Shearman And Sterling

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Legal Notices

Shearman & Sterling LLP is a limited liability partnership organized under the laws of the State of Delaware. Shearman & Sterling (London) LLP is a limited liability partnership organized under the laws of the State of Delaware for the practice of law in the United Kingdom. Shearman & Sterling is a partnership organized under the Hong Kong Partnership Ordinance and registered with the Law Society of Hong Kong for the practice of law in Hong Kong. Shearman & Sterling LLP practices in Italy in association with Studio Legale Associato Shearman & Sterling. Shearman & Sterling LLP operates in association with The Law Firm of Dr. Sultan Almasoud for the practice of law in Saudi Arabia.

For a full description of our various legal and regulatory notices, please click on the links below.


If you are having any difficulty using this website, please contact us at Identifying the webpage address or URL and the specific problems you have encountered will assist us in resolving any issues.

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Prior results do not guarantee a similar outcome. Content is provided for your convenience and does not constitute legal advice.

Cookie Notice 

This notice describes how Shearman & Sterling LLP, Shearman & Sterling (London) LLP, Shearman & Sterling and its affiliated entities (collectively, “Shearman & Sterling”) use cookies and tracking technologies on our websites and mobile apps.

It is our policy to use cookies and tracking technologies only with the consent of the users of the websites we provide, except where the use of cookies or tracking technologies is strictly necessary for the operation or use of a website.

For further information on the way we use information about you, please see our Privacy Notice.

Cookies and Tracking


A cookie is a small text file that is sent by a website to your computer or mobile device where it is stored by your web browser. Cookies may store information such as your IP address or other identifiers, your browser type, and information about the content you view and interact with on our sites. By storing such information, cookies can remember your preferences and settings, and analyze how you use our websites.

We use both first-party and third-party cookies. First-party cookies are set by the website you are visiting. Third-party cookies are set by a domain which is different to the website you are visiting, an example of this is where cookies are placed on your device by when you share content from our website on social media websites.

Cookies can be either session cookies or persistent cookies. Session cookies are cookies which are deleted when you close your internet browser. Persistent cookies stay in place after you have closed your browser, for example, a cookie which tracks whether you are a new or return visitor to the website.

Tracking Technologies: Web Beacons/Gifs, Pixels, Page Tags, Script

Emails and mobile apps may contain small transparent image files or lines of code to record how you interact with them. We use this technology in our email marketing initiatives to analyze and improve our email marketing communications.

IP Addresses

An IP address is a unique identifier that certain electronic devices use to identify and communicate with each other on the Internet. When you visit our websites, we may view the IP address of the device you use to connect to the Internet. We use this information to determine the general physical location of the device and understand from what geographic regions our website visitors come. We also may use this information to enhance our websites.

Tracking Via Mobile Devices

When you use applications on your mobile device, unique identifiers associated with your device (such as the device ID and IP address), your activity and your network location may be recorded. This information may be used to analyze, improve and customize our content for mobile devices.

How We Use Cookies and Tracking Technologies

Strictly Necessary Cookies

These cookies are necessary for our website to function and cannot be switched off in our systems. They may include cookies that remember your preferences and settings, that remember information you enter so that you do not have to re-enter it, or that allow you to log into portals. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work.

Analytics Cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to identify the most and least popular content and see how visitors move around the site. If you do not allow these cookies, we will not know when you have visited our site and will not be able to monitor its performance or optimize your experience.

View further information on the analytics programs we use in countries where such use is permitted: Google Analytics or Siteimprove.

Functional Cookies

These cookies enable us to provide enhanced functionality and personalization. They allow our websites to remember your site preferences and choices you make on the site including username, region, and language. They do not track browsing activity across other websites. Functional cookies can include first-party, third-party, persistent or session cookies. Similar to strictly necessary cookies, functional cookies are used to provide services you request. If you do not allow these cookies, then some or all of the websites may not function properly.

Marketing Cookies

Marketing cookies are third-party cookies from services used on our website, such as embedded videos or podcasts, that gather information from you on your device to display advertisements to you on their platforms and across the web based on relevant topics that interest you. The information the cookies gather is shared with advertisers to measure the performance of their advertisements. If you do not allow these cookies, you will experience less targeted advertising. The third parties’ use of your information, including their deployment of cookies and tracking technologies, is subject to the third party’s privacy policy—not ours.

