Daryl has experience in sophisticated and complicated business transactions in various practice areas, including corporate, commercial real estate, private equity, oil and gas, and secured lending. He represents entrepreneurs, hospitality firms, REITs, private equity investors, financial institutions and other businesses in a wide variety of matters, including purchases and sales of hotels, restaurants, oil and gas, and other real estate properties, formation of real estate investment funds, sales of REITs, commercial and real estate loans, oil and gas production loans, private and public offerings of securities, securities reporting for public companies, management agreements and leases for hotels, office buildings and oil and gas properties, joint venture and partnership agreements, asset securitizations, merger agreements, purchase and sale agreements, shareholders' agreements, and the structuring and documentation of other transactions of wide variety.

Relevant Experience

• Represented clients in numerous mergers, purchases and sales of entities and assets aggregating in value in excess of $20 billion, including transactions of wide variety and size.
• Represented private equity clients in sale of more than 50 private REITs in numerous separate transactions aggregating more than $6 billion in sales price.
• Represented issuers and underwriters in numerous public and private offerings of debt and equity securities, including IPO, Reg D and Rule 144A offerings.
• Represented private equity clients in formation of more than 150 private REITs.
• Represented borrowers in numerous loan financing transactions.
• Represented clients in purchasing and selling numerous hotel, oil and gas and real estate properties.
• Represented lenders in loans secured by real properties, oil and gas properties and private equity investor commitments.
• Advised and assisted clients on formation of numerous entities, including issues relating to governance, ownership, structure, management and legal compliance and private equity fund formation.
• Advised and assisted bank clients regarding issues with problem checks, check kiting, wire transfers, fraudulent checks and ACH transactions.

Bar Admissions

• Texas

Education
BA, Duke University, Chemistry and Management Sciences, summa cum laude, 1976

• Represented clients in numerous mergers, purchases and sales of entities aggregating in value in excess of $5 billion, including transactions of wide variety and size.
• Represented issuers and underwriters in numerous public and private offerings of debt and equity securities, including IPO, Reg D and Rule 144A offerings.
• Represented borrowers in numerous loan financing transactions.
• Represented clients in purchasing and selling numerous hotel, oil and gas and real estate properties. 
• Represented lenders in loans secured by oil and gas properties. 
• Advised and assisted clients on formation of numerous entities, including issues relating to governance, ownership, structure, management and legal compliance and private equity fund formation.
• Advised and assisted bank clients regarding issues with problem checks, wire transfers and ACH transactions.

• Member, Corporate Counsel, Business Law and Real Property, Probate and Trust Sections of American Bar Association
• Member, Corporate Counsel, Business Law, Oil, Gas and Energy Resources Law, and Real Property, Probate and Trust Sections of Texas State Bar Association
• Chair, Business Organizations Code Committee of Business Law Section, 1995-2016, Former Chair and Council Member, Business Law Section, Former Chair, Commercial Code Committee, Primary draftsman of Texas Business Organizations Code, Reporter on UCC Articles 2A, 3 and 4, Texas State Bar Association
• Executive Committee Member, Director and former Chair, Texas Business Law Foundation
• Member, Texas Bar Foundation
• Member, Dallas Bar Foundation
• Member, American Law Institute

• Legal 500 USA: The Clients’ Guide to the US Legal Profession. Recommended Lawyer in Real Estate, 2016
• Best Lawyers in America, 2001-2016. A description of the selection methodology can be found on Best Lawyers’ webpage.
• Texas Super Lawyers, published by Texas Monthly, 2003-2016; Top-Notch Lawyer, 2007. A description of the selection methodology can be found on Super Lawyers’ webpage.
• Certificate of Merit, State Bar of Texas, 2000
• Five Star Wealth Managers, published by Texas Monthly and Five Star Professional, 2010-2012
• International Who’s Who of Corporate Governance Lawyers, 2011-2013

• Rights to Information of Owners and Governing Persons of Texas Entities Under the Texas Business Organizations Code, Corporate Counsel Review
• 2017 Legislative Update on Business Law, Texas Bar Journal
• 2019 Legislative Update on Business Law, Texas Bar Journal
• 2013 Legislative Update: Amendments to the Texas Business Organizations Code and Texas Business and Commerce Code, published at Texas State Bar Annual Meeting, June 2013, and 2013 LLCs, LPs and Partnerships Conference
• Securities Laws and Prepetition Solicitation of Bankruptcy Plans, Mealey's Emerging Securities Litigation
• 2021 Texas Legislature Moves Forward on Changing Business Entity Laws, The Texas Lawbook
• New exemption from federal broker-dealer registration for M&A brokers, Westlaw Today
• Expect More Changes in Entity Laws from the 2019 Texas Legislature, The Texas Lawbook
• Comparison of Limited Liability Company Laws of Texas and Delaware, 2012 LLCs, LPs and Partnerships Conference
• Business Law, Texas Bar Journal (Legislative Update)
• 2011 Legislative Update: Amendments to the Texas Business Organizations Code and Texas Business and Commerce Code, Legislative Changes Affecting Business Entities Webcast, Texas Bar CLE
• 2015 Texas Legislative Update on Entity Law, 46 Tex. Journal of Bus. Law 47
• Registered Series in Texas LLCs are Almost Here, The Texas Lawbook
• 2007 Amendments to the Texas Business Organizations Code, 42 Texas Journal of Business Law 258
• 2009 Amendments to the Texas Business Organizations Code, 43 Texas Journal of Business Law 571
• New exemption from federal broker-dealer registration for M&A brokers, Reuters Westlaw Today
• 2021 Legislative Update on Business Law, Texas Bar Journal
• Business Law, Texas Bar Journal
• New Exemption from Federal Broker-Dealer Registration for M&A Brokers, The Review of Securities & Commodities Regulation
• Dealing With Bondholders in Troubled Times, Pratt’s Journal of Bankruptcy Law
• Business Law, Texas Bar Journal (Legislative Update)
• Business Law, Texas Bar Journal (Legislative Update)
• 2015 Texas Legislative Update on Business Law, Texas Bar Journal
• 2 Takeaways From 3rd Circ.'s J&J Bankruptcy Ruling, Law360