Four Decades for Justice
Benjamin G. Joseloff, a former White House and U.S. Treasury Department official, focuses his practice on advising U.S. and international clients on the regulatory aspects of cross‑border mergers, acquisitions, dispositions, investments and other business transactions. Mr. Joseloff is known in particular for his expertise on matters relating to the Committee on Foreign Investment in the United States (CFIUS).
Representative transactions include representing:
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022.
Representative transactions include representing:
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022.
American Bar Association
American Society of International Law
International Bar Association
National Security Council’s Outstanding Service Award, 2017
Secretary of the Treasury’s Meritorious Service Award, 2020
Secretary of the Treasury’s Honor Award, 2020
Deals & Cases
April 27, 2023
On April 27, 2023, Deutsche Börse AG, an international exchange organization and market infrastructure provider, and SimCorp A/S, which offers a front‑to‑back investment management platform and ecosystem used by asset owners and managers, entered into a binding agreement pursuant to which Deutsche Börse AG will make an all cash voluntary recommended public takeover offer to acquire all the shares (except treasury shares) in SimCorp A/S at a price of DKK 735.0 per share, adjusted for any dividends or other distributions paid by SimCorp A/S prior to completion of the offer, valuing the entire issued capital of SimCorp A/S at €3.9 billion. In parallel to the takeover of SimCorp A/S, Deutsche Börse AG intends to combine its existing data & analytics subsidiaries Qontigo and ISS under one leadership. Upon completion of the offer, the intended combination of Qontigo/ISS and SimCorp A/S will be grouped within a newly created Investment Management Solutions segment. Cravath is representing Deutsche Börse AG as U.S. counsel in connection with the transactions.
Deals & Cases
April 27, 2023
On April 27, 2023, Jefferies Financial Group, Inc. (“Jefferies”) and Sumitomo Mitsui Banking Corporation (“SMBC”) announced that they have expanded their strategic alliance to collaborate on future corporate and investment banking business opportunities, as well as in equity sales, trading, and research. The expanded alliance also includes joint coverage of designated investment grade clients that have banking relationships with SMBC and will now have dedicated Jefferies investment banking coverage. SMBC will be responsible for credit products and debt capital markets, while Jefferies will be responsible for M&A and equity capital markets. Additionally, SMBC intends to increase its economic ownership of Jefferies to up to 15% on an as converted and fully diluted basis and upon the investment reaching or passing 10%, SMBC will be entitled to designate a new member to Jefferies’ Board of Directors. Cravath is representing Jefferies in connection with the transaction.
Deals & Cases
March 09, 2023
On March 8, 2023, Airspan Networks Holdings (“Airspan”), a provider of software and hardware for 5G networks and a pioneer in end‑to‑end Open RAN solutions that provide interoperability with other vendors, announced the signing of definitive agreements for the sale of Mimosa Networks, Inc. (“Mimosa”) to Radisys Corporation (“Radisys”), a wholly owned subsidiary of Jio Platforms Limited, which is a subsidiary of Reliance Industries Limited, on a debt free, cash free basis. Cravath is representing Airspan in connection with the transaction.
Deals & Cases
March 06, 2023
On March 6, 2023, LexisNexis® Risk Solutions, part of RELX, a global provider of information‑based analytics and decision tools for professional and business customers, announced it has entered into a definitive agreement to acquire Human API, a leading provider of consumer‑driven health data to life insurance and healthcare customers. Cravath is representing RELX in connection with the transaction.
Deals & Cases
March 01, 2023
On March 1, 2023, Radius Global Infrastructure, Inc. (“Radius”), a leading global aggregator of real property interests underlying wireless telecommunications cell sites and other digital infrastructure assets, announced it has entered into a definitive agreement under which EQT Active Core Infrastructure and Public Sector Pension Investment Board (“PSP Investments”) will indirectly acquire Radius for $15.00 per share in cash, representing a total enterprise value of approximately $3 billion. Upon completion of the transaction, Radius will be a privately held company indirectly wholly owned by EQT Active Core Infrastructure and PSP Investments, as well as Radius management. Radius shares will no longer be listed on any public securities exchange. Cravath is representing Radius in connection with the transaction.
