日時：2015年4月23日（木）14:00～17:00
場所：株式会社国際協力銀行9階講堂
主催：K&L Gates外国法共同事業法律事務所、一般財団法人海外投融資情報財団
後援：株式会社国際協力銀行
Thursday, April 23, 2015 14:00h~17:00 at JBIC 9th Floor Auditorium
Sponsored by K & L Gates LLP, Japan Institute for Overseas Investment (JOI)
Supported by Japan Bank for International Cooperation (JBIC)
プログラム／PROGRAM
14:00-14:05 開会挨拶／Introductory Message
セルゲイ・ミラノフ（K&L Gates 東京オフィス パートナー）
Sergey Milanov, Partner, K&L Gates, Tokyo Office
14:05-14:25 イントロダクション／Introduction and Overview
＊Why are institutional investors interested in infrastructure investments?
＊How are these investments being made (and what are the challenges investors face)?
マーガレット・ナイルズ(K&L Gates シアトル・オフィス パートナー)
Margaret Niles, Partner, K&L Gates, Seattle Office
14:25-14:50 ビジネス展望／The Business Perspective
＊The business case for long-term institutional investment in infrastructure – types of assets, types of deals, anticipated returns, etc.
＊Decision-making process and issues for institutional investors to consider in making an investment
＊Infrastructure investments through joint ventures and funds
エリック・フリードマン(K&L Gates シアトル・オフィス パートナー)
Eric Freedman, Partner, K&L Gates, Seattle Office
14:50-15:25 ストラクチャーと税／Structure and Tax
＊Structuring to manage basic rules of US federal and state taxation of non-publicly traded investments by Japanese investors in the United States
＊Structuring to manage special rules affecting infrastructure investments
＊Taxation of investments in US partnerships that carry on a trading or active business
＊Use of Cayman Islands-based entities and other intermediary companies as vehicles for US investment
チャールズ・パーセル(K&L Gates シアトル・オフィス パートナー)
Charles Purcell, Partner, K&L Gates, Seattle Office
15:25-15:40 コーヒーブレイク／Coffee Break
15:40-16:00 ガバナンス／Governance Issues
＊What level of involvement does the investor want to have?
＊Issues raised by alternative investment vehicles such as commingled funds; joint ventures and separately managed accounts (“funds of one”); direct investments; and clubs with a limited number of sophisticated investors
＊Fiduciary duties of the manager, including duty of care and duty to avoid conflicts of interest
チャールズ・パーセル／Charles Purcell
マーガレット・ナイルズ／Margaret Niles
16:00-16:45 取引のプロセスと規制当局の承認
Transaction Process and Regulatory Approval Considerations
＊Qualities that institutional investors seek in electric power infrastructure investments
＊Prevailing transaction structures for purchase and sale of interests in electric power infrastructure
＊Particular issues that arise in electric power infrastructure M&A transactions, including in performing due diligence and negotiating deal terms
＊Regulatory approval issues and processes in electric power M&A transactions
＊Case studies of investments by institutional investors in electric power assets, including joint venture investments in natural gas generating facilities, renewable power facilities, and energy technology companies
エリック・フリードマン／Eric Freedman
16:45-17:00 質疑応答／Q&A
お問い合わせは事業企画部あてにご連絡ください。 / Inquiry Form