Shearman & Sterling LLP > Singapore, Singapore > Firm Profile
Shearman & Sterling LLP Offices
6 BATTERY ROAD #25-03
SINGAPORE 049909
Singapore
Shearman & Sterling LLP > The Legal 500 Rankings
Singapore > Capital markets: equity and debt: foreign firms Tier 2
Shearman & Sterling LLP covers a broad range of capital-raising transactions, including high-yield debt offerings, investment-grade debt offerings, IPOs, follow-on equity offerings, convertible and other equity-linked offerings, liability management and private placements. Counting international financial institutions, corporate issuers and state-owned entities among its key roster of clients, the team advises on deals throughout the Asia Pacific region, with a focus on India, Indonesia, Vietnam and Thailand. Andrew Schleider leads the practice and has considerable experience in offerings of high-yield and investment grade debt securities, convertible bonds and equity.Practice head(s):
Andrew Schleider
Key clients
Mandiri Securities Pte. Ltd.
Morgan Stanley & Co. International plc
BNI Securities Pte. Ltd.
Standard Chartered Bank (Singapore) Limited
Greenko Energy Holdings
Work highlights
- Represented Mandiri Securities Pte. Ltd., as dealer manager, in connection with an exchange offer (US$346.308 million) by Golden Energy and Resources Limited (the “Issuer”) of its outstanding 8.500% Senior Secured Notes due 2026 for its 8.500% Senior Secured Notes due 2027.
- Represented Standard Chartered Bank (Singapore) Limited and Mandiri Securities Pte. Ltd., as dealer managers, in connection with a tender offer of the outstanding 5.875% Senior Notes due 2024 issued by Indika Energy Capital III Pte. Ltd. and the outstanding 8.25% Senior Notes due 2025 issued by Indika Energy Capital IV Pte. Ltd.
- Represented Morgan Stanley Asia (Singapore) Pte. and Standard Chartered Bank (Singapore) Limited, as dealer managers, in connection with a fixed price tender offer of the outstanding 7.375% Senior Notes due 2026 issued by Medco Oak Tree Pte. Ltd. and the outstanding 6.375% Senior Notes due 2027 issued by Medco Bell Pte. Ltd.
Singapore > Energy: foreign firms Tier 2
Shearman & Sterling LLP has operated at the forefront of energy M&A, projects and capital markets transactions for many years. With a background in oil and gas (including LNG), it has built a further presence in energy transition matters, including renewables, carbon capture and storage, and hydrogen projects. Of counsel Bill McCormack is equally experienced in project development and project finance, while Richard Porter is noted for energy M&A and joint ventures, and Emmanuel Jacomy for energy arbitrations. Counsels Angela Heywood Bible and Kok Jin Ong are also key members of the team. Former partner Jean-Louis Neves Mandelli and former counsel Scott Baggett joined Ashurst LLP in May 2023.Practice head(s):
Bill McCormack
Other key lawyers:
Richard Porter; Emmanuel Jacomy; Angela Heywood Bible; Kok Jin Ong
Testimonials
‘Team with wide variety of lawyers with experience. This firm is exceptional in that the quality of each lawyer is tremendous.’
‘From the Shearman team, Kok Jin Ong is an exceptional lawyer. He is capable of delivering things in a fashion the client wants most, bridges the whole law firm including the partner with the client and bridges the project with the counterpart lawyers and principals. The best part of Jin Ong is that he can really put himself in the shoes of the client. The most talented lawyer I have worked with.’
Key clients
Abu Dhabi National Oil Company (ADNOC)
Morgan Stanley Asia (Singapore) Pte.
Mandiri Securities Pte. Ltd.
ACEN Renewables
Standard Chartered Bank
Oil Search Limited
Greenko Dutch B.V. and Greenko Energy Holdings Limited
Deutsche Bank AG, Singapore Branch
Deutsche Bank, PT BNI Sekuritas
Citigroup Global Markets Limited and Credit Suisse (Singapore) Limited
CATL (Contemporary Amperex Technology Co., Limited)
Work highlights
- Advised a subsidiary of Philippines-based firm AC Energy Corp (ACEN) on the purchase by its subsidiary AC Renewables International of a 51.6% stake in its Australian clean energy joint venture with US-based UPC Renewables Group.
