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Sullivan & Cromwell LLP

125 BROAD STREET, NEW YORK 10004, USA
Tel:
Work +1 212 558 4000
Fax:
Fax +1 212 558 3588
Email:
Web:
www.sullcrom.com

Profiles


United States

Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients worldwide. S&C’s record of success and unparalleled client service has set it apart for more than 130 years and made the firm a model for the modern practice of law. Today, it is a leader in each of its core practice areas and geographic markets. S&C advises a diverse range of clients on corporate transactions, litigation, and estate planning matters. It comprises approximately 875 lawyers who conduct a seamless, global practice through a network of 13 offices located in Asia, Australia, Europe and the US.

Main areas of practice

Antitrust: S&C has one of the most diverse practices of any global firm in antitrust and competition law cases. The firm provides clients with a coordinated approach for securing clearances in the US, the EU and elsewhere for major mergers, cartel investigations and litigation.

Capital markets: S&C has built a solid reputation by working on some of the biggest and most notable capital markets transactions of the last decade. Leading US and global rankings in both volume and value of offerings, S&C structures innovative and effective transactions for issuers, underwriters, and selling shareholders around the world.

Corporate governance: no law firm has a more thorough understanding of evolving corporate governance requirements and practices, as Dodd-Frank and other legislation has led to greater emphasis on board independence and corporate governance controls. S&C’s advice is tailored for the specific company taking into account its unique circumstances based on a deep knowledge of current market practices.

Executive compensation/ERISA: S&C’s practice advises on a full range of corporate, securities, tax and employment law matters. Lawyers represent many of the largest global companies on employment arrangements, corporate governance, succession matters and incentive compensation plan design, as well as senior executives in negotiations, and play a key role in the firm’s financial services, securities and M&A practices.

Financial services: S&C remains the leading global law firm on transactional, regulatory, enforcement and other matters affecting financial institutions. The firm’s expertise extends to clients in the banking, broker-dealer, commodities, futures and derivatives, insurance and investment management sectors. In an increasingly complex regulatory environment, S&C is at the forefront in educating clients on legislative and regulatory developments and working with them on achieving strategic business objectives.

Healthcare and life sciences: S&C has played a leading role in consolidating the healthcare industry, advising on seven of the ten largest healthcare M&A deals to date. S&C represents global companies in healthcare and life sciences, including those involved in research, pharmaceuticals, medtech, insurance and managed care. It also represents smaller biotechnology companies in strategic acquisitions and capital-raising efforts, and advises clients on legislation/regulatory developments.

Intellectual property and technology: S&C assists clients with the many IP and technology issues confronting global businesses. S&C has experience providing advice on transactions, patent licenses, and joint licensing programs and helping clients prevail in contested matters before courts, arbitrators and regulatory agencies. It also advises clients on the development, acquisition and maintenance of IP portfolios.

Investment management: S&C combines a traditional investment management and an alternative investment management practice to provide expertise in transactional, structuring, trading, advisory and regulatory matters. It is at the forefront of assisting clients in new challenges and opportunities resulting from Dodd-Frank and the changing landscape of the industry.

Litigation: S&C takes a global, multidisciplinary approach to every matter and is regularly chosen as lead counsel in many of the highest profile and complex matters before courts, arbitration panels and regulators. Litigators offer unparalleled expertise across a broad range of practice areas, including antitrust, appellate, criminal defense and investigations, financial services and banking, IP, labor and employment, and securities.

Mergers and acquisitions: S&C mobilizes teams of lawyers worldwide for clients on their largest and most important domestic and cross-border M&A transactions. A perennial leader in M&A, S&C has acted in over $4.5 trillion in announced transactions worldwide over the past ten years.

Private equity: S&C’s private equity practice is distinguished by its depth, hallmark multidisciplinary approach and broad geographic reach. It draws upon the integrated resources of S&C’s offices, taking advantage of preeminent global capabilities to advise private equity firms, family offices, sovereign wealth funds and other investors of private capital on their most significant transactions, investments and exits, across a range of industries.

Project development and finance; infrastructure: S&C is a leader in project and infrastructure development and finance. It has advised on many of the most transformative and complex projects and financings in both developed and emerging markets involving oil and gas, mining, other natural resources, and infrastructure. S&C also advises clients in joint venture arrangements, M&A, restructurings and public-private partnerships in these critically important sectors.

Real estate: S&C occupies a leadership position in global commercial real estate transactions. It uses a multidisciplinary approach to offer clients expertise in public/private joint ventures, acquisitions/dispositions, financings and capital markets issuances, bankruptcy and creditors’ rights, the structuring/formation of private equity funds and real estate investment vehicles, complex restructurings of family-owned businesses, and stadium development financing and other sports-related matters.

Restructuring and bankruptcy: S&C assists a wide variety of clients on corporate rescues, financial reorganizations, Chapter 11 restructurings and dispositions, and dispute resolution proceedings, with a particular focus on high-value mega-deals. For every restructuring engagement, S&C forms an ad hoc team drawn from leading practitioners in the relevant disciplines, including M&A, litigation, tax, regulatory, executive compensation, capital markets and leveraged finance.

Tax: S&C’s tax group has a global reputation for innovative tax planning, the successful resolution of tax controversies, as well as providing pivotal tax advice on corporate transactions. S&C plays a significant role in structuring new, tax-advantaged financial instruments and complex M&A transactions and represents prominent industrial and commercial enterprises in US, French, UK and crossborder tax matters.

