Cravath’s New York Office Moves to Two Manhattan West
Cravath has a breadth of expertise across the renewables sector, including solar, wind, hydro, energy storage, biofuels, biomass, geothermal and other emerging energy technologies. Our representation of leading industry participants in their most significant transactions, projects and disputes helps drive the expansion of U.S. and global renewable energy.
We advise strategic players, venture‑backed companies, utilities, infrastructure funds and financial institutions in the renewables and alternative energy sector in connection with joint ventures, strategic alliances, financing transactions and the acquisition and disposition of assets and companies. Our representation also includes providing legal expertise and commercial advice to conventional energy companies developing or expanding their alternative energy and renewables businesses. This includes assisting our clients in connection with green bonds and other sustainability‑linked financing transactions as well as complex financing arrangements for renewables projects involving debt, equity and lease transactions. Our lawyers employ a collaborative approach, drawing upon our expertise across a wide range of practices to navigate issues arising from U.S. and international tax, regulatory, environmental, ESG, real estate, intellectual property and restructuring matters related to renewables and alternative energy.
Our litigators advise clients in the renewables and alternative energy sector on a wide range of issues, including securities and derivative claims, intellectual property litigation and other commercial disputes, as well as with respect to corporate decision‑making and contested mergers and acquisitions. Our team possesses a deep understanding of the issues companies of all sizes face within this quickly evolving industry, and we provide counsel throughout the litigation lifecycle, including trying high‑profile cases as well as representing clients in internal and government investigations.
We advise strategic players, venture‑backed companies, utilities, infrastructure funds and financial institutions in the renewables and alternative energy sector in connection with joint ventures, strategic alliances, financing transactions and the acquisition and disposition of assets and companies. Our representation also includes providing legal expertise and commercial advice to conventional energy companies developing or expanding their alternative energy and renewables businesses. This includes assisting our clients in connection with green bonds and other sustainability‑linked financing transactions as well as complex financing arrangements for renewables projects involving debt, equity and lease transactions. Our lawyers employ a collaborative approach, drawing upon our expertise across a wide range of practices to navigate issues arising from U.S. and international tax, regulatory, environmental, ESG, real estate, intellectual property and restructuring matters related to renewables and alternative energy.
Our litigators advise clients in the renewables and alternative energy sector on a wide range of issues, including securities and derivative claims, intellectual property litigation and other commercial disputes, as well as with respect to corporate decision‑making and contested mergers and acquisitions. Our team possesses a deep understanding of the issues companies of all sizes face within this quickly evolving industry, and we provide counsel throughout the litigation lifecycle, including trying high‑profile cases as well as representing clients in internal and government investigations.
Deals & Cases
May 13, 2024
Cravath represented the initial purchasers in connection with the $2.75 billion 144A/Reg. S senior green notes offering of Smurfit Kappa Treasury Unlimited Company, a wholly owned subsidiary of Smurfit Kappa Group plc, one of the world’s largest integrated manufacturers of paper‑based packaging products, with operations in Europe, Latin America, the United States and Canada. The notes were listed on the Global Exchange Market. The transaction closed on April 3, 2024.
Deals & Cases
April 04, 2024
Cravath represented the initial purchasers in connection with the $750 million 144A/Reg. S high‑yield senior green notes offering of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. The transaction closed on March 21, 2024.
Deals & Cases
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
Deals & Cases
November 20, 2023
On November 14, 2023, engineering and technology company Technip Energies announced the launch of Reju, a company focused on PET (Polyethylene terephthalate) recycling of textiles that will leverage technology co‑developed in a joint venture with IBM and Under Armour. IBM, Under Armour and Technip Energies have been working together since 2021 to bring VolCat, an IBM technology for rejuvenating waste PET packaging and polyester, to an industrial scale. VolCat allows the selective breakdown of polymers which IBM first applied to technologies like semiconductor lithography and microelectronics packaging, which Reju intends to use to address hard‑to‑recycle polyester garments and PET packaging lost to the waste stream. Cravath is representing IBM in connection with the joint venture and matters relating to the establishment of Reju.
Deals & Cases
November 06, 2023
Cravath represented the underwriters in connection with the $2 billion registered fixed‑to‑floating rate green notes and $5.25 billion registered fixed-to-floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on October 23, 2023.
Accolades
June 13, 2024
The 2024 edition of The Legal 500 United States ranked Cravath in the top tier nationally in 16 areas: Antitrust - Civil Litigation/Class Actions: Defense; Capital Markets: Debt Offerings (Advice to Issuers); Capital Markets: Debt Offerings (Advice to Underwriters); Capital Markets: Global Offerings (Advice to Issuers); Capital Markets: Global Offerings (Advice to Underwriters); Commercial Lending (Advice to Lenders); Employee Benefits, Executive Compensation and Retirement Plans: Transactional; Environment: Transactional; Financial Services Litigation; Fintech (Crypto); General Commercial Disputes; International Tax; M&A: Large Deals ($1bn+); M&A Litigation: Defense; Securities Litigation: Defense; and U.S. Taxes: Non‑contentious. In addition, 75 Cravath attorneys were individually recognized by The Legal 500 United States this year.
Accolades
June 07, 2024
The 2024 edition of Chambers USA ranked Cravath in the top tier nationally in seven areas: Antitrust; Capital Markets (Investment Grade Debt – Issuer Counsel); Capital Markets (Investment Grade Debt – Manager Counsel); Corporate/M&A (The Elite); Securities (Litigation); Securities (Regulation – Advisory); and Tax (Corporate & Finance). In New York, the Firm was ranked in the top tier in seven areas: Antitrust; Corporate/M&A (The Elite); Environment (Mainly Transactional); Litigation (General Commercial: The Elite); Litigation (Securities); Media & Entertainment (Corporate); and Tax. Forty‑seven Cravath lawyers were ranked across 18 practice categories.
