Civil Law

New York’s UCC Amendments Are Live: What Secured Lenders Need to Know About Digital Asset Collateral

John Norton, a 2026 summer associate with Troutman Pepper Locke who is not admitted to practice law in any jurisdiction, also contributed to this article.

Key Points

  • New York’s UCC amendments, effective June 3, 2026, add Article 12 and allow for an additional perfection method, “control,” for controllable electronic records (CERs) used as collateral.
  • A security interest perfected by control of a CER has priority over one perfected only by filing a UCC-1 financing statement, even if the filing came
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Civil Law

FCRA Compliance Tightened-Understanding the May 2025 Amendments to FCR Rules

Introduction

The Foreign Contribution (Regulation) Act, 2010 (“FCRA”)[i], regulates the flow and use of foreign funds by individuals, associations, and organisations in India. Over time, the regulatory framework under FCRA has evolved, introducing several compliance obligations for entities receiving foreign contributions. In April 2025[ii], a key amendment was introduced concerning the validity of prior permissions. To strengthen the FCRA regime further, the Ministry of Home Affairs (“MHA”) notified amendments to the Foreign Contribution (Regulation) Rules, 2011 … Read the rest