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News Nov 05, 2015

Shearman & Sterling Ranked No. 1 for PRC Ministry of Commerce Panel for Investment Treaty Arbitration

Shearman & Sterling has been appointed to the PRC Ministry of Commerce (MOFCOM) panel of International Investment Foreign Law Firms to represent the Chinese Government in investment treaty arbitration. The appointment was made through competitive tender by evaluating the firm’s credentials in representing States and investors in investment treaty arbitration, advising on the negotiation of international investment treaties, and advising on cross-border investments generally.

The firm’s bid was awarded the highest number of points in the overall assessment and consequently ranked first.

“I am very pleased with this result,” said Hong Kong-based international arbitration partner Nils Eliasson, who directed the firm’s panel submission. “This appointment, following an arduous tender process, is a reflection of the firm’s unique strength and established leadership in the area of investment treaty arbitration. It also reflects our firm’s strong position in the PRC and the scope and quality of its global platform.” 

“We are most honored to be a member of this highly prestigious panel,” comments Emmanuel Gaillard, head of the firm’s International Arbitration Group. “We stand by and look forward to advising and representing the People’s Republic of China, one of the world’s largest economies, in all matters related to investment law and investment treaty arbitration. We are uniquely positioned to do so, including with Nils Eliasson in our ranks, an outstanding lawyer who brings unique knowledge, skills and experience in relation to international arbitration involving Chinese companies and entities.” 

Shearman & Sterling's International Arbitration lawyers have represented companies, States and State entities in hundreds of international arbitrations, primarily in investment, energy, construction, mergers and acquisitions and joint ventures, intellectual property, and general commercial disputes. The firm’s lawyers have a unique record in successfully handling high-stake and sensitive disputes around the world, including securing the two largest awards ever rendered in the history of international arbitration.

View the full article, The MOFCOM announcement.