Day One: Tuesday, 10 June 2008
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08.30 | Registration
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08.50 | Chairperson’s opening remarks |
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09.00 | Opening Address: Singapore’s plans to institutionalise
infrastructure investments like what it did to real estate in REIT
- Rationale behind gathering regulators, infrastructure owners, developers, institutional investors, fund and asset managers, private equities, investment banks, etc.
- Summary of what to expect to gain in the next 3 days
- Singapore as the financial hub in Asia – welcome!
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| | Mr Kola Luu, Executive Director, Monetary Authority of Singapore
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| REGULATION DEVELOPMENTS ACROSS ASIA: INVESTORS’ AND
INFRASTRUCTURE OWNERS’ OPPORTUNITIES |
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09.15 | KEYNOTE: Challenges in Infrastructure development in emerging markets
- Understanding how markets emerge and the rationale behind this ‘label’
- Comparing infrastructure investment in mature Western markets to that in Asia: Pros & cons
- How can investors mitigate challenges in investing in infrastructure in Asia to achieve maximum returns
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09.45 | Dialogue with Asia’s regulators: Understanding the
parameters within which infrastructure owners can raise
capital and investors can invest in the countries
• Updates on the status of the privatisation of infrastructure assets in Asia
• What types of assets are being actively privatised at the moment and what opportunities should investors look out for?
• What the opportunities are for cross border listings
• What are the boundaries set for infrastructure owners’ capital raising activities?
• How much can foreign investors own? Is there a cap? |
| | Mr Okyu Kwon, Deputy Prime Minister & Minister, Ministry of Finance & Economy Mr Bambang Susantono, Deputy for Infrastructure & Regional Development, Coordinating Ministry for Economic Affairs
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10.45 | Understanding China’s infrastructure investment climate and how investors can invest in China’s infrastructure
• Understanding foreign investment opportunities and challenges in China’s infrastructure sector
• Assessing the national government’s degree of involvement in the cities’ infrastructure projects and private investor relations and its impact on foreign investors
• Leveraging on IFC’s role and what it can do to support investors coming into China |
| | Mr Ali Naqvi, East Asia & Pacific Region Infrastructure Manager, IFC
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| REALITIES – AND NOT THE PROPAGANDA – OF STRUCTURING &
FINANCING PUBLIC-PRIVATE PARTNERSHIP PROJECTS IN ASIA |
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11.15 | Morning refreshments
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11.45 | Understanding public-private partnership and how it can
work effectively in developing infrastructure in Asia
• Status update of PPP viability in Asia
• Understanding how bankable projects come into being through national, provincial, regional and metropolitan public-sector planning processes
• Identifying the respective roles of national government, municipal government and regional planning/coordination bodies, sub-sovereign state-owned enterprises, private sector and multilaterals and bilaterals
• Understanding the change of approaches of sovereign and local governments: decentralization, urbanization, “pushing down” of financing responsibility to cities, etc.
• What makes projects bankable? Examples of failures and successes• Discovering new PPP mechanisms and initiatives to improve
bankability of urban projects to assist privatisation of existing brownfield infrastructure in various Asian markets
• Leveraging on the learning and successes of real-life case studies from Asian countries
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12.15 | Panel discussion: If PPP is so great why is it not flourishing in Asia?
• Understanding the private sector perspective and what governments need to establish before they enter into a PPP with them
• Understanding the public sector perspective: what is holding them back and can a synergy be reached?
• What makes a project bankable?
• What is keeping government from making projects bankable? Is it realisable? |
| | Mr Anand Bordia, ex-officio Board Member, National Highways Authority of India
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13.15 | Networking lunch
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| EVALUATING EFFECTIVENESS OF VARIOUS CAPITAL RAISING
OPTIONS |
Infrastructure owners and trust/fund managers will talk about their experience in raising capital. Were they able to reach their targets? What were their learnings and successes? What are the advantages and disadvantages? What are the risks?
