Program Details
2025-10-03 14:00:00
Over 1,000+ webinars
Course Overview
2025-10-03 14:00:00
2h CLE Credits
Intermediate
2
2:00 pm - 3:00 pm ESTThis session examines critical strategies for structuring security interests in LLC and partnership equity, including proper Article 8 opt-in procedures and collateral characterization. Attendees will learn how to avoid common drafting mistakes, understand the benefits of perfection by control versus filing, and navigate the practical challenges of enforcing security interests in equity pledges.
Steven O. Weise.
Edwin E. Smith
Shelli Clarkston
Brian M. Devling 3:00 pm - 3:10 pm ESTA brief intermission allowing attendees to refresh and connect with fellow participants. Use this time to reflect on Session I concepts before diving into foreclosure procedures.
Steven O. Weise.Edwin E. SmithShelli ClarkstonBrian M. Devling 3:10 pm - 4:10 pm ESTThis session provides comprehensive guidance on executing foreclosures on equity interests, covering private sales, public sales, strict foreclosure, and credit bidding strategies. Participants will also explore critical regulatory considerations including OCC/FDIC concerns, securities law compliance, cross-ownership prohibitions, and regulatory capital implications for banks acquiring equity through foreclosure.
Steven O. Weise.Edwin E. SmithShelli ClarkstonBrian M. DevlingSteve Weise is a partner practicing a wide range of commercial law, with particular focus on matters arising under the Uniform Commercial Code, especially Article 9 – Secured Transactions. He is a nationally recognized expert in these matters and is also authoritative on third-party opinion letters, contract law, online contracting, plain English drafting, and boilerplate.
Edwin E. Smith is a Senior Consultant at Morgan, Lewis & Bockius LLP, based in the firm’s Boston and New York offices, where he concentrates his practice in commercial law, debt financing, structured financing, workouts, bankruptcies, and international transactions. Ed is particularly knowledgeable on commercial law and insolvency matters, both domestic and cross-border, and his representations have included major bankruptcies such as Refco, Lehman, the City of Detroit, and PG&E. Chambers USA has noted he “probably knows as much about UCC as anybody in the country.”
Shelli J. Clarkston is Of Counsel at Spencer Fane LLP in the firm’s Kansas City office, where she focuses her practice on regulatory compliance, corporate governance, and strategic transactions for clients in the financial services, FinTech, and technology sectors. Her work combines deep knowledge of the evolving regulatory environment with practical experience advising banks, credit unions, lenders, and technology companies on structuring compliant, forward-looking business operations. In the financial institutions and FinTech space, she counsels clients on licensing, lending, payments, and consumer protection laws, including the Bank Holding Company Act, the Gramm-Leach-Bliley Act, the Truth in Lending Act, the Equal Credit Opportunity Act, and state-specific lending frameworks. She regularly assists fintech companies with bank partnerships, compliance management systems, and vendor management obligations to align with FDIC, OCC, NCUA, CFPB, and state regulator expectations. Her multidisciplinary approach allows her to serve as a strategic advisor to clients addressing complex regulatory, transactional, and technology-driven issues, helping them innovate and grow while minimizing legal and compliance risk.
Brian Devling represents lenders in the origination and workout of middle-market commercial finance transactions, applying a resourceful and pragmatic approach to collaborative planning for risk-averse and cost-efficient outcomes.
Steve Weise is a partner practicing a wide range of commercial law, with particular focus on matters arising under the Uniform Commercial Code, especially Article 9 – Secured Transactions. He is a nationally recognized expert in these matters and is also authoritative on third-party opinion letters, contract law, online contracting, plain English drafting, and boilerplate.
Edwin E. Smith is a Senior Consultant at Morgan, Lewis & Bockius LLP, based in the firm’s Boston and New York offices, where he concentrates his practice in commercial law, debt financing, structured financing, workouts, bankruptcies, and international transactions. Ed is particularly knowledgeable on commercial law and insolvency matters, both domestic and cross-border, and his representations have included major bankruptcies such as Refco, Lehman, the City of Detroit, and PG&E. Chambers USA has noted he “probably knows as much about UCC as anybody in the country.”
Shelli J. Clarkston is Of Counsel at Spencer Fane LLP in the firm’s Kansas City office, where she focuses her practice on regulatory compliance, corporate governance, and strategic transactions for clients in the financial services, FinTech, and technology sectors. Her work combines deep knowledge of the evolving regulatory environment with practical experience advising banks, credit unions, lenders, and technology companies on structuring compliant, forward-looking business operations. In the financial institutions and FinTech space, she counsels clients on licensing, lending, payments, and consumer protection laws, including the Bank Holding Company Act, the Gramm-Leach-Bliley Act, the Truth in Lending Act, the Equal Credit Opportunity Act, and state-specific lending frameworks. She regularly assists fintech companies with bank partnerships, compliance management systems, and vendor management obligations to align with FDIC, OCC, NCUA, CFPB, and state regulator expectations. Her multidisciplinary approach allows her to serve as a strategic advisor to clients addressing complex regulatory, transactional, and technology-driven issues, helping them innovate and grow while minimizing legal and compliance risk.
Brian Devling represents lenders in the origination and workout of middle-market commercial finance transactions, applying a resourceful and pragmatic approach to collaborative planning for risk-averse and cost-efficient outcomes.
Requirements
The Alabama State Bar MCLE Commission requires attorneys to complete 12 credits, including 1 ethics, by December 31 of each year. All credits must be reported by February 15 of the following year. A maximum of 12 credits, including 1 ethics credit, may be carried over for 1 year only.
Formats
