Sullivan & Cromwell LLP

Law360 has named five Sullivan & Cromwell partners as “Rising Stars”—attorneys under 40 whose legal accomplishments transcend their age. Learn more: https://xmrrwallet.com/cmx.plnkd.in/eTyShDki

In a recent webinar, S&C Tax Co-Heads Isaac Wheeler and Davis Wang, along with Tax Counsel Bella Schapiro and Special Counsel Aharon Friedman, discussed the background, process and tax implications of The One Big Beautiful Bill Act. Learn more: https://xmrrwallet.com/cmx.plnkd.in/e9mSx56Q

• Senate’s August recess, scheduled to start this weekend, may be delayed, as House leaves until after Labor Day • Ways & Means holds Nevada and California field hearings on OBBBA • No obvious political path forward to fund government as September 30 deadline looms • President Trump reaches some trade deals on eve of August 1 deadline, while negotiations over OECD pillars and DSTs continue • President Trump signs disaster tax bill into law Subscribe to our memos: https://xmrrwallet.com/cmx.plnkd.in/dEuHB5Z Learn more: https://xmrrwallet.com/cmx.plnkd.in/ezk-85Wb

President Trump announced that the United States reached preliminary trade deals with Indonesia and Japan while the administration continues its efforts to prioritize enforcement against tariff evasion and customs fraud. Subscribe to our memos: https://xmrrwallet.com/cmx.plnkd.in/dEuHB5Z Learn more: https://xmrrwallet.com/cmx.plnkd.in/etyyGeNk

On July 18, the European Union adopted its 18th Russia Sanctions Package, which aims to further curtail Russian energy revenues and military capacity, as well as strengthen anti-circumvention measures by targeting non-Russian companies and individuals. The UK followed suit on July 21, by targeting additional entities from Russia’s energy sector. Read our takeaways below. Subscribe to our memos: https://xmrrwallet.com/cmx.plnkd.in/dEuHB5Z Learn more: https://xmrrwallet.com/cmx.plnkd.in/gGrxGTrZ

An S&C team including Keiji Hatano, Nirav Mehta and Shihui Xiang advised Honda on its $3 billion SEC-registered notes offering. Learn more: https://xmrrwallet.com/cmx.plnkd.in/gXHzebNh

Malou Huth, a Special Counsel in the Firm’s Financial Services and Investment Management Groups, will co-chair the Practising Law Institute (PLI) program, “Investment Management 2025: Current Issues & Trends,” from July 29-30 in New York. She will also moderate two panels during the program: “SEC Division of Investment Management’s Strategic Agenda” and “SEC Compliance and Examination Issues for Advisers and Funds.” Dalia Blass, S&C’s Senior Investment Management Partner, will give the keynote address, discussing key trends and issues affecting the investment management industry, and Eric Diamond, a partner in S&C’s Financial Services Group and Co-Coordinator of the Firm’s Investment Management Practice, will moderate a panel on “Distribution Trends in the Retirement Channel and Potential Regulatory Evolution.”  Learn more and register: https://xmrrwallet.com/cmx.plnkd.in/ev8Rzx2w

Jacob Croke has been named a Law360 “Rising Star” for White Collar. Read Jake’s profile: https://xmrrwallet.com/cmx.plnkd.in/e5mGjnys Learn more: https://xmrrwallet.com/cmx.plnkd.in/eTyShDki

An S&C team led by Mike Ringler and Peter Jones represented xAI on its $5.5 billion equity financing.

S&C Partner Ching-Yang Lin spoke with Asia Business Law Journal to discuss S&C’s global team effort in advising on the $1.1 Billion acquisition of Japan’s Pioneer Corporation by global investment firm EQT to Innolux’s subsidiary CarUX Holding. Read the article: https://xmrrwallet.com/cmx.plnkd.in/g2ANewwS Learn more: https://xmrrwallet.com/cmx.plnkd.in/eDz4ZjET