A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
Shearman & Sterling advised the U.S. Department of Energy’s Loan Programs Office on a conditional commitment to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp., for a $2.26 billion loan to
United States
Shearman & Sterling advised the U.S. Department of
Energy's Loan Programs Office on a conditional commitment to
Lithium Americas Corp's subsidiary, Lithium Nevada Corp., for a
$2.26 billion loan to help finance the construction of a lithium
carbonate processing plant at Thacker Pass in Humboldt County,
Nevada. This is a key project for the critical minerals supply
chain for the automotive industry, as the project's lithium
carbonate is anticipated to support the production of up to 800,000
electric vehicles (EVs) annually.
The project, which is located next to a mine site that contains
the largest-proven lithium reserves in North America, is also
supported by an equity investment into Lithium Americas from
General Motors, which is expected to be a long-term primary lithium
carbonate buyer for the processing plant.
While DOE's conditional commitment indicates its intent to
finance the project, Lithium Nevada Corp must satisfy certain
technical, legal, environmental, and financial conditions before
DOE enters into definitive financing documents and funds the loan.
The conditional commitment to finance the project was announced by
DOE on March 14, 2024 in a
press release.
A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