- Advised Greenko Energy Holdings and Greenko Wind Projects (Mauritius) in connection with the offering of $750m in aggregate principal amount of 5.50% Senior Notes due 2025 by Greenko Wind Projects (Mauritius).
- Advised CATL in their joint venture with the Indonesia Investment Authority (Indonesia’s sovereign wealth fund) for the establishment of a green energy fund to invest in Indonesia’s EV supply chain.
Singapore > Projects: foreign firms Tier 2
At Shearman & Sterling LLP, the team maintains its strong presence in the energy and infrastructure sectors, and is adept at handling instructions involving nuclear power, mining and oil and gas projects. The group is well versed in representing borrowers and lenders in multi-jurisdictional mandates, often focusing on project financings and structurings. The team has been particularly active in the region’s hydro-electricity space. Bill McCormack, who heads up the practice, is a highly regarded practitioner in the projects space. Counsel Claude Jiang handles transactions and financings. Ben Shorten left the firm in July 2023, followed by the departure of David Clinch in February 2024.Practice head(s):
Bill McCormack
Other key lawyers:
Testimonials
‘This firm is exceptional in that the quality of each lawyer is tremendous.’
‘Kok Jin Ong is an exceptional lawyer. He is capable of delivering things in a fashion the client wants most, and highlights key messages in a fashion that the client can easily understand. Very efficient way of working. Most talented lawyer I have worked with.’
Key clients
International Finance Corporation (IFC)
Asian Development Bank (ADB)
Dito Telecommunity Corporation, Inc. (Dito)
Sumitomo Mitsui Banking Corporation
ACEN Renewables
Aboitiz
Work highlights
- Advised the lenders on the financing of the 216MW Upper Trishuli-1 Hydropower Project in Nepal.
- Advised International Finance Corporation and its parallel lenders on the refinancing of the Asahan-1 hydropower project.
- Advised Dito Telecommunity as borrower on the financing of a multi-billion telecommunications project.
Singapore > Banking and finance: foreign firms Tier 4
Shearman & Sterling LLP remains best known for for financings and refinancings of large-scale projects throughout Asia Pacific. It is also noted for financings related to the acquisition of energy and infrastructure assets. Of counsel Bill McCormack is a big name in the market, having led major project financings from Asia over some 20 years. Counsel Claude Jiang is another key name for energy and infrastructure financings in the Asia Pacific region. Jean-Louis Neves Mandelli joined Ashurst LLP in May 2023.Practice head(s):
Bill McCormack
Other key lawyers:
Testimonials
‘The team has extensive experience in the sector and country that I’m working on. It is very assuring to have such experienced legal counsels by the Sponsor/Financial Advisor side when navigating through the bankability issues for an unprecedented deal in a developing nation.’
‘With their collective knowledge and familiarity of the project documents, sponsors and financial advisors are able to have meaningful conversations at any point in time and decisions can be made swiftly.’
Key clients
International Finance Corporation
Banco do Brasil
Dito Telecommunity Corporation, Inc.
Credit Guarantee and Investment Facility
Asian Development Bank
Sumitomo Mitsui Banking Corporation
Work highlights
- Advised IFC and its parallel lenders on the refinancing of the Asahan-1 hydropower project, Indonesia.
- Advised the lenders in connection with the financing of the 216MW Upper Trishuli-1 Hydropower Project in Nepal.
- Advised Dito Telecommunity as borrower on the financing of a multibillion-dollar telecommunications project in the Philippines.
Singapore > Corporate and M&A: foreign firms Tier 4
Shearman & Sterling LLP is well-placed to advise on domestic and cross-border M&A, joint ventures and private equity investments, in addition to reorganisations and restructurings. Practice head Richard Porter advises on M&A and private equity transactions. ‘Highly responsive’ counsel Kok Jin Ong is another key contact in the group. Since publication, the team lost former joint practice head David Clinch in February 2024.Practice head(s):
Richard Porter
Other key lawyers:
Testimonials
‘Strong team from lead partner, counsel and to associates. Very clear in the process of obtaining instructions and turning that into solid legal work. The transparent approach to billing is a relief. Genuinely, just a pleasure working with this Shearman & Sterling team.’
