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Lawyers

Paul D. Marquardt

Lawyers

Advises clients on sanctions, export control, AML and anti-corruption matters. Over two decades of experience in CFIUS and other foreign direct investment reviews.

Paul advises a wide range of clients around the world on the application of U.S. sanctions laws and in export control, anti-money laundering and anti-corruption matters. He interacts regularly with OFAC, the U.S. Departments of Justice and State, the Bureau of Industry and Security, the World Bank, and other U.S. and international regulators. His practice includes diligence, advisory, compliance, internal investigations and enforcement matters.

Paul has more than two decades of experience in national security reviews by CFIUS and other foreign direct investment regimes, and in related issues. He has broad transactional experience, including with respect to mergers and acquisitions, joint ventures, and general corporate matters.

Clients tell Chambers that Paul “shows a true command of U.S. sanctions law” and is able “to think of concrete and unique solutions for complex problems.” He is described as “phenomenal,” “brilliant,” and “truly an effective, helpful and responsive” lawyer.

Experience highlights

Paul's representations before joining Davis Polk include the following:

CFIUS
  • Leading Middle Eastern and Asian sovereign wealth funds in investments in infrastructure, energy, transportation, life sciences and technology
  • Veolia in its bid for Suez
  • A family office of a prominent Russian investor in restructuring its U.S. energy and financial services investments
  • Alphabet in numerous transactions, including Softbank’s investment in Loon, fundraising for Waymo, the restructuring of DeepMind, and Temasek and OTPP’s investment in Verily
  • Honda in its tender offer for Keihin Corp., Showa Corp., and Nissin Kogyo Co., Ltd and subsequent sale to Hitachi
  • Alstom SA in its acquisition of Bombardier Transportation and in its merger with Siemens Mobility
  • OpenText in its acquisitions of Carbonite, Guidance, the enterprise software business of EMC, and multiple potential transactions
  • A Chinese buyer in a post-closing investigation of its acquisition of a major digital advertising provider
  • Independent directors of Broadcom in Broadcom’s bid for Qualcomm
  • Aerostar and ASUR in Aerostar’s acquisition of majority control of San Juan airport
  • Google in the sale of Motorola Mobility’s mobile devices business to Lenovo Group
  • Parpública in the sale of a stake in EdP to China Three Gorges
Economic Sanctions
  • Various clients with respect to the impact of U.S. sanctions on their non-U.S. operations and exposure to restricted Chinese securities
  • Venezuelan Creditors’ Committee in connection with sanctions matters
  • Sony Corporation in sanctions, AML, and anticorruption compliance and disclosure matters
  • Major financial institution in evaluating U.S. sanctions issues related to its Russian subsidiary
  • European bank in its $1.3 billion dollar settlement and guilty plea with OFAC
  • An Israeli investment group in sanctions issues arising from its acquisition of assets from an affiliate of Renova
  • Clearstream Banking in ongoing matters arising from its 2014 OFAC settlement, Iran-related litigation and compliance matters
  • American Airlines in connection with its operations in Cuba
  • Orascom in U.S., UK, and UN sanctions issues arising from its participation in a North Korean mobile telephone network
  • UBAF in its 2020 $8.6 million settlement relating to over $2 billion in transactions relating to Syria
  • Manufacturing company with respect to its 2019 settlement with OFAC
View all experience

Insights

Credentials

Recognition

Chambers USA and Global – International Trade: Export Controls & Economic Sanctions

Chambers USA and Global – International Trade: CFIUS Experts

Who’s Who Legal – Trade & Customs: International Sanctions, Global Leader

Education
M.A., Yale University
J.D., Yale Law School
B.A., University of Michigan
  • with highest distinction
Clerkships
Law Clerk, Hon. James B. Loken, U.S. Court of Appeals, Eighth Circuit, 1994-1995
Professional history
  • Partner, Davis Polk, 2021-present
  • Partner, Cleary Gottlieb, 2003-2021
  • Associate, Cleary Gottlieb, 1995-2003
Qualifications and admissions
  • District of Columbia
  • State of Michigan
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