakers will consider the state of play around Latin America and ask how companies should approach cross-border deal making across a variety of different compliance frameworks. Panellists will also discuss the best way to interact with regulators in order to ensure timely approval of deals and, where possible, limit post-closing liability.

Moderator:
Lisa Alfaro, Gibson, Dunn & Crutcher, New York and São Paulo

Panel:

Martín Cerruti, FERRERE, Montevideo
Guillermo Jorge, Bruchou, Fernández Madero & Lombardi, Buenos Aires
Fernando Molina, Rodrigo, Elías & Medrano, Lima
Fabiana Leschziner, Executive Vice President, General Counsel and Chief Compliance Officer, Embraer, São Paulo

12.30: Networking lunch sponsored by Mijares, Angoitia, Cortés y Fuentes

13.30: Keynote address

Marcelo Barbosa, President, Securities and Exchange Commission of Brazil, Rio de Janeiro

14.15: From taking control to optimising exits: current trends in private equity deal-making

Private equity funds continue to be key players in Latin America. Speakers from some of the region’s most active international and domestic funds will join experienced legal practitioners to discuss the buying and selling behaviours of PE funds today, including both control and minority investments. Panellists will also discuss the effects of demands for higher governance standards by PE when investing in Latin American companies. Meanwhile, when it comes to exiting their investments, funds are looking to new practices, such as parallel sale/IPO processes and the use of rep and warranty insurance, to eliminate post-closing recourse.

Moderator:
Paola Lozano, Skadden, Arps, Slate, Meagher & Flom, New York

Panel:
Lorenza Langarica O'Hea, Mijares, Angoitia, Cortés y Fuentes, Mexico City
Alberto Rebaza, Rebaza, Alcázar & De Las Casas, Lima
Fernando Ziziotti, Senior Vice President and Counsel, Brookfield Asset Management, São Paulo
Stephen Pelliccia, Director and Senior Counsel, SoftBank Group International, Miami

15.15: Finding a space in the tech M&A field

Tech is the most active M&A area in the US and increasingly in other parts of the world. This panel will discuss developments in Latin America in social media, FinTech, EdTech, cryptocurrencies and other sectors, and prospects for more activity by domestic and international players, including the increasing push by global giants into the region, and push back against these companies in order to protect emerging domestic companies and encourage competition.  Speakers will also discuss the availability of equity and debt funding for early- and later-stage start-ups, IPOs and acquisitions.

Moderator:
Francisco Müssnich, Barbosa Müssnich Aragão, Rio de Janeiro and São Paulo

Panel:
Larissa Arruy, Mattos Filho, São Paulo
Natalia García Arenas, Gómez Pinzón, Bogotá
Hernán Slemenson, Marval, O'Farrell y Mairal, Buenos Aires

16.15: Coffee break sponsored by Mattos Filho

16.45: M&A battlefields: the rise of the hostile takeover and shareholder activism

The rise of public M&A activity in Latin America requires legal practitioners to build new skill sets, not least an understanding of hostile takeovers and shareholder activism for the increasing number of public companies with dispersed ownership. Speakers will lead an interactive discussion involving the audience based around recent case studies of hostile bid for companies. In the event of a hostile approach, various stakeholders need to act fast. This panel will interact with attendees to discuss answers to difficult questions posed by hostile bidders and targets and their different constituencies, including shareholders, board members, management and regulators, in order to help their clients to respond effectively, taking into account the substantial differences between the US legal system and those in Latin America. Panellists will also discuss with the audience challenges in dealing with domestic and global shareholder activists in campaigns to effect governance changes and oppose M&A deals.

Moderator:
Francesca Odell, Cleary Gottlieb Steen & Hamilton, New York

Panel:
Monique Mavignier, Barbosa Müssnich Aragão, Rio de Janeiro and São Paulo
Avinash Mehrotra, Managing Director, Investment Banking Division, Goldman Sachs, New York
Manuel Galicia, Galicia, Mexico City

17.45: Chairs' closing remarks

18.00: onwards: All delegates are invited to the drinks reception kindly hosted by Skadden, Arps, Slate, Meagher & Flom

Further information

For further information or sponsorship opportunities, please call +44 203 780 4137 or email llevents@latinlawyer.com

Venue

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

Testimonials

  • “The conference was very well organised and the level of speakers made it really productive and interesting.” Fernanda Ruiz Tomasoni Laender, Senior Counsel
    Turner Broadcasting System, Inc.

  • “Latin Lawyer conferences provide a great forum for the latest industry trends and regulations as well as networking with the leading industry players in the region. The quality of speakers and topics of discussion deliver a balanced academic and practical view of the law.” Marco Solano, Aguilar Castillo Love

Prices

Private Practitioner
Type Price Expires
Super Early $550  27 Sep 2019
Early $650 25 Oct 2019
Standard $750 06 Nov 2019

 

In-house/governmental
Type Price
Standard $0