Powell to Present at American Law Institute Advanced Commercial Finance Program

May 11, 2018Press Release

For Immediate Release

Wilmington, DE –  The American Law Institute will present an all-day, advanced level seminar in New York City on Friday, May 11.  Subtitled “Critical Issues Below the Surface,” the seminar will include seven presentations addressing significant issues often overlooked in the most challenging secured lending transactions and strategies for surmounting those issues.  Norman M. Powell, together with Teresa Wilton Harmon and Professor Neil B. Cohen, will present a session entitled, “Who is the Debtor?  The Curious Case of Trusts, LLPs, Series LLCs, and Related Entities.”  The program is based in part on Mr. Powell’s articles, Filings Against Trusts and Trustees Under the Proposed Revisions to Current Article 9 – Thirteen Variations, 42 UCC L.J. 375 (2010), and Secured Lending to Series of LLCs:  Beware What You Do Not (and Cannot) Know, 46 UCC L.J. 95 (2015). 

Founded in 1923, The American Law Institute is the leading independent organization in the United States producing scholarly work to clarify, modernize, and improve the law.  The ALI drafts, discusses, revises, and publishes Restatements of the Law, Model Codes, and Principles of Law that are enormously influential in the courts and legislatures, as well as in legal scholarship and education.  By participating in the Institute’s work, its distinguished members have the opportunity to influence the development of the law in both existing and emerging areas, to work with other eminent lawyers, judges, and academics, to give back to a profession to which they are deeply dedicated, and to contribute to the public good. 

Mr. Powell is a partner in the Delaware law firm of Young Conaway Stargatt & Taylor, LLP, where his practice includes formation of and service as Delaware counsel to corporations, limited liability companies, and statutory trusts, and the delivery of legal opinions relating to such entities, security interests, and other matters of Delaware law.  He is an elected member of the ALI, an American Bar Association advisor to the Permanent Editorial Board on the UCC and an American Bar Association Business Law Section Advisor to the Uniform Law Commission’s Series of Unincorporated Business Entities Committee. He is admitted to practice in Delaware, New Jersey, New York, and Pennsylvania.

Young Conaway Stargatt & Taylor, LLP counsels national and international clients, handling sophisticated advisory and litigation matters involving bankruptcy, intellectual property, corporate and alternative entity law. Young Conaway also guides regional businesses through a myriad of employment, education, real estate, tax, estate planning, environmental, and banking issues. For additional information, contact Marketing and Business Development Director Felicia Gojmerac, [email protected].