Cravath’s New York Office Moves to Two Manhattan West
Cravath’s “market‑leading” Tax Department is known as “one of the best in terms of technical skill, client focus and responsiveness and collaborative approach” (Chambers USA). Our best‑in‑class lawyers bring extensive legal knowledge, sound business judgment and the highest ethical standards to our clients’ most complex tax challenges. We pride ourselves on communicating clearly, tailoring advice appropriately and executing transactions efficiently.
Cravath’s elite Tax Department designs tax‑efficient structures for an array of complex U.S. and non‑U.S. matters involving:
Cravath’s elite Tax Department designs tax‑efficient structures for an array of complex U.S. and non‑U.S. matters involving:
Deals & Cases
September 24, 2024
Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with its $2.4 billion registered senior notes offering. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the world’s largest independent aircraft leasing company. The transaction closed on September 10, 2024.
Deals & Cases
September 19, 2024
Cravath represented the European Investment Bank (“EIB”) in connection with its $5 billion registered notes offering. The purpose of the EIB is to contribute to the balanced and steady development of the internal market among Member States of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on August 27, 2024.
Deals & Cases
September 10, 2024
On September 9, 2024, IBM announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management and customer transformation. Cravath is representing IBM in connection with the transaction.
Deals & Cases
September 05, 2024
On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. (“Frontier”), the largest pure‑play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all‑cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.
Deals & Cases
August 26, 2024
Cravath represented Crown Castle Inc. in connection with its $1.25 billion registered senior notes offering. Crown Castle Inc. is an owner, operator and lessor of shared wireless infrastructure. The transaction closed on August 12, 2024.
Podcasts
September 10, 2024
Ali Denning is a partner in the Trusts and Estates Department at Cravath. In the Season 8 premiere of On Tax, she and fellow Cravath partner and host Len Teti discuss how her diverse interests as an undergraduate led her to test out different paths and eventually pursue a service‑oriented career in law. Ali also talks about the importance of listening and communication in her work and shares her approach to fostering new talent at the Firm.
Activities & Publications
August 06, 2024
On August 1, 2024, Cravath published the latest edition of its Quarterly Review, which examines the Q2 2024 M&A, activism and corporate governance landscape. The Review provides an overview of activity in those areas, highlights notable cases in the M&A space, shares trends in activism activity and notes key developments in corporate governance over the first half of 2024. This edition also examines recent antitrust enforcement actions and updated IRS guidelines for tax‑free spin- and split‑off transactions, alongside recent amendments to the Delaware General Corporation Law related to corporate governance matters.
Activities & Publications
July 23, 2024
On July 23, 2024, Cravath partner Andrew T. Davis participated in “Basics of International Taxation,” a program presented by the Practising Law Institute, in New York. Andrew spoke on a panel entitled “Compliance with Minimum Taxes,” which reviewed the international tax impacts of the United States’ new corporate alternative minimum tax and the global interaction of different enacted minimum taxes.
Accolades
July 22, 2024
On July 17, 2024, Cravath of counsel Kiran Sheffrin was featured as part of Law360’s 2024 “Rising Stars” series as one of the top tax attorneys in the nation under the age of 40. The related profile highlights Kiran’s representation of clients such as Anheuser‑Busch InBev and Valvoline on multibillion‑dollar deals, as well as Mylan in its $50 billion combination with Upjohn to create global pharmaceutical company Viatris.
Accolades
July 01, 2024
On June 28, 2024, Lawdragon announced the inclusion of 31 Cravath partners in its second annual “Lawdragon 500 X – The Next Generation” list. The list recognizes “the future leaders of the law” globally across practice areas for their “talent,” “vision” and “hope.” Cravath lawyers on the list were specifically mentioned with reference to the Firm’s more than 200 years of history, noted as “carrying forward… the accomplishments of generations of lawyers” with fresh thought and ideas.
Deals & Cases
September 24, 2024
Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with its $2.4 billion registered senior notes offering. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the world’s largest independent aircraft leasing company. The transaction closed on September 10, 2024.
Deals & Cases
September 19, 2024
Cravath represented the European Investment Bank (“EIB”) in connection with its $5 billion registered notes offering. The purpose of the EIB is to contribute to the balanced and steady development of the internal market among Member States of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on August 27, 2024.
Deals & Cases
September 10, 2024
On September 9, 2024, IBM announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management and customer transformation. Cravath is representing IBM in connection with the transaction.
Deals & Cases
September 05, 2024
On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. (“Frontier”), the largest pure‑play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all‑cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.
Deals & Cases
August 26, 2024
Cravath represented Crown Castle Inc. in connection with its $1.25 billion registered senior notes offering. Crown Castle Inc. is an owner, operator and lessor of shared wireless infrastructure. The transaction closed on August 12, 2024.
Podcasts
September 10, 2024
Ali Denning is a partner in the Trusts and Estates Department at Cravath. In the Season 8 premiere of On Tax, she and fellow Cravath partner and host Len Teti discuss how her diverse interests as an undergraduate led her to test out different paths and eventually pursue a service‑oriented career in law. Ali also talks about the importance of listening and communication in her work and shares her approach to fostering new talent at the Firm.
Activities & Publications
August 06, 2024
On August 1, 2024, Cravath published the latest edition of its Quarterly Review, which examines the Q2 2024 M&A, activism and corporate governance landscape. The Review provides an overview of activity in those areas, highlights notable cases in the M&A space, shares trends in activism activity and notes key developments in corporate governance over the first half of 2024. This edition also examines recent antitrust enforcement actions and updated IRS guidelines for tax‑free spin- and split‑off transactions, alongside recent amendments to the Delaware General Corporation Law related to corporate governance matters.
Activities & Publications
July 23, 2024
On July 23, 2024, Cravath partner Andrew T. Davis participated in “Basics of International Taxation,” a program presented by the Practising Law Institute, in New York. Andrew spoke on a panel entitled “Compliance with Minimum Taxes,” which reviewed the international tax impacts of the United States’ new corporate alternative minimum tax and the global interaction of different enacted minimum taxes.
Accolades
July 22, 2024
On July 17, 2024, Cravath of counsel Kiran Sheffrin was featured as part of Law360’s 2024 “Rising Stars” series as one of the top tax attorneys in the nation under the age of 40. The related profile highlights Kiran’s representation of clients such as Anheuser‑Busch InBev and Valvoline on multibillion‑dollar deals, as well as Mylan in its $50 billion combination with Upjohn to create global pharmaceutical company Viatris.
Accolades
July 01, 2024
On June 28, 2024, Lawdragon announced the inclusion of 31 Cravath partners in its second annual “Lawdragon 500 X – The Next Generation” list. The list recognizes “the future leaders of the law” globally across practice areas for their “talent,” “vision” and “hope.” Cravath lawyers on the list were specifically mentioned with reference to the Firm’s more than 200 years of history, noted as “carrying forward… the accomplishments of generations of lawyers” with fresh thought and ideas.
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