Shearman & Sterling today announced that it signed a new 338,000 square foot lease at its existing New York City headquarters, 599 Lexington Avenue. It is set to begin renovations to build a state-of-the-art office facility this summer, which will be completed by winter 2023. 

Shearman & Sterling represented J.P. Morgan Securities plc, Haitong International Securities Company Limited, CCB International Capital Limited and China CITIC Bank International Limited as the initial purchasers in connection with China ZhengTong Auto Services Holdings Limited’s offering of its $160 million aggregate principal amount of 12 percent senior notes due 2022.

Lorna Chen, Shearman & Sterling’s Asia Regional Managing Partner and Head of Greater China, has once again been honored at the Euromoney Legal Media Group Asia Women in Business Law Awards 2019 with the Individual Award for “Best in Investment Funds.” This is the second consecutive year Lorna has won the individual award – she was recognized as “Best in Banking and Finance” in 2018. 

Shearman & Sterling has once again earned a perfect score of 100 percent for the 11th consecutive year on the Corporate Equality Index (CEI), a U.S. national benchmarking survey and report on corporate policies and practices pertinent to LGBTQ workplace equality, administered by the Human Rights Campaign (HRC) Foundation.

Shearman & Sterling is advising Raytheon on the sale of its Military Airborne Radios business to BAE Systems.

Shearman & Sterling advised Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), DEG - Deutsche Investitions- Und Entwicklungsgesellschaft mbH (DEG) and Société De Promotion Et De Participation Pour La Coopération Economique S.A. (PROPARCO), as lenders, and FMO, as facility agent on a $56.4 million financing deal for the completion and operation of an approximately 31.5 MW wind-powered electric generating facility in Jutiapa, Guatemala.

Partners Lorna Chen (Hong Kong-Investment Funds), Li Chen (Hong Kong/Beijing-Mergers & Acquisitions) and Nils Eliasson (Hong Kong-International Arbitration) have been recognized in “The A-List 2019 China’s Elite 100 Lawyers (Foreign Firms)” by China Business Law Journal. 

Shearman & Sterling’s Compensation, Governance and ERISA practice has been selected as a 2019 “Benefits Practice of the Year” by legal trade publication Law360.  

Shearman & Sterling advised CAPZA as lender on the unitranche financing for the acquisition of MDT technologies (MDT), a leading German manufacturer of building automation products based on the KNX standard, by IK Investment Partners.

Partners Nils Eliasson (Beijing/Hong Kong-International Arbitration) and Sean Wang (Beijing/Hong Kong-Project Development & Finance) and Of Counsel Lee Edwards (Beijing-Mergers & Acquisitions) have been recognized in their respective practice areas in the first edition of “Best Lawyers in China” issued by Best Lawyers, one of the oldest and most respected lawyer ranking services in the world.