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.

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.

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

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.

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

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

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.

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...

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

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.