BRIEFINGS FOR FELLOWS

The College will host short updates from our observers to drafting projects, as well as on other topics and developments of interest to Fellows. Calls/webinars will be at 4 pm ET/1 pm PT (unless otherwise noted) on the specified date and are a benefit of fellowship in the College. Fellows Briefing calls are free of charge to ACCFL fellows. Emails directly to ACCFL Fellows contain the call-in number. 

Sponsorships are available to support briefings and other College programs.  For more information, contact the President-Elect.

Completed Fellows Briefings 

Date:  January 26, 2023

Presenters: Kenneth Chin, Kramer & Levin & Ronald Greenberg, Kramer & Levin

Topic:  UCC Article 9 Foreclosure Sales 

 

Date:  February 15, 2023

Presenters:  Edwin Smith, Morgan Lewis & Steven Weise, Proskauer

Topic:  Security Interests in Limited Liability Company and Partnership Interests - Part II 

 

Date:  March 22, 2023

 

Presenters:  Thomas Baxter, Sullivan & Cromwell, Patrick A. "Buzz" Guida, Partner, Duffy & Sweeney, Michael Wiseman, Partner, Sullivan & Cromwell  

Topic:  Special Deposits Account Act  

 

Date:  February 9, 2022 

Presenters:  Paul Hodnefield, Corporation Service Company/CSC Global, Darrell Piece, Dykerma Gossett PLLC  

Topic:  Filing Office Operations and Search Logic 

 

Date:  June 29, 2022 

Presenters:  Arleen Nand, Greenberg Traurig, LLP, Jessie Kirsh, of Counsel in the Global Finance Practice, Paul Hastings, LLP    

Topic:  Term Sheets, Proposals and Commitment Letters:  Lender and Borrower Perspectives 

 

Date:  October 12, 2022 

Presenters:  Edwin E. Smith, Morgan, Lewis & Bockius, LLP and Steven O. Weise, Proskauer Rose LLP     

Topic:  Security Interests in Limited Liability Company and Partnership Interests - Part I 

 

 

All information to access the briefings, along with any material links, has been, or will be, emailed to ACCFL Fellows.   If you are an ACCFL Fellow and have not received information on this briefing, please contact the College's administrative office at [email protected].  

The College gratefully acknowledges Fellow R. Marshall Grodner for assisting in the sponsorship from   and Fellow Pamela Martinson for the sponsorship from These PLATINUM Sponsors support all of the College's events, including the Fellows Briefing Calls.  Please visit the McGlinchey  and Sidley websites for more information.

Completed Briefings

  • June 2, 2021 Fellows Patrick Guida (Duffy & Sweeney, LTD); Peter Wasserman (JP Morgan Chase Bank) and Guest Speaker: Tess Virmani (LSTA) discussed LIBOR, the London Interbank Offered Rate. LIBOR, is a benchmark interest rate at which major global banks lend to one another in the short-term international interbank market. It is also the basis for consumer loans in countries around the world, such as credit cards, car loans, and adjustable rate mortgages. But with LIBOR based on a dwindling number of interbank transactions, USD LIBOR will be replaced by the Secured Overnight Financing Rate (SOFR) for derivatives and likely for syndicated and bilateral loans as well.  Last November the banking regulators released supervisory guidance that the regulators expect banks to cease originating LIBOR-referenced credit facilities after 2021.  The ICE Benchmark Administration made an announcement of future LIBOR cessation on March 5 and has since closed its consultation period on its intention to permanently cease publication of non-USD LIBOR and 1-week and 2-month USD LIBOR at the end of this year, but continue to publish the remaining tenors of USD LIBOR until the end of June 2023. The timeline set out by these two announcements clearly outlines LIBOR’s endgame. PowerPoint slides can be found here.