The Chambers USA Awards 2026 named Cravath a finalist in its Antitrust and Corporate/M&A practice area categories. The awards celebrate the achievements of leading law firms and lawyers operating across the United States, recognizing those who demonstrate excellence in legal practice, innovation and sustained performance at the highest level. The winners will be announced on June 11, 2026 at an awards ceremony in New York.

On March 20, 2026, Cravath partner G.J. Ligelis Jr. participated in the 38th Annual Tulane Corporate Law Institute, which was hosted by Tulane University Law School from March 19‑20 in New Orleans, Louisiana. The event featured discussions between M&A and securities practitioners, Delaware Supreme Court and Court of Chancery judiciary, corporate counsel and investment bankers on topics in M&A, corporate and securities law. G.J. spoke on a panel entitled “The Shareholder Proposal Process.”

Cravath represented the initial purchasers in connection with the $700 million 144A/Reg. S high‑yield senior notes offering of The Chemours Company a leading, global provider of performance chemicals. The transaction closed on March 12, 2026.

Cravath partners Andrew C. Finch and Noah Joshua Phillips participated in the American Bar Association’s 2026 Antitrust Spring Meeting, which was held from March 25‑27, 2026, in Washington, D.C. The meeting is a gathering of academics, economists, enforcers and legal service providers, as well as competition, consumer protection and data privacy professionals to share domestic and international perspectives on competition, consumer protection and data privacy law.

On March 24, 2026, Cravath partners Robert I. Townsend III, Michael E. Mariani and Jin‑Kyu Baek were featured as 2026 “Dealmakers of the Year” by The American Lawyer in recognition of their representation of Kenvue in its $48.7 billion acquisition by Kimberly‑Clark. Putting together two companies of their size “is always a complex process,” said Mike. Added Bob, “from the Kenvue perspective, there was definitely a desire to either get to a transaction or pursue one of the other strategic alternatives” the board had considered – “it was a tremendous effort by the entire [Kenvue] management team.”

On March 23, 2026, Cravath partner Daniel J. Cerqueira participated in the International Bar Association’s “Mergers and Acquisitions in Latin America — Building Bridges Through Business: Rethinking M&A in the Americas,” which took place from March 23‑25 in Punta del Este, Uruguay. Dan co‑chaired a session entitled “Cross‑Border M&A: Legal and Regulatory Challenges in Latin America,” which examined issues surrounding the navigation of complex legal, regulatory, cultural and compliance‑related challenges in cross‑border deals.

On March 24, 2026, Cravath partner Elad Roisman participated in Blockworks’ Digital Asset Summit 2026 in New York. The summit hosted asset managers, financial institutions, crypto service providers, allocators and policy makers and regulators to discuss onchain institutional finance, digital assets in public markets, stablecoins and global payments, DeFi and risk management and U.S. and global digital asset policy. Elad interviewed SEC Chairman Paul Atkins in a keynote conversation.

Cravath partner Elad Roisman participated in “The SEC Speaks in 2026,” a program presented by the Practising Law Institute in cooperation with the U.S. Securities and Exchange Commission from March 19‑20, 2026, in Washington, D.C. The program provided an essential update on the current initiatives and priorities at the Commission through panel discussions by senior staff at the Divisions of Investment Management, Trading and Markets, Corporation Finance, Enforcement, Examinations and Economic and Risk Analysis, and the Offices of the Chief Accountant, General Counsel and more. Elad moderated the Division of Corporation Finance and Division of Trading and Markets panels alongside other former SEC Commissioners.

On March 24, 2026, Cravath partner Evan A. Hill participated in The M&A Advisor’s 2026 Distressed Investing Summit, which took place from March 23‑24 in Palm Beach, Florida. The summit gathered industry leaders to discuss key challenges and opportunities in distressed investing and restructuring. Evan spoke in a fireside chat with Wilbur Ross, former U.S. Secretary of Commerce, during a session entitled “Risks & Returns: Creating Success in Business and Life.”

Cravath represented the underwriters in connection with the $500 million registered senior notes offering of Essential Utilities, Inc., a holding company for regulated utilities providing water, wastewater or natural gas services to an estimated 5.5 million people in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. The transaction closed on March 9, 2026.

