2013 Commercial Law Developments
Table of Contents

March 24, 2014

This is the full version of the 2013 Commercial Law Developments, as referred to in the Business Law Section's 2013 Annual Review.

  • Steven O. Weise, Proskauer Rose LLP, Los Angeles, California
  • Teresa Wilton Harmon, Sidley Austin LLP, Chicago, Illinois
  • John F. Hilson, Paul Hastings, Janofsky & Walker LLP, Los Angeles, California
  • Stephen S. Sepinuck, Gonzaga University School of Law, Gonzaga, Washington
  • Lynn A. Soukup, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC

I. Personal Property Secured Transactions

A. Scope of Article 9 and Existence of a Secured Transaction

  1. General
  2. Consignments
  3. Real Property
  4. Leasing
  5. Sales
  6. Intellectual Property and Licenses
  7. Tort Claims

B. Security Agreement and Attachment of Security Interest

  1. Security Agreement
  2. Obligation Secured
  3. Rights in the Collateral
  4. Restrictions on Transfer

C. Description or Indication of Collateral and the Secured Debt -- Security Agreements and Financing Statements

D. Perfection

  1. Certificates of Title
  2. Control
  3. Possession
  4. Financing Statements: Debtor and Secured Party Name
  5. Filing of Financing Statement -- Manner and Location
  6. Amendments, Termination and Lapse of Financing Statement

E. Priority

  1. Lien Creditors
  2. Buyers and Other Transferees
  3. Statutory Liens; Forfeiture
  4. Subordination and Subrogation
  5. Equitable Claims
  6. Set Off
  7. Priority -- Competing Security Interests
  8. Purchase-Money Security Interests
  9. Proceeds

F. Default and Foreclosure

  1. Default
  2. Repossession of Collateral
  3. Notice of Foreclosure Sale
  4. Commercial Reasonableness of Foreclosure Sale
  5. Effect of Failure to Give Notice, Conduct Commercially Reasonable Foreclosure Sale, or Otherwise Comply with Part 6 of Article 9

G. Collection

H. Retention of Collateral

II. Real Property Secured Transactions

III. Guaranties

IV. Fraudulent Transfers

V. Lender and Borrower Liability

A. Regulatory and Tort Claims -- Good Faith, Fiduciary Duties, Interference With Prospective Economic Advantage, Libel, Invasion of Privacy

B. Obligations Under Corporate and Securities Laws

VI. U.C.C. -- Sales and Personal Property Leasing

VII. Commercial Paper and Electronic Funds Transfers

VIII. Letters of Credit, Investment Securities, and Documents of Title

IX. Contracts

X. Other Laws Affecting Commercial Transactions

A. Consumer Law

B. Professional Liability

I. Personal Property Secured Transactions / Table of Contents