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January 22, 2020
Law360 Names Cravath a 2019 "Tax Practice Group of the Year"

On January 21, 2020, Cravath was featured as one of Law360’s “Tax Practice Groups of the Year,” for its role “on the frontlines of some of the year’s most noteworthy tax developments.” The article highlights the tax group’s work on a variety of complex global transactions.

Partner Kara L. Mungovan discussed the Firm’s representation of Occidental Petroleum Corporation in its $57 billion acquisition of Anadarko Petroleum Corporation, a deal that involved advising on the tax implications of three separate transactions including a $10 billion equity investment from Berkshire Hathaway, Inc. and the selling of Anadarko assets to TOTAL S.A. for $8.8 billion in cash. Partner J. Leonard Teti II spoke about tax considerations involved in the Firm’s representation of Mylan N.V. in its $50 billion merger with Upjohn, a division of Pfizer Inc., which required cross‑border collaboration across multiple jurisdictions.

The feature also noted Cravath’s tax team’s work related to Viacom Inc.’s combination with CBS Corp., which involved identifying tax structures favorable to the various interested stakeholders, and its representation of New Media Investment Group Inc. in its acquisition of Gannett Co., Inc., which brings together the portfolios of two leading newspaper companies.

Please click here to read the article.