Description
Be ready when the Choice-of-Law Rules in New UCC Article 12 and Amended Article 9 come into effect!
The new UCC Article 12 and updated Article 9 are now in effect in 10 states, including Delaware, and are expected to become effective in even more states this coming year.
Applying these new rules to your business deals can be exceedingly complex, including navigating the choice-of-law rules to determine which jurisdiction’s laws will govern the rights and obligations of the parties to your transaction.
What do you need to know when applying the new choice-of-law rules under Article 12 or the amended choice-of-law rules of Article 9 or when drafting choice-of-law provisions?
The Uniform Law Commission and American Law Institute recently approved amendments updating the Uniform Commercial Code (UCC). Included in these amendments are the new Article 12 and updated Article 9 regarding mandatory and non-mandatory choice-of-law rules.
Because governing law can be a determining factor in litigation, before business disputes arise, find out what the new rules allow -- and don’t allow – in choosing the most advantageous venue options for your clients. Join us for this all-new webcast and hear from two key drafters of the UCC amendments as they explain and clarify:
- Which choice-of-law rules under the 2022 UCC Amendments can be set by agreement and which are mandatory
- How to structure transactions under the new rules to achieve your deal’s goals
- How to do due diligence on transactions involving collateral after applying the new rules
- How to apply the UCC’s choice-of-law rules in transactions involving controllable electronic records (CERs)