Mark V. Purpura

Director

302.651.7588
302.498.7588 (fax)
purpura@rlf.com
Mark Purpura enjoys a diverse commercial practice, focusing on complex transactions involving Delaware entities as well as banking and trust matters. Mark has extensive experience counseling clients in transactional matters relating to Delaware limited liability companies, limited partnerships, general partnerships, and statutory trusts. He works on a broad range of transactions, including mergers and acquisitions, initial public offerings, entity formation (including private equity firm and investment fund formation), entity governance matters, dissolution matters, joint ventures, master limited partnerships (including representation of conflicts committees), and many different types of complex financing transactions.
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Select Experience

  • Delaware counsel to The Carlyle Group, L.P. in connection with its initial public offering
  • Counsel to BMO Harris Bank in connection with the formation of a Delaware limited purpose trust company
View Experience >

Mark Purpura enjoys a diverse commercial practice, focusing on complex transactions involving Delaware entities as well as banking and trust matters. Praised as “really smart and incredibly hard-working” (Chambers USA, 2018), Mark has extensive experience counseling clients in transactional matters relating to Delaware limited liability companies, limited partnerships, general partnerships, and statutory trusts.

Mark works on a broad range of transactions, including mergers and acquisitions, initial public offerings, entity formation (including private equity firm and investment fund formation), entity governance matters, dissolution matters, joint ventures, master limited partnerships (including representation of conflicts committees), and many different types of complex financing transactions. In connection with transactions or in operational matters, Mark advises directors and managers of limited liability companies and partners of partnerships on their fiduciary duties with respect to such entities. Mark also regularly renders legal opinions on matters of Delaware law in connection with transactions.

Mark also represents Delaware banks, trust companies, and other nondepository financial institutions in transactional matters, including formation, governance, dissolution, mergers and acquisitions, other commercial transactions, the development of lending and other consumer finance programs, personal and corporate trust matters, and federal and state regulatory matters, including representation before Delaware state and federal regulatory authorities. Mark also provides advice regarding the Delaware Certificate of Adoption of Transparency and Sustainability Standards, which is awarded to businesses that have completed a process that establishes their commitment to sustainability.

In connection with his banking and finance practice, Mark has four times been chosen as the “Top Vote-Getter” in Banking Law in Delaware Today magazine, which included a profile of him in its 2018 Top Lawyers edition.

Experience

  • Delaware counsel to The Carlyle Group, L.P. in connection with its initial public offering
  • Counsel to BMO Harris Bank in connection with the formation of a Delaware limited purpose trust company

Publications

  • "Avoid Creating Fiduciary Duties When Eliminating Liability," Delaware Business Court Insider, July 25, 2012   View >
  • "Eliminating Fiduciary Duties and the Status of the Implied Contractual Covenant of Good Faith and Fair Dealing," Delaware Business Court Insider, February 22, 2012   View >
  • "A Step Toward Equality in Estate Planning," Delaware Banker, Summer 2011   View >
  • "Think Carefully Before Amending LLC and Partnership Agreements: Understanding NextMedia," Delaware Business Court Insider, July 27, 2011   View >
  • "Proposed Financial Institution Regulatory Reforms," Delaware Banker, Summer, 2009   View >

Presentations

  • "Tricks of the Trade: Preparing and Surviving Internal and External Examinations and Audits," October 23, 2018
  • "What's My Line? Balancing Federal and State Regulatory Requirements," October 24, 2017
  • "The Business and Legal Case for LGBT Inclusion in the Workplace: What is Required and What Clients Demand," September 16, 2017
  • "Regulatory Hot Topics for 2016," October 25, 2016
  • "Fiduciary Risk Management," October 26, 2015
  • "Attorneys as Advocates: How Attorneys Can Assist in Legislative Campaigns on LGBT Issues," August 21, 2014
  • "Labor and Employment Law Update 2014," April 3, 2014
  • "The Current State of Same Sex Marriage," October 1, 2013
  • "Civil Unions and Same-Sex Marriage," October 2, 2012
  • "Grab Bag of Delaware Law - Hot Issues and Solutions," November 29, 2011
  • "Family Law Update 2011," November 18, 2011
  • "Planning Implications of the New Delaware Civil Union Law," November 1, 2011
  • "Navigating Towards the Right Result:The Use of Delaware Statutory Trusts for Personal Trust Planning," November 30, 2010
  • "American College of Mortgage Attorneys (ACMA) 2010 Annual Meeting," September 23, 2010