‘The team is the most responsive I have ever worked with. Richard Porter and Kok Jin Ong excel in anticipating our needs and responding to our requests, no matter the time or day. I feel confident having this Shearman team in my corner.’
‘Kok Jin Ong has been a pleasure to work with given his experience and deep understanding of the transaction. He is also highly responsive.’
Key clients
Abu Dhabi National Oil Company (ADNOC)
ACEN Renewables
Pertamina
PTT
General Electric
International Finance Corporation
Mubadala
Investcorp
CATL (Contemporary Amperex Technology Co., Limited)
Work highlights
- Advised Aboitiz InfraCapital (AIC), the infrastructure investment arm of the Aboitiz Group in relation to its partnership with EdgeConneX to develop a data center platform in the Philippines to meet rising demand for data usage.|
- Advised Mubadala on a strategic partnership with KKR & Co. (KKR) to create a joint venture investment platform with the intention of deploying funds to invest indirectly on a levered and unlevered basis.|
- Advised IFC on its investment in Alliance Healthcare.
Singapore > International arbitration Tier 4
Indonesia > Foreign firms Tier 2
The members of Shearman & Sterling LLP are highly experienced in advising on Indonesia’s key practice areas, including capital markets, project development, finance and M&A. Its advice capabilities includes a wide range of sectors such as energy, mining and metals as well as infrastructure and telecoms. In addition, the firm has assisted in major power projects within the country. Kyungwon (Won) Lee leads the Asia capital markets team, focusing on corporate finance and securities transactions. Bill McCormack handles energy and infrastructure projects for the firm and Richard Porter leads the M&A practice.Practice head(s):
Bill McCormack; Kyungwon (Won) Lee; Richard Porter
Testimonials
‘The lawyers I worked with understood the corporate culture well, and were able to work on the project and bring the lengthy negotiations to a successful conclusion. I was quite comfortable with working with them.’
Key clients
BNI Securities Pte. Ltd.
Credit Guarantee & Investment Facility
International Finance Corporation
Mandiri Securities Pte. Ltd
Morgan Stanley
Standard Chartered Bank (Singapore) Limited
Work highlights
- Represented CATL (the world’s largest electric vehicle battery maker) in their joint venture with the Indonesia Investment Authority for the establishment of a green energy fund to invest in Indonesia’s EV supply chain.
- Represented Standard Chartered Bank (Singapore) Limited and Mandiri Securities Pte. Ltd., as dealer managers, in connection with a tender offer of the outstanding 5.875% Senior Notes due 2024 issued by Indika Energy Capital III Pte. Ltd. and the outstanding 8.25% Senior Notes due 2025 issued by Indika Energy Capital IV Pte. Ltd. subject to a combined aggregate purchase price of up to $250m.
- Represented Morgan Stanley Asia (Singapore) Pte. and Standard Chartered Bank (Singapore) Limited, as dealer managers, in connection with a fixed price tender offer of the outstanding 7.375% Senior Notes due 2026 issued by Medco Oak Tree Pte. Ltd. and the outstanding 6.375% Senior Notes due 2027 issued by Medco Bell Pte. Ltd. subject to a combined aggregate purchase price of up to $150b.
Philippines > Foreign firms Tier 2
Shearman & Sterling LLP frequently works with prominent Philippine conglomerates on significant infrastructure and energy projects, as well as with international investors seeking to invest in the Philippines. Practice co-head Bill McCormack is a key member of the firm’s project development and finance practice, and regularly handles major energy and infrastructure projects, as well as acquisitions and disposals in the oil and gas sectors. Li Chen oversees a broad range of M&A, corporate and private equity matters in Greater China, Southeast Asia, and other regions around the world. Philip Cheveley left the firm in February 2023.Practice head(s):
Bill McCormack
Other key lawyers:
Key clients
China Telecom Corporation
Dito Telecommunity Corporation, Inc
Aboitiz InfraCapital
ACEN Renewables
Work highlights
- Advising Dito Telecommunity (Dito), as borrower on the financing of a multibillion telecommunications project.
