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Asset-Based Financing 2001

 
Author(s): Edwin E. Smith, Steven O. Weise
Practice Area: Banking, Bankruptcy & Restructuring, Corporate & Securities
Published: Apr 2001
ISBN: 0872249468
PLI Item #: 3777
CHB Spine #: A821

Steven Weise practices in all areas of commercial law, with an emphasis on financings.  Steve is a member of the Permanent Editorial Board for the Uniform Commercial Code and a member of the Council of the American Law Institute.  He is a member of the current UCC Articles 1, 3, 9 + Electronic Registry for Mortgage Notes Drafting Committee.  He was a member of the Drafting Committee on Amendments to Uniform Commercial Code Article 9 (2010) and was the American Bar Association’s Advisor to the Uniform Commercial Code Article 9 Drafting Committee (1993 – 1999).  He is the American Bar Association’s Representative to the United Nations Commission on International Trade Law’s Working Group on Security Interests and was the Reporter for National Conference of Commissioners on Uniform State Laws – American Law Institute Drafting Committee to Harmonize North American Law with Regard to the Assignment of Receivables in International Trade Convention.  He was a member of the U.S. Delegation to the UNIDROIT Model Law on Leasing project.

He was the Chair of the Business Law Section of the American Bar Association. Steve is a past chair of its Committee on Personal Property Secured Financing and a past chair of its Committee on Legal Opinions.  He is also a member of the New York TriBar Opinion Committee.  He was the Reporter for the TriBar Report on UCC Security Interest Opinions, the TriBar Report on Opinions on Secondary Sales of Securities (UCC Article 8), and the American Bar Association’s Legal Opinion Principles and Guidelines for the Preparation of Closing Opinions.  He is the former chair of the Executive Committee of the Business Law Section of the California State Bar and is the past Chair of its Committee on the Uniform Commercial Code.  He is the author of extensive Annual Updates on Commercial Law published by the American Bar Association and the State Bar of California. He also publishes articles on personal property secured transactions in the American Bar Association publication The Business Lawyer and lectures widely on commercial law topics, contract drafting (including use of “plain English”), and legal opinion letters.

Steve has received Lifetime Achievement Awards from the American College of Commercial Finance Lawyers, the American Bar Association (Uniform Commercial Code Committee of the Business Law Section), and the Business Law Section of the State Bar of California.

Education

Yale University (B.A., 1971); University of California, Berkeley, Boalt Hall School of Law (J.D., 1974).


Edwin E. Smith is a partner in the New York City and Boston offices of Morgan, Lewis & Bockius LLP.  He concentrates his practice in general commercial and insolvency law.  He has been a member of the teaching faculty at the Morin Center for Banking Law Studies at Boston University Law School, where he has taught secured transactions and transnational lending and trade finance.  He has also served as a lecturer on secured transactions at Northeastern University Law School of Law, Harvard Law School and Suffolk Law School.  As a Uniform Law Commissioner for the Commonwealth of Massachusetts, he has served as a member of the drafting committees for the 1995 revisions of Article 5 (letters of credit) and the 1999 revisions of Article 9 (secured transactions) of the Uniform Commercial Code and as the chair of the drafting committees that formulated the 2002 amendments to Articles 3 (negotiable instruments) and 4 (bank deposits and collections) of the Uniform Commercial Code, the 2010 amendments to Article 9 (secured transactions) of the Uniform Commercial Code,  the 2014 amendments to the Uniform Voidable Transactions Act (formerly the Uniform Fraudulent Transfer Act) and the 2018 Amendments to Articles 1, 3, 8 and 9 of the Uniform Commercial Code to address electronic mortgage notes secured by residential real property and registered in a federal registry.  He has also served on the drafting committees for the Uniform Certificate of Title Act (2005), the Uniform Assignment of Rents Act (2005), the Uniform Manufactured Housing Act (2012), the Uniform Limited Liability Company Protected Series Act (2017), the Uniform Regulation of Virtual-Currency Businesses Act (2017), and the Uniform Supplemental Commercial Law for the Uniform Regulation of Virtual-Currency Businesses Act (2018).  He is currently serving as the chair of the Permanent Editorial Board for the Uniform Commercial Code.  Mr. Smith is a past Chair of the Uniform Commercial Code Committee of the Business Law Section of the American Bar Association and a past member of the Council for the Business Law Section.  He also served as a U.S. delegate on the United Nations Convention on the Assignment of Receivables in International Trade and as a U.S. delegate to the United Nations Commission on International Trade Law (UNCITRAL) working group on creating a secured transactions guide for legislation in United Nations member countries.  He is a member of the American Law Institute, the National Bankruptcy Conference (for which he serves on the executive committee), the American College of Bankruptcy (for which he recently served as a member on the board of directors and as chair of the Policy Committee) and the International Insolvency Institute and is a past President of the American College of Commercial Finance Lawyers.  He is a graduate of Yale University and Harvard Law School.