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 December 28, 2016, the New York State Department of Financial
Services (NYSDFS) reproposed its first-in-the-nation cybersecurity
regulation to protect New York State from the threat of
cyber-attacks. The proposed regulation, which will be effective
March 1, 2017, will require banks, insurance companies and other
financial services institutions regulated by NYSDFS to establish
and maintain a cybersecurity program designed to protect consumers
and ensure the safety and soundness of New York State's
financial services industry.
The NYSDFS considered comments submitted regarding the
previously proposed regulation during a 45-day comment period,
which ended on November 14, 2016, and has incorporated appropriate
comments in the updated regulation that will be subject to an
additional final 30-day notice and public comment period. The
NYSDFS will focus its final review on any new comments that were
not previously raised in the original comment process.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
