Covington Wins Two American Lawyer Global Legal Awards

Covington Wins Two American Lawyer Global Legal Awards

August 11, 2017

WASHINGTON—The American Lawyer honored Covington with two Global Legal Awards, recognizing the firm’s success in “navigating complex international legal issues.” The firm was recognized for “Global M&A Deal of the Year: Japan” and “Global Dispute of the Year: Investigations (Asia).”

Covington advised Tencent Holdings Limited, a leading provider of internet service in China, in connection with its acquisition of a majority stake in Supercell, the creator of Clash of Clans, Clash Royale, Boom Beach, and Hay Day, from SoftBank. A consortium established by Tencent acquired up to 84% of Supercell for $8.6 billion in a transaction valuing Supercell at approximately $10.2 billion.

Covington represented Takata in connection with a criminal investigation of the company's handling of data and information related to the manufacture of its airbags. In addition to conducting an internal investigation, Covington negotiated a resolution on behalf of the company with the U.S. Department of Justice's Criminal Division in Washington and the U.S. Attorney's Office for the Eastern District of Michigan.