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Damara Chambers
Damara Chambers
Partner — National Security Reviews (CFIUS), Export Controls & Economic Sanctions
Partner — National Security Reviews (CFIUS), Export Controls & Economic Sanctions

Damara Chambers

Damara Chambers
Washington

2200 Pennsylvania Avenue NW
Suite 500 West
Washington, DC 20037

Damara Chambers

Experience Highlights

  • Represented Midea Group on CFIUS and related U.S. national security approvals in its $5 billion public offer takeover of KUKA AG

  • Represented Takata before CFIUS and the State Department in the $1.6 billion acquisition of its assets out of bankruptcy by Ningbo Joyson Key Safety Systems

  • Represented Schneider Electric on CFIUS and related U.S. national security regulatory approvals in connection with the sale of its industrial software business to UK-based AVEVA Group and the acquisition by Schneider Electric of a majority interest in AVEVA Group in a transaction valued at approximately $3.88 billion

  • Represented China National Offshore Oil Corporation Ltd. (CNOOC) in separate multi-billion dollar investments in Eagle Ford and Niobrara shale oil and gas lease properties held by Chesapeake Energy

  • Advised WGL Holdings, owner of the regulated natural gas utility Washington Gas, on CFIUS in the $6.4 billion sale of WGL Holdings to AltaGas

  • Represented Rolls-Royce before CFIUS in the acquisition of R.O.V. Technologies, Inc. by Rolls-Royce’s technical services subsidiary, R. Brooks Associates

  • 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

  • Represented Nexen before CFIUS in its $15 billion acquisition by CNOOC

  • Represented Align Aerospace Holding, Inc. before CFIUS in its $220 acquisition by a subsidiary of Aviation Industry Corporation of China (AVIC), the Chinese state-owned aerospace and defense company

  • Advised leading global healthcare company in securing CFIUS approval for various transactions, including the sale of certain vaccines businesses to non-U.S. buyers, and other life sciences transactions

  • 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

  • Advised major defense contractor on internal investigation regarding compliance with national industrial security regulations and the National Industrial Security Program Operating Manual

  • Abu Dhabi National Energy Company (TAQA) ‒ acquisition of a tolling arrangement in the electric power industry

  • BAE Systems, Inc. ‒ multiple acquisitions, including the Intelligence Services Group of L-1 Identity Solutions

  • Carlyle Group ‒ multiple transactions, including its $1.9 sale of Standard Aero and Landmark Aviation to Dubai Aerospace Enterprise

  • Dassault Systèmes ‒ $750 million acquisition of Accelrys, Inc.

  • Elbit Systems ‒ multiple acquisitions, including Universal Avionics and M-7 Aerospace

  • Energy Future Holdings (EFH) ‒ $1.254 billion investment in Oncor Electric Delivery Company LLC by an investor group led by Canadian and Singaporean investors

  • Enstrom Helicopter Corporation ‒ acquisition by Chongqing Helicopter Investment Co., Ltd., a company owned by the Municipality of Chongqing, China

  • Oregon Steel ‒ $2.3 billion acquisition by Evraz Group

  • Pioneer Natural Resources ‒ sale of interest in Wolfcamp Shale leaseholds to Sinochem Corp.

  • Prysmian S.p.A. ‒ acquisition of Draka Holdings

  • Singapore Telecommunications Limited (Singtel) ‒ $810 million acquisition of Trustwave Holdings, Inc.

  • Stanley, Inc. ‒ $1 billion acquisition by CGI Group

  • Temasek Holdings ‒ various matters, including investment in Merrill Lynch

  • Virgin Galactic ‒ investment by Aabar Investments PJSC

  • Represented various non-U.S. pension funds and government-owned investors on CFIUS and related U.S. national security approvals in acquisitions of major energy assets and other U.S. companies

  • Advised various companies on FOCI mitigation arrangements and compliance with national industrial security regulations including the National Industrial Security Program Operating Manual (NISPOM)

  • Provided ongoing advice to companies with respect to compliance with CFIUS mitigation agreements and commitments

  • Represented multinational engineering and project management company before CFIUS and the Departments of Energy and State in connection with CFIUS, FOCI and ITAR approvals in its acquisition by a Canadian company

  • 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 export control 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 and compliance issues involving the NRC and Department of Energy

  • Advised various multinational companies on nuclear export controls and change of control requirements in connection with mergers and acquisitions

  • Advised foreign nuclear research and development institute regarding U.S. nuclear cooperation issues

  • Assisted major multinational corporation in navigating ATF regulatory requirements related to importer registrations and Federal Firearms Licenses (FFLs)