- Advised Aboitiz InfraCapital (AIC), the infrastructure investment arm of the Aboitiz Group, in relation to its partnership with EdgeConneX to develop a data center platform in the Philippines to meet the ever rising demand for data usage.
Myanmar > Foreign desks Tier 3
Boasting a robust energy practice, Shearman & Sterling LLP advises on matters concerning power, LNG and hydropower, assisting on major international energy and infrastructure projects and developments. Based in Singapore, Bill McCormack, who advises lenders and sponsors on hydro, wind and solar projects, leads the practice. Jean-Louis Neves Mandelli and Anna Chung left the firm for Ashurst LLP in May 2023.Practice head(s):
Bill McCormack
Other key lawyers:
Etienne Gelencsér
Key clients
International Finance Corporation
Work highlights
- Advised the lenders in connection with the development and financing of the greenfield 60 MW Deedoke hydropower project in Myanmar.
Vietnam > Foreign desks Tier 3
Shearman & Sterling LLP’s Singapore practice regularly advises clients operating in Vietnam in relation to large-scale energy and infrastructure projects. The multidisciplinary team, drawing on the expertise of projects, finance, M&A, and capital markets lawyers, handles cases for both sponsors and lenders. Project development and finance lawyer Bill McCormack leads the team.Practice head(s):
Bill McCormack
Key clients
The Export-Import Bank of Korea
Work highlights
- Representing the Export-Import Bank of Korea in connection with the Danang LRT Feasibility Study.
Shearman & Sterling LLP > Firm Profile
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, for 150 years. The firm’s global presence and deep understanding of its clients’ businesses and the industries they operate in, drives the firm’s work to provide outstanding legal service and commercial advice.
As a global, elite law firm, Shearman & Sterling represents many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, on ground-breaking, precedent-setting matters.
The firm leverages the use of smart technology in all of its client work through its innovative data management system, Shearman Analytics, which provides a leading edge in staffing matters leanly and effectively. In addition to driving value for clients, the data system also provides powerful predictive insights to help clients achieve their business goals.
In all matters, Shearman & Sterling is dedicated to serving clients at the highest level. The firm’s lawyers are true business partners to their clients and pride themselves on forming long-standing working relationships, while navigating shifting regulations and market developments, to help clients succeed.
Main Areas of Practice:
Antitrust:
Shearman & Sterling’s lawyers have market-leading experience dealing with all aspects of U.S. and EU antitrust law and represent clients on some of the world’s most challenging, multi-jurisdictional antitrust cases. These include complex mergers and acquisitions in the United States, Europe and other jurisdictions; unilateral conduct; antitrust/IP interface; cartel investigations; antitrust compliance and counseling; State aid and privatizations; market investigations; and litigation, including in antitrust class action lawsuits and jury trials.
Capital Markets:
As capital markets have developed and diversified, the firm has helped its 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 privatizations.
Compensation, Governance & ERISA:
As regulatory and shareholder scrutiny intensifies, public and private companies, corporate boards and committees regularly turn to Shearman & Sterling’s Compensation, Governance & ERISA lawyers to help them successfully manage market demands and carefully navigate complex and sometimes conflicting regulations and stakeholder interests. Clients depend on the firm for practical, insightful and strategic guidance to help them stay ahead of the curve across all industry segments.
Derivatives & Structured Products:
The firm’s practice is widely recognized for representing the full spectrum of market participants across the complete range of derivatives products and asset classes. It is the breadth of their client base, the depth of their product experience and their true cross‐border capabilities that distinguish their practice from others in the market. With significant high-end capabilities in both the United States and the United Kingdom, they advise clients on the full range of structural, legal and documentation considerations that arise in derivatives and structured product transactions across all major asset classes, including credit, equity, fixed-income, currency and commodity-linked instruments.
