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September 25, 2014
WASHINGTON, DC, September 25, 2014 — Covington & Burling has been named “International Firm of the Year for Trade” by China Law & Practice magazine. The award recognizes Covington’s “innovation, complexity, and market impact” and is “based on the extent to which their work has influenced the legal market and benefited the quality and development of China’s legal landscape.” ”We are honored to receive this award at a time when trade negotiations between China and both the U.S. and the EU are helping to shape what the business landscape in China will look like for foreign companies over the next decade,” said Tim Stratford, Managing Partner of Covington’s Beijing office. China Law & Practice is part of Euromoney Institutional Investor’s Legal Media Group, which also publishes International Financial Law Review (IFLR) and Managing Intellectual Property. The award was presented on September 18, 2014 at the publication’s annual awards ceremony in Beijing. In addition, China Business Law Journal honored Covington with two “Deal of the Year” awards for advising Wanxiang on its $256.6 million acquisition of A123 Systems and for advising Stryker on its $760 million acquisition of Trauson. China Business Law Journal is published by Vantage Asia Publishing Limited, an independent publisher based in Hong Kong. Covington’s international lawyers have assisted numerous private companies and governmental entities address market access and other concerns affecting foreign companies doing business in China including in the context of trade negotiations between China and other countries. The group also advises on international trade compliance, including export controls, economic sanctions, national security reviews of foreign investments, anti-corruption laws, market access, protection of intellectual property, standards-setting, and international trade disputes.