Washington DC, June 14, 2021 – Davis Polk today announced that Paul Marquardt, a leading economic sanctions and national security lawyer, has joined the firm as a partner in the Financial Institutions Group in Washington DC.

“Paul is an exceptionally talented practitioner and a fantastic addition to our distinguished regulatory team in Washington. His extensive experience in sanctions and national security reviews is a strong complement to our practice, and is increasingly important to our clients as they continue to navigate these issues in pursuing complex, cross-border transactions,” said Neil Barr, Davis Polk’s Managing Partner. “We are delighted to welcome Paul to Davis Polk.”

Mr. Marquardt joins Davis Polk from Cleary Gottlieb Steen & Hamilton LLP, where he led the foreign investment and national security practice. He advises international clients regarding the application of U.S. sanctions laws and in export control matters. In addition, Mr. Marquardt counsels clients on anti-money laundering issues and with respect to anti-corruption matters, including compliance with the Foreign Corrupt Practices Act. He interacts regularly with the Treasury Department’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN), the U.S. Departments of Justice and State, the Commerce Department’s Bureau of Industry and Security, the World Bank, and other domestic and international regulators. His practice includes diligence, advisory, compliance, internal investigations and enforcement matters.

Mr. Marquardt also has over two decades of experience in national security reviews by the Committee on Foreign Investment in the United States (CFIUS), as well as related issues, such as mitigation agreements, regulation of classified contracts and national security reviews in other jurisdictions. He has broad transactional experience, particularly in the private equity and financial sectors, including with respect to mergers and acquisitions, joint ventures, and general corporate matters.

His practice spans a wide range of clients, including state-owned entities, sovereign wealth funds, technology and defense companies, and private equity funds around the world.

“Paul not only brings to the table a rare and valuable combination of vast experience in both sanctions and CFIUS work, but he is also deeply conversant in transactional matters,” said John Reynolds, head of Davis Polk’s economic sanctions and national security practice. “He is an excellent addition to our team.”

Paul Marquardt said, “Davis Polk’s reputation in the regulatory space is unparalleled, and I have had the pleasure of working alongside many of the firm’s lawyers throughout my career. I am grateful for my time at Cleary, but the opportunity to join this fantastic team and collaborate in advising our clients on their most complex international trade issues is truly exciting.”

Chambers USA recognizes Mr. Marquardt as a leading international trade practitioner, in both Export Controls & Economic Sanctions and CFIUS. He serves as Vice-Chair of the American Bar Association’s Export Controls and Economic Sanctions Committee.

Mr. Marquardt received his J.D. and an M.A. in International Relations from Yale. He received his B.A. from the University of Michigan.

About Davis Polk. 

Davis Polk & Wardwell LLP (including its associated entities) is an elite global law firm with world-class practices across the board. Clients know they can rely on Davis Polk for their most challenging legal and business matters. Our approximately 1,000 lawyers located in 10 offices in the world’s key financial centers and political capitals collaborate seamlessly to deliver exceptional service, sophisticated advice and creative, practical solutions.

About Davis Polk’s AML, Sanctions & CFIUS Practice.

Clients look to Davis Polk for a full range of regulatory and compliance advice, investigations and litigation matters, delivered through seamless collaboration by our Financial Institutions and White Collar Defense & Investigations teams. Davis Polk is a top choice for helping companies in licensing and compliance issues with the Treasury Department’s Office of Foreign Assets Control (OFAC). When transactions require review by the Committee on Foreign Investments in the United States (CFIUS), companies benefit from Davis Polk’s mastery of both deal dynamics and national security requirements. Our AML, Sanctions & CFIUS lawyers collaborate with our Mergers & Acquisitions team to develop the most effective approach for each client.

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