On October 27, 2020 the U.K. Takeover Panel (the “Panel”) published a consultation (the “Consultation”) on a series of significant changes to the treatment of conditions (and pre-conditions) to offers and the timetable which offers must follow under the U.K. Takeover Code (the “Code”). The consultation calls for comments by January 15, 2021, following which the Panel expects to issue a response statement (in Spring 2021) setting out the final form of the changes it decides to make to the Code.

Partner Jennifer Younan (Paris-International Arbitration) spoke at the Italian Forum for Arbitration and ADR (ArbIt) conference “The Strategic Pathway in the “New Normal” of International Arbitration: Before, During and After the Dispute” on November 26, 2020.

Partner Elvira Aliende Rodriguez (Brussels-Antitrust) spoke at the IV Congreso DENAE: “La economía de los Datos” on November 26, 2020.

Shearman & Sterling advised BNP Paribas, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank and HSBC France, as joint book-running managers, and Barclays Bank PLC, Goldman Sachs International and J.P. Morgan Securities plc, as co-managers, in connection with Ontario Teachers’ Finance Trust’s (OTFT) Regulation S private placement of €750 million aggregate principal amount of 0.050 percent senior notes due 2030.

Partner Jean-Louis Neves Mandelli (Singapore-Project Development and Finance) spoke on the  “Investment and Financing” panel at the inaugural Asia-Pacific Hydrogen Summit 2020 on November 25, 2020.

Shearman & Sterling won “M&A Deal of the Year” for its work on the Business Integration of Z Holdings and LINE at the ALB Korea Law Awards 2020.

Shearman & Sterling advised Citibank, N.A. as administrative agent in connection with a $3 billion senior unsecured revolving facility for Alexandria Real Estate Equities. 

Shearman & Sterling is proud to be named a Champion of Good 2020 by Singapore’s National Volunteer and Philanthropy Centre (NVPC). The award recognizes our Singapore office’s commitment to create impact driven partnerships that further the United Nations’ Sustainable Development Goals (UNSDG). 

Shearman & Sterling advised BofA Securities, Inc. and Banco General, S.A., as initial purchasers, for a Rule 144A/Reg S offering of $400 million of 4.000 percent senior secured notes due 2048 by ENA Master Trust, a trust settled under Panamanian law by Empresa Nacional de Autopista, S.A.

Shearman & Sterling partner Kris Ferranti (New York-Real Estate) leda discussion with DJ Van Keuren, managing partner and co-founder of Evergreen Property Partners on the U.S. private real estate market post-elections.