With a storied history that spans more than 145 years, Shearman & Sterling LLP is well regarded as a global elite firm with unparalleled expertise advising on highly complex cross-border matters. The firm has a solid reputation for offering practical advice, innovative solutions and excellent client service to global financial institutions, corporates, emerging growth companies, governments and state-owned enterprises.
In Latin America, Shearman & Sterling combines its global footprint with on-the-ground capability and 100 years of experience playing an active role in the region’s economic development. The firm’s integrated Latin America team regularly advises on groundbreaking capital markets transactions, project financings, mergers and acquisitions, litigation, regulatory matters and investigations in the region spanning a wide range of industries, including banking, energy, natural resources, infrastructure, retail and telecommunications and media.
In 2019, Shearman & Sterling lawyers worked on some of the region’s most notable transactions. The team advised on one of the year’s largest Latin American IPO on the New York Stock Exchange (Intercorp Financial Services), the largest IPO ever in the Chilean capital markets (Cencosud), the largest sale of debt in local currency from an emerging economy (Republic of Peru) and the first sovereign green bond out of Latin America (Republic of Chile). Additionally, the team acted as counsel to the global coordinators in the largest refinancing operation in Pemex’s history.
In the projects arena, the firm advised ENGIE on the development and execution of an innovative structure for its first-ever green loan financing for the construction and operation of four solar parks and two wind farms in Mexico. Also in Mexico, the team advised on Enel Green Power’s portfolio project financing of three solar farms, which together will be the largest photovoltaic solar facility in the Americas.
On the M&A side, the firm deployed teams from Italy, the UK and the US to advise Abertis Infraestructuras and Singapore’s global institutional investor GIC in their agreement to acquire a 70 per cent stake in Red de Carreteras de Occidente, one of the largest toll road operators in Mexico. The firm also advised Ecopetrol on its US$1.5 billion joint venture with Occidental Petroleum Corporation to develop 97,000 net acres in the Permian Basin in Texas.
Shearman & Sterling has also been one of the leading promoters and providers of pro bono services in Latin America for decades. Involved at the executive committee level of the Cyrus R Vance Center for International Justice, lawyers from the Latin America team have been fundamental in growing the Women in the Profession program, working to improve the status of women in the legal profession throughout the region. They have also served on a delegation from the Vance Center’s Lawyers Council for Civil and Economic Rights to observe and offer recommendations to the Peruvian government in the ongoing judicial appointment process after a system-wide corruption scandal.
Additionally, the firm works with the Safe Passage Project to provide pro bono services to refugee and immigrant children in the New York City area who face deportation. Shearman & Sterling lawyers collaborate with the Project in screening potential clients for legal merit, reviewing documents, translating birth certificates and providing pro bono representation before the US Citizenship and Immigration Services, in family court and for individual removal hearings.