DAVID D. SYLOFSKI is counsel in the New York office. His practice focuses on a broad range of asset-backed and mortgage-backed securitization transactions, including representation of sponsors, sellers, servicers, underwriters and managers in registered and private (Rule 144A, Regulation S and private placement) term securitizations and structured vehicles. Representative asset classes include residential mortgage-backed securities (RMBS) (including Australian RMBS, REMIC re-securitization transactions and non-performing and re-performing RMBS transactions), collateralized loan obligations and commercial mortgage-backed securities.

Mr. Sylofski also advises clients on compliance with respect to new and proposed legislative and regulatory changes affecting asset-backed securitization, including the FDIC Securitization Safe Harbor Rule, Proposed Regulation AB II, the Volcker Rule (as it relates to asset-backed securities) and Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act and related SEC and bank regulatory agency rulemaking, and the intersection of rules affecting asset-backed securitization. He has also represented clients in connection with various cross-border regulatory compliance issues.

Previously, Mr. Sylofski advised a variety of clients in connection with distressed investment activities and the restructuring and liquidation of structured finance transactions, including CDOs and other structured finance vehicles. He has represented investment fund managers and other entities in connection with the Federal Reserve Bank of New York’s Term Asset-Backed Securities Loan Facility, as well as other proposed and completed credit crisis-related transactions. Mr. Sylofski has also advised lenders in connection with a variety of recourse and non-recourse lending transactions.