Social Media Cookies

These cookies are used by social media services, such as, that we have added to the site to enable you to share our content with your friends and networks. With your consent, they can track your browser across other sites and build up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies, you may not be able to use or see these sharing tools. Please see the AddThis privacy policy for more information.

Email Marketing Tracking Technology

The information gathered from our email marketing communications is used to discover if our content is performing well with email recipients by gathering open rates and click rates through to web content and/or invitation registrations. This technology is not integrated with our websites and therefore user journeys on the website cannot be linked to individuals engaging with email content.

IP Address Tracking

We use a tool called Lead Forensics to assess content performance across industries. The tool tracks the IP addresses visiting our websites, then runs them through a database to provide advanced business data. This IP address tracking keeps individual information anonymous, but will provide the following:

  • The names and locations of the associated businesses visiting our websites
  • Names and contact details for key decision makers at those businesses
  • A full breakdown of the time spent on our websites, including pages viewed and referral data.

Your Choices

Your Cookie Preferences on Our Websites

When you first visit our website, you will be presented with a Cookies Banner, which offers you a choice of whether to accept or reject cookies or tracking technologies of different types, except for those cookies that are strictly necessary for a particular service.

Visit our Cookie Preference Center using the button below if you wish to amend your choice at any time.

Managing Cookies on Your Device

If you wish, you can also choose how web browser cookies are handled by your device via your browser settings. Some devices allow you to control this through your device settings. If you choose not to receive cookies at any time, websites may not function properly, and certain services will not be provided. Every browser or device is different, so check the settings menu of the browser or device to learn how to change your settings and cookie preferences. Learn how to change your cookie setting on any browser. In addition to the browser-based controls, you can manage third-party cookies by visiting YourAdChoices and Your Online Choices.

How to Contact Us

If you have any questions or concerns about our use of cookies and other tracking technologies, please email us at or you may write to us via postal mail at:

Shearman & Sterling
Attn: Director of Data Privacy
9 Appold Street
London EC2A 2AP
United Kingdom


This website is purely a public resource of general information which is intended, but not promised or guaranteed, to be correct, complete, and up-to-date. However, this website is not intended to be a source of advertising, solicitation, or legal advice; thus, the reader should not consider this information to be an invitation for an attorney-client relationship, should not rely on information provided herein, and should always seek the advice of competent counsel in the reader's state. Moreover, any reader who sends an e-mail to the owner of this website must realize that this unilateral action, and any reply thereto, do not, in and of themselves, create an attorney-client relationship and the reader must have no expectation whatsoever of confidentiality with regard to any information contained in his or her e-mail(s).

Furthermore, the owner of this website does not wish to represent anyone desiring representation based upon viewing this website in a state where this website fails to comply with all laws and ethical rules of that state. In addition, the use of Internet e-mail for confidential or sensitive information is discouraged. Finally, the owner of this website freely grants permission to anyone wishing to link to this website without representation; the owner will gladly remove any link from this website upon request from the linked entity; this website is not sponsored or associated with any particular linked entity unless so stated in truth by that entity; and the existence of any particular link is simply intended to imply potential interest to the reader.

LLP Status 

Shearman & Sterling LLP is a limited liability partnership under the laws of the State of Delaware. The personal liability of our partners is limited to the extent provided in such laws. 

Under the laws of Delaware, an obligation of the Firm incurred while the Firm is a limited liability partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the Firm, and partners of the Firm are not personally liable, directly or indirectly, by way of indemnification, contribution, assessment or otherwise, for such obligation solely by reason of being or so acting as a partner. 

Shearman & Sterling (London) LLP, the partnership through which the business of the Firm is undertaken in the United Kingdom, has also qualified as an LLP under the laws of the State of Delaware and the personal liability of its partners is also limited to the extent provided by such laws. 

As used herein, "Shearman & Sterling" refers to Shearman & Sterling LLP, a limited liability partnership organized under the laws of the State of Delaware.

Modern Slavery Act 

Anti-Slavery and Human Trafficking Statement


Shearman & Sterling is committed to acting ethically and with integrity in all its business relationships, and to addressing slavery and human trafficking in all its forms, including (without limitation) slavery1, servitude2  or forced labor3  (together “Slavery and Human Trafficking”).

