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.
On January 20, 2015, the Consumer Financial Protection Bureau finalized two minor modifications to the "Know Before You Owe" mortgage disclosure rules.
On January 20, 2015, the Consumer Financial Protection Bureau
finalized two minor modifications to the "Know Before You
Owe" mortgage disclosure rules. The changes, which were
originally proposed in October 2014, identify when consumers will
receive updated disclosures after locking in an interest rate and
address how consumers receive information regarding certain
construction loans. Under the finalized rule, creditors are
required to provide a revised loan estimate within three business
days after a consumer locks in a floating interest rate, as opposed
to the original rule which required a revised loan estimate on the
date a rate was locked. The second change creates a space on the
loan estimate form where creditors could include language informing
consumers that they may receive a revised loan for a construction
loan that is expected to take more than 60 days to settle. The rule
will be effective on August 1, 2015.
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