Activities & Publications
June 07, 2024
On June 6, 2024, Cravath partner Michael L. Arnold participated in a webinar titled “Biodiversity and Nature: What Investors Need to Know,” which was hosted by the Council of Institutional Investors. The virtual panel examined the state of biodiversity and nature‑related disclosure requirements; Taskforce on Nature‑related Financial Disclosures reporting; and potential issues investors and companies may have in preparing and analyzing biodiversity disclosures.
Activities & Publications
May 16, 2024
On May 14, 2024, Cravath partner Nicholas A. Dorsey participated in the International Bar Association’s 8th annual Global Entrepreneurship Conference, which was held from May 13‑14, 2024, in Madrid, Spain. Nick co‑chaired a workshop entitled “Selected Financing and Other Topics Relevant for Closely Held Companies,” which examined artificial intelligence and big data; blockchain technology and digital assets; foreign direct investment controls; current sectors, including digital health, energy/renewables and fintech; and trends in private equity and venture capital.
Activities & Publications
April 11, 2024
On April 10, 2024, Cravath partner and former Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission Elad Roisman testified before the United States House Financial Services Committee. The hearing focused on the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies and their potential impact on American markets.
Deals & Cases
May 13, 2024
Cravath represented the initial purchasers in connection with the $2.75 billion 144A/Reg. S senior green notes offering of Smurfit Kappa Treasury Unlimited Company, a wholly owned subsidiary of Smurfit Kappa Group plc, one of the world’s largest integrated manufacturers of paper‑based packaging products, with operations in Europe, Latin America, the United States and Canada. The notes were listed on the Global Exchange Market. The transaction closed on April 3, 2024.
Deals & Cases
April 04, 2024
Cravath represented the initial purchasers in connection with the $750 million 144A/Reg. S high‑yield senior green notes offering of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. The transaction closed on March 21, 2024.
Deals & Cases
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
Deals & Cases
November 20, 2023
On November 14, 2023, engineering and technology company Technip Energies announced the launch of Reju, a company focused on PET (Polyethylene terephthalate) recycling of textiles that will leverage technology co‑developed in a joint venture with IBM and Under Armour. IBM, Under Armour and Technip Energies have been working together since 2021 to bring VolCat, an IBM technology for rejuvenating waste PET packaging and polyester, to an industrial scale. VolCat allows the selective breakdown of polymers which IBM first applied to technologies like semiconductor lithography and microelectronics packaging, which Reju intends to use to address hard‑to‑recycle polyester garments and PET packaging lost to the waste stream. Cravath is representing IBM in connection with the joint venture and matters relating to the establishment of Reju.
Deals & Cases
November 06, 2023
Cravath represented the underwriters in connection with the $2 billion registered fixed‑to‑floating rate green notes and $5.25 billion registered fixed-to-floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on October 23, 2023.
Accolades
June 13, 2024
The 2024 edition of The Legal 500 United States ranked Cravath in the top tier nationally in 16 areas: Antitrust - Civil Litigation/Class Actions: Defense; Capital Markets: Debt Offerings (Advice to Issuers); Capital Markets: Debt Offerings (Advice to Underwriters); Capital Markets: Global Offerings (Advice to Issuers); Capital Markets: Global Offerings (Advice to Underwriters); Commercial Lending (Advice to Lenders); Employee Benefits, Executive Compensation and Retirement Plans: Transactional; Environment: Transactional; Financial Services Litigation; Fintech (Crypto); General Commercial Disputes; International Tax; M&A: Large Deals ($1bn+); M&A Litigation: Defense; Securities Litigation: Defense; and U.S. Taxes: Non‑contentious. In addition, 75 Cravath attorneys were individually recognized by The Legal 500 United States this year.
Accolades
June 07, 2024
The 2024 edition of Chambers USA ranked Cravath in the top tier nationally in seven areas: Antitrust; Capital Markets (Investment Grade Debt – Issuer Counsel); Capital Markets (Investment Grade Debt – Manager Counsel); Corporate/M&A (The Elite); Securities (Litigation); Securities (Regulation – Advisory); and Tax (Corporate & Finance). In New York, the Firm was ranked in the top tier in seven areas: Antitrust; Corporate/M&A (The Elite); Environment (Mainly Transactional); Litigation (General Commercial: The Elite); Litigation (Securities); Media & Entertainment (Corporate); and Tax. Forty‑seven Cravath lawyers were ranked across 18 practice categories.
Activities & Publications
June 07, 2024
On June 6, 2024, Cravath partner Michael L. Arnold participated in a webinar titled “Biodiversity and Nature: What Investors Need to Know,” which was hosted by the Council of Institutional Investors. The virtual panel examined the state of biodiversity and nature‑related disclosure requirements; Taskforce on Nature‑related Financial Disclosures reporting; and potential issues investors and companies may have in preparing and analyzing biodiversity disclosures.
Activities & Publications
May 16, 2024
On May 14, 2024, Cravath partner Nicholas A. Dorsey participated in the International Bar Association’s 8th annual Global Entrepreneurship Conference, which was held from May 13‑14, 2024, in Madrid, Spain. Nick co‑chaired a workshop entitled “Selected Financing and Other Topics Relevant for Closely Held Companies,” which examined artificial intelligence and big data; blockchain technology and digital assets; foreign direct investment controls; current sectors, including digital health, energy/renewables and fintech; and trends in private equity and venture capital.
Activities & Publications
April 11, 2024
On April 10, 2024, Cravath partner and former Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission Elad Roisman testified before the United States House Financial Services Committee. The hearing focused on the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies and their potential impact on American markets.
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