Biography

Mr. Frastai has extensive experience advising clients with respect to transactions involving partnerships, limited liability companies and other pass-through entities. These transactions include acquisitions, dispositions and joint ventures. He also has significant experience advising on complex private fund seeding arrangements, secondary transactions and spin-outs.
Mr. Frastai regularly advises a wide variety of private investment funds including buyout, growth equity, infrastructure, debt and real estate opportunity funds. He has also represented investment banks, sovereign wealth funds and major pension funds in their United States and international investment activities.
Mr. Frastai is recognized as a leading lawyer for Tax in New York by Chambers USA, where clients note that he is “a very creative and practical problem solver,” has “broad and deep industry experience,” and that he “takes an incredibly complex issue and can explain it in basic layman's terms. He is terrific at converting from the tax rule to the business issue.” He is recognized as a “Bankruptcy Tax Specialist” by Turnarounds & Workouts magazine, has been recommended for US Taxes: Non-Contentious by Legal 500 US and is recognized for Tax by Super Lawyers.
Mr. Frastai received his J.D. and LL.M. degree in Taxation from New York University School of Law and his B.S., cum laude, in Accounting from New York University Stern School of Business where he was a member of the Beta Gamma Sigma Business Honorary.
Awards and Recognition, Latest Thinking, Firm News & Announcements
Awards and Recognition
- Robert Frastai Named a "Leading" Lawyer for Tax: New York Award Brief — Chambers USA
- Robert Frastai Named a “Bankruptcy Tax Specialist” Award Brief — Turnarounds & Workouts
Latest Thinking
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Final 1061 Regulations
Blog Post — Tax Blog
— By
Stanley E. Ramsay,
Robert Frastai,
Lora Shub and
Matthew Tippett
— January 11, 2021
On January 7, 2021, the IRS and Treasury Department issued final regulations (T.D. 9945) under Section 1061 of the Internal Revenue Code of 1986, as... ...
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Final Regulations on Partnership Interest Transfers and Withholding Taxes
Blog Post — Tax Blog
— By
Robert Frastai
— October 09, 2020
On October 7, 2020, the IRS released final regulations [TD 9926] (the “Final Regulations”) under Section 1446(f) of the Internal Revenue Code of 1986... ...
Firm News & Announcements
- Weil Advised Brookfield Asset Management in its Formation of $20B Brookfield Infrastructure Fund IV Firm Announcement — February 07, 2020
- Weil Advised THL Credit Advisors in its Sale to First Eagle Investment Management Firm Announcement — February 03, 2020