Skill

legalcode-security-collateral-review

Review security interest packages and collateral documentation across US, UK, and EU jurisdictions. Covers UCC Article 9 (attachment, perfection by filing/control/possession, priority rules, PMSI super-priority, fixture filings, continuation statements, 2022 digital asset amendments), deposit account control agreements (DACAs), investment property control, IP security interests (copyright §205 Copyright Office recordation, patent/trademark UCC vs. federal preemption circuit split), UK fixed and floating charges (Companies Act 2006 ss.859A-859Q registration, Re Spectrum Plus [2005] UKHL 41 fixed/floating test, crystallization), UK financial collateral (FCARs 2003), all-asset debentures, real property mortgages and deeds of trust (recording, SNDAs, Garn-St. Germain, cross-collateralization, dragnet clauses), intercreditor arrangements (first/second lien ICAs, unitranche FLFO, AAL standstill provisions), EU Financial Collateral Directive 2002/47/EC, secured party enforcement and remedies (UCC §§9-601–9-628, commercial reasonableness standard, deficiency calculations), bankruptcy interaction (§§362, 363, 544, 547, 548, 552, adequate protection), and secured party duties (UCC §§9-207, 9-210). Produces a collateral-package adequacy assessment with GREEN/YELLOW/RED/ CRITICAL classification per asset class, perfection gap analysis, priority conflict detection, and ranked remediation action plan.