Richard Facciolo has served as Delaware counsel in many asset-backed securitizations, trust preferred transactions, and project finance transactions.
Richard handles transactional matters involving the formation and operation of Delaware statutory trusts and other alternative business entities. He represents Delaware banking organizations in their capacity as trustees of common law and statutory trusts that issue securities backed by auto loans, home equity loans, credit card receivables, and mortgage loans.
Richard also advises clients regarding the characterization of asset transfers as true sales under the United States Bankruptcy Code and the structuring of special-purpose bankruptcy-remote entities to protect against substantive consolidation with affiliates and others. He has spoken on these topics for the American Bankers Association’s Capital Markets Seminar, the American Bankruptcy Institute’s Finance and Banking Committee, and the American Bar Association’s Real Property, Trust and Estate Law Section’s Meeting.
Corporate Trust & Agency Services