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Damara Chambers
Damara L. Chambers
Of Counsel
Washington +1 202 662 5279 dchambers@cov.com Download V-card

Damara Chambers advises clients on cross-border investment and national security matters, including national security reviews by the Committee on Foreign Investment in the United States (CFIUS), and on the application of international trade controls, including export controls and economic sanctions.

Ms. Chambers is recognized in Chambers USA for her extensive experience advising clients before CFIUS and advising companies regarding the mitigation of foreign ownership, control or influence (FOCI) under national industrial security regulations administered by the Defense Security Service (DSS) and Department of Energy.

  • Advised GLOBALFOUNDRIES, a subsidiary of Mubadala Development Company, in securing CFIUS and FOCI approval for its acquisition of the IBM Microelectronics Division, valued at more than $1 billion.
  • Represented both Publicis Groupe S.A. and Sapient Corporation in securing CFIUS and FOCI approval for Publicis’ acquisition of Sapient for $3.7 billion.
  • Advised Novartis AG in securing CFIUS approval for the sale of its influenza vaccines business to CSL Limited, and regarding CFIUS issues without formal notification in its three-part transaction with GlaxoSmithKline (GSK), including the $5.25 billion sale of Novartis’ global vaccines business to GSK, the $16 billion acquisition of GSK’s oncology business, and a consumer health care joint venture.
  • Led internal investigations on export control matters for a major U.S. aerospace manufacturing company and assisted with the design and implementation of corrective compliance measures.

Representative CFIUS and FOCI matters:

  • Abu Dhabi National Energy Company (TAQA) ‒ acquisition of a tolling arrangement in the electric power industry
  • Align Aerospace Holding, Inc. ‒ sale to Aviation Industry Corporation of China (AVIC)
  • BAE Systems, Inc. ‒ multiple acquisitions, including the Intelligence Services Group of L-1 Identity Solutions
  • Borealis Infrastructure Management Inc. ‒ multiple acquisitions of energy assets for OMERS Administration Corporation
  • British Telecommunications ‒ acquisition of International Network Services
  • Carlyle Group ‒ multiple transactions, including sale of Standard Aero and Landmark Aviation to Dubai Aerospace Enterprise
  • China National Offshore Oil Corporation Ltd. ‒ separate investments in Eagle Ford and Niobrara shale properties held by Chesapeake Energy
  • Dassault Systèmes ‒ acquisition of Accelrys, Inc.
  • Elbit Systems ‒ multiple acquisitions, including M-7 Aerospace
  • Energy Future Holdings ‒ investment in Oncor Electric Delivery Company by an investor group led by Canadian and Singaporean investors
  • Enstrom Helicopter Corporation ‒ acquisition by Chongqing Helicopter Investment Co., Ltd.
  • IBM ‒ sale of Product Lifecycle Management software business to Dassault Systèmes
  • Mubadala Development Company ‒ various matters
  • Nexen ‒ acquisition by China National Offshore Oil Corporation Ltd.
  • Nuclear Safety Associates ‒ acquisition by WS Atkins
  • Oregon Steel ‒ acquisition by Evraz Group
  • Pioneer Natural Resources ‒ Sale of interest in Wolfcamp Shale to Sinochem Corp.
  • Prysmian S.p.A. ‒ acquisition of Draka Holdings
  • Singapore Telecommunications Limited ‒ acquisition of Trustwave Holdings, Inc.
  • Stanley, Inc. ‒ acquisition by CGI Group
  • Temasek Holdings ‒ various matters, including investment in Merrill Lynch
  • Virgin Galactic ‒ investment by Aabar Investments
  • Advise various companies on FOCI mitigation arrangements and compliance with national industrial security regulations. 

Representative International Trade Controls Matters:

  • Developed compliance programs for various clients, including policies, procedures, manuals and technology control plans relating to international trade controls compliance.
  • Advised various companies in navigating classification, licensing and compliance issues.
  • Assisted global defense electronics company with an audit of its International Traffic in Arms Regulations (ITAR) compliance program.
  • Conducted due diligence assessment of Export Administration Regulations (EAR), ITAR, sanctions, and antiboycott compliance in connection with the sale of a U.S. defense company.
  • Advised various clients regarding Iran sanctions issues.
  • Advised major multinational nuclear energy company regarding nuclear export licensing issues involving the Nuclear Regulatory Commission and Department of Energy.
  • Advised foreign nuclear research and development institute regarding US nuclear cooperation issues.
  • Assisted major multinational corporation in navigating Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) regulatory requirements related to importer registrations and Federal Firearms Licenses (FFLs).

Pro Bono

  • Assisted client in obtaining compensation from the Austrian General Settlement Fund for Victims of National Socialism and represented client in a related federal interpleader action and the successful defense of the interpleader judgment in a Second Circuit appeal brought by competing claimants.
  • Representation of a Mexican family before the U.S. Citizenship and Immigration Services in connection with their applications for nonimmigrant visa status pursuant to the Victims of Trafficking and Violence Protection Act of 2000.
  • Representation of victims of a terrorist bombing in litigation against Hamas, the Islamic Republic of Iran, and Iran’s Ministry of Information and Security.

Memberships and Affiliations

  • Executive Committee of the Yale Law School Association, Former Term Member
  • Society for International Affairs (SIA), Member

Previous Experience

  • U.S. Department of Energy, Special Assistant to the Secretary (2001) 
  • Naval Nuclear Propulsion Program Headquarters, U.S. Naval Officer (1996-2000)
  • U.S. Senate Committee on Finance, Legislative Fellow (1995)
  • Chambers USA, International Trade: CFIUS Experts (2016, 2017, 2018)
  • Chambers Global, International Trade: CFIUS Experts (2018, 2019)