  • Senior Chairman
  • H Rodgin Cohen
  • Chairman
  • Joseph C Shenker
  • Other Offices:
  • Beijing
  • Brussels
  • Frankfurt
  • Hong Kong
  • London
  • Melbourne
  • Paris
  • Tokyo
  • Sydney
  • Number of lawyers worldwide:: approximately 875

Latin America

Founded in 1879, Sullivan & Cromwell (S&C) currently conducts a global practice with approximately 875 lawyers in 13 offices on four continents. The firm's Latin American practice reflects its integrated team approach and multidisciplinary nature.

Areas of practice

Mergers and acquisitions: S&C has been involved in industry-transforming mergers, acquisitions, dispositions and joint ventures, and ranks as the number one international law firm for announced Latin America M&A by value in 2017, as well as over the last five and ten years. The firm advised on the largest deal of 2017, representing State Grid International Development in its acquisition of an approximately 94.8% stake in CPFL Energia. S&C also advised CIC Capital Corporation, as a member of a Brookfield-led consortium, in its $5.2bn acquisition of a 90% ownership interest in Nova Transportadora do Sudeste; MAAJI in its combination with SEAFOLLY, creating the world's largest independent swimwear and beach lifestyle business; Grupo Argos in the COP 407bn sale of its 50% stake in the port operator Compa??a de Puertos Asociados to an infrastructure investment fund managed by Goldman Sachs; Minsur in its sale of a 40% stake in Cumbres Andinas, which owns Marcobre and the Mina Justa copper project; AT&T in its $2.5bn acquisition of Iusacell and $1.875bn acquisition of Nextel Mexico; Anheuser-Busch InBev in its $20.1bn acquisition of the remaining stake it did not already own in Grupo Modelo; Canada Pension Plan Investment Board in various infrastructure and energy acquisitions; BBVA, ING, Ally Financial, RBS and IDBNY on their Latin American divestments; Bankia in its approximately $947m sale of its subsidiary, City National Bank of Florida, to BCI, the first ever purchase of a US bank by a Chilean bank; and UnitedHealth Group in its $4.9bn acquisition of a 90% stake in Amil Participa??es, the largest ever Brazilian acquisition by a US company, and in connection with its subsidiary's definitive agreement for Empresas Banm?dica's outstanding shares, valuing Banm?dica's equity at approximately $2.8bn.

Capital markets and corporate finance: S&C has been a pioneer in developing legal techniques to increase the feasibility and efficiency of US market transactions for sovereign borrowers in the region, including liability management transactions and developing and implementing new collective action clauses for the sovereign market. S&C represented Banco Central de la Rep?blica Argentina (BCRA) in repurchase transactions involving three series of BONAR sovereign bonds with a group of seven international banks, increasing BCRA's USD cash reserves by $5bn. In addition, the firm frequently represents Corporaci?n Andina de Fomento and International Bank for Reconstruction and Development. S&C has represented the Republic of Paraguay on its international capital markets offerings and acts as designated underwriters' counsel for sovereign financings and liability management transactions by the governments of Brazil, Colombia, Mexico and Panama, making S&C the leading US firm involved in sovereign financings in the region. The firm represented Morgan Stanley and other initial purchasers in a senior secured notes offering and Cr?dit Agricole and other lenders in a senior secured credit facility, each in connection with KKR's first-of-its-kind sale-leaseback transaction in Mexico of certain Pemex assets; AT&T's subsidiaries in their inaugural Mexican Peso $690m term loan facility, and subsequent $500m amendment and restatement; Repsol in its disposition of Argentine Government bonds; Ecopetrol in its $1.925bn loan agreement; LATAM, Bancolombia, Popular, Colb?n, Ecopetrol and CMPC in offerings, including Chile's first green bond; and Banistmo in its maiden offering.

Project finance: S&C has been the number one legal adviser to sponsors/borrowers in project financings in the region since its work on the groundbreaking Escondida project in Chile in the late 1980s. For over 30 years, the firm has worked on important financings on landmark oil and gas and mining and infrastructure projects in the region for international clients including Antofagasta, Anglo American, BHP Billiton, HudBay Minerals, GasAndes, Goldman Sachs Infrastructure Partners, Kinross Gold Corporation, Mitsui, Rio Tinto, Sumitomo, Statoil and Total, among others. Recent public projects include: the Antucoya copper project in Chile; the Minas-Rio mining project in Brazil; the Sierra Gorda, Esperanza (the largest mining project financing ever to sign in Latin America) and El Tesoro projects in Chile; the OCP pipeline in Ecuador; and the Constancia project in Peru. In addition, S&C advised Fiduciaria Bancolombia as trustee of three issuer trusts in separate project bond issuances to finance the construction and improvement of toll roads in Colombia as part of the country's 4G project.

Dispute resolution: S&C's arbitration and dispute resolution practice covers a wide spectrum of matters in Latin America, including cases relating to antitrust and EC competition, contract and commercial matters, criminal defence and regulatory investigations, internal investigations, international securities and corporate law and international commercial arbitration. S&C is regularly retained by clients to provide strategic advice in resolving matters that often arise in Latin America's dynamic political and economic landscape, including Anheuser-Busch InBev, Banco Central de la Rep?blica Argentina (BCRA), Bancolombia, The Bank of Nova Scotia, Maverick Tube Corporation, Repsol, Standard Chartered Bank, Statoil, Tenaris and Volaris.


Above material supplied by Sullivan & Cromwell LLP.

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