2018 Private Client Forum Americas

February 7- 9, 2018
Banyan Tree Mayakoba
Playa del Carmen, Mexico
(40 minutes from Cancun International Airport)

Private Client Forum Americas 2018:
The Ultra High Net Worth Client: From Cradle To Grave

Conference Program

Day 1: Wednesday, February 7, 2018
The building of wealth: From creation to expansion

12.30 Welcome Lunch 

13.50 This Is Your Life: Opening remarks from the Chairman
Joshua Rubenstein, Katten Muchin Rosenman, NY, USA

14.00 Opening Address: Baby You're A Rich Man: The global ultra-wealthy population and its total wealth

After a year of political shocks and economic uncertainty, the conference deep dives into trailblazing statistics from the world’s ultrahigh net worth (UHNW) individuals. What does 2021 hold for the UHNW elite and where in the world will growth primarily be seen?
Joshua Rubenstein, Katten Muchin Rosenman, NY, USA

14.20 Money For Nothing: The creation of wealth

In 2018, there are several questions we need to ask ourselves about our clients, as purchasing patterns for legal services dramatically change. Do we truly know what our clients want from their lawyers, in particular, what new wealth want? Why would a client want to come to the Americas for wealth planning? In particular, will clients regard the US as a new 'mid-shore' jurisdiction that can compete with traditional offshore tax havens, especially in light of recent developments such as the EU blacklist and grey list? 
Ultimately, the paradigm we are faced with is this: As law firms are seen to be trailing other professional services firms in their ability to offer integrated multi-disciplinary services, are clients, and in particular, the new generation of wealth, looking for more than just a family lawyer?
Armando Lara Yaffar, Chevez Ruiz Zamarripa, Mexico
Tina Albright, Day Pitney, USA
Martin Litwak, Litwak & Partners, Uruguay
Steve Sokić, Sanne Group, Jersey

15.00 Old And New: Breaching the void

As an advisor to both old and new wealth, you are well versed in the inherent challenges faced by both distinct groupings. This session seeks to compare and contrast the root differences, practical methods and ongoing implementations in creating, aiding and maintaining both old and new. Focus will also shine a light on the external impact of differences in governance, legal and planning for both groupings.
Shân Warnock-Smith QC, 5 Stone Buildings and ICT Chambers, UK and Cayman Islands
Craig W. MacIntyre, Conyers Dill & Pearman, Bermuda
Kathryn von Matthiessen, Katten Muchin Rosenman, USA 

15.40 Coffee Break and Networking 

16.00 Keynote: All Come To Look For America
Katie Walsh, Senior Advisor, Republican National Committee (Former Deputy Chief of Staff, White House - President Trump), USA
Interviewed by: Sabrina Saddiqui, Political Journalist, The Guardian, Washington DC, USA

17.00 Interactive Boardroom Discussions

Making Plans: Planning issues internationally 

Following on from our plenary sessions, the interactive boardroom sessions will focus on in-depth planning issues from across the globe in 2018:

A. Latin America 

Latin America region is increasing the number of ultra-high net worth individuals; Brazil, Mexico, Argentina, Columbia and Peru, among others, have also unique characteristics that create interesting dynamics, challenges and opportunities to capitalize on and Spain has a predominant role on investment structures. This panel of experts will debate the key opportunities and challenges in Ibero-America across tax amnesty, tax reforms, enforceability of trusts and most importantly, transparency
Víctor Manuel Barajas Barrera, Basham, Ringe y Correa, S.C., Mexico
Florentino Carreño, Cuatrecasas, Spain

B. Canada

Canada is renowned for its alternative approach to tax. This interactive discussion focuses on the some of the more unusual taxes you need to be aware, including income tax, land transfer tax and foreign buyer tax.  The panel will focus on real estate investments in Canada with some comparison to the US.
Pam Cross, Borden Ladner Gervais, Canada

CUnited States

In December 2017, the Republican-controlled US Congress and the Trump Administration rushed through the most sweeping changes to Federal tax law in three decades.  What does this mean for our clients and their structures?  This discussion will explain how the changes affect high net worth families with US members or US assets, and then consider whether and how heretofore common planning strategies need to be revised.
Milan Patel, Anaford, USA 
Dean Berry, Cadwalader, Wickersham & Taft LLP, USA

18.00 End of day one

19.30 Welcome drinks reception

20.00 Welcome dinner


Day 2: Thursday, February 8, 2018
The preservation of wealth: Safety, security, asset protection and protecting your family

09.00 Opening remarks from the Chairman
Joshua Rubenstein, Katten Muchin Rosenman, NY, USA

09.10 Opening Keynote: Eye In The Sky: Is cyber security the biggest single threat?

As incidents of major breaches are steadily increasing, and clients are worryingly suggesting that the weakest part of their own security is their law firm, cyber security is progressively becoming a major concern within the legal arena. Keeping up with cyber and information threats is a tireless job and independent law firms are increasingly experiencing a mounting pressure to prove and improve their security. How do you reassure your client? And what if it all goes wrong? Hear from the world’s leading experts, including the FBI, who can offer crucial advice on how to keep your clients safe.
Carlos Cases, FBI, USA

