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.

Partner Gillian Emmett Moldowan (New York-Compensation, Governance & ERISA) spoke with FT Agenda about executive stock ownership and compliance with company stock ownership and retention policies. The article speaks specifically about new McDonald’s CEO Chris Kempczinski and how promotions are often considered under company stock ownership and retention policies.

Tim Sheddick, partner at Shearman & Sterling, highlights the following key themes he believes will dominate the infrastructure sector in 2020.

In this newsletter, we provide a snapshot of the principal European, U.S., U.K. and selected international governance and securities law developments of interest to European corporates.

Partner Sarah McLean authored a white paper titled “Private Equity Oil & Gas Transactions: Insights for Buyers and Sellers” in which she provides an overview of concepts and provisions likely to come up in negotiations of purchase and sales agreements in oil and gas transactions involving private equity buyers or sellers.

Partners Katie Hicks (London - Project Development & Finance) and Robert Freedman (New York - Project Development & Finance) will speak at the Private Placements Industry Forum taking place between January 21-24 in Miami, Florida.