Event Calendar
Live Teleseminar: Article Nine: Secured Transaction Update, Part 1
Date: June 16, 2009
Time: 1:00p.m. - 2:00p.m.
For more information and to register please click here
About the Seminar
Secured transactions, the bedrock of commercial and business transactional practice, are coming under renewed pressure as the credit crunch intensifies and more debtors fall into default and bankruptcy. Rising defaults by debtors focus the spotlight on weaknesses in existing security agreements and secured party practices that might be less problematic in a more stable economic environment. Among many other questions that arise are, how can secured parties cost-effectively foreclose on and sell secured property? What are the rights of debtors and their guarantors? Led by two of the nation’s foremost commercial practitioners, this two-part program will provide you a practical guide to the most important practical issues in drafting security agreements and ensuring cost-effective transactions in a difficult economic environment.
Day 1 : June 16, 2009
· Secured transactions during the credit crunch and default crisis
· What happens when something about the debtor changes (e.g. name, location, ownership)
· Anti-assignment provisions regarding collateral
· Dispositions in mezzanine loans
· Rights to proceeds
About the Speakers
Edwin E. Smith is a partner in the Boston office of Bingham McCutchen, LLP. As a Uniform Law Commissioner for the Commonwealth of Massachusetts, he served as a member of the drafting committee for the revisions of Article 9 of the Uniform Commercial Code. Mr. Smith formerly served as Chair of the Uniform Commercial Code Committee of the Business Law Section of the American Bar Association and the ABA Advisor/Liaison to the Permanent Editorial Board of the Uniform Commercial Code. He also served as a U.S. delegate at the United Nations Convention on the Assignment of Receivables in International Trade, and as a U.S. delegate to the United Nations Commission on International Trade Law working on creating a secured transactions guide for legislation in United Nations member countries. He is a member of the American Law Institute and the National Bankruptcy Conference, and is the past President of the American College of Commercial Finance Lawyers. He received his B.A. from Yale University and his J.D. from Harvard Law School.
Steven O. Weise is a partner in the Los Angeles office Proskauer Rose, LLP, where his practice encompasses all areas of commercial law. He has extensive experience in financings, particularly those secured by personal property. He also handles matters involving real property anti-deficiency laws, workouts, guarantees, sales of goods, letters of credit, commercial paper and checks, and investment securities. Mr. Weise recently served as Chair of the American Bar Association’s Business Law Section. He has also served as a member of the Permanent Editorial Board for the Uniform Commercial Code, as an Advisor to the Uniform Commercial Code Article 9 Drafting Committee, and Chair of the ABA’s Committee on Personal Property Secured Financing and Committee on Legal Opinions. Mr. Weise is a graduate of Yale University, where he received his B.A., and the University of California, Berkeley, Boalt Hall School of Law, where he received his J.D.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE credit hour
Event Type: Teleseminar