  • 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

Credentials

  • Yale Law School, J.D., 2004
  • American University School of International Service, M.A., 1999
  • Georgetown University, School of Foreign Service, B.S.F.S.,  1995
  • Clerkship to Hon. Juan R. Torruella, U.S. Court of Appeals, First Circuit, 2004–2005
  • U.S. Department of Energy, Special Assistant to the Secretary, 2001
  • Naval Nuclear Propulsion Program Headquarters, U.S. Navy Officer, 1996–2000
  • U.S. Senate Committee on Finance, Legislative Fellow, 1995
  • Chambers USA, International Trade: CFIUS Experts (Nationwide), 2016–2020
  • Chambers Global, International Trade: CFIUS Experts, 2018–2020
  • Who’s Who Legal (Law Business Research Ltd.); M&A and Governance, 2020
  • Executive Committee of the Yale Law School Association, Former Term Member
  • Society for International Affairs (SIA), Member
  • District of Columbia, New York
  • “The European CFIUS: Understanding the EU Foreign Investment Screening EUFIS,” October 29, 2019 (speaker)
  • “M&A: Foreign Investment, Trade & Technology,” 2019 Hot Topics in Mergers Acquisitions Program, September 11, 2019 (panelist)
  • “Update on CFIUS Developments,” May 7, 2019, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Reform Key Questions for Private Funds to Consider,” December 5, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “Commerce Requests Comment on Criteria for Identifying Emerging Technologies that Are Essential to U.S. National Security,” November 20, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “United States Reimposes Remaining Sanctions Against Iran,” November 6, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Update: Treasury Department Issues Interim Rules, Expands Jurisdiction to Certain Non-Controlling Investments, and Establishes Mandatory Filing Requirements,” October 11, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Update: FIRRMA Enacted into Law,” August 13, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “Export Control Reform Act Is Finalized in Congress,” July 30, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Update: FIRRMA Finalized, Nears Passage,” July 25, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Developments: House and Senate Committees Hold Markup of CFIUS Reform Legislation,” May 23, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Developments: Senate Banking Committee Releases Draft Manager’s Amendment to FIRRMA,” May 15, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “United States Ends Participation in Iran Nuclear Deal, Re-Imposes Sanctions Against Iran,” May 9, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “Department of Commerce Activates Denial Order Against Chinese Telecommunications Company ZTE,” April 20, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “House Committee on Financial Services Considers Updates to CFIUS Reform Language,” April 17, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Developments: House Committee on Foreign Affairs Considers CFIUS Reform and Related Export Control Regimes,” March 16, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “Export Control Reform Act Introduced in Congress,” March 8, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “White House Support for CFIUS Reform and Affirmation of U.S. Open Investment Policy / Senate Committee on Banking, Housing, and Urban Affairs Hearing on CFIUS Reform,” January 26, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Developments: Senate Committee on Banking, Housing, and Urban Affairs Hearing to Examine CFIUS Reform,” January 22, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Developments: House of Representatives Hearings to Evaluate CFIUS Reform,” January 11, 2018, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Reform Legislation Introduced in Congress,” November 8, 2017, Covington Alert (co-author with Covington & Burling LLP)
  • “Newly-Released CFIUS Annual Report for 2015 Foreshadows Heightened Scrutiny of Foreign Investment,” September 21, 2017, Covington Alert (co-author with Covington & Burling LLP)
  • “President Trump Bars Acquisition of U.S. Semiconductor Company as Congress Conducts First Hearing on Potential CFIUS Reform,” September 14, 2017, Covington Alert (co-author with Covington & Burling LLP)
  • “Update on CFIUS Developments: Proposed Legislation and Reflections on CFIUS Under the Trump Administration,” June 23, 2017, Covington Alert (co-author with Covington & Burling LLP)
  • “CFIUS Report Underscores Growing Chinese Investment in US,” February 25, 2016, Law 360 (co-author with Covington & Burling LLP)

Speaking Engagements

  • “Department of Energy Contractor Attorneys’ Association 2019 Spring Conference and Webinar,” May 2-3, 2019.
  • “Basics of Export Controls,” 2018, Practicing Law Institute Webinar.
  • “Hot Topics in Mergers & Acquisitions 2015-2018, Practicing Law Institute seminar.
  • “FOCI and CFIUS Issues in Government Contracts M&A” June 6, 2018, ABA Section of Public Contract Law panel discussion.
  • “ACI’s National Forum on FOCI:  Strategic Insights on Mitigation Plans, DSS Requirements & Interplay with CFIUS”, December 6, 2017.