THE LEGAL 500 > EVENTS > Miami Private Practitioners Roundtable: Financing Complex Projects in Central America
The Legal 500, in partnership with Central American regional firm Lexincorp, and their Multilaw Alliance colleagues, Panamanian firm Icaza, González-Ruiz & Alemán, brought together more than a dozen key practitioners from the Miami-based project-finance community. Lexincorp’s Julio Aparacio and Luis Pedro Fuxet opened proceedings, establishing the broad scenario across Central America with an update on the differing banking and finance frameworks in the region (including an interesting digression to consider Nicaragua’s new PPP legislation); while Icaza partner Luis Chaloub and senior associate Alfredo Fonseca detailed the important changes in Panama in the wake of the country’s canal expansion project, as well as providing an in-depth case study on a local private-finance power plant project.
With countries in the region displaying differing degrees of judicial robustness, the conversation soon turned to the investor’s eternal question: “how am I going to get paid?” -from which the discussion moved into more detailed terrain including choice of law and investment jurisdiction, and the execution of judgements and arbitral awards. Other topics included new Panamanian legislation regarding trusts and bankruptcy, compliance and money remittance restrictions, a range of perspectives on where the business opportunities in the isthmus lie (both geographically and by sector), and the impact of the region’s shift from alignment with Taiwan to a more China-friendly orientation, and the recent ramping-up of Chinese investment – most noticeably to date in Panama and Costa Rica – as a result.
Distinguished attendees included Jones Day’s Fradyn Suárez, Hunton & Williams’ Uriel Mendieta, DLA Piper’s Francisco Cerezo, Foley & Lardner’s Carlos Abarca, Greenberg Traurig’s Robert Downing and –with a unique perspective derived from her dual construction/insurance practice- Kennedys’ Anna Weiss, as well as representatives of veritable national firms Fox Rothschild and Arnstein & Lehr, and Harper Meyer’s James Meyer. The Legal 500 would like to thank all those who attended the event, held in the Mandarin Oriental’s salon Azul, and of course our sponsors Lexincorp and Icaza, González-Ruiz & Alemán.