Event
February 26, 2021
News
February 25, 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.
Event
February 25, 2021
Perspective
February 25, 2021
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).
Event
February 25 - 26, 2021
Perspective
February 24, 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.
News
February 24, 2021
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.
Event
February 24, 2021
Event
February 24, 2021
Event
February 24, 2021