Partner Kris Ferranti (New York – Real Estate) authored an article titled “A Look At Lease Expansion Options In A Challenging Market” that was published by Law360. This timely article examines the use of lease expanse options as a tool for landlords and tenants to consider during periods of economic downturns and uncertainty. In addition to providing an overview of the common types of expansion rights, Ferranti discusses the key factors affecting leverage and the important terms that each party should consider negotiating to reduce risk and maximize flexibility in a changing environment.

A detailed set of amendments to the Financial Services and Markets Bill (FSMB) were tabled by Lord Lilley on 23 January 2023, promoting enhanced accountability for the U.K.’s financial regulators. These comprise the result of extensive work and consultation among a diverse set of stakeholders, including leading barristers, regulated firms and advocacy groups, led by Shearman & Sterling. The changes aim to enhance the accountability of financial regulators, with a view to making the U.K.’s financial markets the best regulated in the world.

The new Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) thresholds will go into effect on February 27, 2023 and will apply to all transactions closing on or after that date. As previewed in our client alert on December 30, 2022, under the Merger Filing Fee Modernization Act, three additional tiers of filing fees will go into effect on February 27, 2023, for a total of six tiers. Notably, the highest filing fee threshold, which applies to transactions valued at $5 billion or more, will increase from $280,000 to $2.25 million.

Through the Alumni Spotlight series, you can meet a few of our distinguished alumni to learn how they leveraged their time at the firm to advance their careers and what advice they would give to those looking to have similar success.

Through the Alumni Spotlight series, you can meet a few of our distinguished alumni to learn how they leveraged their time at the firm to advance their careers and what advice they would give to those looking to have similar success.

The 2023 proxy season is just around the corner. This quick reference guide, which is intended to supplement Shearman & Sterling’s 20th Annual Corporate Governance & Executive Compensation Survey, summarizes themes from the 2022 proxy season and developing trends to consider for 2023. It also identifies possible future changes in disclosure rules that public companies should consider for the upcoming proxy season.

Through the Alumni Spotlight series, you can meet a few of our distinguished alumni to learn how they leveraged their time at the firm to advance their careers and what advice they would give to those looking to have similar success.

Through the Alumni Spotlight series, you can meet a few of our distinguished alumni to learn how they leveraged their time at the firm to advance their careers and what advice they would give to those looking to have similar success.

The Inflation Reduction Act (the “IRA”) provides tax incentive credits for taxpayers that pay prevailing wages to employees and utilize registered apprentices for the construction of energy efficient commercial and residential buildings, electric vehicle charging infrastructure and other clean energy projects. On November 30, 2022, the Internal Revenue Service published a notice to provide guidance on the specific labor standards that taxpayers must meet to qualify for these tax incentives. This article discusses the specifics of the wage and apprenticeship requirements in order for taxpayers to take advantage of the incentives offered.

The EU Foreign Subsidies Regulation (FSR) entered into force on 12 January 2023. It represents a massive expansion in the European Commission’s power to investigate inward investment to the EU. This new regulation—the first of its kind in the world—attempts to assert control over subsidies granted by non-EU countries.