Emerging Growth:
From the back-of-the-envelope to the opening bell, Shearman & Sterling provides strategic advice for each stage of growth. For a promising idea to grow into a successful company, entrepreneurs need insightful, business-minded counsel that can keep up with the pace of innovation. Collaborating side-by-side, they know their clients’ businesses. The firm’s lawyers provide tailored, cutting-edge solutions to emerging growth challenges, working with their clients as their needs change over time across Capital Markets, Mergers & Acquisitions, Intellectual Property, Litigation, Compensation, Governance & ERISA and other complex areas.
Finance:
The firm’s finance practice helps companies and lenders successfully navigate all aspects of the bank financing process and obtain the best possible outcomes. The firm routinely handle cross-border financings and provide comprehensive advice to clients who need both bank and bond financings by creating tailored solutions to address particular financing needs, whether asset-based, leveraged or investment-grade. The firm work closely with their capital markets lawyers, particularly those focused on the high yield market, and have a long tradition of using a variety of securitization structures.
Financial Institutions Advisory & Financial Regulatory:
Shearman & Sterling’s market-leading financial regulatory practice serves their clients’ businesses around the world. This focus on regulatory activity across geographies and the excellence of their U.S., U.K. and European practices in particular, make them the international counsel of choice for clients with difficult regulatory challenges in their home jurisdictions that are also seeking to meet global best practices. Backed by clear technical advice and strong relationships with regulators, the firm advise clients on the laws and regulations of the world’s key financial and commercial centers.
Financial Restructuring & Insolvency:
Shearman & Sterling’s Financial Restructuring & Insolvency practice represents stakeholders across the full spectrum of restructuring matters. The firm’s global team has a wealth of experience advising on complex domestic and cross-border restructurings, including some of the most high-profile transactions of recent years. The firm combine a commercial approach with technical expertise and work in partnership with their clients to navigate the legal, political and business landscapes in which they operate. The work closely with other practice groups, leveraging expertise across products, sectors and industries to provide innovative and effective advice.
Intellectual Property Transactions:
As the most valuable corporate assets become increasingly intangible, it is essential to identify and solve intellectual property-related issues arising in complex corporate transactions. Clients look to their Intellectual Property Transactions practice for guidance on intellectual property issues arising in all types of corporate and financial transactions.
International Arbitration:
Shearman & Sterling’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. Because of the firm’s strategic view and thorough knowledge of arbitration processes and comparative law, clients turn to the firm for their most critical matters. They work together with their clients, ahead of and throughout the dispute, to devise and implement a strategy that meets their objectives and leads to the optimal resolution of their thorniest legal problems.
Investment Funds:
The firm’s full-service investment funds team is led by lawyers based in New York, London, Hong Kong, Beijing and Tokyo, with support from a global network of offices. By combining their multidisciplinary knowledge with a globally integrated approach, the firm provide a comprehensive range of investment funds services to clients on a worldwide basis. The firm have extensive experience assisting fund sponsors and investors across the Americas, Asia, Europe and Africa in finding innovative solutions to the challenges they face. The firm are 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, their 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 firm’s lawyers have experience in a wide range of substantive areas including securities, criminal law enforcement, antitrust, commercial disputes, intellectual property and arbitration. The firm are trial-ready and trial-tested. The firm’s litigation partners include several former prosecutors who have tried dozens of jury trials in United States courts. Their team regularly represents parties in major trials in state and federal courts, and they are equally strong in the arbitration area, handling numerous contested proceedings every year.
Mergers & Acquisitions:
With M&A lawyers on the ground across the Americas, Europe, Asia and the Middle East, their 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. Clients rely on their team to guide them through transactions that will ultimately transform their organizations. Corporations and financial sponsors trust that the firm understand their business needs and will offer pragmatic and solutions-oriented advice, negotiate aggressively on their behalf and provide focused execution throughout each deal.
