Shearman And Sterling

Event

GCR Live Cartels 2023

June 07, 2023

Partner Djordje Petkoski will speak at the GCR Live Cartels 2023 conference organized by Global Competition Review in Washington, D.C. on June 7, 2023. Djordje will join a panel titled “Antitrust Compliance in a Shifting Economy” which will focus on the ways in which an effective antitrust compliance program can proactively and cost-effectively mitigate antitrust issues.

News

Bank of Montreal’s $1.75 Billion Medium-Term Notes Offering

June 05, 2023

Shearman & Sterling represented BMO Capital Markets, Citigroup, Goldman Sachs & Co. LLC, Morgan Stanley, Lloyds Securities, and Wells Fargo Securities as lead underwriters in connection with Bank of Montreal’s registered public offering of $1.75 billion of medium-term notes comprised of $1.35 billion aggregate principal amount of its 5.300% Senior Notes due 2026 and $400 million aggregate principal amount of its Floating Rate Notes due 2026, under its U.S. medium-term note program.

News

CVS Health’s $5 Billion Bond Offering

June 02, 2023

Shearman & Sterling advised CVS Health Corporation on its $5 billion bond offering. Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers on the offering.

Perspective

Bjorn Bjerke Contributes Chapter in 2023 International Comparative Legal Guide on Securitization

June 02, 2023

Shearman & Sterling Finance Partner Bjorn Bjerke discusses the benefits and features of securitization and other structured financing arrangements in the second chapter of the 2023 International Comparative Legal Guide on Securitization, the ICLG’s 16th edition of the highly-regarded manual.

Perspective

English High Court Rejects Climate Case Against Energy Company Board

June 01, 2023

In our insight “Personal Liability of Directors for Climate Strategy: Landmark Case against Energy Company Board,” we analyzed the claim filed in the English High Court by non-profit organization ClientEarth against the directors of Shell. The claim was one of the first known attempts to bring a derivative action—an action brought by a shareholder of a company in the shareholder’s own name, but on behalf of the company—seeking to hold directors personally liable for alleged harm to the company arising from purported mismanagement of climate risk.

News

Shearman & Sterling Earns Expanded Attorney Rankings in 2023 Chambers USA

June 01, 2023

Shearman & Sterling continues to be recognized by Chambers USA for its outstanding achievements in the legal industry. The firm has received 101 rankings across 36 practices this year, highlighting its commitment to excellence.

Perspective

Kris Ferranti and Derek Kershaw Discuss Section 467 Leases in ABA’s Spring eReport

June 01, 2023

Real Estate partner Kris Ferranti and Tax partner Derek Kershaw examine the advantages and potential risks for commercial leases that fall under Section 467 of the Internal Revenue Code in an article published in the Real Property section of the American Bar Association’s Spring 2023 eReport.

News

ADNOC LOGISTICS & SERVICES $769 MILLION IPO AND ADX LISTING

June 01, 2023

Shearman & Sterling advised ADNOC Logistics & Services plc (ADNOC L&S) and Abu Dhabi National Oil Company (ADNOC) P.J.S.C. as selling shareholder in connection with ADNOC L&S’ initial public offering and listing on the Abu Dhabi Securities Exchange (ADX).

News

NEOM’s $8.4 billion world-scale green hydrogen and green ammonia production facility

May 31, 2023

Shearman & Sterling advised NEOM Company on all aspects (including shareholder and corporate matters, project financing, project development, land arrangements, construction, operation and maintenance and other ancillary aspects) of the NGHC Project, a $8.4 billion world-scale green hydrogen and green ammonia production facility.

News

Shearman & Sterling Wins Latin Lawyer’s Capital Markets Deal of the Year for $6.9 Billion Eletrobras Privatization

May 30, 2023

Shearman & Sterling was awarded Latin Lawyer’s Capital Markets Deal of the Year for its work advising BNDES Participações S.A. – BNDESPar, a subsidiary of Brazilian state-owned development bank BNDES, as selling shareholder in the US$6.9 billion offering of shares issued by Centrais Elétricas Brasileiras S.A. (Eletrobras), the largest electric power generation and transmission company in Latin America.