FacultyFaculty/Author Profile
Darrell W. Pierce

Darrell W. Pierce

Dykema

Chicago and Ann Arbor, MI, USA


Darrell W. Pierce focuses his practice in the areas of commercial and corporate finance law. With offices in Chicago and Ann Arbor, he has earned a national reputation for handling sophisticated debt finance transactions, including structured finance transactions, securitization of financial assets and other significant secured transactions under Article 9 of the Uniform Commercial Code (UCC), including restructurings and workouts. Mr. Pierce is co-leader of the Firm's Lending Team and supervises its UCC Filing Team.

Mr. Pierce regularly represents lenders and their agents in connection with secured and unsecured loans, letters of credit and other bank products. He is familiar with the requirements for security interests in a wide variety of collateral, including collateral located abroad, and has extensive experience representing lenders and borrowers in connection with troubled credits. He works closely with Dykema bankruptcy attorneys to ensure a smooth transition and an appropriate outcome should a bankruptcy become necessary. He also represents leasing companies and issuers in public-finance transactions.

This experience enables Mr. Pierce to provide effective and efficient representation to issuers of debt and other sophisticated borrowers. As the leader of Dykema’s Structured Finance and Securitization practice, he is able to provide the requisite advice and legal opinions to limit recourse, address bankruptcy risks and support the issuance of asset-backed securities.

Mr. Pierce served as member of the Article 9 Study Committee for the Permanent Editorial Board for the Uniform Commercial Code, as Chair of the Article 9 Filing Project and as the primary drafter of the International Association of Commercial Administrators’ Model Administrative Rules for Article 9 filing offices. He is a frequent lecturer and writer regarding UCC matters.

Seminars & Speeches

What Lawyers Need to Know About UCC Article 9, Delivered each year since 2000, Practising Law Institute, New York, NY

Article 9 Updates, Delivered semi-annually each year since 2007, Lorman Educational Services

Revised Article 9—Towards Perfection in Filing, Uniform Commercial Code Institute, Chicago, IL
1999-2003 and 2007

Revised Article 9 of the UCC, and Business Boot Camp, Security Agreements, Security Interests and Understanding Priorities, Michigan Institute for Continuing Education, Troy, MI
2001, 2004 and 2006

Publications

"Allonges: separate indorsements not effective unless affixed" August 20, 2014
Association of Corporate Counsel

"'Secondary Market/Securitizations', Consumer Financial Services Answer Book 2012-13"
2012
Practising Law Institute

" 'The Article 9 Filing System,' Secured Transactions 2012: What Lawyers Need to Know About UCC Article 9" 2012
Practising Law Institute

"The Revised Article 9 Filing System: Did It Meet Its Objectives?" 2011
Uniform Commercial Code Law Journal, Vol. 44, No. 1

"Secured Transactions" 2005
Illinois Law and Agribusiness, 2005 Supplement, Chapter 2, Illinois Institute for Continuing Legal Education

"Security Agreements, Perfecting Security Interests and Understanding Priorities" 2004
Michigan Institute for Continuing Legal Education, Chapter for Business Boot Camp Course Materials

"A Practical Guide to the New UCC Filing System" 2000
Review of Banking & Financial Services, Vol.16 No.4 Standard & Poor's

"Revised Article 9 of the Uniform Commercial Code: Filing System Improvements and Their Rationale" 1998
Uniform Commercial Code Law Journal, Vol.31 No.1

Blog Posts

Motors Liquidation: Lessons to be Learned Execution of the Security Agreement

Beware of Including In-Transit Inventory in the Borrowing Base Allonges: Separate Indorsements Not Effective Unless Affixed

Insurance Settlement Proceeds: Held Not Subject to Lien on Payment Intangibles, But Might They Have Been Proceeds of Collateral?

A Different Take on the Supposed U.S. Appeals Court Holding that Collateral “Proceeds” Do Not Include “Accounts” Can a Filer Rely on §9-506? A Ringside Seat to the "Maine" Event

Future Commercial Tort Claims: Attachment and Perfection UCC Filing Maintenance Systems: Unintended Consequences Non-Uniform Rules: A Trap for the Unwary?

Secured Party Names: Are There Risks If You Don’t Get Them Right?

What Can We Learn from Uniform Commercial Code Issues and Case Law?

