Andrew C.
Compton

Cravath represented Syrah Resources Limited (“Syrah”), as sponsor, and its subsidiary, Twigg Exploration & Mining, Limitada, as borrower, in connection with a loan from the United States International Development Finance Corporation (“DFC”). Syrah, together with its subsidiaries, is strategically positioned as the first vertically integrated ex‑China natural graphite active anode material supplier for battery and electric vehicle manufacturers globally. Proceeds of the DFC loan will be used to fund capital requirements at the Balama Graphite Operation in Mozambique, the largest graphite mining and processing operation in the world. Graphite produced at Balama is shipped to global battery anode and industrial customers and is being processed at Syrah’s active anode material facility in Louisiana. DFC’s investment will support Syrah in preparation for increased sales to ex‑China anode customers, bolstering the U.S. supply chain for critical minerals. The transaction closed on November 8, 2024.

In the summer of 2025, Cravath partner Andrew C. Compton was elected Vice Chair of the Board of Directors for the Lawyers Alliance for New York. The Lawyers Alliance is a provider of pro bono business and transactional legal services for nonprofit organizations and social enterprises that improve the quality of life for people in low‑income communities throughout New York City. Cravath has worked with the organization since 2001. Andrew has served on the Lawyers Alliance Board of Directors for three years, and additionally serves as Chair of its Investment Committee.

On September 12, 2025, Cravath prepared a memo for its clients entitled “IRS Publishes Guidance for Determining Beginning of Construction for Solar and Wind Projects.” The memo examines the Internal Revenue Service’s recently issued Notice 2025-42 (“New Guidance”), which sets forth new rules for determining “beginning of construction” for solar and wind projects seeking to claim clean electricity credits under Sections 45Y and 48E of the Internal Revenue Code.

On July 7, 2025, Cravath prepared a memo for its clients entitled “‘One Big Beautiful Bill’ Enacted: Impact on Clean Energy Incentives.” The memo examines the implications for certain clean energy incentives resulting from the budget reconciliation legislation (H.R. 1) commonly referred to as the “One Big Beautiful Bill,” which was signed into law by the president on July 4, 2025.

On May 23, 2025, Cravath prepared a memo for its clients entitled “House Passes One Big Beautiful Bill: Implications for Clean Energy Incentives.” The memo examines implications for certain clean energy incentives resulting from legislation known as the One Big Beautiful Bill, which was passed by the House of Representatives on May 22, 2025. The Bill will now be sent to the Senate and can be passed by a simple majority vote and sent to the president to be signed into law under the Senate’s “reconciliation rules”; however, the Senate is expected to propose further modifications to the clean energy-related provisions of the Bill.

On May 1, 2025, Cravath prepared a memo for its clients entitled “New Executive Order: Enhancing Offshore Critical Mineral Development,” which examines the recently issued executive order, “Unleashing America’s Offshore Critical Minerals and Resources.” The order outlines the administration’s policy objectives for the United States to become a leader in seabed mineral development and mandates certain actions to be undertaken by various federal agencies over the next 60 days in advancement of these policy objectives, including expediting the permitting process for seabed mining, developing a plan to map priority areas of the seabed, and engaging with key partners and allies to jointly develop seabed mineral resources.