Activities & Publications
May 04, 2023
On May 2, 2023, Cravath partners Benjamin Gruenstein and Daniel J. Cerqueira and of counsel Benjamin G. Joseloff participated in the American Bar Association’s 2023 International Law Section Annual Conference, which was held from May 2‑4, 2023 in New York.
Activities & Publications
May 03, 2023
On May 1, 2023, Cravath of counsel Benjamin G. Joseloff participated in a program entitled “Learning to Thrive in an Era of Fragmented Globalization,” which was hosted by the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University in Palo Alto, CA. Ben co‑facilitated a session on the Committee on Foreign Investment in the United States (“CFIUS”) and reverse CFIUS, which explored the challenges of the CFIUS process and the possible parameters of a new outbound investment screening regime.
Activities & Publications
April 13, 2023
On April 12, 2023, Cravath of counsel Benjamin G. Joseloff participated in the 9th National Conference on CFIUS, which was hosted by the American Conference Institute from April 12-14, 2023 in Arlington, VA. Ben spoke on a panel entitled “Introduction to CFIUS Filings: Your A‑to‑Z Guide to the CFIUS Compliance Process, Including Filings, Timelines, Enforcement, and Penalties,” which reviewed the basic regulatory standard necessary for a Committee for Foreign Investment in the United States (“CFIUS”) filing, the national security reasons for CFIUS filings, the scrutiny given to filings and the processing timelines.
Activities & Publications
October 14, 2022
On October 13, 2022, Cravath of counsel Benjamin G. Joseloff participated in the 4th Annual U.S.‑China Trade Controls Conference, which was hosted by the American Conference Institute from October 12‑13, 2022 in Washington, D.C. Ben spoke on a panel entitled “Inbound and Outbound Foreign Direct Investment: Special Considerations for CFIUS and U.S. Investment in China—and the Interplay of Export Controls.” The panelists discussed the interplay of export controls and CFIUS under FIRRMA and reviewed current U.S. restrictions on certain investments in China.
Firm News
June 15, 2022
On June 15, 2022, Cravath elected Benjamin G. Joseloff and Megan Y. Lew as of counsels and Marc J. Khadpe and Jenny X. Zhang as senior attorneys of the Firm.
Benjamin G. Joseloff, a former White House and U.S. Treasury Department official, focuses his practice on advising U.S. and international clients on the regulatory aspects of cross‑border mergers, acquisitions, dispositions, investments and other business transactions. Mr. Joseloff is known in particular for his expertise on matters relating to the Committee on Foreign Investment in the United States (CFIUS).
Representative transactions include representing:
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022.
Representative transactions include representing:
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022.
American Bar Association
American Society of International Law
International Bar Association
National Security Council’s Outstanding Service Award, 2017
Secretary of the Treasury’s Meritorious Service Award, 2020
Secretary of the Treasury’s Honor Award, 2020
Deals & Cases
April 27, 2023
On April 27, 2023, Deutsche Börse AG, an international exchange organization and market infrastructure provider, and SimCorp A/S, which offers a front‑to‑back investment management platform and ecosystem used by asset owners and managers, entered into a binding agreement pursuant to which Deutsche Börse AG will make an all cash voluntary recommended public takeover offer to acquire all the shares (except treasury shares) in SimCorp A/S at a price of DKK 735.0 per share, adjusted for any dividends or other distributions paid by SimCorp A/S prior to completion of the offer, valuing the entire issued capital of SimCorp A/S at €3.9 billion. In parallel to the takeover of SimCorp A/S, Deutsche Börse AG intends to combine its existing data & analytics subsidiaries Qontigo and ISS under one leadership. Upon completion of the offer, the intended combination of Qontigo/ISS and SimCorp A/S will be grouped within a newly created Investment Management Solutions segment. Cravath is representing Deutsche Börse AG as U.S. counsel in connection with the transactions.
Deals & Cases
April 27, 2023
On April 27, 2023, Jefferies Financial Group, Inc. (“Jefferies”) and Sumitomo Mitsui Banking Corporation (“SMBC”) announced that they have expanded their strategic alliance to collaborate on future corporate and investment banking business opportunities, as well as in equity sales, trading, and research. The expanded alliance also includes joint coverage of designated investment grade clients that have banking relationships with SMBC and will now have dedicated Jefferies investment banking coverage. SMBC will be responsible for credit products and debt capital markets, while Jefferies will be responsible for M&A and equity capital markets. Additionally, SMBC intends to increase its economic ownership of Jefferies to up to 15% on an as converted and fully diluted basis and upon the investment reaching or passing 10%, SMBC will be entitled to designate a new member to Jefferies’ Board of Directors. Cravath is representing Jefferies in connection with the transaction.
