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Teleconference

Secured Transactions Practice: Security Agreements to Foreclosures, Part 1


Total Credits: 1 including 1 CLE

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Categories:
UCC
Faculty:
Steven O. Weise
Original Program Date:
Jul 24, 2024
License:
Never expires.


Description

Secured transactions are the most common form of commercial transaction and help finance businesses of every size.  They are governed by the complex provisions of UCC Article 9. Getting every detail in financing statements, security agreements, and perfection of credits is essential. Agreements can be costly and time consuming to draft, and full of risk. Failure to comply with UCC Article 9 in drafting security agreements, perfecting a creditor’s interest, or foreclosing a lien can easily cause the value of the underlying transaction to be lost.  This program will provide you with a real-world guide UCC Article 9 practice.

Schedule:

  • Lifecycle of UCC Article 9 secured transactions
  • Drafting cost-effective and enforceable security agreements
  • What to do when something about the debtor changes – e.g., name, location, ownership
  • Accounts receivable, inventory, equipment, intellectual property
  • Anti-assignment provisions regarding collateral
  • Enhancing enforceability of security agreements and reduce risks in foreclosure

Faculty

Steven O. Weise Related Seminars and Products

Proskauer Rose LLP


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 formerly served as chair of the ABA Business Law Section. He has also served as a member of the Permanent Editorial Board of the UCC and as an Advisor to the UCC Code Article 9 Drafting Committee.