- Chairman: Joseph C Shenker Senior
- Chairman: H Rodgin Cohen
- Number of partners worldwide: 175
- Number of other lawyers worldwide: 631
- INTERNATIONAL OFFICES: Frankfurt, London, Los Angeles, New York, Palo Alto, Paris, Washington
Firm Overview:
Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients worldwide. The firm’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, S&C is a leader in each of its core practice areas and geographic markets. The firm advises a diverse range of clients on major domestic and cross-border M&A and corporate finance transactions, high stakes litigation and corporate investigations, and complex regulatory, tax and estate planning matters. S&C is committed to clients and transactions in Asia,which have formed an important part of its practice since the 1920s. The firm is a recognised leader in the region’s capital markets, M&A, private equity, privatisation and project finance work. Its Asian clients are spread throughout the region and make up over 20 percent of S&C’s non-US clients.
Main Areas of Practice:
Mergers & Acquisitions/Private Equity:
S&C is the number one US law firm by value of M&A transactions involving an Asian principal announced during the five-year period 2007 to 2011, according to data from Bloomberg. Recently, S&C advised on BHP Billiton acquisition of Petrohawk; CNOOC’s acquisition of Uganda Exploration Areas oil and gas exploration assets from Tullow Oil PLC; CST Mining Group’s sale of stake in Marcobre to Cumbres Andinas; The Bank of East Asia’s sale of stake in US subsidiary to ICBC; China Cinda Asset Management’s issuance of shares to CITIC Capital, National Social Security Fund of China, Standard Chartered and UBS; ENN Energy and Sinopec’s proposed offer for China Gas; CIC investment in Diamond S Shipping Group; Tokio Marine’s acquisition of Delphi Financial Group; Sumitomo Trust and Banking’s merger with Chuo Mitsui Trust and Banking and Chuo Mitsui Asset Trust and Banking; UnionBanCal acquisition of Pacific Capital Bancorp; Nippon Steel acquisition of additional shares of Usiminas and shareholders’ agreement with other controlling shareholders; Nippon Steel’s merger with Sumitomo Metal Industries; GS Mongolia Investment Limited’s acquisition of stake in Trade & Development Bank of Mongolia; GS Asset Management acquisition of BAMC in India; Sapura Crest Petroleum merger with Kencana Petroleum in Malaysia; PLUS Expressways acquisition by UEM Group and Provident Fund of Malaysia; Sunway City Berhad disposal of assets to Sunway Berhad in Malaysia.
Capital Markets:
S&C’s Asian offices regularly advise on some of the largest, most complex, important, groundbreaking transactions for the region, including the IPOs of New China Life Insurance Company, NEXON Co. and Activia Properties Inc.; debt offerings of Australia and New Zealand Banking Group Limited,Commonwealth Bank of Australia, HutchisonWhampoa, Goodman Group, Fortescue Metals Group, Macquarie Bank, BHP Billiton and Aurora USA Oil & Gas Limited; Kunlun Energy’s share placement on HKSE; Takeda Pharmaceutical’s offering of senior notes; Mitsui Sumitomo Insurance Company’s offering of subordinated notes; Industrial & Infrastructure Fund Investment Corp’s follow-on global offering; Japan Retail Fund Investment Corporation’s follow-on global offering; Elpida Memory’s public and international offerings. The firm has played an important role in privatisations in both China and Japan over the past 25 years and has advised on over 30 completed privatisations totalling more than $154 billion since 1986.
Project Development & Finance:
The firm’s project finance expertise encompasses a strong and growing practice in the Asia Pacific region. S&C recently advised the project company, including Sumitomo Metal Mining Co., Ltd. (Japan), Sumitomo Corporation (US) and Quadra FNX Mining Ltd in the financing for the Sierra Gorda copper molybdenum project in Chile; PTNNT in its secured revolving credit facility according to a credit agreement among PTNNT and a consortium of Indonesian and international lenders; Antofagasta plc (UK) in connection with Marubeni Corporation (Japan) acquisition of a 30% interest in Minera Antucoya (Chile); CST Mining Group’s sale of stake in Marcobre, the project company that operates the Mina Justa copper mine in Peru, to Cumbres Andinas S.A. (Peru); AP LNG in relation to the project financing facility for the development of its CSG to LNG project on Curtis Island.