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Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major…
Shearman & Sterling LLP | Russia, Ukraine, USA | 23 May 2023
U.S. Strengthens Sanctions and Export Controls on Russia in Coordination With G7 Partners
On May 19, 2023, the U.S., in coordination with the G7 and other international partners, released a new tranche of sanctions and other restrictive…
Shearman & Sterling LLP | United Kingdom | 22 May 2023
The Panel takes a look at Frustrating Action
On 15 May 2023, the UK Takeover Panel published a public consultation on proposed changes to the Takeover Code's Rule 21.1 (which prevents a target…
Shearman & Sterling LLP | United Kingdom | 18 May 2023
UK Ancillary Activities Test On Track For Simplification From 2025
The Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023 was made on May 17, 2023. The Order, which…
Shearman & Sterling LLP | Global, Vietnam | 18 May 2023
Vietnam’s Power Development Plan VIII - Initial Impressions
Vietnam’s long-awaited Power Development Plan VIII (“PDP8”) was approved by the Prime Minister on 15 May 2023 with immediate effect, a milestone in…
Shearman & Sterling LLP | USA | 18 May 2023
Tax Court Agrees Profits Interest Safe Harbor Should Apply to Tiered Partnership Structure
On May 3, 2023, the Tax Court released a Memorandum Opinion in ES NPA Holding LLC v. Commissioner holding that the taxpayer’s indirect receipt of a…
Shearman & Sterling LLP | United Arab Emirates | 17 May 2023
Claim Notices and Liquidated Damages - The DIFC Court of Appeal Provides Useful Guidance
Two of the most common arguments that arise on construction projects in the Middle East are (i) whether a failure to notify a claim within the…
Shearman & Sterling LLP | USA | 16 May 2023
New Stock Buyback Disclosure Requirements
On May 3, 2023, the SEC adopted new disclosure requirements for stock buybacks, including disclosure of daily share repurchase activity on a…
