News & Analysis as of

Uniform Commercial Code (UCC) Proposed Amendments

Cadwalader, Wickersham & Taft LLP

TriBar Releases Report on Digital Asset Opinions under UCC Article 12

The official drafting committees of the Uniform Commercial Code have promulgated proposed amendments (the “2022 Amendments”) to address transactions with certain digital assets, notably adding a new Article 12 on Controllable...more

Lathrop GPM

Digital Assets as Collateral Under the Uniform Commercial Code

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In 2019, the American Law Institute (“ALI”) and Uniform Law Commission (“ULC”) began developing amendments to the Uniform Commercial Code (“UCC”) to adapt to the changing landscape of transactions involving digital assets,...more

Mayer Brown

The UCC Amendments and Their Impact on Negotiable Instruments in Trade Finance

Mayer Brown on

In its current form, the Uniform Commercial Code (“UCC”) does little to accommodate emerging technologies such as cryptocurrencies and non-fungible tokens.  In efforts to modernize and adapt the Uniform Commercial Code to...more

Harris Beach PLLC

Proposed UCC Amendments Set Guidelines for Security Interests in Digital Assets

Harris Beach PLLC on

Lenders looking to take security interests in digital assets, including cryptocurrency and non-fungible tokens (NFTs), may gain some certainty in the near future. The Uniform Commercial Code (UCC) sponsoring...more

McGlinchey Stafford

Podcast: DeFi and Digital Assets: What do the UCC Amendments Mean for Business Transactions? [More with McGlinchey, Ep. 46]

McGlinchey Stafford on

Big changes are coming to the UCC, the Uniform Commercial Code, with regard to cryptocurrency and other digital assets. What will that mean to business transactions involving those digital assets going forward? In this...more

Dechert LLP

The UCC and Emerging Technologies: Proposed Amendments

Dechert LLP on

Emerging technologies, such as bitcoin, blockchain and non-fungible tokens (“NFTs”), have led to the creation of massive alternative investment vehicles, additional portfolio diversification as well as expansion of the...more

Proskauer Rose LLP

The Other Side of The Coin: Cryptocurrency Assets in Bankruptcy

Proskauer Rose LLP on

On July 5, 2022, cryptocurrency brokerage Voyager Digital filed for chapter 11 in the Southern District of New York Bankruptcy Court, citing a short-term “run on the bank” due to the “crypto winter” in the cryptocurrency...more

Morris James LLP

Delaware Proposes Updates to Its LLC Statute Regarding Series LLCs

Morris James LLP on

On April 6, the Delaware Corporation Law Section of the Delaware Bar Association proposed some major and minor amendments to the Delaware Limited Liability Company Act. If introduced in and approved by the Delaware General...more

Snell & Wilmer

UPDATE: UCC Amendments Signed by Governor Brewer

Snell & Wilmer on

The 2010 Amendments to Article 9 of the Arizona Uniform Commercial Code are now effective. UCC Amendments Pass Both Houses of the Arizona Legislature - This alert was previously published on April 17, 2014. ...more

Snell & Wilmer

UCC Amendments Pass Both Houses of the Arizona Legislature

Snell & Wilmer on

SB 1046, which is Arizona’s version of the 2010 amendments to Article 9 of the Uniform Commercial Code (Secured Transactions) (UCC), has passed both Houses of the Arizona Legislature and may be signed by the Governor in the...more

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