On May 28, 2026, Cravath of counsel Kathryn-Ann Stamm was honored at The Legal Benchmarking Group’s Women in Business Law Americas Awards in New York, where she was recognized as the 2026 “North America Intellectual Property Rising Star.” Now in its 15th year, the Awards program recognizes leading legal practitioners who are breaking new ground in their areas of expertise.

On June 1, 2026, Cravath announced that Michael Patrick Daly has joined the Firm’s Washington, D.C. office as a partner, following more than a decade of experience within the National Security Division (“NSD”) of the United States Department of Justice (“DOJ”).

On May 28, 2026, Cravath published the latest edition of its Artificial Intelligence Developments Newsletter, which includes a high‑level review of activity across technical, regulatory, legal, and market areas of AI over the last month.  

The Turnaround Management Association’s Journal of Corporate Renewal published an article by Cravath partners George E. Zobitz, Paul H. Zumbro and Evan A. Hill in its May 2026 issue. The article, entitled “Why Buyers Are Increasingly Turning to State Law to Acquire Distressed Assets,” discusses how buyers are using state law mechanisms like Uniform Commercial Code (UCC) Article 9 sales and assignments for the benefit of creditors (ABCs) to acquire distressed assets more efficiently than through Chapter 11 bankruptcy sales. The piece also reviews key implications for deal practice, emphasizing the importance of early coordination among stakeholders, conducting a credible marketing and valuation process and, if the buyer is a secured creditor, early consideration of a credit bidding strategy.

Cravath represented Booking Holdings Inc. in connection with its €1.9 billion registered senior notes offering and concurrent $750 million registered senior notes offering. Booking Holdings Inc. is a leading provider of online travel and travel-related reservation and search services. The transactions closed on May 11, 2026 and May 7, 2026, respectively.  

On May 22, 2026, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the first quarter of 2026. Highlights from this edition include:

On May 22, 2026, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, restructuring, regulatory and corporate governance landscape. This edition covers:

On May 21, 2026, Cravath partner Evan A. Hill participated in the American Bankruptcy Institute’s 2026 New York City Bankruptcy Conference. The program, which featured insolvency and restructuring professionals from around the New York metro area, provided attendees with practical techniques and tips for meeting the challenges of today’s evolving insolvency landscape. Evan spoke on a panel entitled “Bankruptcy Sales: From Rocky Roads to Detours and Deals,” which discussed how creative bankruptcy strategies can help companies overcome substantial challenges and ultimately lead to successful outcomes.

On May 22, 2026, Lawdragon announced the inclusion of 19 Cravath partners in its annual list of the “500 Leading Global Litigators.” The list, assembled based on research and vetting by peers, celebrates the lawyers who dazzle with their fluency in law, language and global business alongside their commitment to the rule of law as a framework for addressing differences.

On May 19, 2026, Cravath partner Nicholas A. Dorsey participated in the International Bar Association’s 10th Global Entrepreneurship Conference: Legal Challenges in Closely Held Businesses: Strategies for Success and Sustainability, which was held May 17-19, 2026 in Vienna, Austria. Nick co-chaired a session entitled “Venture Capital: Traditional vs. Corporate Investment Approaches,” which explored the balance between financial return and strategic value, the differences in decision-making flexibility and how access to corporate and family office resources can shape both investment outcomes and innovation potential.

Cravath represented the underwriters in connection with the $750 million registered notes offering of Canadian National Railway Company. Canadian National Railway Company engages in the rail and related transportation business. The transaction closed on May 12, 2026.

Patrick Urda is the Chief Judge of the United States Tax Court. In this episode of On Tax, he and Cravath partner and host Len Teti talk about Chief Judge Urda’s path to the federal government and the professional friendships, chance encounters and open‑mindedness that led him there. Chief Judge Urda also reflects on the influence his family has had on his career and what he most enjoys about his current role.

On May 19, 2026, Cravath prepared a memo for its clients entitled “SEC Proposes Rule Amendments to Permit Optional Semiannual Reporting.” The memo examines the U.S. Securities and Exchange Commission’s recently proposed rule amendments that would allow SEC registrants required to file three quarterly reports per fiscal year under existing rules to elect to file a single semiannual report instead.

Cravath represented the underwriters in connection with the $750 million registered senior notes offering of CBRE Services, Inc., a direct wholly‑owned subsidiary of CBRE Group, Inc., the world’s largest commercial real estate services and investment firm. The transaction closed on May 4, 2026.  

On May 17, 2026, Cravath partner David J. Kappos participated in the Best Practices in Intellectual Property 12th Annual Conference, which was hosted by Intellectual Property Resources in Tel Aviv and featured global decision‑makers and leading IP professionals to discuss global IP issues, trends and legislation. Dave served as one of the program’s co‑chairs and delivered opening remarks. He also participated in a fireside chat entitled “IP in the Geopolitical Race,” and spoke on a panel entitled “AI Issues in Strategic Agreements.” Dave also moderated a panel entitled “SEPs, Patent Pools and Platform Issues.”  

On May 12, 2026, Cravath published a memo for its clients entitled “Converting to a National Bank Charter.” The memo examines a recent increase in the number of state‑chartered banks seeking to become national banks and discusses the charter application process as well as certain associated benefits and other considerations.

On May 8, 2026, Lawdragon announced the inclusion of 6 Cravath partners in its annual list of the “500 Leading Global Cyber Lawyers.” The list, assembled based on research and vetting by peers, celebrates the lawyers who handle the most sensitive online threats to protect data and national security, fight for the digital rights of consumers against negligent companies and navigate the insurance, fintech and compliance aspects of complex tech transactions.

On May 8, 2026, Array Digital Infrastructure, Inc. (“Array”) confirmed that its board of directors has received a non‑binding proposal from Telephone and Data Systems, Inc. (“TDS”) to acquire all of the outstanding common shares of Array not currently owned by TDS. Currently, TDS owns approximately 81.9% of the outstanding capital stock of and 95.9% of the voting interests in Array. The proposal is conditioned on, among other things, the recommendation of a special committee of disinterested and independent directors of Array and the approval by a majority of the votes cast by disinterested stockholders. Cravath is representing the special committee in connection with the proposal.

Cravath represented the underwriters in connection with the $1.5 billion registered fixed‑to‑floating rate senior notes offering of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on April 24, 2026.

Cravath represented the European Investment Bank (“EIB”) in connection with its $4 billion SEC‑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 April 21, 2026.