This statement relates to Shearman & Sterling LLP and its affiliated entities, including Shearman & Sterling (London) LLP, a limited liability partnership organised under the laws of the State of Delaware for the practice of law in the United Kingdom and authorized and regulated by the Solicitors Regulation Authority, and Shearman & Sterling, a partnership organised under the Hong Kong Partnership Ordinance and registered with the Law Society of Hong Kong for the practice of law in Hong Kong (together “the Firm”, “us”, “our” or “we”). We practice in Italy in association with Studio Legale Associato Shearman & Sterling. We operate in association with the Law Firm of Dr Sultan Almasoud for the practice of law in Saudi Arabia.

In accordance with section 54 of the Modern Slavery Act 2015, this statement is made by Shearman & Sterling (London) LLP. It sets out the steps taken by the Firm in the financial year ending 31 December 2021 (the “Relevant Period”) to combat Slavery and Human Trafficking occurring in its business or supply chains.

[1] The status or condition of a person over whom all or any of the powers attaching to the right of ownership are exercised.
[2] An obligation to provide services, imposed by the use of coercion.
[3] Work that is extracted under the menace of any penalty and on a non-voluntary basis.

Organization structure and supply chains

The Firm

The Firm is a global, full-service law firm headquartered in New York with offices in the United States, the European Union, the United Kingdom, Japan, China, Hong Kong, the UAE, Brazil, South Korea, Singapore and Canada. The Firm advises its clients in a broad range of specialisms, including Antitrust, Capital Markets, Finance, Funds, Mergers & Acquisitions, Private Equity, Project Development & Finance, Real Estate, Tax, Regulatory, Litigation and Arbitration.

As a legal professional services organization, the Firm is strictly regulated by the various professional regulatory bodies in the jurisdictions in which it operates. The Firm's lawyers are directly regulated by their relevant legal professional body or bar association.

Shearman & Sterling (London) LLP and its employees, together with those Firm lawyers (wherever based) who are admitted in England and Wales, are authorised and regulated by the Solicitors Regulatory Authority (the SRA). The SRA Standards and Regulations 2019 include fundamental principles of ethical behaviour that all SRA regulated individuals and law firms must uphold. Other jurisdictions impose similar obligations that govern the Firm’s and its lawyer’s conduct.

The Firm invests heavily in supporting the wellbeing of its staff and complies with all applicable employment legislation, including those relating to pay. In the UK, the Firm pays its staff and suppliers an amount equal to at least the London Living Wage.

Supply Chain

The Firm’s supply chains support its ability to run its offices and provide legal services to its clients – primarily, this consists of professional, business support, and goods and service providers. Such providers are either engaged on a global scale or are local to a particular jurisdiction.

A review of the key suppliers for Shearman & Sterling (London) LLP indicates the London Office's largest spend (including contractors) are on property, human resources, office facilities support and professional service providers. Other key suppliers provide training services, library and knowledge services, telecommunications and information technology.

Policies in relation to Slavery and Human trafficking

The Firm operates a number of internal policies to support its commitment to combatting the risk of Slavery and Human Trafficking within its business and its supply chains.

The Firm’s Anti-Slavery and Human Trafficking Policy sets out its commitment to acting ethically and with integrity in all its business relationships.

The Firm has robust employment and labour policies that support its dedication to fostering a safe and supportive working environment. These include policies on equality and non-discrimination, which demonstrate the Firm’s commitment to a fair, ethical, and inclusive workplace.

The Firm’s vendor management policy is designed to assist the Firm to assess and manage the risks associated with the use of vendors.

Other key policies relevant to the Firm’s approach in this area include the Firm’s Anti-Bribery and Corruption Policy, Anti-Money Laundering Policy, and the London Regulatory Reporting Policy.

These policies are available via the Firm’s intranet. They are reviewed, and where necessary, updated, on an annual basis or in response to changing law, regulation or industry best practice.

Due Diligence Processes and Key Performance Indicators

The Firm places a high value on acting ethically and with integrity across all areas of its business and it calls for its suppliers to share these standards. The Firm expects those it does business with to comply with their own regulatory obligations within their business operations or supply chains, and it has adopted a number of procedures to reduce the risk of Slavery and Human Trafficking occurring within its own supply chains.

