Shearman & Sterling LLP
Greater China Region Guide 2024
About
Senior Partner: David Beveridge
Asia Regional Managing Partners: Lorna Xin Chen and Masahisa Ikeda
Number of partners: 200+
Number of lawyers: 850+
Languages: The firm has over 850 lawyers around the world speaking more than 60 languages and practicing US, English, French, German, Italian, Hong Kong, OHADA and Saudi law. Nearly half of its lawyers practice outside the United States.
Firm Overview:
Shearman & Sterling has a long and distinguished history of supporting its clients wherever they do business, from major financial centers to emerging and growth markets. The firm represents many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises – working on ground-breaking, precedent-setting matters. The firm has the global presence and diverse perspectives needed to partner with its clients to provide solutions to their most complex worldwide business needs.
Main Areas of Practice:
Antitrust
Capital Markets
Committee on Foreign Investment in the United States (CFIUS)
Compensation, Governance & ERISA
Derivatives & Structured Products
Emerging Growth
Family Office
Finance
Financial Institutions Advisory & Financial Regulatory
Financial Restructuring & Insolvency
Intellectual Property Litigation
Intellectual Property Transactions
International Arbitration
Investment Funds
Litigation
Mergers & Acquisitions
Privacy & Data Protection
Private Client
Project Development & Finance
Public International Law
Real Estate
Special Situations & Capital Solutions
Tax
Main Areas of Practice:
Capital Markets:
Shearman & Sterling’s attorneys have represented clients in some of the most sophisticated and innovative capital-raising transactions for over 100 years. As capital markets have developed and diversified, the firm has helped clients navigate these important changes and take advantage of opportunities. Over the years, Shearman & Sterling lawyers have had a prominent role in many of the developments that have transformed the capital markets, most notably the growth of the high yield market, the globalization of capital markets and the increase in worldwide privatisations.
Finance:
Shearman & Sterling’s Asia Finance practice is an integral part of the firm’s global Finance practice, providing on-the-ground support to global and regional clients on debt financing transactions. The team has the capability to execute transactions under English, Hong Kong and New York law under one roof, helping companies and lenders successfully navigate all aspects of the bank financing process and obtain the best possible outcomes. Its core areas of focus complements the firm’s strong capital markets, funds and corporate coverage in the region and includes leveraged financing, investment-grade financing, asset-based lending, acquisition financings, complex debt restructurings and structured finance.
International Arbitration:
The firm’s international arbitration team provides advice and advocacy to companies, States and State entities in investment treaty and commercial arbitrations conducted in accordance with all major international arbitration rules. The multilingual, multicultural team is widely regarded as one of the very best on the market.
Investment Funds:
Shearman & Sterling’s full-service Investment Funds team is led by lawyers based in New York, London, Hong Kong, Beijing and Tokyo, with support from the firm’s global network of offices. By combining multidisciplinary knowledge with a globally integrated approach, the firm’s full-service investment funds team provides a comprehensive range of investment funds services to clients on a worldwide basis. The team has extensive experience assisting fund sponsors and investors across the Americas, Asia, Europe and Africa in finding innovative solutions to the challenges they face. They are also skilled at reconciling complex regulatory and tax regimes with the competing requirements of fund sponsors, their investment strategies and their target investors.
Litigation:
Shearman & Sterling’s Litigation group is strongly positioned to counsel and protect clients in today’s challenging environment. With more than 130 attorneys in the United States, Europe and Asia, the litigation team is ready to assist in any crisis, whether the adversary is a government regulator, a competitor, or a well-funded class action attorney. The practice benefits from the firm’s vast geographic footprint and can draw on its global resources to provide seamless cross-jurisdictional service in a dynamically changing regulatory environment.
Mergers & Acquisitions:
The firm is consistently ranked as a global leader in large complex M&A transactions, including leveraged acquisitions, joint ventures, strategic alliances and minority investments. With M&A lawyers on the ground across the Americas, Europe, Asia and the Middle East, the team advises both principals and their financial advisors on the full spectrum of domestic and cross-border public and private mergers and acquisitions deals, whether negotiated or unsolicited. Corporations and financial sponsors trust that Shearman & Sterling attorneys understand their business needs and will offer pragmatic and solutions-oriented advice, negotiate aggressively on their behalf and provide focused execution throughout each deal.
