Richard provides sophisticated tax planning for a broad range of corporate, partnership, international and other business-related transactions.
Richard's particular areas of expertise include mergers and acquisitions (including taxable and tax-free stock and asset acquisitions, reorganizations, spin-offs and intercompany transactions, in both the domestic and cross-border contexts); limited liability companies, partnerships, joint ventures, S corporations, real estate investment trusts and other pass-through business vehicles; corporate restructurings and workouts; tax planning for complex financing transactions (including cross-border financings, start-up, venture capital and private equity investments, and use of tax-sensitive financial instruments); and leveraged leasing and equipment lease financings and real estate-based transactions (including use of both domestic and non-US based real estate investment trusts).
Richard currently advises both public and private clients (including "in-bound" multinational corporate clients seeking investment opportunities in the US) in developing creative and cost-efficient solutions for complex tax and corporate transactional problems.
Richard has over twenty-five years practice experience in the transactional tax area, including a total of more than twelve years with Skadden, Arps, Slate, Meagher & Flom LLP and Morgan, Lewis & Bockius LLP, where he led or participated in scores of high-profile, complex business transactions involving both Fortune 100 domestic and foreign corporate clients, as well as privately-held, start-up and portfolio companies.
New York University School of Law (LL.M. Taxation, 1986)
Rutgers University School of Law (J.D., 1982)
Rutgers College (B.A., 1978)
• Member, American Bar Association, Taxation Section (Subcommittees on Partnerships, Foreign Activities of US Taxpayers)
• Member, New Jersey State Bar Association, Taxation Law Section (Subcommittees on Partnerships, International Tax)
• "Partnership Profits Interests: Transitioning from Employee to Partner and What That Means for Tax Purposes," prepared for New Jersey State Bar Association Taxation Section Seminar on "Hot Tips in Taxation: 2012."
• "LLC Interests as Equity Compensation," Mergers and Acquisitions, April, 2002.
• "Tax Aspects of Litigation and Dispute Settlements," prepared for Philadelphia Bar Association Tax Section CLE Series, November 8, 2002.
• "Ethical Considerations for Tax Practitioners: Developments in Treasury Circular 230," prepared for Philadelphia Tax Conference, October 17, 2002.
• "U.S. Cross-Border Leasing Structures at (Almost) the Millennium" (Co-Author), prepared for The FDTA's Tenth Annual Cross-Border Leasing Conference, April, 1999.
• "Revenue Ruling 99-14 and LILO Transactions" (Co-Author), Morgan Lewis White Paper publication, March, 1999.
• "Administration's Revenue Proposals on Corporate Tax Shelters – Effect on Leasing" (Co-Author), Morgan Lewis White Paper publication, March 1999.
• "Report on Proposed Section 707 Regulations Concerning Disguised Sale of Property through Partnerships" (Co-author), New York State Bar Association Tax Section Report, reprinted in 54 Tax Notes 65 (January 6, 1992).
• "Interest Deductibility Under the New U.S. Earnings-Stripping Rules" (Co-Author), Intertax, February, 1990
Represented Propeller Airports LLC, a leader in investment, development and management of general aviation and commercial service airports throughout the U.S., in connection a significant investment by Global Infrastructure Partners, a leading global infrastructure investment firm, and GIP’s limited partner, the Washington State Investment Board, in Propeller’s Paine Field airport project located in Everett, WA.
Represented ASPire Financial Services, a developer of a leading 401(k) recordkeeping and retirement solution platform, in its sale to PCS Retirement, LLC, developer of a leading retirement and wealth management platform backed by LLR.
Represented Energy Impact Partners LP, a fund focusing on investments in technologies and projects that optimize energy consumption and improve sustainable energy generation, in connection with its investment in the Series A Preferred Units of PowerPHASE, LLC, a developer of advanced aero-thermal technology for power generation and industrial applications.
Represented Energy Impact Partners LP, a fund focusing on investments in technologies and projects that optimize energy consumption and improve sustainable energy generation, in connection with its investment in the convertible debt financing of Enchanted Rock, Ltd., a developer, builder and operator of cost-effective microgrids that help companies manage physical and financial risk associated with electricity.