NEW YORK—Covington received two honors at the 2026 International Financial Law Review (IFLR) Americas Awards, earning CFIUS Team of the Year for the fifth consecutive year and Deal of the Year: M&A for Nippon Steel’s acquisition of U. S. Steel.
The IFLR Americas Awards recognize legal innovation in cross-border transactions, including the sophistication and complexity of the work, the impact of the innovation, and the challenges involved in its execution.
CFIUS Team of the Year
Covington is widely recognized as having the leading practice advising U.S. and non-U.S. firms on the national security review process conducted by CFIUS, as well as related national security regulatory regimes. For more than two decades, Covington has guided clients through complex and cutting-edge CFIUS and national security matters across industries, representing leading investors and major global companies around the world.
Deal of the Year: M&A
Covington advised U. S. Steel on securing CFIUS approval for its finalized partnership with Nippon Steel. Together, Nippon Steel and U. S. Steel form a world-leading steelmaker. The deal protects and creates more than 100,000 jobs and ensures that U. S. Steel will retain its name and headquarters in Pittsburgh, Pennsylvania.