10.00 Cat’s in the Cradle:  Theories of introducing children to wealth

There’s a myriad of questions poised when introducing children to wealth. From millennials using the latest technology and being at risk of kidnapping, to exerting the right amount of pressure to sign marital agreements, how do we raise/ advise children to be responsible and become good stewards of wealth? Should “secret trusts” exist? This session seeks to analyse the pros and cons behind allowing children to make their own decisions, versus applying pressure when necessary. After all, it is not only wealth that gets transferred from parent to child – it is also the lawyer.
Pedro Ramirez, Turanzas, Bravo & Ambrosi, Mexico 
Megan R. WorrellDuane Morris, USA 
Daniel LeuBär & Karrer, Switzerland
Todd Beutler, BMT International, Hong Kong/USA

10.40 Coffee break and networking

11.00 Interactive boardroom discussions

Oh No, What Have I Done?

Following on from our plenary sessions, the interactive boardroom sessions will focus on discussing planning methods for a fictitious case study:

A. Protection: Pre-nups, post-nups and cohabitation agreements

This interactive discussion looks into the success, failure and intricacies of nuptial agreements, including pre- nuptial and post- nuptial agreements. Debate centers around methods to encourage children to sign on the dotted line and enforceability across different jurisdictions, in particular Asia, where the distinction between pre and post – nup is blurred.
Rosie Schumm, Forsters, UK

B. Property: Comparative analysis of property regimes across the globe

The starting point for pre-nups, related matrimonial finance planning and indeed the establishment of a family wealth trust or other fiduciary structure is usually determining what property regime(s) governs the relevant parties. Or it may be the end point if things don’t go according to plan and the parties’ alleged rights are the subject of hostile litigation. In either case, the variety of such regimes is vast, their interaction often bewilderingly complicated and people don't always live strictly by them. This session will consider some principal examples from LatAm, common law and Shari’a jurisdictions and their implications for both planning and dispute resolution.
Andrew De La RosaICT Chambers, Cayman Islands

C. Divorce: Planning opportunities

If you were asked to draw up a life-long financial plan that attempted to cater for all unknown eventualities, it would be an overwhelming task. With rates at a record high, how do you turn divorce into an opportunity? This discussion seeks to assess immediate and future financial needs in the minefield of divorce and methods to protect your clients from the fear of the unknown.  
Alex Carruthers, Hughes Fowler Carruthers, UK 

12.00 September Song: End of life planning

There’s no easy way to start discussing end of life issues, particularly with clients of diminishing capacity. Whilst it helps to be prepared, what happens if clients seek to make last minute changes to their financial planning, whilst the ‘vultures’ are swarming? This discussion seeks to understand best practices behind discovering what your client really wants versus the difficulties of implementing such, against the family’s will.
Aureliano Gonzalez Baz, Bryan, González Vargas & González Baz, Mexico
Alberto Benshimol, D'Empaire Reyna Abogados, Venezuela
Nick Jacob, Partner, Forsters, UK
Thelma Kwan, Thelma Kwan, Hong Kong

12.45 Lunch

14.00 Leisure activities

19.00 Gala dinner drinks

20.00 Gala dinner


Day 3: Friday February 9, 2018

The transfer of wealth: Death and what lies ahead 

10.00 Welcome comments from the Chairman
Joshua Rubenstein
, Katten Muchin Rosenman, NY, USA

10.10   And When I Die: The fight that follows death

The management of a loved one’s estate after their passing can be a highly complicated process and can unfortunately present a number of heavily contentious disputes. This panel discusses the grounds for contesting a decedent’s plan, including disputes arising between children of the decedent, differing interpretations of the terms of a document, challenges to validity and distrust or suspicion of a trustee’s intentions or actions. In 2018, what are the typical fights that follow death and how do you protect against them?
Gilead Cooper QC, Wilberforce, UK
Jonathan Speck, Mourant Ozannes, Jersey
Alessandro Bavila, Maisto e Associati, Italy

11.00 The Whiskey Ain’t Workin’:  Fin legal tech - Law's future from finance's past 

Have you ever asked yourself: “Why are we still doing wills in the same way that we did hundreds of years ago?” Daniel Katz, associate professor, Chicago Kent College of Law, our honorary keynote, looks at how basic legal functions, such as making wills, holds answers to transforming the legal industry into a data driven machine in 2018. Where does artificial intelligence sit with the private client lawyer of the future? 
Daniel Katz, Chicago Kent College of Law, USA

12.00 Closing comments followed by lunch