Private Equity:
Shearman & Sterling has a strong and growing record of working with private equity funds, portfolio companies, management teams and investors, often in cross border and international transactions. From fund inception to exit strategies, deal execution and financing to portfolio company management, the firm is actively involved in all aspects of the private equity life cycle. The firm’s global footprint enables its lawyers to partner with clients on their most complex and high-profile cross border private equity transactions.
Project Development & Finance:
Shearman & Sterling has an unrivalled track record advising on a number of complex, innovative and significant project development and project finance transactions. The firm takes a client-centered approach, providing directly relevant advice that is both commercial and industry-focused. These lawyers advise companies, investors, financial institutions, developers, governments, offtakers and technology suppliers on a wide range of sectors, including oil and gas (upstream, pipelines, LNG, refineries and petrochemicals), mining and metals, transportation (rail, roads, airports and bridges), thermal, nuclear and renewable (including wind, solar, geothermal and hydro) power, and power infrastructure (including transmission).
Ranked Offices
Provided by Shearman & Sterling LLP
- New York599 Lexington Avenue, New York, New York, USA, NY 10022-6069
- Web: www.shearman.com
- Tel: +1 212 848 4000
- Fax: +1 212 848 7179
- View ranked office
- BeijingUnit 3209 China Central Place Tower 2, 79 Jianguo Road, Chaoyang District, Beijing, Beijing, China, 100025View ranked officeHong Kong21st Floor, Gloucester Tower, The Landmark, 15 Queen's Road, Central, Hong Kong, Hong Kong, ChinaView ranked officeShanghai2501-2502, Kerry Center, 1515, Nanjing Road West, Shanghai, Shanghai, China, 200040View ranked office
Contributions
Latest contributions provided by Shearman & Sterling LLP
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Shearman & Sterling LLP rankings
Articles, highlights and press releases
76 items provided by Shearman & Sterling LLP
Duddell Street Acquisition Corp.’s Business Combination with FiscalNote Holdings, Inc.
Shearman & Sterling represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC in connection with Duddell Street Acquisition Corp. (Duddell Street)'s business combination with FiscalNote Holdings, Inc. (FiscalNote).
IFC Issues First Housing Bond in Bangladesh
Shearman & Sterling advised IFC on the first housing bond issued in Bangladesh, provided to BRAC Bank Limited.
Refinancing of Bhola IPP in Bangladesh
Shearman & Sterling advised the lenders, comprising Sumitomo Mitsui Banking Corporation, ING Bank NV, DBS Bank Ltd, Bank of China Limited, Mizuho Bank Limited and Société Générale, on the refinancing of the 220 MW Bhola Combined Cycle Gas Turbine project in Bangladesh.
Osaka Gas USA’s Joint Development of Utility-Scale Solar Projects with Oriden in the US
Shearman & Sterling advised Osaka Gas and its U.S. subsidiary Osaka Gas USA Corporation in connection with the agreement with Oriden LLC to jointly develop a portfolio of more than 700 MWdc (600 MWac) of utility-scale solar and storage projects throughout certain U.S. markets.
Prenetics Announces Closing of Business Combination with Artisan Acquisition Corp.
Shearman & Sterling represented the placement agents on the PIPE in connection with Prenetics Global Limited’s previously announced business combination with Artisan Acquisition Corp.
Guangdong – Hong Kong Greater Bay Area Holdings Limited's Exchange Offer and New Money Offering
Shearman & Sterling represented the dealer managers in connection with the exchange offer by Guangdong – Hong Kong Greater Bay Area Holdings Limited of any and all of its outstanding 14% senior notes due 2021 for 13.85% senior notes due 2023.
Prenetics' Business Combination with Artisan Acquisition Corp.
Shearman & Sterling is representing the placement agents on the PIPE in connection with Prenetics Group Limited’s business combination with Artisan Acquisition Corp.
Qxpress’s Acquisition of KorChina Logistics Holdings Limited
Shearman & Sterling advised Qxpress Pte. Ltd. on its acquisition of Korchina Logistics Holdings Limited.
OGUSA's Joint Venture with MHI Group to Acquire Brighter Future Solar Farm
Shearman & Sterling advised Osaka Gas and its U.S. subsidiary OGUSA in connection with OGUSA’s joint venture with MHI Group through its U.S. subsidiary, MHIA, to acquire the 15.7 MWdc Brighter Future Solar Farm project in Caldwell County, North Carolina from the project developer Oriden LLC.
