A report on the progress of the Uniform Law Commission and American Law Institute Committee on the Uniform Commercial Code and Emerging Technologies, with comparative law remarks from a European point of view.
Wednesday, 2 June 2021, 17:00–19:00 CET or 11:00–13:00 ET
Welcome and introduction
Spyridon Bazinas
IACPIL, Board Member
Observer, ULC/ALI Committee on the Uniform
Commercial Code and Emerging Technologies
Progress report
Edwin E. Smith
Partner, Morgan, Lewis & Bockius LLP, New York and Boston
Uniform Law Commissioner from the Common-wealth
of Massachusetts currently serving as chair of the ULC/ALI
Committee on the Uniform Commercial Code and Emerging Technologies
Comparative law remarks from a European point of view
Andrea Tosato
Associate Professor in Commercial Law, University of Nottingham Law School
Lecturer, University of Pennsylvania Law School Observer,
ULC/ALI Committee on the Uniform Commercial Code and Emerging Technologies
Discussion
The Joint Committee on the Uniform Commer-cial Code and Emerging Technologies, with members from the American Law Institute and the Uniform Law Commission, is drafting amendments to the Uniform Commercial Code to accommodate emerging technological develop-ments. The committee is addressing, among other issues, distributed ledger technology, virtual currency, electronic notes and drafts, other digital assets, payments, and bundled transactions.