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14.15 | India’s international seaports successes and learnings in
raising capital for development
• Survey of recent capital raising activities of Vizhinjam: how successful were they
• Is there a specific type of option that best fits international seaports given the Indian political, cultural and economic climate?
• Insight on how seaport capital raising can be emulated |
| | Capt L Radhakrishnan, Secretary (Ports) and Director & CEO, Int'l Deepwater Seaport & Container Transshipment Terminal; Vizhinjam International Seaport
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14.35 | Fund manager’s perspective: How investors can invest in
funds and infrastructure owners raise capital through a fund
• Understanding how asset managers raise their funds that infrastructure owners can copy
• Among the various capital raising options which is preferred and why
• What are the drivers in raising a fund for a fund manager and how they choose assets to invest into in their portfolio |
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14.55 | Raising capital via a business trust: Lesson learnt from a
successful shipping trust that was launched in 2007
• Understanding the structure and asset class of shipping business trusts
• Identifying key investment characteristics
• Drivers of the ship leasing business |
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15.15 | Using structured finance to raise capital: Issues and
implications
• Looking back at Essar’s capital raising ventures; what works?
• Comparing the effectiveness of various capital raising options already tried
• Effectiveness of structured finance |
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| DEBT CAPITAL RAISING |
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15.35 | Afternoon refreshments
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16.05 | Funding capital requirements through a diversified debt
portfolio
• Find out how SP AusNet successfully refinanced $1.5bn in a tight debt market
• Planning the strategy and weighing the different options
• Hedging strategies for regulated infrastructure businesses |
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16.25 | Toll road securitisation: Issuance of bonds backed by revenue-producing toll facilities
• Understanding why securitisation and not other capital raising options were used
• What were the program’s challenges and opportunities?
• Knowing the future prospects for toll road securitisation |
| | Mr Anand Bordia, ex-officio Board Member, National Highways Authority of India
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16.40 | Speed Networking
You’ve heard how the infrastructure market has evolved: Now it is time to meet the existing and future players in this market. Be on first name terms
with the senior executives responsible for Asia’s largest infrastructure allocations. We have taken the headache out ofnetworking
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16.45 | Raising $ in a volatile debt market: Breadcrumb trail navigation
• Updates on the status of the volatile debt market
• Examining debt fund options that can adapt to changing scenarios, offer market-linked returns or protect capital
• What are the key strategies to being successful in volatile markets?
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17.05 | Chairperson’s Closing Remarks
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17.35 | Speed Networking
 You’ve heard how the infrastructure market has evolved: now it is time to meet the existing and future players in this market. Be on first name terms with the senior executives responsible for Asia’s largest infrastructure allocations. We have taken the headache out of networking
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18.00 | Socials
A perfect end for the day and a beginning of lasting business relationships - this is especially for real-end investors and representatives of high-net worth individuals such as pivate banks, securities houses
and the like. If you look to meet for investors then you wouldn’t want to miss this opportunity. Join us for an all-enchanted evening.
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| Asian Infrastructure fund Showcase |

Featuring the Asian Infrastructure Fund Showcase: Don’t miss the chance to find out the top 5 Asian Infrastructure Funds up for investment. Hear from CEOs and Fund Managers of the investment potential of these funds in the booming Asian marketplace and find out first hand on why you should invest in their funds.
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18.30 | IndoChina Infrastructure Fund: Investing in Vietnam’s and SE Asia’s sustainable infrastructure projects
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18.45 | IDFC Project Equity Company - India's First "Infrastructure Fund" Manager
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Day Two: Wednesday, 11 June 2008
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01.15 | Panel discussion: Pricing and valuation of assets
• Understanding the bases for pricing and valuating assets and what stakeholders think should the bases for pricing be
• Towards an industry standard basis for valuation of infrastructure assets: Is this feasible?
• Assessing the fairness and astuteness of current pricing and valuation of assets: How can it be improved?
