The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Shearman & Sterling LLP

599 LEXINGTON AVENUE, NEW YORK, NY 10022-6069, USA
Tel:
Work +1 212 848 4000
Fax:
Fax +1 212 848 7179
Email:
Web:
www.shearman.com

Laurence Bambino

Tel:
Work +1 212 848 4213
Email:
Shearman & Sterling LLP

Position

Partner

Career

www.shearman.com/lbambino/


United States: Tax

International tax

Within: International tax

Shearman & Sterling LLP is focused on providing global tax planning and advising multinational companies, financial institutions and other clients on the tax aspects of large transactions. Washington DC-based Ethan Harris and  Menlo Park’s Larry Crouch are advising CVS Health on its $77bn acquisition of Aetna. Crouch worked alongside Nathan Tasso on Unibail-Rodamco's acquisition of Westfield Corporation for $25bn. New York-based Laurence Bambino is another name to note. He recently worked with Liberty Global on structuring a split-off transaction.

[back to top]

US taxes: non-contentious

Within: US taxes: non-contentious

Shearman & Sterling LLP displays ‘strong professional skills and knowledge’ across a broad-range of tax fields, including cross-border M&A deals, spin-offs and restructuring, and also advises on tax-efficient investment and operating structures. Among the team's recent work, international M&A has been particularly well represented, with Larry Crouch in Menlo Park and Ethan Harris in Washington DC advising CVS Health on its $77bn acquisition of Aetna. Harris also acted for General Electric in the multi-jurisdictional sale of its power distribution business to Advent International, valued at $3.5bn. In another highlight from Washington DC, Kristen Garry advised Citigroup on its sale of the Mexican asset management business Citibanamex to BlackRock. In New York, spin-offs lead partner Laurence Bambino, M&A partner George Casey and Harris structured the spin-off transactions for Liberty Global in connection with its issuance of tracking stock. Michael Shulman handled international restructuring matters on behalf of The Bank of Nova Scotia.

[back to top]


Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Communiqué on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (“ CMB ”) had issued an announcement on its website on the Draft Communiqué on Equity Crowdfunding [1] . The CMB has now officially published the Communiqué on Crowdfunding No. III-35/A (“ Communiqué ”), on October 3, 2019. The Communiqué entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept. 
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
  • Vacancy - Senior Corporate Lawyer

    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.
  • CJEU RULED ON THE APPLICATION OF THE BENEFICIAL OWNERSHIP CONCEPT

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the “Danish Beneficial Ownership Cases”, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
  • Court of Justice rules on source of income for Derivative Residence applications

    On 2 October 2019, the Court of Justice delivered its judgment in Bajratari v Secretary of State for the Home Department (Directive 2004/38/EC) Case C-93/18 which concerns Chen applications and the source of funds for self-sufficiency. 
  • End of the ‘centre of life test’ in Surinder Singh cases?

    In the recent case of  ZA (Reg 9. EEA Regs; abuse of rights) Afghanistan   [2019] UKUT 281 (IAC ), the Upper Tribunal found that there is no basis in EU law for the centre of life test, as set out in Regulation 9(3)(a) of the Immigration (European Economic Area) Regulations 2016 (the “Regulations”). It further found that it is not to be applied when Judges assess  Surinder Singh  cases that appear before them.
  • ITALIAN RULES ON JOINT VENTURES IN PUBLIC PROCUREMENT AND CONCESSIONS

    Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EU of the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair prices. In this context, public procurementand concessions represent key instruments that need to be regulated and standardisedin order to ensure free movement of goods, freedom of establishment and freedomto provide services.
  • Terms of employment as a sole representative

    In this article we examine the working arrangements of sole representatives, looking at the terms and conditions of employment that the Home Office will expect a sole representative to have in order to qualify as a representative of an overseas business.  
  • Can Sole Representatives Be Shareholders?

    The Immigration Rules require that an applicant for a  sole representative visa  is not “a  majority shareholder in the overseas business”.