UCC Security Interests in Proceeds of Collateral: Perfection, Priority, and Impact of Debtor's Bankruptcy
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will provide finance counsel with a thorough understanding of UCC and Bankruptcy Code treatment of security interests in the proceeds of original collateral. In addition, the panel will discuss recent legal developments and special issues concerning attachment, perfection, and the priority of security interests in proceeds.
Outline
- Treatment/restrictions on proceeds of collateral under the UCC and Bankruptcy Code
- Legal trends and developments affecting attachment, perfection, and priority of proceeds of collateral
- Special issues with unique types of collateral/proceeds
Benefits
The panel will review these and other key issues:
- How broad is the scope of "proceeds" defined in UCC Article 9? What are the limits on proceeds?
- How has recent case law addressed the treatment of proceeds of collateral when there are competing claims?
- What are the potential pitfalls for secured parties seeking attachment, perfection, and priority of secured interests in the proceeds of collateral?
Faculty
Janet M. Nadile
Special Counsel
Milbank
Ms. Nadile is a member of the firm’s Leveraged Finance Group. She practices in the areas of banking and... | Read More
Ms. Nadile is a member of the firm’s Leveraged Finance Group. She practices in the areas of banking and credit and corporate law. Ms. Nadile focuses on advising secured lenders in syndicated bank facilities, particularly on issues concerning UCC Articles 8 and 9. She is a frequent speaker on secured transaction topics.
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Edwin E. Smith
Partner
Morgan, Lewis & Bockius
Mr. Smith concentrates his practice in commercial law, debt financings, structured financings, workouts, bankruptcies,... | Read More
Mr. Smith concentrates his practice in commercial law, debt financings, structured financings, workouts, bankruptcies, and international transactions. He is particularly knowledgeable on commercial law and insolvency matters, both domestic and cross-border. His representations have included those in major bankruptcies including Lehman and the City of Detroit. Mr. Smith often advises financial institutions on documentation and risk management issues.
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Steven O. Weise
Partner
Proskauer Rose
Mr. Weise practices in all areas of commercial law and has extensive experience in financing, especially in those... | Read More
Mr. Weise practices in all areas of commercial law and has extensive experience in financing, especially in those secured by personal property, including structured financing. He is regarded as one of the foremost authorities on Article 9 of the UCC. He is a member of the Permanent Editorial Board for the UCC and a member of the American Law Institute’s UCC Article 9 Drafting Committee. Mr. Weise is also the past chair of the American Bar Association’s Business Law Section Legal Opinions Committee.
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