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November 11, 2004
WASHINGTON, D.C., November 11, 2004 - Covington & Burling announced today that William W. Chip, a prominent lawyer focusing on international tax and transfer pricing, has joined the firm as a partner. Mr. Chip will be resident in the firm's Washington, D.C. office.
Mr. Chip has deep technical and transactional experience deriving from more than twenty-five years as a tax practitioner. His clients have included multinational banks, securities firms, commodity traders, and oil companies headquartered in the U.S. and the European Union. Mr. Chip has advised clients on a variety of cross-border business transactions as well as on the settlement of tax controversies before the IRS, in litigation, and in Competent Authority proceedings. He has developed special expertise in inbound investment and cross-border transfer pricing, including the negotiation of Advance Pricing Agreements.
Stuart Stock, chair of Covington's management committee, said: "Bill Chip, a much-admired tax practitioner, will add strength and industry expertise to the ranks of our domestic and international tax practice."
Most recently, Mr. Chip was a partner at Deloitte & Touche in Washington, D.C. and New York City, where he served as lead tax partner for a number of the firm's major global clients. During his time at Deloitte & Touche, Mr. Chip advised clients on the international tax aspects of business globalization, strategic acquisitions, joint ventures, and the integration of acquired and pre-existing businesses. As lead tax partner for global clients, he was responsible for building and supervising large, diverse teams of tax advisers in both U.S. and foreign offices of the firm.
Mr. Chip is a graduate of Yale (B.A., magna cum laude, 1971) and Cambridge (M.A., first class honors, 1973). He received his law degree in 1979 from Yale, where he served as an editor of the Yale Law Journal. Mr. Chip has published extensively on topics related to U.S. taxation, and he currently chairs the Tax Committee of the European American Business Council, the Transfer Pricing Subcommittee of the U.S. Council on International Business, and the OECD Subcommittee of the ABA Taxation Section's Committee on Foreign Activities.