Trends and Updates in UCC Secured Transactions: Tips and Tactics Explored
Recording Available: Thursday, October 22, 2020
Through the years, the Uniform Commercial Code (UCC) Article 9 has been a significant help for borrowers and creditors through its governing guidelines on secured transactions. These guidelines regulate the security interests of creditors, who are given the chance to repossess a borrower’s secured property as a collateral to the outstanding debt. However, securing collateral has become a challenge in this evolving regulatory paradigm.
Thus, practitioners must always keep themselves updated with emerging developments and trends. Having an in-depth understanding of the UCC secured transactions, as well as the fundamentals of acquiring a security interest, is important to avoid missteps.
Join finance attorneys John W. Blyth (Nyemaster Goode, P.C.) and Thomas Loikith (Harwood Lloyd LLC) as they present a comprehensive discussion of the important developments in UCC secured transactions. Speakers will examine challenges and critical issues and will share best practices to properly secure collateral and mitigate default risks.
This LIVE Webcast will discuss the following:
- UCC Article 9: Secured Transactions – An Overview
- Fundamentals of Acquiring Security Interest
- UCC Considerations, Challenges, and Red Flags
- Best Practices in Securing Collateral
John W. Blyth, Attorney
Nyemaster Goode, P.C.
Thomas Loikith, Partner
Harwood Lloyd LLC
- Creation of Security Interest-Security Agreements
- Collateral Types and Description of Collateral in Security Agreements
- Debtor Covenants
- Perfection of Security Interests
- Financing Statements
- Security Interest Priority
- Closing and Post-Closing Procedures
- Default and Enforcement of Security Interests
Who Should Attend:
- Trade Creditors
- Transactional Lawyers
- Business Managers
- Loan Workout Officers
- Chief Financial Officers
- Financial Reporting Officers
- Asset Management Officers
- In-house Counsel
- Corporate Counsel
- Top Level Management
John Blyth has an active Business, Finance, and Real Estate practice. He is the head of the firm’s Public Finance practice group. John has developed a broad-based and diverse background commercial finance, consumer finance, and public finance practice and financial institution BSA/AML and economic sanctions regulatory practice, building on his varied professional experiences.
Prior to joining Nyemaster Goode in 2012, John served for more than 11 years in various in-house legal and compliance roles for affiliates of De Lage Landen, a global provider of leasing, business and consumer finance services, including as general counsel in De Lage Landen’s London office from 2008 to 2011. John was in private practice in Des Moines for 20 years prior to his move to De Lage Landen representing commercial banks and other lenders in asset based lending, securitizations, secured and unsecured commercial lending and consumer finance transactions involving various structures and serving as bond counsel and underwriter, issuer, and borrower counsel in traditional government financing and conduit financing transactions.
John Blyth has an active Business, Finance, and Real Estate practice. He is the head of the firm’s Public Finance …
THOMAS LOIKITH is a member of Harwood Lloyd, LLC in Hackensack, New Jersey. He is a member of the firm’s Commercial Transaction Department and concentrates his practice in financial services, business, real estate and transactional law. Mr. Loikith received his undergraduate degree from Montclair State College in 1975 and his law degree from Rutgers School of Law-Newark in 1978. He was law secretary to Hon. Peter Ciolino, Superior Court of New Jersey, Chancery Division, Passaic County during the 1978-1979 term. He has spoken at and prepared materials for seminars regarding commercial loan documentation, Article 9 of the Uniform Commercial Code, business entities and financing, commercial title insurance policy endorsements and New Jersey limited liability companies.
THOMAS LOIKITH is a member of Harwood Lloyd, LLC in Hackensack, New Jersey. He is a member of the firm’s …
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Method of Presentation:
General knowledge of commercial law
NY Category of CLE Credit:
Areas of Professional Practice
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About Nyemaster Goode, P.C.
Founded in 1918, Nyemaster Goode is Iowa's largest law firm with offices in Des Moines, Ames, and Cedar Rapids. Our broadly diverse practice enables us to offer solutions to the most challenging legal issues in virtually every area of the law to companies that range in size from emerging start-ups to Fortune 500s, as well as to individuals.
About Harwood Lloyd LLC
In 1975, Richard Ryan, the late Frank V. D. Lloyd, and the late Victor C. Harwood founded Harwood Lloyd. Their high standards and tradition of legal excellence were based on the counsel of Mr. Lloyd’s father, Francis Van Duyne Lloyd, a former Bergen County Judge and Deputy Attorney General. Today, Harwood Lloyd has a team of more than 35 attorneys practicing in five major practice areas: commercial and business law; divorce and family law; wills, trusts and estates; insurance defense litigation and general litigation. Harwood Lloyd is recognized as one of Bergen County’s premier law firms and has gained the respect of its peers throughout New Jersey.