On the cusp of our forthcoming merger to become A&O Shearman, the firm takes great pride in congratulating the Shearman & Sterling Food Service Team for achieving certification as a Center for Excellence by FLIK Hospitality Group, one of the country’s foremost corporate dining and hospitality providers. The certification reflects the outstanding work of the firm’s food service and hospitality crew, whose talents and dedication made it possible to earn recognition as a “Best in Class” business.

Partner Lyle Roberts (Washington, D.C.-Litigation), counsel George Anhang (Washington, D.C.-Litigation), and associate Billy Marsh (Dallas-Litigation), filed an amicus brief on behalf of the Washington Legal Foundation (WLF) urging the Supreme Court to grant review of the Ninth Circuit’s recent opinion in Facebook, Inc. v. Amalgamated Bank and decide whether a public company’s risk disclosures under Item 105 of Regulation S-K can form the basis of a viable securities fraud class action under Rule 10b-5 if they do not disclose instances in which a risk has materialized in the past.

Shearman & Sterling advised BNP Paribas, J.P. Morgan, National Bank of Canada Financial Markets and TD Securities, as joint book-running managers, and BMO Capital Markets, Deutsche Bank, Morgan Stanley and Scotiabank, as co-managers, in connection with a Rule 144A/Regulation S offering by Ontario Teachers’ Finance Trust (“OTFT”) of US$1.5 billion aggregate principal amount of 4.625% Senior Notes due 2029. 

Shearman & Sterling Private Equity partner Alain Dermarkar has been recognized by Texas Lawbook as a top dealmaker in the state of Texas for 2023. Over the course of the year, Alain advised clients in 13 transactions valued at $3.27 billion.

Allen & Overy (A&O) and Shearman & Sterling (Shearman) today announce the first partner promotions for the combined firm, A&O Shearman. A total of 41 partners have been elected to the partnership by their current respective firms.

Shearman & Sterling has been shortlisted by the International Financial Law Review as a “Pro Bono Work International Firm of the Year” as part of its 2024 Women in Business Law Awards.

谢尔曼·思特灵律师事务所亚洲区主管合伙人兼大中华区主管合伙人陈新 (Lorna Chen)律师获香港政府委任为处置补偿审裁处审裁团成员，任期两年，自2024年4月1日起算。

处置补偿审裁处是根据香港《金融机构（处置机制）条例》（香港法例第628章）设立的法定审裁处，就有关人士因处置机制当局及独立估值师所作的决定感到不满而提出的上诉，进行聆讯。《条例》针对无法继续经营而威胁香港金融体系稳定的金融机构建立了一个跨界别的处置机制。金融管理专员、保险业监管局及证券及期货事务监察委员会是处置机制当局，并获赋予一系列的权力，以进行有秩序处置，维持香港金融体系的稳定。独立估值师的作用是就某受影响实体作出估值，并评定该实体任何处置前债权人或处置前股东是否有资格获得补偿付款。

除获得此项委任外，陈律师也是现任香港证券及期货事务上诉审裁处的审裁团委员，并已两届连任此职务。第一届任期自2021年4月1日开始，两年届满后获得连任。

Shearman & Sterling is advising Genmab A/S, an international biotechnology company based in Copenhagen, Denmark, on its proposed acquisition of ProfoundBio, a privately-owned Seattle-based clinical-stage biotechnology company developing next-generation ADCs and ADC technologies for the treatment of certain cancers, for $1.8 billion, payable in cash at closing.

Shearman & Sterling, together with Stikeman Elliott LLP, is advising BUSA Acquisition Co., a Nevada incorporated entity, in connection with the acquisition of BankCard USA Merchant Services Inc. from Quisitive Technology Solutions, a Canadian public company and a Microsoft Cloud and AI solutions provider.

Supporting at-risk girls evacuating from Kabul, Afghanistan
Shearman & Sterling, acting in collaboration with Anglo American, advised 30 Birds Foundation on the registration of 30 Birds Foundation UK as a charitable incorporated organization in England and Wales.