Biography

Robert 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.
Robert 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.
Robert is recognized as a leading lawyer for Tax in New York by Chambers USA, where clients note he is “a very creative and practical problem solver” and has “broad and deep industry experience.” He is recognized as a “Bankruptcy Tax Specialist” by Turnarounds & Workouts magazine. He has also been recommended for U.S. Taxes: Non-Contentious by Legal 500 US and is recognized for Tax by Super Lawyers.
Robert 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 in New York Award Brief — Chambers USA
- Robert Frastai Named a “Bankruptcy Tax Specialist” Award Brief — Turnarounds & Workouts
Latest Thinking
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New Partnership Withholding Obligations Effective as of January 1, 2023
Blog Post — Tax Blog
— By
Robert Frastai,
Andrew Morris and
Lauren Gorsche
— January 06, 2023
Background In 2017, tax legislation was enacted to provide that (x) gain or loss derived by a non-US person on the sale or exchange of an interest in a partnership engaged in a U.S. trade or business is treated as effectively connected gain or loss and subject to U.S. tax (“ECI”) and (y) a transferee
The post <strong><u>New Partnership Withholding Obligations Effective as of January 1, 2023</u></strong> appeared first on Weil Tax BLOG.
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New IRS proposed regulation would reverse longstanding IRS ruling and upend commonly used real estate fund structures
Blog Post — Tax Blog
— By
Devon Bodoh,
Greg Featherman,
Robert Frastai,
Hillel N. Jacobson,
Andrew Morris,
Lauren Gorsche and
Brian Senie
— January 04, 2023
Shortly before the new year, the Internal Revenue Service (“IRS”) dropped a holiday bombshell on the tax community when it issued a proposed regulation under the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”). The proposed regulation would, if enacted in its current form, reverse a longstanding IRS ruling interpreting FIRPTA (the “2009
The post <strong>New IRS proposed regulation would reverse longstanding IRS ruling and upend commonly used real estate fund structures</strong> appeared first on Weil Tax BLOG.
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Firm News & Announcements
- Weil Advised Brookfield Asset Management in the Raising of its Largest Private Equity Fund, Brookfield Capital Partners VI Deal Brief — October 03, 2023
- Weil Advises WindRose Health Investors on the Closing of WindRose Health Investors VI Firm Announcement — July 25, 2023