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The Effect of the 2022 UCC Amendments on Fund Finance Transactions
Reprinted from: Thomson Reuters Practical Law | August 27, 2024Cadwalader’s Christopher McDermott, Trent Lindsay, Christopher Montgomery and Eric Starr authored an article, “The Effect of the 2022 UCC Amendments on Fund Finance Transactions,” which appeared in the Thomson Reuters Practical Law guide as part of the publication’s “Expert Q&A” series on August 27.
The article discusses the potential impact of the 2022 amendments to the Uniform Commercial Code (UCC) on fund finance transactions. The 2022 UCC amendments include a new UCC Article 12 that creates a new UCC asset type (controllable electronic record (CER)) and new types of payment obligations (controllable accounts and controllable payment intangibles).
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