Bailey Quoted on Rush of Build America Bonds Deals
December 21, 2010
The Bond Buyer
Partner Michael Bailey was quoted in an article that appeared in The Bond Buyer on December 21, 2010 titled “Rush for BABs May Draw IRS Scrutiny; Beware the Risk of Last-Minute Deals.” Bailey discussed a number of questionable Build America Bonds (BABs) deals that were rushed to market before expiring tax incentives begin increasing the risk of Internal Revenue Service enforcement action for violations of tax requirements. He stated that he would like to see the IRS adopt recommendations made with regard to the voluntary BABs closing agreement program.
People
Related News
January 2, 2026
In the News
Nicholas O'Keefe on DExit Movement
Foley & Lardner LLP partner Nicholas O’Keefe examined whether there were lessons to be learnt from the Delaware Supreme Court’s recent decision reinstating Elon Musk’s performance award, in Agenda, a Financial Times publication.
December 30, 2025
Deals and Wins
Foley Advises Helm Bank USA in Sale to Banco de Crédito del Perú
Foley & Lardner LLP served as legal advisor to the shareholders of Helm Bank USA in their agreement to sell 100 percent of the bank to Banco de Crédito del Perú (BCP), a subsidiary of Creditcorp Ltd.
December 29, 2025
In the News
Matt Kiel Featured by Los Angeles Business Journal – 'Keep pressing forward and doing your best'
Foley & Lardner LLP senior counsel Matt Kiel is featured by Los Angeles Business Journal for his career journey in the article, “Matt Kiel's Steady Climb.”