Privacy & Data Protection:
Shearman & Sterling’s privacy and data protection practice is a destination for clients – from startups to multinational corporations alike – seeking advice on every aspect of privacy laws and regulations, as well as incident prevention and response. The firm’s global privacy & data protection team is well-known for its actionable intelligence and data-driven solutions. The firm’s cross-disciplinary and responsive team takes a practical approach and provides global compliance strategies and solutions for international data transfers, product counseling for new and enhanced product launches, and assistance with data security breaches.
Private Client:
Individuals, family offices, privately owned companies and charitable organizations, both in the United States and across the globe, turn to Shearman & Sterling for their extensive experience in issues affecting private clients. Drawing on a multidisciplinary team of lawyers dedicated to serving the unique needs of family offices and family businesses, they also represent clients in corporate, regulatory, real estate, tax and litigation matters.
Project Development & Finance:
Shearman & Sterling has a market-leading project development and finance practice. The team has played a leading role at every stage in the procurement, structuring, development, financing, operations purchase and sale of major infrastructure projects globally, 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). Clients rely on th firm to help them achieve their most ambitious goals. Many of these projects are unique, innovative or first-of-their-kind.
Public International Law:
Public international law is increasingly becoming a significant feature in international commerce. Issues that traditionally arose in the context of State-to-State relations, are now raised in the context of international commercial and investment disputes. They may concern, for example, natural resource development, infrastructure programs or project financing. Their practice includes both advisory and advocacy work on all aspects of public international law.
Real Estate:
The firm’s real estate practice assists clients in achieving their strategic goals around the world, partnering with private and institutional investors, developers, owners, lenders and underwriters in real estate joint ventures, financings, development projects, leasing, and acquisitions and dispositions. The firm’s clients value their breadth and depth of experience in regional, national and international markets and through decades of market cycles. Regardless of where their clients are located across the globe, they find innovative ways for them to achieve their objectives.
Special Situations & Capital Solutions:
Shearman & Sterling’s special situations and capital solutions team of partners works across practice groups to develop innovative solutions to capital structure and other complex problems. Each member of their interdisciplinary team—including Capital Markets, Leveraged Finance and Direct Lending, Restructuring, Litigation, Mergers & Acquisitions and Tax—has the experience to address the issues that arise in this unique context and spends a substantial amount of their time working with many of the world’s leading hedge funds, private equity funds, direct lenders, CLOs and other institutional investors.
Tax:
Ranking among the leading advisors in domestic and international tax, Shearman & Sterling’s tax practice plays an integral role in the firm’s corporate and cross-border practice and provides tax capability in France, Germany, the United Kingdom and the United States. Clients regularly entrust the firm with their most complex and strategic tax matters, resulting in their involvement in groundbreaking transactions throughout the world. The firm also advise clients with respect to a full range of tax controversies and disputes.
Lawyer Profiles
Photo | Name | Position | Profile |
---|---|---|---|
Adam Blythe | Associate | View Profile | |
David Clinch | Partner | View Profile | |
Angela Heywood Bible | Counsel | View Profile | |
Lee Hill | Associate | View Profile | |
Mr Emmanuel Jacomy | Partner | View Profile | |
Claude Jiang | Associate | View Profile | |
Dimitrios Katsikis | Counsel | View Profile | |
Gabriel Lim | Associate | View Profile | |
Rami Marginean | Associate | View Profile | |
Bill McCormack | Partner | View Profile | |
Mr Jin Ong | Counsel | View Profile | |
Kotoe Oshima | Associate | View Profile | |
Richard Porter | Partner | View Profile | |
Andrew Schleider | Partner, Head of the Capital Markets practice in Singapore | View Profile | |
Artis Straupenieks | Associate | View Profile | |
Chloé Vialard | Associate | View Profile | |
Elizabeth Wood | Associate | View Profile |
Legal Briefings
-
The UK financial restructuring market
The last two years have seen significant developments and unexpected turns in the financial restructuring market. The impact of the Covid pandemic precipitated an immediate and significant uptick in the level of corporates facing underperformance and distress, only to be followed in 2021 by an incredibly ‘hot’ financing market and significant drop-off in corporate default …