  • The Firm’s vendor management program is designed to assist the Firm to assess, screen and monitor its vendor population. This is done through a mixture of screening, contract negotiation and ongoing engagement and monitoring of the Firm’s vendors;
  • The Firm carries out an annual review of its key population of suppliers providing goods and services to its London office, and sends out annual communications to such suppliers to ensure they are aware of the standards expected of them in the context of Slavery and Human Trafficking; and
  • The Firm’s standard vendor terms include a contractual right for the Firm to audit its suppliers and to meet with them at least annually.


Training and awareness is a key tool to reduce the risk of Slavery and Human Trafficking.

In the Relevant Period, mandatory annual Slavery and Human Trafficking training was provided on a global basis to certain members of staff who were substantially involved in the procurement of goods and/or services on behalf of the Firm. This training equips relevant staff with an understanding of what Slavery and Human Trafficking involves and provides guidance on "red flag" indicators which may suggest the existence of Slavery and Human Trafficking. Excluding staff departures, all staff required to undertake the training did so within the Relevant Period.

The Firm has since conducted a review of this training, to ensure its ongoing effectiveness. In particular, the format in which this training is delivered will be enhanced, in order to improve its effectiveness and reach.

Key Progress and Priorities

Throughout the Relevant Period, the Firm has made significant progress in updating a number of policies and procedures which will, amongst other objectives, assist in reducing the Firm’s risk of exposure to Slavery and Human Trafficking. These projects will continue to be a focus for the Firm over the next year, where the outcomes are expected to form a key part of its Slavery and Human Trafficking program going forward.

  • Vendor Management Project: The Firm continues to progress its vendor management project to enhance the way in which vendors are screened, onboarded and managed during the life of the relationship with the Firm.
  • Code of Conduct: The Firm is working to establish a formal Code of Conduct, underpinned by the strong core values it holds.
  • Raising Concerns: The Firm has introduced a Global Raising Concerns policy, where staff are encouraged speak up if they believe or suspect any wrongdoing in connection with the Firm's business. Staff may raise concerns confidentially, in the knowledge that their report will be investigated and addressed in the appropriate manner. This policy also contains whistleblowing procedures, where permitted / required under relevant law.

Risk assessment and management

The Firm reviews its assessment of the risks of Slavery and Human Trafficking occurring within its business and supply chains on an annual basis.

As a professional services organization, the Firm considers the risk of Slavery and Human Trafficking existing within its business to be low.

The Firms key suppliers are professional, business support, goods and service providers who are engaged to support the running of the Firm to provide legal services to its clients. While the Firm recognizes that its material risk of exposure relates to its supply chain, it has not identified any cause for concern in this respect.

The Firm acknowledges the need for constant vigilance, where Slavery and Human Trafficking can exist in jurisdiction in which the Firm operates and from which it procures goods and services. It takes care to seriously consider any issues regarding non-compliance with applicable laws and regulations, including those relating to Slavery and Human Trafficking in the unlikely event they arise.

William J.F. Roll III

Belgium Regulatory Notice 

Information pursuant to Article 7 of the Belgian Law of March 11, 2003

Shearman & Sterling LLP
Rue Guimard 9
1040 Brussels, Belgium
T: +32 2 500 9800
F: +32 2 500 9801
VAT number: 406.931.466

The Belgian lawyers practicing in the Brussels office are admitted to practice under the professional title “advocaat/avocat”. They are members of the Brussels Bar, List A. The lawyers from other Member States or other foreign jurisdictions are members of, or are registered with, the Brussels Bar, List E or B, and are members of foreign Bars.

Each lawyer’s bar admission(s) can be found in his/her biography.

Members of the Brussels Bar (List A, B, or E) are subject to professional rules that are available at or The profession of “advocaat/avocat” is regulated by Articles 428-508 of the Belgian Judicial Code, which is available at


Germany Regulatory Notice 

As of 30/05/23

Angaben gemäß § 5 des Telemediengesetzes (TMG) vom 26.2.2007 sowie nach § 2 Dienstleistungs-Informationspflichten-Verordnung (DL-InfoV) vom 12.3.2010:


Shearman & Sterling LLP, Zweigniederlassung Frankfurt
Bockenheimer Landstraße 2-4
60306 Frankfurt am Main
Geschäftsleitung: Dr. Thomas König
Tel.: 069 – 9711 1000
Fax: 069 – 9711 1100


