G. Allen Bass Detroit, Michigan
| Of Counsel | |
| phone | (313) 961-2550 (Ext. 4127) |
| fax | 313-961-1270 |
| Email Me | |
G. Allen Bass' practice spans the structured finance spectrum in both the corporate and municipal capital markets, ranging from municipal bonds and mortgages and asset-backed securities to offshore and domestic investment funds. His experience includes equity indexed notes and other derivative transactions.
Mr. Bass is a frequent speaker on capital market topics including legal and accounting issues in securitization and delinquent tax receivables. He was selected as one of ten Lawyers of the Year in 2005 by the Michigan Lawyers Weekly.
While engaged in full-time practice of law, Mr. Bass has served as a member of the Adjunct Faculty of Boston University School of Law, offering an Introduction to Structured Finance (securitization and derivatives). He has also served as an instructor for seminars and presentations sponsored by the New York Institute of Finance in New York City, most notably a special presentation to the Korea Asset Management Corporation (KAMCO), a government-sponsored corporation created to securitize non-performing loans to stabilize the Korean financial system.
Practice Areas:
Public Law, Deal of the Year, Securitization: Provided legal basis and structure for transaction for unique combination of corporate securitization and municipal finance to fund $1.44 billion unfunded actuarial accrued pension liability for one of nation's largest municipalities. Selected as 2005 Midwest Region Deal of the Year by The Bond Buyer (national newspaper of Public Finance) for its innovative nature.
International: Developed offshore structure involving trust-issuing debt with equity linked return and guaranteed return of principal. Utilized U.S. Treasury derivatives and swapping program to increase return.
Pension Investment: Structured money market fund for Fortune 50 corporation to enable it to provide employees with a vehicle for short-term investments.
Government Receivables: Drafted Massachusetts legislation and structured first successful transaction enabling Massachusetts municipality to sell delinquent taxes at a profit.
Structured Assets: Developed and implemented program for Fortune 50 financial institution to create structured assets for sale in secondary market.
Mortgage-Backed Securities: Special corporate counsel to Fannie Mae in structuring MBS program to implement federal legislation enacted to preserve low and moderate income housing.
Asset Backed Securities: Provided legal basis for first of its kind credit card securitization for Fortune 25 corporation, its financing affiliate and its affiliated savings bank.
Mr. Bass served as a consultant in 1976 for the 701 Planning Grant Report for Liberty Harbor focusing on "Revitalizing Urban Centers through Community Development Authorities.
In 1990, he was a consultant for a study with the California Debt Advisory Commission on "Leases in California: Their Form and Function."
- Areas of Practice:
- Public Law, Deal of the Year, Securitization
- International
- Pension Investment
- Government Receivables
- Structured Assets
- Mortgage-Backed Securities
- Asset Backed Securities
- Bar Admissions:
- California
- Massachusetts
- New York
- Michigan
- U.S. Supreme Court
- U.S. Court of Appeals 2nd Circuit
- U.S. District Court Southern District of New York
- Education:
- University of Missouri-Kansas City School of Law, Kansas City, Missouri,
1972
J.D. - University of Kansas,
1966
B.A.
- Published Works:
- Is Your Collateral Under "Control"? and Securities Intermediary Risk in Public Finance are in progress and The Search for the Holy Grail of "True Sale"
- The New Delinquent Tax Receivables Legislation (with Laurence D. Fitzmaurice), Municipal Advocate, 1998
- Public Purpose, Private Benefit and the Treasury's Proposal, Municipal Finance Journal, 1985
- Tax Allocation and Housing, Lawyers in Housing, 1976
- Exclusionary Zoning: Suggested Litigation Approaches (with Robert H. Freilich), Urban Lawyer, 1971
- The Equal Protection Clause: Single-Edged Sword for the Gordian Knot of Exclusionary Zoning, University of Missouri-Kansas City Law Review, 1971
- Uncertain Voice in the Representation Thicket: Hadley v. Junior College District, University of Missouri-Kansas City Law Review, 1970
- Classes/Seminars Taught:
- Panelist, Pension Obligation Bonds and Other Post-employment Benefit Liabilities, 17th Annual Pension and Financial Service Conference, sponsored by the National Association of Securities Professionals, 2006
- Special Instructor, Special Presentation to the Korea Asset Management Corporation (KAMCO), government sponsored corporation, New York Institute of Finance, 2000
- Featured Speaker, Banking and Economic Development: Forging New Partnerships, National Council for Urban Development and the Economic Development and Industrial Corporation of Boston, 1987
- Regular Instructor, Legal and Accounting Issues in Securitization, New York Institute of Finance, 1999 - 2000
- Session Leader, The Third Annual Summit on Emerging & Niche Asset Securitization, Frank J. Fabozzi, Inc./Informational Management Network, 1999
- Lead Speaker, Tax Liens and Beyond - Securitization in Municipal Finance, Center for Business Intelligence, 1998
- Speaker, Chapter 375 - How the Massachusetts Model for Increasing & Managing Municipal Cash Flow can Work for You, Center for Business Intelligence, 1997
- Panelist, Continuing and Secondary Market Disclosure: Case Law Developments: SEC Enforcement Proceedings and Insider Trading, Center for Business Intelligence, 1997
- Faculty Member, New Directions in Securities Litigation, American Law Institute/American Bar Association, 1991
- Faculty Member, Current Issues in Perfecting and Enforcing Security Interests Under the UCC, Massachusetts Continuing Legal Education, Inc., 1992
- Feeling Insecure with Article Nine?, Massachusetts Continuing Legal Education, Inc., 1991
- Faculty Member, Fundamentals of Municipal Bond Law, National Association of Bond Lawyers, 1985 - 1987
- Panelist, Bond Attorneys' Workshop, National Association of Bond Lawyers, 1985 - 1987
- Workshop Leader, Mastering the Components of a Successful Tax Lien Sale, Center for Business Intelligence, Washington D.C., 1999
- Panelist, Massachusetts Finally Comes to Market - Comparing and Contrasting the Marlborough and East Bridgewater Deals, Center for Business Intelligence, Washington D.C., 1999
- Workshop Leader, Creating a Successful RFP Response, Center for Business Intelligence, Washington D.C., 1998
- Speaker, Selling Tax Liens - From Advertising to Sale, Unlocking the Value of Delinquent Taxes, State Street Bank and Trust Company, 1997
- Panelist, Using Bulk Sale of Tax Liens to your Community's Advantage, Annual Sales Meeting, Massachusetts Municipal Association, 1997
- Panelist, Bulk Sale of Receivables, "Fall Foliage" Conference Massachusetts Collectors and Treasurers Association, 1996
- Tax Titles-Tax Possessions Sale of receivables, Municipal Conclave, Massachusetts Collectors and Treasurers Association, 1996
