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
November 21, 2023
On November 21, 2023, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transaction.
Deals & Cases
October 16, 2023
On October 16, 2023, Consolidated Communications Holdings, Inc. (“Consolidated Communications”), a top 10 fiber provider in the United States, announced it has entered into a definitive agreement to be acquired by affiliates of Searchlight Capital Partners, L.P. (“Searchlight”) and British Columbia Investment Management Corporation (“BCI”) in an all‑cash transaction with an enterprise value of approximately $3.1 billion, including the assumption of debt. Under the terms of the agreement, Searchlight and BCI will acquire all of the Consolidated common stock not already owned by Searchlight for $4.70 per share in cash. The proposed transaction has been unanimously approved by a special committee of independent and disinterested directors of Consolidated Communications’ Board of Directors (the “Special Committee”), advised by independent legal and financial advisors, formed to evaluate and consider the proposal and other potential strategic alternatives. The Board of Directors of Consolidated Communications, following recusals of directors affiliated with Searchlight and BCI, has approved the proposed transaction on the unanimous recommendation of the Special Committee. Cravath is representing the Special Committee in connection with the transaction.
Deals & Cases
October 16, 2023
On October 16, 2023, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”), a leading industrial technology holding company, for an enterprise value of $1.91 billion in an all-cash transaction. This transaction represents the next step in Vista Outdoor’s plan to split the company into separate entities. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
September 18, 2023
On September 18, 2023, OMERS Private Equity announced the signing of a definitive agreement to acquire a majority stake in Knight Commercial, a leading provider of commercial restoration services. Cravath is representing OMERS Private Equity in connection with the transaction.
Deals & Cases
September 12, 2023
On September 12, 2023, the Boards of WestRock and Smurfit Kappa announced the signing of a definitive transaction agreement to create Smurfit WestRock, a global leader in sustainable packaging. Together, Smurfit Kappa and WestRock generated combined last twelve months’ adjusted annual revenue of approximately $34 billion as of June 30, 2023. Cravath is representing WestRock in connection with the transaction.
Activities & Publications
November 20, 2023
Cravath of counsel Benjamin G. Joseloff and partners George F. Schoen and G.J. Ligelis Jr. co‑authored the U.S. chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2024,” which was published by Global Legal Group on November 16, 2023. The chapter examines U.S. foreign investment review policy and the law, regulations and procedures of the Committee on Foreign Investment in the United States (CFIUS), including both jurisdictional and substantive considerations as well as recent developments.
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.
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
November 21, 2023
On November 21, 2023, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transaction.
Deals & Cases
October 16, 2023
On October 16, 2023, Consolidated Communications Holdings, Inc. (“Consolidated Communications”), a top 10 fiber provider in the United States, announced it has entered into a definitive agreement to be acquired by affiliates of Searchlight Capital Partners, L.P. (“Searchlight”) and British Columbia Investment Management Corporation (“BCI”) in an all‑cash transaction with an enterprise value of approximately $3.1 billion, including the assumption of debt. Under the terms of the agreement, Searchlight and BCI will acquire all of the Consolidated common stock not already owned by Searchlight for $4.70 per share in cash. The proposed transaction has been unanimously approved by a special committee of independent and disinterested directors of Consolidated Communications’ Board of Directors (the “Special Committee”), advised by independent legal and financial advisors, formed to evaluate and consider the proposal and other potential strategic alternatives. The Board of Directors of Consolidated Communications, following recusals of directors affiliated with Searchlight and BCI, has approved the proposed transaction on the unanimous recommendation of the Special Committee. Cravath is representing the Special Committee in connection with the transaction.
Deals & Cases
October 16, 2023
On October 16, 2023, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”), a leading industrial technology holding company, for an enterprise value of $1.91 billion in an all-cash transaction. This transaction represents the next step in Vista Outdoor’s plan to split the company into separate entities. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
September 18, 2023
On September 18, 2023, OMERS Private Equity announced the signing of a definitive agreement to acquire a majority stake in Knight Commercial, a leading provider of commercial restoration services. Cravath is representing OMERS Private Equity in connection with the transaction.
Deals & Cases
September 12, 2023
On September 12, 2023, the Boards of WestRock and Smurfit Kappa announced the signing of a definitive transaction agreement to create Smurfit WestRock, a global leader in sustainable packaging. Together, Smurfit Kappa and WestRock generated combined last twelve months’ adjusted annual revenue of approximately $34 billion as of June 30, 2023. Cravath is representing WestRock in connection with the transaction.
Activities & Publications
November 20, 2023
Cravath of counsel Benjamin G. Joseloff and partners George F. Schoen and G.J. Ligelis Jr. co‑authored the U.S. chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2024,” which was published by Global Legal Group on November 16, 2023. The chapter examines U.S. foreign investment review policy and the law, regulations and procedures of the Committee on Foreign Investment in the United States (CFIUS), including both jurisdictional and substantive considerations as well as recent developments.
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.
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