On June 9, 2023, the Securities and Exchange Commission (SEC) approved the New York Stock Exchange’s (NYSE) and Nasdaq Stock Market’s (Nasdaq) proposed clawback listing standards.

The U.K. Supreme Court has recently clarified the English courts’ power under Section 9 of the Arbitration Act 1996 to stay proceedings which are properly the subject of an arbitration agreement.

Shearman & Sterling Mining & Metals Group partners Augusto Ruiloba, Robert O’Leary and Cynthia Urda Kassis discussed the key opportunities and challenges to meeting the global demand for critical minerals amid the worldwide energy transition.

The U.S. Senate recently passed the National Defense Authorization Act for Fiscal Year 2024, which, if enacted, would subject insiders (i.e., directors, executive officers and greater than 10% shareholders) of foreign private issuers (“FPIs”) to the requirements of Section 16 of the Securities Exchange Act of 1934, as amended, with respect to their ownership and transactions in the securities of the relevant FPI.

On 6 September 2023, the Law Commission of England & Wales published its final report on potential reforms to the English Arbitration Act 1996. The report recommends making changes in six key areas, as well as a handful of other minor amendments, and includes a draft bill to put these changes into effect.

Over a year has now passed since Russia invaded Ukraine, and the U.S., the EU and its member states, the U.K., and many others—including Japan, Australia, New Zealand, Taiwan and Canada—continue to exert pressure on Russia through expanding sanctions regimes.

Project Development & Finance partner Jorge Medina discussed how companies can buy and sell clean energy tax credits as part of the 2022 Inflation Reduction Act in an interview with Grist.

Asia Regional Managing Partner and Head of Greater China Lorna Chen (Hong Kong-Investment Funds) and counsel Jieni Ji (Hong Kong-Litigation) authored the article “How Cos. Can Comply with China’s Cybersecurity Rules”, published by Law360 on August 11, 2023.

Shearman & Sterling mergers & acquisitions partner Lara Aryani discussed her legal career in an interview on the Drinks with The Deal podcast hosted by legal editor David Marcus.

On August 25, 2023, in Deslandes v. McDonald’s, the Seventh Circuit Court of Appeals vacated and remanded a district court’s dismissal of an antitrust case that challenged no-hire and non-solicitation clauses in McDonald’s franchise agreements.