People often assume that federal law takes precedence over state law, and, in many cases, it does. However, when it comes to perfecting securities under the UCC, federal law preserves the priorities established by states. Stephen Brodie and Tzvi Weisz examine the interplay between security interests under the UCC and federal tax liens.
Fine art as collateral presents unique challenges for asset-based lenders. Title and authenticity are just two of the complex issues that make art loans more of a risk. Stephen Brodie represents lenders who have ventured into the world of fine art and suggests ways that lenders can protect themselves.