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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
PLI Item #: 3777
CHB Spine #: A821

Steve Weise has extensive financing experience, especially in transactions secured by personal property, including structured financing. Steve lectures widely on commercial law topics and legal opinion letters and is the author of over 100 articles on these topics. He has been a member of and an advisor to Uniform UCC Article 9 Drafting Committees and is the representative of the ABA to the United Nations Commission on International Trade Law Working Group on Secured Transactions. Steve is a member of the Permanent Editorial Board for the UCC and a member of the Council of the American Law Institute.

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 and the 2014 amendments to the Uniform Voidable Transactions Act (formerly the Uniform Fraudulent Transfer Act). 

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) and the Uniform Regulation of Virtual Currency Businesses Act (2017). He is the chair of the drafting committee considering amendments to the Uniform Commercial Code to address electronic mortgage notes secured by residential real property and registered in a federal registry. He is currently serving as a Uniform Law Commission representative to 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.