This program is eligible for 1 hour of CLE credit in 60-minute states. In 50-minute states, this program is eligible for 1.2 hours of CLE credit. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.
Overview
How do you know you own the digital assets in your wallet that is crypto currency? The Pennsylvania Uniform Commercial Code has been amended, effective August 31, 2024, to adopt a new Article 12 and corresponding UCC amendments, that provide commercial law rules for a new UCC category of transactions called “Controllable electronic records,” which generally includes virtual currencies, non-fungible tokens and certain other digital assets.
Recorded in October 2024.
Faculty
Kara M. Eshenaur, Esq.
Kara represents clients in commercial finance transactions. She counsels financial institutions, commercial lenders and borrowers in secured loan transactions, including asset-based financings, real estate development financings and acquisition financings. Kara teaches a class on secured transactions at the Widener Commonwealth Law School. Prior to attending law school, Kara served for six years as a generator mechanic in the Pennsylvania Army National Guard and spent time overseas in support of Operation Enduring Freedom.
Michael A. Morabito IV, Esq.
Michael A. Morabito concentrates his practice on the representation of financial institutions, banks, asset managers, credit funds, and portfolio companies across a variety of debt finance matters. Michael has notable experience representing agents, lenders, and borrowers in acquisition financings; private equity firms, their portfolio companies, and private companies in connection with asset and equity sales to strategic and private equity purchasers, bolt-on acquisitions, preferred equity investments, and mezzanine financings; registered funds in leverage and emergency credit facilities; private investors in connection with the purchase of distressed loans from individual lenders and securitization trusts; and investment banks and other lenders in connection with the purchase of private placements of debt securities. Prior to joining Blank Rome, Michael served as an associate at a Philadelphia-based law firm. During law school, Michael served as a senior research assistant and a managing editor of the Moorad Sports Law Journal.
Beverly Weiss Manne, Esq.
Ms. Manne is a shareholder in the Business and Restructuring Department of Tucker Arensberg, P.C. in Pittsburgh. Ms. Manne is admitted to practice in Pennsylvania and Maryland. Her practice includes creditors’ rights, commercial loan originations, restructuring and liquidations, receiverships, complex bankruptcies and reorganizations, and commercial lending/leasing workouts. She also is an adjunct professor at the University of Pittsburgh School of Law where she teaches Bankruptcy and Commercial Paper and Banking (Payment Systems). Ms. Manne is a fellow of the American College of Bankruptcy, a member of the ABA, PBA and Allegheny County Bar Association, International Women’s Insolvency and Restructuring Confederation, Commercial Law League (“CLLA”), American Bankruptcy Institute, and a past Chair of the ACBA Bankruptcy and Commercial Law Section. With respect to the PBA, Ms. Manne is a past Chair of the PBA Business Law Section, on the Council for the Section, co-chair of the Insolvency Law Modernization Task Force and the UCC Chapter 12 Adoption Task Force, and a formerly BLS’ representative in PBA’s House of Delegates. Ms. Manne was a member of the PBA Avoidable Transfer Rev. 2/5/2019 Act Adoption Task Force, the PBA Insolvency Law Task Force (1994-1996), and the UCC Article 9 Revisions Task Forces which were responsible for the adoption of Revised Article 9 in Pennsylvania in 2001 and the revisions in 2011. Ms. Manne was a co-chair of the PBA Shale Energy Committee (now the Energy Committee). Ms. Manne is a member of the CLLA Education and Bankruptcy Executive Committee. She served on the Western District Bankruptcy Court Chapter 11 Subchapter V Small Business procedures committees as well as the Complex Chapter 11 Procedures committee.. She was the initial president of the Judith K. Fitzgerald Western Pennsylvania Bankruptcy American Inn of Court, was on the Inn’s executive committee and is currently a Barrister in that Inn. Ms. Manne is also a member, an ex-officio officer and board member of the Turnaround Management Association and TMA International. Ms. Manne has authored various publications and blog articles and lectures frequently on commercial law issues including bankruptcy, banking, mechanics liens, energy and Uniform Commercial Code issues. Ms. Manne received her B.A. from the University of Pittsburgh, Magna Cum Laude, Phi Beta Kappa, and her law degree from University of Pittsburgh School of Law. She is a Pennsylvania Super Lawyer in Bankruptcy & Creditor/Debtor Rights Category for 2006 through the present, and; has been selected by her peers for inclusion in The Best Lawyers in America® 2007 through the present in the Bankruptcy and Creditor-Debtor Rights Law category.

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