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.

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.

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.

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.

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.

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.

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.

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).

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.

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.