Shearman And Sterling

News Feb 17, 2014

Shearman & Sterling Expands Global Project Development and Finance Practice and Launches Nuclear Power Practice with Addition of George Borovas

Global law firm Shearman & Sterling continues to expand and strengthen its position as a top-tier global project development and finance practice with the addition of partner George Borovas in Tokyo.

Mr. Borovas is a market-leading advisor to the nuclear industry, with significant experience on nuclear power projects all over the world, and will lead Shearman & Sterling’s global nuclear practice. He comes to Shearman & Sterling from Pillsbury Winthrop Shaw Pittman LLP, where he led international nuclear projects efforts.

With the demand for nuclear power continuing to grow in many parts of the world, Mr. Borovas's depth of experience and knowledge puts Shearman & Sterling in a uniquely strong position in this strategically important energy sector.

“We are delighted to have George join our firm,” said Creighton Condon, the firm’s Senior Partner. “We have a market-leading project development and finance practice already, and George strengthens that group and raises our profile in the all-important nuclear power space.”

Singapore-based global Project Development & Finance leader Bill McCormack added, “We have exceptional capabilities worldwide in the energy sector, but nuclear power projects require unique capabilities possessed by very few lawyers. George truly is a market leader and we envision great synergies between his practice and our global power projects.”

Mr. Borovas is ideally placed to play a leading role in establishing the firm's nuclear practice globally, having advised on nuclear power plant development and financings, nuclear transactions, litigation and regulatory matters in the US, Japan, Europe, the Middle East, South Korea, Southeast Asia, China, Russia and South Africa. His clients have included governments, commercial banks, export credit agencies, electric utilities, nuclear power plant vendors and equipment suppliers, investment banks, universities, trading houses and others involved in the energy industry.

Mr. Borovas is also a chemical engineer and before becoming a lawyer worked on the design and operation of nuclear power plants. He has been acknowledged as a leading nuclear lawyer in various publications and is a frequent speaker at energy conferences and commentator in the international press.

“Shearman & Sterling’s global power offering is extensive and its partners possess outstanding market reputations,” Mr. Borovas said. “I really think the sky is the limit for our expanded practice and its services to our clients, and I welcome the opportunity to connect my nuclear industry knowledge with such an impressive global power and infrastructure practice.”

This is the latest of a series of recent partner additions to Shearman & Sterling’s global project development and finance team: Marwan Elaraby returned to the firm as a partner in Abu Dhabi; and Bob Nelson are lateral partners who joined the San Francisco and Singapore offices, respectively.