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
… Read the rest
Civil Law

(UK) The Court Considers the Question of Whether Secured Creditor Consent is Required to an Administration Extension Again. “Too Good” to be True?

No, it isn’t.  We now have two cases where the Court has confirmed that insolvency practitioners do not need the consent of paid secured creditors when extending an administration under para. 78 of Schedule B1 of the Insolvency Act 1986 (the “Act”).

In Boughey & Anor v Toogood International Transport and Agricultural Services Ltd [2024] EWHC 1425 (Ch) (“Toogood”)the judge agreed with the conclusions reached in the recent Pindar case – see our blog on this – concerning the interpretation … Read the rest