Cravath represented the underwriters, Barclays, BNP Paribas, Deutsche Bank Securities and J.P. Morgan Securities, in connection with the US$1.75 billion registered debt offering of The State Treasury of the Republic of Poland. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on April 6, 2016.

The Cravath team included partner Philip J. Boeckman and associates Bridget K. Deiters and Timothy J. Leung.