Shearman & Sterling Wins 'International Law Firm of the Year, China' at the Chambers Asia Awards 2010

NEW YORK, May 4 /PRNewswire/ -- Shearman & Sterling has been awarded "International Law Firm of the Year, China" at the Chambers Asia Awards 2010 in recognition of the firm's outstanding performance in China over the past twelve months.

The Chambers Asia Awards "reflect both pre-eminence in key practice areas, and achievements over the last 12 months, including notable work, strategic growth, excellence in client service, and contribution to the legal profession."

Shearman & Sterling has advised on a number of China's most significant transactions in recent months, including the US$2.4 billion initial public offering of Metallurgical Corporation of China Ltd, one of Hong Kong's largest IPOs of 2009; Xi'an Aircraft Industry (Group) Company Ltd's acquisition of FACC AG, the largest business merger and acquisition by a Chinese company in central Europe; PetroChina's US$1.02 billion acquisition of Singapore Petroleum Company; and a number of noteworthy outbound investments, including Sinosure, Bank of China and China Development Bank's financing of the Salalah 445 MW IWPP in Oman and Tecon's Export Import Bank of China (China Ex-Im) financing for the expansion of its Rio Grande container terminal in Brazil, the first China Ex-Im financing in South America.

Lee Edwards, China Managing Partner for Shearman & Sterling based in Beijing, said, "I am delighted that Shearman & Sterling has received the Chambers Asia 'International Law Firm of the Year, China' award, which acknowledges Shearman & Sterling's market-leading practice in China. These awards recognize not only the high volume of deals we are doing and the cutting-edge, complex and innovative nature of these deals, but the capabilities of our outstanding team. We strive to produce consistently excellent service for our clients in China and it is wonderful to have this recognized by the Chambers Asia Awards."

Added Rohan S. Weerasinghe, the firm's senior partner in New York, "This award reinforces the continued strength of our global platform. In addition to our exceptional work in China and throughout Asia, including India, we have also been acknowledged recently for our strong performance in other parts of the world, including Europe, the United States, Latin America and the Middle East."

Contact:

Ron Brandsdorfer, 212.848.5081, [email protected]

SOURCE Shearman & Sterling LLP