SECURED TRANSACTIONS PRACTICE: SECURITY AGREEMENTS TO FORECLOSURES, PART 1 & PART 2 First Run Broadcast: November 26 & 27, 2018 1:00 p.m. E.T./12:00 p.m. C.T./11:00 a.m. M.T./10:00 a.m. P.T. (60 minutes each day) Secured transactions are the most common form of commercial transaction and help finance businesses of every size. They are governed by the precise provisions of UCC Article 9. Getting every detail – financing statements, security agreements, perfection, foreclosure and sale – is essential. These transactions can be complex, sometimes difficult to draft and costly, and full of risk. Failure to comply with UCC Article 9 in drafting security agreements, perfecting a creditor’s interest, or on the foreclosure of a lien can easily cause the value of the underlying transaction to be lost. This program will provide you with a real-world guide to drafting the most important components of a security agreement, perfecting the interest, and cost-effective enforcement of liens. Day 1 – November 26, 2018: • 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 Day 2 – November 27, 2018: • Framework for the foreclosure of personal property under UCC Article 9 • Foreclosing on equipment, inventory, intellectual property, and accounts receivable • Duties of junior creditors to senior creditors on foreclosure • Rights to proceeds of foreclosure sales and reducing foreclosure costs • Rights of guarantors • Debtor remedies in the event of a secured party default • Cost-efficient alternatives to foreclosures and circumstances when these alternatives are available Speaker: 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. Mr. Weise received his B.A. from Yale University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.
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Transcript
SECURED TRANSACTIONS PRACTICE: SECURITY AGREEMENTS TO
• Enhancing enforceability of security agreements and reduce risks in foreclosure
Day 2 – November 27, 2018:
• Framework for the foreclosure of personal property under UCC Article 9
• Foreclosing on equipment, inventory, intellectual property, and accounts receivable
• Duties of junior creditors to senior creditors on foreclosure
• Rights to proceeds of foreclosure sales and reducing foreclosure costs
• Rights of guarantors
• Debtor remedies in the event of a secured party default
• Cost-efficient alternatives to foreclosures and circumstances when these alternatives are
available
Speaker:
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. Mr. Weise received his B.A. from Yale
University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.
VT Bar Association Continuing Legal Education Registration Form
Please complete all of the requested information, print this application, and fax with credit info or mail it with payment to: Vermont Bar Association, PO Box 100, Montpelier, VT 05601-0100. Fax: (802) 223-1573 PLEASE USE ONE REGISTRATION FORM PER PERSON. First Name ________________________ Middle Initial____ Last Name__________________________
Secured Transactions Practice: Security Agreements to Foreclosures, Part 1
Teleseminar November 26, 2018
1:00PM – 2:00PM 1.0 MCLE GENERAL CREDITS
PAYMENT METHOD:
Check enclosed (made payable to Vermont Bar Association) Amount: _________ Credit Card (American Express, Discover, Visa or Mastercard) Credit Card # _______________________________________ Exp. Date _______________ Cardholder: __________________________________________________________________
VBA Members $75 Non-VBA Members $115
NO REFUNDS AFTER NOVEMBER 19, 2018
VT Bar Association Continuing Legal Education Registration Form
Please complete all of the requested information, print this application, and fax with credit info or mail it with payment to: Vermont Bar Association, PO Box 100, Montpelier, VT 05601-0100. Fax: (802) 223-1573 PLEASE USE ONE REGISTRATION FORM PER PERSON. First Name ________________________ Middle Initial____ Last Name__________________________
Secured Transactions Practice: Security Agreements to Foreclosures, Part 2
Teleseminar November 27, 2018
1:00PM – 2:00PM 1.0 MCLE GENERAL CREDITS
PAYMENT METHOD:
Check enclosed (made payable to Vermont Bar Association) Amount: _________ Credit Card (American Express, Discover, Visa or Mastercard) Credit Card # _______________________________________ Exp. Date _______________ Cardholder: __________________________________________________________________
VBA Members $75 Non-VBA Members $115
NO REFUNDS AFTER NOVEMBER 20, 2018
Vermont Bar Association
CERTIFICATE OF ATTENDANCE
Please note: This form is for your records in the event you are audited Sponsor: Vermont Bar Association Date: November 26, 2018 Seminar Title: Secured Transactions Practice: Security Agreements to Foreclosures, Part 1 Location: Teleseminar - LIVE Credits: 1.0 MCLE General Credit Program Minutes: 60 General Luncheon addresses, business meetings, receptions are not to be included in the computation of credit. This form denotes full attendance. If you arrive late or leave prior to the program ending time, it is your responsibility to adjust CLE hours accordingly.
Vermont Bar Association
CERTIFICATE OF ATTENDANCE
Please note: This form is for your records in the event you are audited Sponsor: Vermont Bar Association Date: November 27, 2018 Seminar Title: Secured Transactions Practice: Security Agreements to Foreclosures, Part 2 Location: Teleseminar - LIVE Credits: 1.0 MCLE General Credit Program Minutes: 60 General Luncheon addresses, business meetings, receptions are not to be included in the computation of credit. This form denotes full attendance. If you arrive late or leave prior to the program ending time, it is your responsibility to adjust CLE hours accordingly.
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