On March 23, 2026, Cravath prepared a memo for its clients entitled “SEC Issues Interpretation on Application of Securities Laws to Crypto Assets.” The memo examines an interpretation and guidance issued by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission clarifying the application of federal securities laws to certain crypto assets and transactions involving crypto assets.

On March 17, 2026, Cravath partner Steven Seltzer participated in the International Swaps and Derivatives Association’s (“ISDA”) Introduction to Equity Derivatives – Equity Derivatives Products and ISDA Equity Derivatives Definitions online conference. Steve spoke during a session entitled “ISDA Equity Derivatives Documentation and ISDA Equity Definitions,” which discussed derivatives documentation structures, including master equity confirmation agreements, valuation, payment and delivery and analyzed market disruption events under the ISDA Equity Definitions.

On March 18, 2026, Cravath partner David J. Kappos co‑chaired and delivered opening and closing remarks and participated in a panel at the International Trademark Association’s (“INTA”) “The Business of M&A: Navigating the Convergence of Intangible Assets and Capital in the Age of AI” in New York. The program explored how intangible assets are reshaping deal structures, valuation models, deal terms and post‑close integration strategies across industries.

Cravath represented the underwriters in connection with the $1.2 billion registered notes offering of Howmet Aerospace Inc., a leading global provider of advanced engineered solutions for the aerospace and transportation industries. Proceeds of the offering will be used to partially finance Howmet Aerospace Inc.’s acquisition of Consolidated Aerospace Manufacturing, LLC. The transaction closed on March 3, 2026.

Chris Fargo is a partner in the Tax Department at Cravath. In the Season 11 premiere of On Tax, he and fellow Cravath partner and host Len Teti talk about how an unexpectedly interesting tax class in law school led Chris to his current role at the Firm and the challenging and exciting client work he’s been involved in ever since. Chris also discusses how his lawyering skillset has evolved over time and shares advice for young lawyers transitioning from law school to practice.

On March 16, 2026, Cravath prepared a memo for its clients entitled “IRS Interim Guidance on FEOC Rules: Compliance with the Material Assistance Restrictions.” The memo discusses Notice 2026‑15 issued by the Department of the Treasury and the Internal Revenue Service on February 12, 2026, in connection with the foreign entity of concern (“FEOC”) rules that were expanded under the One Big Beautiful Bill Act (the “OBBBA”). The FEOC rules apply to taxpayers claiming tax credits under Sections 45Y, 48E and 45X of the Internal Revenue Code. The notice primarily provides interim guidance regarding the “material assistance” restrictions under the OBBBA, including the calculation methodologies for determining compliance and availability of certain interim safe harbors for certain technologies.

Cravath partner Nicole M. Argentieri participated in the American Bar Association’s 2026 White Collar Crime Institute, which was held from March 10‑13, 2026, in San Diego, California. The event featured sessions with leading practitioners, in‑house counsel, judges, academics and enforcement officials on pressing legal, regulatory and ethical issues impacting the white collar landscape today, covering topics including cybersecurity, cryptocurrencies, money laundering, international law and other critical areas shaping the practice.

On March 11, 2026, Cravath of counsel Scott B. Reents participated in Legalweek 2026, which took place from March 9‑12 in New York. Scott spoke on a panel entitled “Tech‑Driven Legal Innovation,” which discussed the latest AI innovations in law firms and legal departments, the implications of AI for litigation and discovery and predictions for the next wave of legal innovations.

On March 11, 2026, at its annual U.S. Awards in New York, Benchmark Litigation honored Cravath partner Antony L. Ryan as its “Securities Litigator of the Year.” The awards recognize “the country’s most distinguished litigators and their firms for their exemplary work over the past twelve months.” At the awards ceremony, Benchmark Litigation highlighted Antony’s successful representation of Robinhood in the sprawling and high‑profile “meme stock” litigation. 

Cravath represented the underwriters in connection with the $2.5 billion registered senior notes offering of Royal Caribbean Cruises Ltd., a global cruise company. The notes were listed on The International Stock Exchange. The transaction closed on February 27, 2026.