In the News

Darrell Pierce—Faculty Member at January 9 PLI Presentation on Secured Transactions

Full-Day Tutorial Will Address: “What Lawyers Need to Know About UCC Article 9”

December 18, 2012

Darrell W. Pierce—member, leader of Dykema’s Structured Finance and Securitization practice and supervisor of the Firm’s UCC Filing Team—will be a featured presenter at the Practising Law Institute (PLI) seminar, “Secured Transactions 2013: What Lawyers Need to Know About UCC Article 9.” The all-day session, which is CLE-accredited, will take place on Wednesday, January 9, 2013, at PLI’s New York Center (Seventh Avenue at 53rd Street). Attendees can participate either in person or via webinar.

This one-day session—aimed at attorneys of all levels in securities, corporate, banking and finance, and insurance law, as well as in-house counsel, financial planners, financial advisors, bankers and accountants—provides a comprehensive introduction to Article 9 of the Uniform Commercial Code (UCC), which applies to secured transactions:  interests in specific collateral granted by the debtor in conjunction with the debtor’s promise to pay. The session will explore the fundamentals of acquiring a security interest, how to secure the most common forms of collateral, the basics of drafting the security agreement and common default and enforcement issues, including protecting your security interest from the bankruptcy trustee.

Pierce has served as faculty member at this annual PLI event for 10 years.  He has a national reputation for handling sophisticated debt finance transactions, including structured finance transactions, securitization of financial assets and other significant secured transactions under Article 9 of the Uniform Commercial Code (UCC), including restructurings and workouts.

Additionally, Pierce served as member of the Article 9 Study Committee for the Permanent Editorial Board for the Uniform Commercial Code, as Chair of the Article 9 Filing Project and as the primary drafter of the International Association of Commercial Administrators’ Model Administrative Rules for Article 9 filing offices. Pierce also authored the chapter, “Secondary Market/Securitization,” which appears in the PLI publication, Consumer Financial Services Answer Book:  2012-13, co-edited by three Dykema attorneys: Richard E. Gottlieb,  Arthur B. Axelson and Thomas M. Hanson.

To learn more about this PLI presentation, or to register for the event, click here