• Understanding the implications of pricing and valuation and the reasons why it is imperative |
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08.30 | Registration
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08.50 | Chairperson’s opening remarks
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| HOW CAN INVESTORS INVEST IN INFRASTRUCTURE ASSETS IN
ASIA I |
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09.00 | KEYNOTE: The opportunities and challenges associated with investing in Asian infrastructure
- Asia: Should this be your next destination for infrastructure investment; why?
- China & India's insurmountable growth and how this compares with infrastructure investments in developed markets
- Challenges of investing in Asian infrastructure
- What's hot, what's not in 2008; where is the future of infrastructure investments headed to in Asia?
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| | Mr Peter Hobbs, Global Head of Research, RREEF Alternative Investment, UK
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09.30 | Fund managers’ panel: Evaluating the investment appetite in Asian infrastructure and the emergence of Asian infrastructure funds in the last 15 months
- INSIDE SCOOP: Expert discussion in investing in different countries across Asia including South East Asia & India
- Do’s and don’ts for investors when deciding where & how to leverage on investments into Asia
- Are infrastructure funds going to be the next REIT?
- How do you evaluate the funds to invest: what are the evaluation criteria that you should consider
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| | Moderator: Mr Peter Hobbs, Global Head of Research, RREEF Alternative Investment, UK Mr Anil Ahuja, Managing Director & Co-head, Asia, 3i Asia Limited
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10.15 | Morning refreshments
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10.45 | High Growth Infrastructure Investing: A Pan-Asian Approach
- Infrastructure risks and returns: Developed economies compared to emerging markets
- Unique characteristics of Asian infrastructure – the good, the bad & the ugly
- Pros and cons of geographic and sector diversification
- How to make money from Asian infrastructure
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| | Mr Andrew Yee, Principal, Standard Chartered IL&FS Asia Infrastructure Growth Fund
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11.15 | Comparing infrastructure investments in listed & unlisted funds and trusts
- Analysing the advantages and disadvantages of each option
- Understanding why some types of infrastructure list and others tend not to; how does this impact investors
- Arcapita’s experience in investing in each option; lessons learnt
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11.45 | Investing in infrastructure by a fund of funds: is it the same as mainstream PE?
- Is infrastructure a distinct asset class for Fund of Funds ?
- When are private equity investments in infrastructure assets justifiable?
- Can you manage your risk better through indirect investment?
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12.15 | Networking lunch
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| HOW CAN INVESTORS INVEST IN INFRASTRUCTURE ASSETS IN
ASIA II |
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13.15 | How investors can invest in infrastructure through Islamic
funds
• Understanding the criteria for investing in Islamic funds; what are the rules and requirements
• What is Islamic funds’ and Islamic investments’ perspective on infrastructure as an emerging asset class
• What is its perspective on Asia in particular? |
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13.35 | Choosing between mature vs. emerging market asset class
• Understanding the advantages and disadvantages in eachasset class
• Update of stellar and popular mature and emerging assets; what makes them stand out? |
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13.55 | Panel discussion: We’ve invested our $$$ – now what?
• How investors can predict their cash flows after 10, 15, 30 years
• When a closed fund becomes a listed fund – what happens to investors’ returns?
• Securitising assets – how does this affect the investors?
• Transferring rights on a tax-free basis – how does this work?
• Is a secondary market likely to develop in funds and/or portfolios of assets? |
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| INVESTMENT ALLOCATION & PORTFOLIO MANAGEMENT |
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14.40 | How can an institutional investor structure its portfolio for maximum return through infrastructure investment?
