Clients say Mr. DeNovio is an "excellent technician who can take a complex tax code and break it down so that our staff understand the context and his advice."Chambers Global 2013

Nicholas J. DeNovio

Washington, D.C.
  • 555 Eleventh Street, NW
  • Suite 1000
  • Washington, D.C. 20004-1304
  • USA
 
 

Nicholas J. DeNovio is a partner in the Washington, D.C. office of Latham & Watkins. He is Global Chair of the firm's International Tax Practice and a member of the Firm's Audit Committee. Throughout his career, Mr. DeNovio has represented large US and non-US based multinational corporations on complex cross-border transactions involving mergers and acquisitions, spin-offs, financings and group structuring. He has represented a number of the world's leading corporations on multi-billion dollar transactions covering jurisdictions around Europe, Asia and the Americas.

Mr. DeNovio is consistently ranked by The Legal 500 US, Chambers USA and Super Lawyers as one of the leading tax lawyers in the District of Columbia. In addition, The Legal 500 US and Chambers Global regularly recognize him for his international tax work. Mr. DeNovio is a renowned speaker and writer for organizations such as Tax Executives Institute, Practicing Law Institute, International Fiscal Association, National Foreign Trade Council and various bar associations. He is a member of the board for both the George Washington University/IRS International Tax Program and the University of Chicago Federal Tax Conference, where he served as Chair in 2012-13.

From 2003-2005, Mr. DeNovio served as Deputy Chief Counsel (Technical) at the Internal Revenue Service Office of Chief Counsel. He was recruited in late 2002 into the leadership team of former IRS Chief Counsel B. John Williams, Jr. As Deputy Chief Counsel (Technical), he was responsible for the overall management and substantive tax aspects of the Regulatory guidance process of the IRS National Office, as well as taxpayer-specific guidance such as private letter rulings. In his position, Mr. DeNovio directly supervised the IRS Regulatory guidance program carried out by more than 600 Chief Counsel attorneys working with the Treasury Department's Office of Tax Policy. One of his accomplishments was leading the Regulatory guidance required quickly after the enactment of the American Jobs Creation Act of 2004, including guidance under sections 965 (temporary rate reduction for repatriated foreign earnings) and 199 (manufacturing deduction). He also directed the issuance of dozens of other major regulatory initiatives on various tax provisions, primarily in International Taxation (transfer pricing, subpart F, cross-border mergers and dual consolidated losses), Corporate Taxation (M&A and Reorganizations) and Partnership Taxation. He served as the principal technical legal resource for the operating divisions of the IRS, including the Large and Mid-sized Business Division.

Mr. DeNovio began his career in private practice in New York City in 1987 and became a partner at Baker & McKenzie in 1995. From 1999-2002, he was with PricewaterhouseCoopers as a partner in its Washington National Tax Service, working for the firm's leading global clients in the areas of international and corporate taxation.

Mr. DeNovio's selected experience includes representation of:

  • Watson Pharmaceuticals in its US$1.7 billion acquisition of Arrow Limited
  • Yahoo! in its acquisition of Maktoob, Ltd.
  • Beckman Coulter on its US$800 million proposed acquisition of the diagnostic services business from a Japan-based manufacturer
  • Avery Dennison, a leader in pressure-sensitive labeling materials, retail tag, ticketing and branding systems, and office products during its acquisition of DM Label Group, an Asian-based manufacturer
  • Mattel in its acquisition of Radica Games Limited Bermuda, an electronic games manufacturer
  • One of the world's leading energy groups and leading provider of renewable energy during its US$4.5 billion acquisition of Energy East Corp, a vertically integrated gas and electricity utility with significant presence in New York and four other states in New England
  • Advanced Micro Devices, Inc. (AMD) in its US$5.4 billon acquisition of ATI Technologies Canada, a producer of microprocessors
  • Renovis, Inc., a biopharmaceutical company, in its acquisition by Evotec AG
  • KB Home in the US$1.2 billon sale of its French subsidiary Kaufman and Broad SA, one of the leading home builders in France, to PAI Partners
  • Major companies in internal restructuring in pre- and post-transaction efforts, including: Electronic Arts, Owens Illinois, Citibank, WR Grace, Diageo plc and Viasat
  • Numerous companies of similar stature on matters involving the IRS, at all levels of the IRS administrative process