Future Diamond Limited's $200 Million Senior Notes Offering
Shearman & Sterling represented Seazen Group Limited as the guarantor in connection with the offering of $200 million 4.25% guaranteed senior notes due 2022 by Future Diamond Limited,.
eHi Car Services Limited's $300 Million Senior Notes Offering and Concurrent Tender Offer
Shearman & Sterling represented J.P. Morgan, Deutsche Bank, HSBC and UBS as the joint lead managers in connection with eHi Car Services Limited’s offering of $300 million 7% senior notes due 2026.
Radiance Capital Investments Limited’s $300 Million Senior Green Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Radiance Capital Investments Limited’s offering of $300 million 7.8% senior green notes due 2024.
KWG Group Holdings Limited’s $258 Million Tap Offerings
Shearman & Sterling represented J.P. Morgan as the initial purchaser in connection with KWG Group Holdings Limited’s tap offering of $158 million 7.40% senior notes due 2024.
Jiayuan International Group Limited’s Tender Offer
Shearman & Sterling represented HSBC as the sole dealer manager in connection with an offer to purchase for cash by Jiayuan International Group Limited for its outstanding 13.75% senior notes due 2022 and 13.75% senior notes due 2023.
Black Spade Acquisition Co’s $169 Million SPAC US IPO
Shearman & Sterling advised Citigroup Global Markets Ltd. as the global coordinator, sole bookrunner and representative of the underwriters of the initial public offering of Black Spade Acquisition Co of 16,900,000 units at an offering price of $10 per unit on the New York Stock Exchange.
Shinsun Holdings (Group) Co., Ltd.’s $200 Million Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Shinsun Holdings (Group) Co., Ltd.’s offering of $200 million 12% senior notes due 2023.
Masdar Floating Solar Photovoltaic Power Project in Indonesia
Shearman & Sterling advised Abu Dhabi Future Energy Company PJSC (Masdar) and PT PJB Investasi (PJBI), a subsidiary of Indonesian state-owned offtaker PT PLN (Persero), on the $114 million financing of a 145MWac floating solar photovoltaic power project on the Cirata Reservoir in Indonesia.
Anton Oilfield Services Group’s $150 Million Exchange Offer and Concurrent New Money Offering
Shearman & Sterling represented the dealer managers in connection with the exchange offer by Anton Oilfield Services Group of up to the maximum acceptance amount of its outstanding 7.5% senior notes due 2022 for 8.75% senior notes due 2025.
Sunac China Holdings Limited’s $400 Million Bond Offering and $100 Million Tap Offering
Shearman & Sterling represented the initial purchasers in connection with Sunac China Holdings Limited's offering of $400 million 6.8% senior notes due 2024 and tap offering of $100 million 6.5% senior notes due 2026.
New Metro Global Limited’s $300 Million Senior Notes Offering
Shearman & Sterling represented New Metro Global Limited in connection with its offering of $300 million 4.625% guaranteed senior notes due 2025, unconditionally and irrevocably guaranteed by Seazen Holdings Co., Ltd.
Shinsun Holdings (Group) Co., Ltd.’s Debut Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Shinsun Holdings (Group) Co., Ltd.’s debut offering of $200 million 10.5% senior notes due 2022.
Skyfame International Holdings Limited’s $100 million Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Skyfame International Holdings Limited’s offering of $100 million 13% senior notes due 2023, unconditionally and irrevocably guaranteed by Skyfame Realty (Holdings) Limited.
DaFa Properties Group Limited’s $100 million Senior Notes Offering
Shearman & Sterling represented Guotai Junan Securities (Hong Kong) Limited and China Galaxy International Securities (Hong Kong) Co., Ltd. as the initial purchasers in connection with DaFa Properties Group Limited’s offering of $100 million 9.95% senior notes due 2022.
Skyfame International Holdings Limited’s $112 Million Bond Offering
Shearman & Sterling represented the initial purchasers in connection with Skyfame International Holdings Limited’s offering of $112 million 13% senior notes due 2023, unconditionally and irrevocably guaranteed by Skyfame Realty (Holdings) Limited.
Plus’ Business Combination with Hennessy Capital Investment Corp. V
Shearman & Sterling is representing the banks who are acting as joint placements agents in connection with Plus’ business combination with special purpose acquisition company (SPAC) Hennessy Capital Investment Corp. V.
Jiayuan International Group Limited’s $130 Million Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Jiayuan International Group Limited’s offering of $130 million 11% senior notes due 2024.
KWG Group Holdings Limited’s $378 Million Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with KWG Group Holdings Limited’s offering of $378 million 6% senior notes due 2026.