• Evaluating the potential returns and risks of different asset class
• Identifying how you can diversify your portfolio through infrastructure
• Understanding investment strategies in infrastructure assets to achieve greater return at lower risks
• Understanding what you need to watch out for to avoid investment pitfalls |
| | Dr Woonki Sung, Representative Director, Darby Hana Infrastructure Fund Management Co Mr Jon Addison, Fund Manager, Meat Industry Employees' Superannuation Fund
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15.40 | Afternoon refreshments
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16.10 | Panel discussion: Criteria in choosing the right fund manager who can maximize your return at minimum risk
• Knowing the factors in choosing the right infrastructure fund manager
• Understanding the impact of having the right fund manager
• How much leeway can you give your fund manager and the involvement you need to maintain with your investment in a fund |
| | Dr Woonki Sung, Representative Director, Darby Hana Infrastructure Fund Management Co Mr Sang-Hyon Ryu, Senior Portfolio Manager - Alternative Investment, National Pension Service Korea Mr Jon Addison, Fund Manager, Meat Industry Employees' Superannuation Fund
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| PRICING, VALUATION, CASH FLOW MODELLING AND PROSPECTIVE
RETURNS |
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16.55 | Strategies in structuring projects to produce long term regular and predictable cashflows
• Considering high quality concessions to improve project bankability
• Having the optimal cost and capital structure
• Importance of a reliable O&M operator with good track record and technology capabilities
• Potential for expansion |
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18.15 | Chairman’s Closing Remarks & End of Conference Day Two
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Day Three: Thursday, 12 June 2008
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08.30 | Registration
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08.50 | Chairperson’s opening remarks
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| SPECIAL FEATURE ON INDIA |
Moderator: Andy Mukherjee, Bloomberg
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09.00 | India needs to raise USD 488 Billion for infrastructure over the next five years: Implications for Indian infrastructure owners and global investors
• Reviewing privatisations status for different assets: Roads, railway, utilities, ports, airports, power and etc
• Understanding how infrastructure owners are raising capital currently and what are the opportunities for them to raise capital more effectively
• What is the role of government in encouraging foreign investment
• Identifying potential risks for investors and evaluating how you can minimize your investment risks
• Development of infrastructure funds in India: A review of recent launches |
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09.30 | Country will still miss $162B investments unless the local
currency bond market is improved
• Knowing government plans to improve the market for corporate debt and rupee-dominated debt to finance infrastructure projects
• How can corporate bonds sustain India’s growing economy and create trade and investment opportunities for foreign businesses? |
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10.00 | Understanding how public-private partnerships work in India: a government perspective
- Status update of PPP activities and its success in developing infrastructure projects in India
- What are the constraints and bottlenecks of PPP progressing
- What is being done by the government to ease PPP projects to progress
- Understanding the role of IIFCL in infrastructure development and investment in India
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10.30 | Investment allocation strategy for India
- Why India should be part of your infrastructure investment growth story
- Minimising your risk through effective allocation planning
- Strategies & best practices in maximizing your investments into India’s infrastructure landscape
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| | Mr Vikram Pant, Managing Director- Investments, IDFC Project Equity Company
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11.00 | Morning refreshments
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| INVESTOR OPPORTUNITIES IN ASIA POWER PROJECTS |
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11.30 | Potential of power projects in India
• A sweep of upcoming power projects in India needing capital
• Presentation and focus on one priority power project
• Understanding worth of assets and potential ROI for investors |
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11.50 | Invest in PT PLN’s power generation and transmission network expansion project
• Based on the targeted capacities, how much is required and what it the potential ROI for investors
• Recent successful capital raising ventures and preferred option to raise new capital required |
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12.10 | Networking lunch
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| INVESTOR OPPORTUNITIES IN PORTS AND TOLL ROADS |
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13.10 | Opportunity to invest in Azhikkal, Beypore and Allepey ports and marina
• Introduction on the location, requirements and rationale behind upping 3 ports in Azhikkal, Beypore and Allepey
• Why investors should invest here? Presentation of low risk and projected returns in these assets
• Government commitment to contribute to timely completion of project and maximum returns for investor |
| | Capt L Radhakrishnan, Secretary (Ports) and Director & CEO, Int'l Deepwater Seaport & Container Transshipment Terminal; Vizhinjam International Seaport
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13.30 | Understanding risks and returns in Thailand’s upcoming toll road project
• Status update of toll roads in Thailand: How many there are and how much owners are earning
• Rationale behind building more toll roads and current issues and concerns
• Projected risks and returns |
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| INVESTOR OPPORTUNITIES IN WATER, OIL AND GAS,
TELECOMMUNICATIONS |
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13.50 | Investing in Mongolia’s telecommunication network
• Privatisation: Understanding Mongolia’s platform for
infrastructure investment from domestic and foreign investors
• Introduction into the telecommunication network in the country in general and the rationale behind development and refurbishment
• How can investors earn and how much will they potentially gain if they invest in ICNC |
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14.10 | Why invest in Indonesia’s oil & gas pipeline?