Deals & Cases
March 09, 2023
On March 8, 2023, Airspan Networks Holdings (“Airspan”), a provider of software and hardware for 5G networks and a pioneer in end‑to‑end Open RAN solutions that provide interoperability with other vendors, announced the signing of definitive agreements for the sale of Mimosa Networks, Inc. (“Mimosa”) to Radisys Corporation (“Radisys”), a wholly owned subsidiary of Jio Platforms Limited, which is a subsidiary of Reliance Industries Limited, on a debt free, cash free basis. Cravath is representing Airspan in connection with the transaction.
Deals & Cases
March 06, 2023
On March 6, 2023, LexisNexis® Risk Solutions, part of RELX, a global provider of information‑based analytics and decision tools for professional and business customers, announced it has entered into a definitive agreement to acquire Human API, a leading provider of consumer‑driven health data to life insurance and healthcare customers. Cravath is representing RELX in connection with the transaction.
Deals & Cases
March 01, 2023
On March 1, 2023, Radius Global Infrastructure, Inc. (“Radius”), a leading global aggregator of real property interests underlying wireless telecommunications cell sites and other digital infrastructure assets, announced it has entered into a definitive agreement under which EQT Active Core Infrastructure and Public Sector Pension Investment Board (“PSP Investments”) will indirectly acquire Radius for $15.00 per share in cash, representing a total enterprise value of approximately $3 billion. Upon completion of the transaction, Radius will be a privately held company indirectly wholly owned by EQT Active Core Infrastructure and PSP Investments, as well as Radius management. Radius shares will no longer be listed on any public securities exchange. Cravath is representing Radius in connection with the transaction.
Activities & Publications
May 04, 2023
On May 2, 2023, Cravath partners Benjamin Gruenstein and Daniel J. Cerqueira and of counsel Benjamin G. Joseloff participated in the American Bar Association’s 2023 International Law Section Annual Conference, which was held from May 2‑4, 2023 in New York.
Activities & Publications
May 03, 2023
On May 1, 2023, Cravath of counsel Benjamin G. Joseloff participated in a program entitled “Learning to Thrive in an Era of Fragmented Globalization,” which was hosted by the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University in Palo Alto, CA. Ben co‑facilitated a session on the Committee on Foreign Investment in the United States (“CFIUS”) and reverse CFIUS, which explored the challenges of the CFIUS process and the possible parameters of a new outbound investment screening regime.
Activities & Publications
April 13, 2023
On April 12, 2023, Cravath of counsel Benjamin G. Joseloff participated in the 9th National Conference on CFIUS, which was hosted by the American Conference Institute from April 12-14, 2023 in Arlington, VA. Ben spoke on a panel entitled “Introduction to CFIUS Filings: Your A‑to‑Z Guide to the CFIUS Compliance Process, Including Filings, Timelines, Enforcement, and Penalties,” which reviewed the basic regulatory standard necessary for a Committee for Foreign Investment in the United States (“CFIUS”) filing, the national security reasons for CFIUS filings, the scrutiny given to filings and the processing timelines.
Activities & Publications
October 14, 2022
On October 13, 2022, Cravath of counsel Benjamin G. Joseloff participated in the 4th Annual U.S.‑China Trade Controls Conference, which was hosted by the American Conference Institute from October 12‑13, 2022 in Washington, D.C. Ben spoke on a panel entitled “Inbound and Outbound Foreign Direct Investment: Special Considerations for CFIUS and U.S. Investment in China—and the Interplay of Export Controls.” The panelists discussed the interplay of export controls and CFIUS under FIRRMA and reviewed current U.S. restrictions on certain investments in China.
Firm News
June 15, 2022
On June 15, 2022, Cravath elected Benjamin G. Joseloff and Megan Y. Lew as of counsels and Marc J. Khadpe and Jenny X. Zhang as senior attorneys of the Firm.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.
Attorney Advertising. © 2023 Cravath, Swaine & Moore LLP.