TaiChen Development (BVI) Limited’s $65 Million Tap Offering
Shearman & Sterling represented the initial purchasers in connection with TaiChen Development (BVI) Limited’s tap offering $65 million 12.5% senior notes due 2022, unconditionally and irrevocably guaranteed by Longjitaihe Property Co., Ltd.
Jiayuan International Group Limited’s Tender Offer And $300 Million Bond Offering
Shearman & Sterling represented HSBC as the sole dealer manager in connection with an offer to purchase for cash by Jiayuan International Group Limited for its outstanding 13.75% senior notes due 2022.
Guangzhou Fineland Real Estate Development’s Exchange Offer and Concurrent New Money Offering
Shearman & Sterling represented the dealer managers in connection with the exchange offer by Guangzhou Fineland Real Estate Development Co., Ltd. of any and all of its outstanding 13.5% senior notes due 2021 for 13.6% senior notes due 2023.
Duddell Street Acquisition Corp.’s Business Combination with FiscalNote Holdings, Inc.
Shearman & Sterling represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC in connection with Duddell Street Acquisition Corp. (Duddell Street)'s business combination with FiscalNote Holdings, Inc. (FiscalNote).
IFC Issues First Housing Bond in Bangladesh
Shearman & Sterling advised IFC on the first housing bond issued in Bangladesh, provided to BRAC Bank Limited.
Refinancing of Bhola IPP in Bangladesh
Shearman & Sterling advised the lenders, comprising Sumitomo Mitsui Banking Corporation, ING Bank NV, DBS Bank Ltd, Bank of China Limited, Mizuho Bank Limited and Société Générale, on the refinancing of the 220 MW Bhola Combined Cycle Gas Turbine project in Bangladesh.
Osaka Gas USA’s Joint Development of Utility-Scale Solar Projects with Oriden in the US
Shearman & Sterling advised Osaka Gas and its U.S. subsidiary Osaka Gas USA Corporation in connection with the agreement with Oriden LLC to jointly develop a portfolio of more than 700 MWdc (600 MWac) of utility-scale solar and storage projects throughout certain U.S. markets.
Prenetics Announces Closing of Business Combination with Artisan Acquisition Corp.
Shearman & Sterling represented the placement agents on the PIPE in connection with Prenetics Global Limited’s previously announced business combination with Artisan Acquisition Corp.
Guangdong – Hong Kong Greater Bay Area Holdings Limited's Exchange Offer and New Money Offering
Shearman & Sterling represented the dealer managers in connection with the exchange offer by Guangdong – Hong Kong Greater Bay Area Holdings Limited of any and all of its outstanding 14% senior notes due 2021 for 13.85% senior notes due 2023.
Prenetics' Business Combination with Artisan Acquisition Corp.
Shearman & Sterling is representing the placement agents on the PIPE in connection with Prenetics Group Limited’s business combination with Artisan Acquisition Corp.
Qxpress’s Acquisition of KorChina Logistics Holdings Limited
Shearman & Sterling advised Qxpress Pte. Ltd. on its acquisition of Korchina Logistics Holdings Limited.
OGUSA's Joint Venture with MHI Group to Acquire Brighter Future Solar Farm
Shearman & Sterling advised Osaka Gas and its U.S. subsidiary OGUSA in connection with OGUSA’s joint venture with MHI Group through its U.S. subsidiary, MHIA, to acquire the 15.7 MWdc Brighter Future Solar Farm project in Caldwell County, North Carolina from the project developer Oriden LLC.
Future Diamond Limited's $200 Million Senior Notes Offering
Shearman & Sterling represented Seazen Group Limited as the guarantor in connection with the offering of $200 million 4.25% guaranteed senior notes due 2022 by Future Diamond Limited,.
eHi Car Services Limited's $300 Million Senior Notes Offering and Concurrent Tender Offer
Shearman & Sterling represented J.P. Morgan, Deutsche Bank, HSBC and UBS as the joint lead managers in connection with eHi Car Services Limited’s offering of $300 million 7% senior notes due 2026.
Radiance Capital Investments Limited’s $300 Million Senior Green Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Radiance Capital Investments Limited’s offering of $300 million 7.8% senior green notes due 2024.
KWG Group Holdings Limited’s $258 Million Tap Offerings
Shearman & Sterling represented J.P. Morgan as the initial purchaser in connection with KWG Group Holdings Limited’s tap offering of $158 million 7.40% senior notes due 2024.
Jiayuan International Group Limited’s Tender Offer
Shearman & Sterling represented HSBC as the sole dealer manager in connection with an offer to purchase for cash by Jiayuan International Group Limited for its outstanding 13.75% senior notes due 2022 and 13.75% senior notes due 2023.
