Shearman And Sterling

Shearman & Sterling is firmly committed to helping clients achieve their business objectives. With a focus on our clients’ changing needs and goals, we deliver a wide range of materials and services to keep them up to date and informed.

Perspective

UK Almost Triples Spending on Subsidies Since Leaving the European Union

November 29, 2023

Shearman & Sterling advises on many of the most significant subsidy matters in the UK and European Union. As part of this work, we have seen the increasing role that subsidy has played in the policy choices made by Governments—to support net zero, recover from the COVID-19 pandemic, re-allocate funds after Brexit and onshore industrial supply chains.

Perspective

NYDFS Finalizes Significant Amendment to Part 500 Cybersecurity Regulation

November 29, 2023

On November 1, 2023, the New York State Department of Financial Services issued its Second Amendment to its Cybersecurity Requirements for Financial Services Companies adopted in 2017, codified in Section 500 of 23 NYCRR 500.

Perspective

Two recent cases looking at statutory formalities for signing of documents

November 29, 2023

Two recent English cases illustrate a strict and a more flexible approach by the courts when considering whether the signing of a legal...

Perspective

SEC Postpones Effective Date of New Stock Buyback Disclosure Requirements

November 22, 2023

The Securities and Exchange Commission (SEC) announced today that it has issued an order postponing the effective date of its Share Repurchase Disclosure Modernization rule and, as a result, the rule is stayed pending further SEC action.

Perspective

Sustaining the Wind of Reform in the Philippines

November 20, 2023

Although the Philippines has not yet made a formal net zero commitment or set any specific offshore wind (“OSW”) targets, there have been...

Perspective

Shearman & Sterling Finance Lawyers Lead Chambers Banking & Finance 2023 Global Practice Guide

November 15, 2023

Shearman & Sterling Finance lawyers authored the “Introduction” and the “USA: Law & Practice” chapter of the 2023 Chambers Banking & Finance Global Practice Guide.

Perspective

U.S. Clarifies and Strengthens Restrictions on Semiconductor Exports to China

November 14, 2023

On November 6, 2023, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) hosted a public briefing to address questions and further clarify its recently announced rules on October 17, 2023.

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FRC scales back 2024 Corporate Governance Code revision

November 10, 2023

On 7 November 2023 the FRC issued a press release in relation to its ongoing review and update of the UK Corporate Governance Code (the...

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FCA issues warning about Market Abuse and Market Soundings

November 09, 2023

On 31 October 2023, the FCA published its Market Watch newsletter no. 75 ("MW75"), expressing concern about instances of possible market...

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DOL Proposes New Fiduciary Rule Aimed at Investment Advice to Individual Retirement Investors

November 07, 2023

More than five years after the Fifth Circuit Court of Appeals decision to vacate the Department of Labor’s 2016 fiduciary rule, the DOL has proposed a new rule that, once again, attempts to re-define when financial organizations are so-called “investment advice fiduciaries” subject to ERISA. The proposed rule will be of particular interest to broker-dealers, banks, investment advisers and insurance firms and their agents that interact with retail retirement clients.