Category Archives: UCC

Upending Trade Finance through Blockchain Technology

Trade finance, in both domestic and international financial transactions, is often utilized when one company seeks to import a shipment of goods from a supplier (or exporter). These transactions comprise an enormous amount of global trade. It is estimated that approximately 80 to 90 percent of world trade relies on trade finance. In fact, almost … Continue Reading

The UCC Shelter Rule: What Is It and How and When Should It Be Invoked?

By Joshua J. Phillips on July 13, 2015 Posted in UCC

What if a note is missing an endorsement or there are other problems with the negotiation of the note (e.g., the allonge is not properly affixed), such that the person to whom the note was delivered and who is in possession of the note is not a holder? In that scenario, Section 3-301 of the … Continue Reading