Black Spade Acquisition Co’s $169 Million SPAC US IPO
Shearman & Sterling advised Citigroup Global Markets Ltd. as the global coordinator, sole bookrunner and representative of the underwriters of the initial public offering of Black Spade Acquisition Co of 16,900,000 units at an offering price of $10 per unit on the New York Stock Exchange.
Shinsun Holdings (Group) Co., Ltd.’s $200 Million Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Shinsun Holdings (Group) Co., Ltd.’s offering of $200 million 12% senior notes due 2023.
Masdar Floating Solar Photovoltaic Power Project in Indonesia
Shearman & Sterling advised Abu Dhabi Future Energy Company PJSC (Masdar) and PT PJB Investasi (PJBI), a subsidiary of Indonesian state-owned offtaker PT PLN (Persero), on the $114 million financing of a 145MWac floating solar photovoltaic power project on the Cirata Reservoir in Indonesia.
Anton Oilfield Services Group’s $150 Million Exchange Offer and Concurrent New Money Offering
Shearman & Sterling represented the dealer managers in connection with the exchange offer by Anton Oilfield Services Group of up to the maximum acceptance amount of its outstanding 7.5% senior notes due 2022 for 8.75% senior notes due 2025.
Sunac China Holdings Limited’s $400 Million Bond Offering and $100 Million Tap Offering
Shearman & Sterling represented the initial purchasers in connection with Sunac China Holdings Limited's offering of $400 million 6.8% senior notes due 2024 and tap offering of $100 million 6.5% senior notes due 2026.
New Metro Global Limited’s $300 Million Senior Notes Offering
Shearman & Sterling represented New Metro Global Limited in connection with its offering of $300 million 4.625% guaranteed senior notes due 2025, unconditionally and irrevocably guaranteed by Seazen Holdings Co., Ltd.
Shinsun Holdings (Group) Co., Ltd.’s Debut Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Shinsun Holdings (Group) Co., Ltd.’s debut offering of $200 million 10.5% senior notes due 2022.
Skyfame International Holdings Limited’s $100 million Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Skyfame International Holdings Limited’s offering of $100 million 13% senior notes due 2023, unconditionally and irrevocably guaranteed by Skyfame Realty (Holdings) Limited.
DaFa Properties Group Limited’s $100 million Senior Notes Offering
Shearman & Sterling represented Guotai Junan Securities (Hong Kong) Limited and China Galaxy International Securities (Hong Kong) Co., Ltd. as the initial purchasers in connection with DaFa Properties Group Limited’s offering of $100 million 9.95% senior notes due 2022.
Skyfame International Holdings Limited’s $112 Million Bond Offering
Shearman & Sterling represented the initial purchasers in connection with Skyfame International Holdings Limited’s offering of $112 million 13% senior notes due 2023, unconditionally and irrevocably guaranteed by Skyfame Realty (Holdings) Limited.
Plus’ Business Combination with Hennessy Capital Investment Corp. V
Shearman & Sterling is representing the banks who are acting as joint placements agents in connection with Plus’ business combination with special purpose acquisition company (SPAC) Hennessy Capital Investment Corp. V.
Jiayuan International Group Limited’s $130 Million Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with Jiayuan International Group Limited’s offering of $130 million 11% senior notes due 2024.
KWG Group Holdings Limited’s $378 Million Senior Notes Offering
Shearman & Sterling represented the initial purchasers in connection with KWG Group Holdings Limited’s offering of $378 million 6% senior notes due 2026.
TaiChen Development (BVI) Limited’s $65 Million Tap Offering
Shearman & Sterling represented the initial purchasers in connection with TaiChen Development (BVI) Limited’s tap offering $65 million 12.5% senior notes due 2022, unconditionally and irrevocably guaranteed by Longjitaihe Property Co., Ltd.
Jiayuan International Group Limited’s Tender Offer And $300 Million Bond Offering
Shearman & Sterling represented HSBC as the sole dealer manager in connection with an offer to purchase for cash by Jiayuan International Group Limited for its outstanding 13.75% senior notes due 2022.
Guangzhou Fineland Real Estate Development’s Exchange Offer and Concurrent New Money Offering
Shearman & Sterling represented the dealer managers in connection with the exchange offer by Guangzhou Fineland Real Estate Development Co., Ltd. of any and all of its outstanding 13.5% senior notes due 2021 for 13.6% senior notes due 2023.