Adam Hakki (New York-Litigation), the Firm’s Global Managing Partner and Head of the Firm’s Litigation Practice and Disputes Unit, participated in the 9th Annual Securities Litigation & Enforcement Institute event on February 26, 2021.

Shearman & Sterling advised Citigroup as the sole book-running manager on the initial public offering of Arctos NorthStar Acquisition Corp., a special-purpose acquisition company, of 31,625,000 units at an offering price of $10 per unit, each unit consisting of one Class A ordinary share and one-fourth of one redeemable warrant.

Associate Trisha Mitra (Paris-International Arbitration) spoke at the CIArb Young Members Group Webinar “Looking Back at 2020, Looking Forward to 2021” on February 25, 2021 from 3:00 pm to 4:00 pm GMT.

Following requests from industry, New York State incorporated legislative language addressing the expected discontinuance of LIBOR in its recently released draft budget. The draft language amends the General Obligations Law to require New York law-governed contracts without LIBOR fallback provisions to use the replacement rate recommended by the Alternative Reference Rates Committee (ARRC).

Partner Djordje Petkoski (Antitrust - Washington, DC) spoke at the GCR Interactive: Cartels, organized by Global Competition Review on February 25-26, 2021.

Federal and state securities laws generally apply only to instruments that fall under the definition of “security” within the meaning of Federal securities laws (and states’ “blue-sky” laws which generally refer to the definitions in the Federal securities laws). Whether a particular instrument is a “security” therefore generally determines whether that instrument may be, among other things, subject to disclosure requirements in connection with the issuance thereof and whether issuers and underwriters may be subject to liability under securities laws based on inadequate disclosure. Consequently, the classification has important consequences for the way in which an instrument may be issued and traded.

 

Shearman & Sterling has helped the Central American Bank for Economic Integration (CABEI) become a regional leader in environmental, social and governance (ESG) and Green bond offerings.

Partner Dan Feldman provided his legal perspective on a panel discussing whether hydrogen is the missing piece of a fully decarbonised economy during MEED's MENA Future Energy & Decarbonisation Summit.

Shearman & Sterling’s Family Office Group held a webinar discussion entitled “Digital Assets: The New Gold?” on Wednesday, February 24 at 11:00–11:45 am ET.

Partner Alex Bevan (Abu Dhabi-International Arbitration) spoke at the 9th ICC MENA Conference on International Arbitration which took place on February 24, 2021.