Memberships & Involvement

  • American Law Institute, Member
  • American Bar Association, ABA Filing Office Operations and Search Logic Task Force, Co-Chair
  • State Bar of Michigan
  • State Bar of Michigan, Uniform Commercial Code Committee, Chair
  • Practising Law Institute, Faculty Member

Community/Civic Activities

  • Director and Board President, Ann Arbor Civic Theatre, 2005-present
  • Michigan Chamber Brass, Director, 2004-2007
  • Ann Arbor Chamber of Commerce Public Policy Committee, 2003-2008
  • Evanston, Illinois, Cub Scout Pack 12, Den Leader and Pack Committee Member, 1995-2000

 Awards & Recognition

Named an Illinois Leading Lawyer in the areas of Corporate Finance, Secured Transactions and Securities & Venture Finance by Leading Lawyers Network, 2011-2016. Law Bulletin Publishing Company

Named a Michigan Leading Lawyer in the areas of Corporate Finance and Securities & Venture Finance Law by the Leading Lawyers Network, 2014-2016. Law Bulletin Publishing Company

Recognized in Michigan Super Lawyers® for Banking, Business/Corporate, Securities & Corporate Finance, 2005-2006, 2008

Recipient of an AV® Preeminent™ Rating by Martindale-Hubbell

Areas Of Practice

Business Services
Commercial Lending
Structured Finance
Corporate Finance
International Law & Trade Regulation
Public Finance
Bankruptcy, Insolvency & Creditors' Rights
In- and Out-of-Court Restructurings & Liquidations
Energy Lending Transactions

Industries

Automotive Industry Group
Financial Industry Group
Commercial Lending
Consumer Financial Services
Debt Acquisition Counseling
Structured Finance
Energy Lending Transactions
Food & Beverage

Bar Admissions

Illinois, 1980

Michigan, 2004

Education

  • University of Michigan, J.D., cum laude
  • Dartmouth College, A.B., cum laude
Darrell W. Pierce is associated with the following items:
CHB Chapters  CHB Chapters The Article 9 Filing System - Secured Transactions 2017: What Lawyers Need to Know About UCC Article 9, Thursday, January 12, 2017
The Filing System (PowerPoint slides) - Secured Transactions 2017: What Lawyers Need to Know About UCC Article 9, Thursday, January 12, 2017
Web Segment  Web Segment The Filing System, Equity Interests and Anti-Assignment Clause Overrides under Article 9 - Secured Transactions 2017: What Lawyers Need to Know About UCC Article 9, Friday, January 13, 2017
MP3 Audio  MP3 Audio The Filing System, Equity Interests and Anti-Assignment Clause Overrides under Article 9 - The Filing System, Equity Interests and Anti-Assignment Clause Overrides under Article 9, Friday, January 13, 2017
Transcripts  Transcripts The Filing System, Equity Interests and Anti-Assignment Clause Overrides under Article 9 - The Filing System, Equity Interests and Anti-Assignment Clause Overrides under Article 9, Friday, January 13, 2017
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg The Filing System, Equity Interests and Anti-Assignment Clause Overrides under Article 9 - The Filing System, Equity Interests and Anti-Assignment Clause Overrides under Article 9, Friday, January 13, 2017
On-Demand Web Programs  On-Demand Web Programs Secured Transactions 2017: What Lawyers Need to Know About UCC Article 9, Wednesday, January 25, 2017, New York, NY
Answer Book Chapters  Answer Book Chapters Secondary Market/Securitization - Consumer Financial Services Answer Book (2017 Edition), Thursday, June 22, 2017
Live Seminar  Live Seminar Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, New York, NY
Live Webcast  Live Webcast Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, New York, NY
PLI Grpcast-Live Web  PLI Grpcast-Live Web Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, New Brunswick , NJ
Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, Atlanta, GA
Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, Nashville, TN
Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, Pittsburgh, PA
Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, Cleveland, OH
Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, Mechanicsburg, PA
Secured Transactions 2018: What Lawyers Need to Know About UCC Article 9, Wednesday, January 10, 2018, Philadelphia, PA
Share
Email

  • FOLLOW PLI:
  • twitter
  • LinkedIn
  • GooglePlus
  • RSS

All Contents Copyright © 1996-2017 Practising Law Institute. Continuing Legal Education since 1933.

© 2017 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.