Four Decades for Justice
Cravath has been a leading advisor to a broad array of financial institutions, insurers and reinsurers for decades, including in some of the largest and most important transactions and cases in recent history. Our clients include commercial banks, including both U.S. and non-U.S. money‑center banks and large U.S. regional banks, investment banks, broker‑dealers, non‑traditional lending sources, fintech companies and non-bank firms, private equity funds, hedge funds, asset managers and investment advisors. We also represent diversified insurance and related financial services companies and leaders in the property and casualty insurance and reinsurance markets.
Our transactional capabilities include representing these clients, or their boards of directors, in connection with mergers, acquisitions, divestitures, spin-offs, regulatory matters, bank financings and capital market activities, as well as environmental, social and governance (“ESG”) considerations. Over the years, we have advised on groundbreaking deals employing first-use structures, handled critical transactions and assisted companies in navigating some of the most significant financial crises and post-crisis matters in this sector.
Our litigators routinely tackle the largest and most significant cases in the industry, representing financial institutions (or their outside directors or special committees) in securities class actions—including serving as nationwide coordinating counsel—antitrust class actions, RICO class actions, mergers & acquisitions litigation, bankruptcy litigation and shareholder derivative actions, as well as litigation arising under the Alien Tort Statute and matters involving non-U.S. law. Our litigators handle matters at the trial and appellate levels, in arbitrations and before government and regulatory bodies. In addition, our investigations team is a trusted advisor to financial institutions, their boards of directors and their senior executives regarding internal and government investigations, regulatory enforcement proceedings and white collar criminal defense matters involving the full range of corporate crises.
Our transactional capabilities include representing these clients, or their boards of directors, in connection with mergers, acquisitions, divestitures, spin-offs, regulatory matters, bank financings and capital market activities, as well as environmental, social and governance (“ESG”) considerations. Over the years, we have advised on groundbreaking deals employing first-use structures, handled critical transactions and assisted companies in navigating some of the most significant financial crises and post-crisis matters in this sector.
Our litigators routinely tackle the largest and most significant cases in the industry, representing financial institutions (or their outside directors or special committees) in securities class actions—including serving as nationwide coordinating counsel—antitrust class actions, RICO class actions, mergers & acquisitions litigation, bankruptcy litigation and shareholder derivative actions, as well as litigation arising under the Alien Tort Statute and matters involving non-U.S. law. Our litigators handle matters at the trial and appellate levels, in arbitrations and before government and regulatory bodies. In addition, our investigations team is a trusted advisor to financial institutions, their boards of directors and their senior executives regarding internal and government investigations, regulatory enforcement proceedings and white collar criminal defense matters involving the full range of corporate crises.
Deals & Cases
March 18, 2024
Cravath represented the underwriters in connection with the $1.5 billion registered notes offering of HSBC USA Inc., an indirect wholly owned subsidiary of HSBC Holdings plc, a global financial services company. The transaction closed on March 4, 2024.
Deals & Cases
March 12, 2024
Cravath represented the initial purchasers in connection with the $400 million 144A/Reg. S high-yield senior notes offering of goeasy Ltd., a leading full-service provider of goods and alternative financial services that improve the lives of everyday Canadians. The transaction closed on February 23, 2024.
Deals & Cases
March 08, 2024
Cravath represented the underwriters in connection with the $500 million registered senior notes offering of CBRE Services, Inc., a direct wholly‑owned subsidiary of CBRE Group, Inc. CBRE is the world’s largest commercial real estate services and investment firm, based on 2022 revenue. The transaction closed on February 23, 2024.
Deals & Cases
February 27, 2024
Cravath represented the European Investment Bank (“EIB”) in connection with its $4 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 February 13, 2024.
Deals & Cases
February 23, 2024
Cravath represented the underwriters in connection with the $500 million registered notes offering of CNA Financial Corporation, a global insurance organization serving businesses with a broad range of commercial property and casualty insurance products, including surety, and insurance‑related services. The transaction closed on February 9, 2024.
Activities & Publications
March 18, 2024
On March 14, 2024, Cravath hosted its 2024 Web3 Regulatory Forum at its offices in New York. The event brought together lawyers from the Firm, market participants, executives, investors and others for presentations by practitioners, current and former regulators, and interactive roundtables examining the most significant regulatory developments in the digital assets and Web3 space.
