Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

Perspective

The General Court Upholds the Commission’s Decision to Make Paramount’s Commitments in the Pay-TV Case Binding

Dec 12, 2018

The long-awaited judgment of the General Court (GC) in the pay-TV saga (case AT.40023 Cross-border access to pay-TV) has finally been delivered, two years after the annulment action was brought.

Perspective

Unilateral Revocation of Article 50 Notification is Possible

Dec 11, 2018

On 10 December 2018, the Court of Justice of the European Union (“CJEU”) issued a judgment, ruling that a Member State can unilaterally revoke its notice to leave the European Union under Article 50 of the Treaty on European Union. The court ruled that both a unilateral and consensual revocation are permitted.

Perspective

Diversity Officers Move Into the Big Law C-Suite

Dec 11, 2018

Sandra Bang, our firm’s Chief Diversity & Talent Strategy Officer, was interviewed in Law.com’s Legal Speak podcast.

Event

Approaches to Financing a Multinational Repository

Dec 11, 2018

Partner and Head of Nuclear George Borovas (Tokyo-Project Development & Finance) spoke at Reliable Nuclear Fuel Services Working Group on “Approaches to Financing a Multinational Repository” in Paris on December 11, 2018.

News

$1.7 Billion Financing for Jawa 1 LNG-to-Power Project in Indonesia

Dec 11, 2018

Shearman & Sterling advised a consortium led by Pertamina Power Indonesia, Marubeni Corporation and Sojitz Corporation in connection with the development and financing of the US$1.7 billion integrated LNG-to-power project located in West Java Province, Indonesia. The project achieved financial close on December 5, 2018.

News

$100 Million Financing for Lucky Bucks, LLC

Dec 10, 2018

Shearman & Sterling advised Lucky Bucks, LLC, as borrower, on an amendment that upsized its existing $75 million delayed draw secured term loan facility, agented by Goldman Sachs Specialty Lending Group, L.P., to an aggregate of $100 million in commitments and funded term loans.

News

Acquisition Financing of 440 Ninth Avenue

Dec 10, 2018

We advised MetLife Real Estate Investors in connection with a $137 million acquisition financing of 440 Ninth Avenue in New York City for Taconic Investment Partners and TH Real Estate.  440 Ninth Avenue is an 18-story, 411,000-square-foot building on New York City’s Far West Side. Taconic and TH purchased the property from Unizo Holdings for $269 million.

News

$5 Billion Revolving Credit Facility for Abbott Laboratories

Dec 10, 2018

Shearman & Sterling advised JPMorgan Chase Bank, N.A. as administrative agent on a $5 billion unsecured revolving credit facility for Abbott Laboratories.

News

Financing of the Acquisition of Ledlenser

Dec 10, 2018

Shearman & Sterling advised Bayerische Landesbank and DZ Bank as lenders on the financing of the acquisition of Ledlenser GmbH & Co KG (Ledlenser), a leading manufacturer of LED flashlights and headlamps. The indirect purchaser is AFINUM Achte Beteiligungsgesellschaft mbH & Co. KG  was advised by AFINUM Management GmbH, along with INVISION and the Management Team.  The seller is the Leatherman Tool Group.

News

Anna Guillard Sazhko Appointed to the Board of the Ukrainian Arbitration Association

Dec 10, 2018

Associate Anna Guillard Sazhko (Paris-International Arbitration) was appointed to the board of the Ukrainian Arbitration Association for a period of three years, following a vote casted on November 19, 2018. Located in Kyiv, the board consists of nine arbitration practitioners from various law firms around the world, several of which, including Shearman & Sterling, conduct high-profile work for Ukraine.