Die gesetzliche Berufsbezeichnung "Rechtsanwalt" wurde in der Bundesrepublik Deutschland verliehen. Alle als Rechtsanwalt bezeichneten Personen sind in der Bundesrepublik Deutschland als Rechtsanwalt zugelassen und Mitglied der jeweiligen örtlichen Rechtsanwaltskammer:

Es gelten unter anderem die folgenden berufsrechtlichen Regelungen:

  • Bundesrechtsanwaltsordnung (BRAO)
  • Berufsordnung für Rechtsanwälte (BORA)
  • Rechtsanwaltsvergütungsgesetz (RVG)
  • Fachanwaltsordnung (FAO)
  • Gesetz über die Tätigkeit europäischer Rechtsanwälte in Deutschland (EuRAG)
  • Berufsregeln der Rechtsanwälte der Europäischen Gemeinschaft (CCBE)
  • Geldwäschegesetz (GwG)

Die Berufsrechtlichen Regelungen können über die Homepage der Bundesrechtsanwaltskammer in der Rubrik „Berufsrecht“ eingesehen und abgerufen werden.

In Deutschland ansässige, in anderen Jurisdiktionen zugelassene Anwälte sind ebenfalls Mitglieder der betreffenden örtlichen Rechtsanwaltskammer, sowie zusätzlich, gemäß den Regelungen der betreffenden ausländischen Jurisdiktionen, Mitglieder ausländischer Anwaltskammern.


Shearman & Sterling LLP unterhält über die Allianz Versicherungs-AG in 10900 Berlin eine Berufshaftpflichtversicherung mit weltweiter Geltung einschließlich der deutschen Zweigniederlassung und für die in der Bundesrepublik Deutschland zur Anwaltschaft zugelassenen Berufsträgerinnen und Berufsträger.

Weitere Einzelheiten ergeben sich aus den §§ 51 sowie 59o BRAO.


DE 121199593

Angaben gemäß § 36 Verbraucherstreitbeilegungsgesetz (VSBG):

Die zuständige Schlichtungsstelle mit der Befugnis, über Streitigkeiten in Verbrauchersache in Form von wirtschaftlichen Interessen zum Gegenstand haben, den Ansprüchen aus Mandatsbeziehungen zu entscheiden, ist die Schlichtungsstelle der Rechtsanwaltschaft, Rauchstraße 26, 10787 Berlin. Mitglieder der Rechtsanwaltschaft sind nicht zur Beteiligung an Streitbeilegungsverfahren vor einer Verbraucherschlichtungsstelle verpflichtet.

Shearman & Sterling LLP nimmt nicht an Streitbeilegungsverfahren vor einer Verbraucherschlichtungsstelle teil, einschließlich der Schlichtungsstelle der Rechtsanwaltschaft.


Shearman & Sterling LLP ist eine in den Vereinigten Staaten von Amerika nach dem Recht des Staates Delaware gegründete Limited Liability Partnership. Nach dem Recht des Staates Delaware ist die persönliche Haftung der einzelnen Partner beschränkt.

In Deutschland erbringt Shearman & Sterling LLP über ihre deutsche Zweigniederlassung gemäß § 207a Abs. 1 BRAO Rechtsdienstleistungen. Seit Beantragung der Zulassung nach § 207a Abs. 1 Nr. 5 BRAO bei der Rechtsanwaltskammer München am 28. Oktober 2022 ist die deutsche Zweigniederlassung auf Grundlage von § 209a Abs. 2 BRAO tätig.

Italy Regulatory Notice 

Information pursuant to Italian Legislative Decree No. 70 of 
9 April 2003.

Shearman & Sterling LLP Firm practices in Italy in association with Studio Legale Associato Shearman & Sterling LLP. Partners in the Rome and Milan offices are partners in Studio Legale Associato Shearman & Sterling LLP.

The firm’s offices in Italy are at:

Via Borgognona 47 
00187 Roma, Italy 
T: +39 06 697 679 1 
F: +39 06 697 679 300 

Corso Venezia 16
20121 Milano, Italy
T: +39 02 0064 1500
F: +39 02 0064 1555 

Riyadh Regulatory Notice 

Shearman & Sterling LLP practices in Saudi Arabia in association with The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP. Partners in the Riyadh offices are partners in The Law Firm of Dr. Sultan Almasoud.