Activities & Publications
March 12, 2024
On March 12, 2024, Cravath partner Jeffrey T. Dinwoodie published a short essay in the Yale Journal on Regulation’s Notice & Comment blog entitled “A Way Forward for the SEC and Crypto: The SEC’s History of Tailoring Regulatory Frameworks for Nontraditional Securities.” It discusses the SEC’s history of tailoring the securities regulatory framework to the structural features, uses and risks of nontraditional securities—e.g., asset-backed securities, options and security-based swaps. The essay argues that “investors and the market generally would benefit if the SEC would begin the necessary—and inevitable—work of systematically evaluating and developing a regulatory regime for cryptoasset securities.”
Activities & Publications
February 12, 2024
Cravath partner Minh Van Ngo served as contributing editor of Lexology Panoramic’s “Financial Services M&A” guide, which was published in February 2024 and examines key developments and trends in global M&A activity in the financial services sector. The introduction outlines the macroeconomic headwinds and geopolitical uncertainty impacting global dealmaking. Minh also authored the U.S. chapter, which provides an overview of the current market climate for financial services M&A in the United States and details the legal and regulatory framework, pricing and financing and strategic considerations for deals.
Activities & Publications
February 07, 2024
On February 6, 2024, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides an update on the bond, equity and loan markets and on restructuring activity during the fourth quarter of 2023. This edition also examines several recent litigation decisions, including in bankruptcy court, notable developments on digital asset regulation, updates on interest rate benchmarks and a variety of SEC rulemaking, comment and enforcement updates.
Activities & Publications
February 07, 2024
On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”
Deals & Cases
March 18, 2024
Cravath represented the underwriters in connection with the $1.5 billion registered notes offering of HSBC USA Inc., an indirect wholly owned subsidiary of HSBC Holdings plc, a global financial services company. The transaction closed on March 4, 2024.
Deals & Cases
March 12, 2024
Cravath represented the initial purchasers in connection with the $400 million 144A/Reg. S high-yield senior notes offering of goeasy Ltd., a leading full-service provider of goods and alternative financial services that improve the lives of everyday Canadians. The transaction closed on February 23, 2024.
Deals & Cases
March 08, 2024
Cravath represented the underwriters in connection with the $500 million registered senior notes offering of CBRE Services, Inc., a direct wholly‑owned subsidiary of CBRE Group, Inc. CBRE is the world’s largest commercial real estate services and investment firm, based on 2022 revenue. The transaction closed on February 23, 2024.
Deals & Cases
February 27, 2024
Cravath represented the European Investment Bank (“EIB”) in connection with its $4 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 February 13, 2024.
Deals & Cases
February 23, 2024
Cravath represented the underwriters in connection with the $500 million registered notes offering of CNA Financial Corporation, a global insurance organization serving businesses with a broad range of commercial property and casualty insurance products, including surety, and insurance‑related services. The transaction closed on February 9, 2024.
Activities & Publications
March 18, 2024
On March 14, 2024, Cravath hosted its 2024 Web3 Regulatory Forum at its offices in New York. The event brought together lawyers from the Firm, market participants, executives, investors and others for presentations by practitioners, current and former regulators, and interactive roundtables examining the most significant regulatory developments in the digital assets and Web3 space.
Activities & Publications
March 12, 2024
On March 12, 2024, Cravath partner Jeffrey T. Dinwoodie published a short essay in the Yale Journal on Regulation’s Notice & Comment blog entitled “A Way Forward for the SEC and Crypto: The SEC’s History of Tailoring Regulatory Frameworks for Nontraditional Securities.” It discusses the SEC’s history of tailoring the securities regulatory framework to the structural features, uses and risks of nontraditional securities—e.g., asset-backed securities, options and security-based swaps. The essay argues that “investors and the market generally would benefit if the SEC would begin the necessary—and inevitable—work of systematically evaluating and developing a regulatory regime for cryptoasset securities.”
Activities & Publications
February 12, 2024
Cravath partner Minh Van Ngo served as contributing editor of Lexology Panoramic’s “Financial Services M&A” guide, which was published in February 2024 and examines key developments and trends in global M&A activity in the financial services sector. The introduction outlines the macroeconomic headwinds and geopolitical uncertainty impacting global dealmaking. Minh also authored the U.S. chapter, which provides an overview of the current market climate for financial services M&A in the United States and details the legal and regulatory framework, pricing and financing and strategic considerations for deals.
Activities & Publications
February 07, 2024
On February 6, 2024, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides an update on the bond, equity and loan markets and on restructuring activity during the fourth quarter of 2023. This edition also examines several recent litigation decisions, including in bankruptcy court, notable developments on digital asset regulation, updates on interest rate benchmarks and a variety of SEC rulemaking, comment and enforcement updates.
Activities & Publications
February 07, 2024
On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”
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