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September 8, 2004
NEW YORK, NY, September 8, 2004 - Covington & Burling announced today that Ruben Kraiem, a leading corporate lawyer specializing in Latin American and other international transactions, has joined the firm as a partner. Mr. Kraiem will be resident in the firm's New York office where he will continue his practice in mergers and acquisitions, financings and private equity investments.
Mr. Kraiem was previously a partner at Paul, Weiss, Rifkind, Wharton & Garrison, LLP in New York. His work in recent years has included the representation of major financial institutions in banking and insurance acquisitions in Mexico, Argentina and elsewhere in Latin America and advice to private equity and other investors in a variety of industries (including telecommunications, real estate development and healthcare) and to fund sponsors or other business clients in the raising of capital (from private sources or public markets) for investment in the region.
"Ruben will add depth to our international corporate practice, particularly in Mexico and elsewhere in Latin America where he is one of the most prominent U.S. based corporate lawyers," said Scott Smith, head of the firm's Corporate Practice. "We have long been active in international m+a, financings and private equity. The firm has been a leader as well in the arbitration and intellectual property areas in Latin America. With Ruben, Covington acquires a highly accomplished corporate capability to complement our existing practice in the region and to further deepen our international efforts."
Stuart Eizenstat, head of Covington's International Practice, said, "Ruben will be an important member of our practice, and will help strengthen our strategic alliance with Kissinger McLarty Associates not only in Latin America but around the world."
"I have long admired Covington & Burling's broad commitment to international practice, and its deep industry and policy knowledge," commented Ruben Kraiem. "I believe Covington is uniquely positioned to combine, in the international area, its substantive expertise in fields such as financial institutions, energy, telecommunications and life sciences, with its leading corporate and litigation practices. I am joining a first rate corporate group and a top notch international practice, all as part of a firm renown for its quality and depth."
Mr. Kraiem is a graduate of Yale University, where he received his B.A. degree in 1978, summa cum laude, and of Harvard Law School, where he received his J.D. degree in 1981, cum laude, and was Articles Editor of The Harvard International Law Journal. He has been a Distinguished Scholar in Residence at the New York University Law School (2002-2003) and an adjunct professor at the Columbia University Business School (1992-1994). Mr. Kraiem will be a Lecturer in Law at Stanford Law School for the January Term, 2005. He is a trustee and chair of the legal committee of the board of trustees of the Natural Resources Defense Council. Mr. Kraiem is a Mexican and United States national.