• Latest status of national oil and gas pipeline and industry (regulation and policy framework)
• The need of our state owned companies and the government to work hand in hand through IPP (Private partnership), both for commercial and basic public service in the industry
• The way to find breakthroughs (alternatives) to expedite the development of the infrastructure (Pipelines, refinery, and last mile distribution network) |
| | Mr Eddy Satriya, Deputy Assistant for ICT and Utility Deputy for Infrastructure and Regional Development, Coordinating Ministry for Economic Affairs
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14.30 | Afternoon refreshments and U-Turn
Participants will write a topic and nominate persons upon registration on the Day 1 of the conference. Placed on a board for everyone to see, the most common topic and persons will discuss the topic as a
panel at this time.
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15.00 | Chairman’s Closing Remarks & End of Conference
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Pre conference Masterclass A: Monday, 9 June, 9.00am - 5.00pm
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09.00 | A-Z of raising capital from an infrastructure fund
• Introduction and history of infrastructure fund; rationale behind the inception of infrastructure funds
• Differences between listed and unlisted funds and understanding the pros and cons of both vehicles
• Understanding on investor appetite for infrastructure fund in Asia
• Evaluating effectiveness in raising capital through infrastructure: a review of successes and failures of recent launches
• Identifying key regulatory and taxation policies across different countries in Asia
• Opportunities for cross border listing
• Key lessons learn from REIT
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Post conference Masterclass B: Friday, 13 June 2008, 9.00am - 5.00pm
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09.00 | Structuring funds and co-investment transactions: A practical guide to legal, tax and regulatory issues
This masterclass offers you the most comprehensive and enlightening guide to the legal, tax and regulatory issues relating to structuring infrastructure funds and co-investment transactions. A must-attend for investment banks, fund managers, private equity firms, real estate investors and hedge funds evaluating the prospect for new business through
infrastructure investments.
• Learn how to optimize your tax treatment in infrastructure funds and co-investment transactions
• Relating the implications of terms and conditions on your infrastructure fund
• Explaining how terms and conditions will vary for co-investment arrangements
• Examining the structure of the transaction
• Exploring varying structure for co-investment transactions
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Post conference Masterclass C: Friday, 13 June 2008, 9.00am - 5.00pm
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09.00 | How to set up a business infrastructure trust
Singapore is once again home to the first business infrastructure trusts and shipping trusts similar to its signature REIT. This is yet another innovative way for infrastructure owners to raise much needed capital.
Sign up for this masterclass and learn how to set up your business trust without having to go thru the hassles of setting up for the first time. This
is a must-attend for infrastructure owners whether in energy, transport, telecommunications, oil and gas and waste to energy plants.
• Understanding what a business trust is; its advantages and disadvantages
• Knowing when to decide to put up your business to a trust and why; what are the right reasons
• What are the procedures to setting up a business trust?
• What are the legal requirements?
• What are the implications of putting my business into a trust?
• Successes and failures of existing business trusts
Registration for masterclass start at 8:00am. Masterclass will commence at 9:00am and end at 5:00pm.Refreshments and lunch will be served at appropriate times.
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