Optional Golf Fellowship
Please note that the Optional Golf Fellowship is canceled due to lack of interest from participants.
17:00 - 21:00
Welcome Reception & Opening Ceremony
Venue: V&A Law Center, Rainmakers Lounge, 11th Avenue cor. 39th St. BGC Global City
VENUE: UP BGC, 32nd St. Taguig, Metro Manila
7:30 - 17:30
8:00 - 9:00
Climate of Business is Changing: Are You Keeping Abreast?
This session will be held in an interactive panel setting. The experts will discuss the changing climate of the corporate world using the following themes: (i) new climate and its impact on the businesses; (ii) climate litigation risk for corporations; and (iii) human rights obligations of non-State actors (corporations). Four speakers will use interactive discussion method to explore the unchartered and new developments in the area of climate change and the corporate world.
9:00 - 10:30
Data Privacy Protection
The European Union has enacted its new General Data Protection Regulation with increased territorial scope, strengthened data subject rights, new consent requirements, and stricter penalties. How do Asia’s various data protection regimes compare?
This session will explore the differing treatment of issues arising from data privacy including how “personal information” or “personal data” is defined, how securing incidents and data breaches are dealt with, cross-border transfer of data, data sharing and outsourcing, prior consent to marketing e-mail, online privacy statements, and many others.
10:30 - 11:00
11:00 - 12:30
Anti-Trust and Competition Law
Anti-trust and competition laws universally posit as a generally accepted precept efficiency of market competition as a mechanism for allocating goods and services. The State recognizes the need to adopt a measure to reinforce and safeguard competitive conditions and to prohibit anti-competitive behavior such as entering into anti-competitive mergers and acquisitions.
This session will look at how Asian countries deal with prohibited acts such as price fixing, controlling production, dividing markets, etc. Recent examples of mergers and acquisitions such as Uber by Grab in the ASEAN and Jollibee by SM in the Philippines that have attracted the attention of the competition authorities will be analyzed.
12:30 - 14:00
Guest Speaker: Mr. Christopher Leong, President, The Law Association for Asia and the Pacific
14:00 - 15:30
Corporations, Limited Companies, and Other Artificial Persons
New pieces of legislation have recently been enacted in various jurisdictions in Asia relating to corporations, limited companies, partnerships and their governance. The Philippines, for example, has adopted substantial amendments to its Corporation Code allowing for a single person corporation and corporation for life. Taiwan has newly promulgated its Company Act and Limited Liability Company Act. The speakers will discuss significant developments in the rules pertaining to these artificial persons and legal business vehicles.
15:30 - 16:00
16:00 - 17:30
The Collapse Of The Cryptocurrency World:
Regulation, Securities Token Offerings, Blockchain Ecosystems, and the Way Forward
In the aftermath of the calamitous collapse in cryptocurrency prices, rampant fraud and failed ICOs, regulatory authorities have stepped up oversight and industries are feeling their way forward making blockchain ecosystems work. Our Panel of Experts will address the following issues:
Is it the end of cryptocurrencies and blockchain?
Light touch v dead hand of regulation
Compliance, Risk Management, And Ethics
Securities Token Offerings
Regulating Cryptocurrency Exchanges
Blockchain ecosystems and the way forward
19:00 - 22:00
End of Day 1
9:00 - 10:30
Cross-Border Investments, Arbitration and Insolvency
Asia’s emerging and developing markets, including in particular countries in the ASEAN, present a vibrant space for economic opportunities but also pose legal challenges.
This session will discuss the legal pitfalls one may face when making investments in Asia’s emerging and developing markets. The panel will touch on foreign ownership restrictions, measures designed to skirt legal objections, requirements on hiring local manpower, anti-corruption regulations, choice of language for contracts, dispute resolution strategies, insolvency, and other relevant issues.
10:30 - 11:00
11:00 - 12:30
Joint Ventures, Franchising, and Other Collaborative Investment Structures
Developing economies necessarily bring about growth in commercial transactions. New products and services are created, along with innovative means of doing business. A fundamental question for new and expanding businesses is how to structure initial and additional investments. In determining the appropriate investment structure, numerous factors are considered, such as existing legal and regulatory framework within the applicable jurisdiction, tax efficiency, limitation of liability, costs, and fees, and personal requirements or restrictions of the investors, alongside economic realities. Traditionally, the government and financial institutions have focused more efforts on supporting large enterprises. However, there is a growing recognition of the substantial contribution of small and medium-sized enterprises (SME) and micro, small, and medium-sized enterprises (MSME) in most economies, particularly in emerging markets.
This session will cover joint ventures, franchising and other collaborative investment structures available in Asia. Panelists will address the need for a regulatory framework that supports limited liability companies and similar types of business vehicles suited for SMEs and MSMEs in recognition of their role in developing economies. There will be a discussion on the advantages and disadvantages of each structure which will help participants identify key factors necessary for structuring investments.
12:30 - 14:00
Guest Speaker: Mr. Danilo L. Concepcion, President, University of the Philippines
14:00 - 15:30
Infrastructure Projects In Asia – China “Belt and Road Initiative”
and Philippines “Build, Build, Build Program”
China’s Belt And Road Initiative has received tremendous interest in Asia and around the world. In the Philippines, the “Build, Build, Build” (BBB) Program will roll out 75 “game-changing” flagship projects spending up to P9 trillion in modern infrastructure in the next four years. The Asian Development Bank announced that it will extend US$300 million in loans to boost private sector participation in the infrastructure program. Funding is also expected from China.
This session will examine public-private partnerships (PPP) and the so-called “hybrid” PPP approach designed to implement the BBB program and usher in the golden age of infrastructure. The various PPP modalities, laws, policies and procedures and best practices, will be discussed.
15:30 - 16:00
16:00 - 17:00
Taxation in Asia
(1) Understanding the nuances and practical application of tax treaties.
Countries enter into bilateral tax treaties to mitigate or eliminate potential double taxation risks. Although such tax treaties are based on common principles, countries implement tax treaties differently. In this panel, experts from various Asian countries share practical insights and updates from their respective jurisdictions on the benefits and challenges faced by investors when relying on tax treaties.
(2) Transfer Pricing and BEPS
Since the release of the final reports on the BEPS Action Plans in October 2015, many Asian countries have been introducing relevant changes in their transfer pricing legislation and practices. However, limited guidance and experience around most, if not all of the action plan items, have proven to be a challenge for many taxpayers and practitioners. This session will analyze and discuss recent transfer pricing developments and practical issues in the areas of transfer pricing documentation and transfer pricing audit in certain Asian jurisdictions.
(3) Taxation in a Digitized Economy
This session will address the taxation of online transactions, income source rules and permanent establishment issues, and many other hot tax topics.
19:00 - 0:00
9:00 - 15:00
Tagaytay Excursion for Foreign Delegates