Awards

  • Chambers USA, since 2010
  • The Best Lawyers in America, 2019, 2018, 2017, 2016, 2015, 2014
  • Delaware Today Top Lawyer, Top Vote-Getter, Bank Law, 2018, 2017, 2016, 2014; Top Vote-Getter, Financial Law, 2016, 2014
  • Super Lawyers, 2014, 2013, 2012 

Leadership

  • American Bar Association, Banking Law Committee
  • CAMP Rehoboth, Board of Directors
  • Delaware Bankers Association, Delaware Trust Conference Planning Committee
  • Delaware State Bar Association, Banking Law Committee, Chair
  • Equality Delaware Foundation, President  
  • Equality Delaware, Inc., Board of Directors
  • American Civil Liberties Union of Delaware, Board of Directors

Education

  • J.D., with honors, University of North Carolina School of Law, North Carolina Banking Institute, Journal of International Law and Commercial Regulation, Millard S. Breckenridge Award in Taxation, 1998
  • B.S., Business Administration, Financial Analysis, magna cum laude, University of Southern California, Marshall School of Business, 1995

Admitted to Practice

  • Delaware
  • United States Supreme Court

Practices

  • Banking
  • Limited Liability Company and Partnership Advisory
  • Special Committees
  • Trusts and Estates
  • Sustainability

Experience

  • Delaware counsel to The Carlyle Group, L.P. in connection with its initial public offering
  • Counsel to BMO Harris Bank in connection with the formation of a Delaware limited purpose trust company

Education

  • J.D., with honors, University of North Carolina School of Law, North Carolina Banking Institute, Journal of International Law and Commercial Regulation, Millard S. Breckenridge Award in Taxation, 1998
  • B.S., Business Administration, Financial Analysis, magna cum laude, University of Southern California, Marshall School of Business, 1995

Publications

  • "Avoid Creating Fiduciary Duties When Eliminating Liability," Delaware Business Court Insider, July 25, 2012   View >
  • "Eliminating Fiduciary Duties and the Status of the Implied Contractual Covenant of Good Faith and Fair Dealing," Delaware Business Court Insider, February 22, 2012   View >
  • "A Step Toward Equality in Estate Planning," Delaware Banker, Summer 2011   View >
  • "Think Carefully Before Amending LLC and Partnership Agreements: Understanding NextMedia," Delaware Business Court Insider, July 27, 2011   View >
  • "Proposed Financial Institution Regulatory Reforms," Delaware Banker, Summer, 2009   View >

Presentations

  • "Tricks of the Trade: Preparing and Surviving Internal and External Examinations and Audits," October 23, 2018
  • "What's My Line? Balancing Federal and State Regulatory Requirements," October 24, 2017
  • "The Business and Legal Case for LGBT Inclusion in the Workplace: What is Required and What Clients Demand," September 16, 2017
  • "Regulatory Hot Topics for 2016," October 25, 2016
  • "Fiduciary Risk Management," October 26, 2015
  • "Attorneys as Advocates: How Attorneys Can Assist in Legislative Campaigns on LGBT Issues," August 21, 2014
  • "Labor and Employment Law Update 2014," April 3, 2014
  • "The Current State of Same Sex Marriage," October 1, 2013
  • "Civil Unions and Same-Sex Marriage," October 2, 2012
  • "Grab Bag of Delaware Law - Hot Issues and Solutions," November 29, 2011
  • "Family Law Update 2011," November 18, 2011
  • "Planning Implications of the New Delaware Civil Union Law," November 1, 2011
  • "Navigating Towards the Right Result:The Use of Delaware Statutory Trusts for Personal Trust Planning," November 30, 2010
  • "American College of Mortgage Attorneys (ACMA) 2010 Annual Meeting," September 23, 2010

Awards

  • Chambers USA, since 2010
  • The Best Lawyers in America, 2019, 2018, 2017, 2016, 2015, 2014
  • Delaware Today Top Lawyer, Top Vote-Getter, Bank Law, 2018, 2017, 2016, 2014; Top Vote-Getter, Financial Law, 2016, 2014
  • Super Lawyers, 2014, 2013, 2012 

Leadership

  • American Bar Association, Banking Law Committee
  • CAMP Rehoboth, Board of Directors
  • Delaware Bankers Association, Delaware Trust Conference Planning Committee
  • Delaware State Bar Association, Banking Law Committee, Chair
  • Equality Delaware Foundation, President  
  • Equality Delaware, Inc., Board of Directors
  • American Civil Liberties Union of Delaware, Board of Directors