Shearman & Sterling attorneys discussed a recent Tax Court decision in an article republished in the Summer 2023 issue of the Journal of Taxation of Investments entitled “Tax Court Agrees Profits Interest Safe Harbor Should Apply to Tiered Partnership Structure.” 

Shearman & Sterling partners have been recognized in Law360’s prestigious 2023 “MVP” list.

Shearman & Sterling Antitrust partner James Webber discussed a recent decision of European Court of Justice in a case that resulted in a €32 million fine against the United Kingdom.

Shearman & Sterling Project Development & Finance partner, Paul Epstein, was a panelist for the ‘P3 Electrified Summit’ organized by P3C Media, which was held earlier this month in San Diego.

On June 9, 2023, the Securities and Exchange Commission (SEC) approved the New York Stock Exchange’s (NYSE) and Nasdaq Stock Market’s (Nasdaq) proposed clawback listing standards.

Shearman & Sterling represented Chesapeake Utilities Corporation in a definitive agreement to acquire Florida City Gas from NextEra Energy, Inc. for $923 million in cash. Upon close of the transaction, expected by the end of the fourth quarter of 2023, Florida City Gas will become a wholly-owned subsidiary of Chesapeake Utilities.

Shearman & Sterling Compensation, Governance & ERISA partners Doreen E. Lilienfeld and Gillian Emmett Moldowan have been named in the 17th edition of the Lawdragon “500 Leading Corporate Employment Lawyers” guide.

Shearman & Sterling advised leading green fuels company InterContinental Energy on its $115 million capital raise. The capital raise involved an increase by Singapore’s sovereign wealth fund GIC of its existing investment in InterContinental Energy and a new investment from Hy24, a European clean hydrogen investment fund.

The U.K. Supreme Court has recently clarified the English courts’ power under Section 9 of the Arbitration Act 1996 to stay proceedings which are properly the subject of an arbitration agreement.

Shearman & Sterling represented BMO Capital Markets, BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan and Societe Generale, as lead underwriters, in connection with Bank of Montreal’s registered public offering of $2.5 billion of medium-term notes, comprised of $1.2 billion aggregate principal amount of its 5.920% Senior Notes due 2025, $1 billion aggregate principal amount of its 5.717% Senior Notes due 2028 and $300 million aggregate principal amount of its Floating Rate Notes due 2025, under its U.S. medium-term note program.