Event

PLI’s Securities Litigation 2024: From Investigation To Trial

April 29, 2024

Senior Partner Adam Hakki (New York-Litigation) and partner Lyle Roberts (Washington D.C.-Litigation) will be participating in Practising Law Institute’s “Securities Litigation 2024: From Investigation to Trial” program on April 29, 2024. 

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DOL Issues Final Rule Amending QPAM Exemption

April 15, 2024

On April 3, 2024, the Department of Labor (DOL) released its final rule amending Prohibited Transaction Exemption 84-14 (PTE 84-14). PTE 84-14 exempts from ERISA’s prohibited transaction rules certain transactions between parties in interest and plans managed by a Qualified Professional Asset Manager (QPAM) when the conditions of the exemption are met.[1] The final rule (1) expands the type of conduct that will render a QPAM ineligible to rely on the exemption, (2) provides for a transition period in which to cease conducting transactions that are no longer exempt if a QPAM becomes ineligible for the exemption, (3) requires that QPAMs register with the DOL and (4) increases certain AUM and equity thresholds necessary for QPAM qualification. The final rule also attempts to provide clarity as to the extent to which a QPAM must be involved in a transaction in order to take advantage of the exemption and adds certain recordkeeping requirements.

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Ontario Teachers’ US$1.5 Billion Senior Notes Offering

April 10, 2024

Shearman & Sterling advised BNP Paribas, J.P. Morgan, National Bank of Canada Financial Markets and TD Securities, as joint book-running managers, and BMO Capital Markets, Deutsche Bank, Morgan Stanley and Scotiabank, as co-managers, in connection with a Rule 144A/Regulation S offering by Ontario Teachers’ Finance Trust (“OTFT”) of US$1.5 billion aggregate principal amount of 4.625% Senior Notes due 2029. 

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Alain Dermarkar Recognized as Top Texas Dealmaker by Texas Lawbook

April 10, 2024

Shearman & Sterling Private Equity partner Alain Dermarkar has been recognized by Texas Lawbook as a top dealmaker in the state of Texas for 2023. Over the course of the year, Alain advised clients in 13 transactions valued at $3.27 billion.

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Fifth Circuit Securities Litigation Quarterly Q1 2024

April 09, 2024

Welcome to the first 2024 edition of Shearman & Sterling’s Fifth Circuit Securities Litigation Quarterly.

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Allen & Overy and Shearman & Sterling announce first partner promotions for A&O Shearman

April 08, 2024

Allen & Overy (A&O) and Shearman & Sterling (Shearman) today announce the first partner promotions for the combined firm, A&O Shearman. A total of 41 partners have been elected to the partnership by their current respective firms.

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Shearman & Sterling Shortlisted for Lawyer of the Year Recognitions in International Financial Law Review’s 2024 Women in Business Law Awards

April 08, 2024

Shearman & Sterling has been shortlisted by the International Financial Law Review as a “Pro Bono Work International Firm of the Year” as part of its 2024 Women in Business Law Awards.

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Shearman & Sterling Attorneys Author Article on Recent “Double Dip” Liability Management Transactions

April 05, 2024

Shearman & Sterling partners Michael Chernick, Sara Coelho, Kevin Heverin and Shameer Shah, and associate Magnus Wieslander, have authored an article in the latest edition of Butterworths Journal of International Banking and Financial Law (JIBFL).

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Lorna Chen Appointed to Hong Kong Government’s Resolution Compensation Tribunal

April 05, 2024

Asia Regional Managing Partner and Head of Greater China Lorna Chen was appointed by the Hong Kong government to the Resolution Compensation Tribunal (RCT) as a panel member for a term of 2 years commencing from April 1, 2024.