The firm’s offices in Riyadh are at:

The Law Firm of Dr. Sultan Almasoud
Office Unit 10, Floor 3,
Bldg. WH01-04, Al Raidah, Digital City, Al-Nakheel
P.O. Box 90217, Riyadh 11613

United Kingdom Regulatory Notice 

Information pursuant to Electronic Commerce (EC Directive) Regulations 2002.

In the UK, the business of the firm is undertaken through Shearman & Sterling (London) LLP, a partnership qualified as an LLP under the laws of the State of Delaware. Shearman & Sterling (London) LLP is a multi-national partnership authorised and regulated by the Solicitors Regulation Authority (the SRA) (Firm SRA number 211340). A list of partners of Shearman & Sterling (London) LLP is available for inspection at its London office at:

9 Appold Street
London EC2A 2AP
Tel: + 44 (0) 20 7655 5000
Fax: + 44 (0) 20 7655 5500
VAT No: GB 244 2549 66

The lawyers practising in Shearman & Sterling (London) LLP who are qualified to practice in England and Wales are Solicitors of the Supreme Court of England and Wales and members of the Law Society of England and Wales. Shearman & Sterling (London) LLP also includes lawyers from other jurisdictions who are registered with the SRA as European or foreign lawyers and who are also subject to regulation in their place of admission. Further information on our lawyers and their qualifications can be found at People. Information on the regulations of the SRA can be found in the SRA Code of Conduct on its site at

We are not regulated by the Financial Conduct Authority but we are able, in certain circumstances, to offer a limited range of services which would fall to be regulated under the Financial Services and Markets Act 2000 (as amended), but for certain exclusions applicable to professional services firms.

We hold professional indemnity insurance arranged through AON Risk Solutions, The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN, which covers the professional services provided by Shearman & Sterling (London) LLP worldwide.

Client Complaints Procedure

We intend to provide clients with a professional and high-quality service. Any client who is not happy with the service they have received from us is entitled to complain. We will investigate all complaints promptly and fairly and will try to resolve any concerns you raise using our complaints handling procedures.

If you have any concerns about our work or the service we have provided to you, you should contact your relationship partner or the partner responsible for your matter in the first instance. If you do not consider that approach to be appropriate, or you are dissatisfied with the response you have received, you may contact the firm’s Director of Risk, Nicola Liddle-Peters, who is based in our London office. You can do this by writing to her at our London office address, or by emailing to

If you feel that we have not satisfactorily resolved your concerns and you remain dissatisfied with any element of our work or service, you may be entitled to request the Legal Ombudsman (“LeO”) to independently consider your complaint.

The LeO’s services are available to all members of the public, and certain small businesses, charities, clubs, societies, associations and trusts. Before accepting a complaint for investigation, the LeO will check that you have tried to resolve your complaint with us first. If you have, then complaints to the LeO must ordinarily be made within six months of the date of receiving a final response from us; and either (i) no later than one year from the date of the act/omission that has given rise to your complaint; or (ii) no later than one year from when you should reasonably have known there was cause for complaint. Raising a complaint with the LeO will not affect how we handle your case.

Further information on the eligibility criteria and the procedures involved can be found at You may contact the LeO at:
Postal address: PO Box 6806, Wolverhampton, WV1 9WJ
Telephone: 0300 555 0333

You may also raise any concerns about our professional conduct with the Solicitors Regulation Authority. If you wish to make a complaint about your bill, you may apply to the court for an assessment of the bill under Part III of the Solicitors’ Act 1974. If all or part of a bill remains unpaid, we may be entitled to charge interest.

Other Complaints

If you are not a client, but you have a complaint in relation to our work or the services we provide, please raise your concern with the firm’s Director of Risk, Nicola Liddle-Peters. You can do this by writing to her at our London office address, or by emailing to

This internet site is provided by Shearman & Sterling LLP.

United States Transparency in Coverage Rule 

The federal Transparency in Coverage Rule requires non-grandfathered group health plans to disclose on a public website information regarding: (1) the in-network provider rates for covered items and services, and (2) the historical out-of-network allowed amounts and billed charges for covered items and services, in two separate machine-readable files (MRFs). The files must, in part, also include plan option/coverage identifier information, billing codes to identify items and services for claims processing, and all applicable rates. They are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.

The MRFs for the non-grandfathered Cigna group health plans covered under the Shearman & Sterling LLP Welfare Benefits Plan can be found at: