What Every Practitioner Needs to Know About New York’s Enactment of the Uniform Voidable Transactions Act (“UVTA”), Effective April 4

Tuesday, April 7, 2020 | 12:00 pm – 2:30 pm

Program Chair:

Alan Kolod
Moses & Singer LLP

Description
Faculty
Agenda
CLE Credit
Sponsors

In 2019, the New York Legislature leap-frogged the 1984 Uniform Fraudulent Transfer Act, going directly from the 100 year old Uniform Fraudulent Conveyance Law to the current version of the UVTA. An expert panel will explain how the UVTA (revised Article 10 of the Debtor and Credit Law) dramatically changes and modernizes New York fraudulent transfer law.

This program will:
- Put into context the historical evolution of fraudulent transfer law from the Statute of Elizabeth to the UVTA
- Explain the differences between the UVTA and the Bankruptcy Code avoidance provisions
- Explain the major changes to existing New York law, including those relating to:
  - Choice of law
  - Statute of limitations
  - Burdens of proof and persuasion
  - Defenses available to transferees
  - Elimination of archaic principles from partnership and secured transaction law
- Provide insight into the Uniform Law Commission’s process for drafting potential uniform laws for state enactment
Program Fee:
$49 for Members | $99 for Nonmembers
Camille C. Bent
BakerHostetler LLP

James Gadsden
Carter Ledyard & Milburn LLP

Edwin E. Smith
Morgan, Lewis & Bockius LLP
12:00 – 12:05 pm
Introduction

12:05 – 12:25 pm
History of Legal Developments Leading to the UVTA

12:25 – 12:35 pm
State Adoption Patterns

12:35 – 12:50 pm
Differences between UVTA and Bankruptcy Code

12:50 – 1:30 pm
UVTA Changes to Prior UFTA Law

1:30 – 2:10 pm
Changes to NY Law

2:10 – 2:20 pm
Transition/Effective Date

2:20 – 2:30 pm
Q & A
New York: 2.5 Professional Practice
New Jersey: 2.5 General
California: 2.5 General
Pennsylvania: 2.0 General
Connecticut: Available to Licensed Attorneys
Sponsoring Association Committees:
Bankruptcy & Corporate Reorganization, Christopher K. Kiplok, Chair
Commercial Law and Uniform State Laws, Alan Kolod, Chair

Sponsorship Opportunities are Available! Please Contact:
Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org

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