The Fellows of the American College of Commercial Finance Lawyers (ACCFL) recently elected Professor Norman M. Powell as ACCFL President for the 2019-20 year. Founded in 1991, the College is dedicated to promoting the field of commercial finance law, and offers a venue to promote and recognize outstanding achievement and advances through education, legislative reform, and the recognition of distinguished practitioners, jurists and academics.
Powell is an Adjunct Professor at Temple Law, where he teaches Secured Transactions. His primary professional affiliation is as a partner in the Delaware law firm of Young Conaway Stargatt & Taylor, LLP where his practice includes formation of and service as Delaware counsel to corporations, limited liability companies, and statutory trusts, and the delivery of legal opinions involving complex matters of Delaware law.
Powell’s principal area of practice involves personal property secured transactions under Article 9 of the Uniform Commercial Code, one of several fields in which he is a nationally recognized expert. His preeminence in the field is demonstrated by, among other things, the fact that he is a member of the Permanent Editorial Board for the UCC (as ABA Advisor, 2013 – 2018, and as ALI Member, 2018 – present). He was also counsel to the Official Committee of Unsecured Creditors in the widely-followed litigation over the enforceability of security interests against certain assets of General Motors as part of its chapter 11 bankruptcy reorganization Official Committee of Unsecured Creditors of Motors Liquidation Co. v. JPMorgan Chase Bank, N.A., No. 325, 2014, 2014 Del. LEXIS 491, 2014 WL 5305937 (Del. Oct. 17, 2014), previously covered in The Temple 10-Q.
As President of the ACCFL, Powell hopes to increase awareness of, and participation in, the College by the next generation. He notes, “We’ve formed a Scholarship Promotion Committee dedicated to encouraging and recognizing scholarly writing in the commercial finance field, and a Candidate Outreach Committee dedicated to sharing with potential Fellows – and their employers – the special role College membership can play in their careers.”
The ACCFL seeks to bring together into an association those highly qualified members of the legal profession who, by reason of their character, skill, and ability, will contribute to the goals, accomplishments and good fellowship of the College. Powell has been a Fellow in the College since 2006, a member of its Executive Committee since 2015, and previously served as a Regent and as Chairman of its Fellows Nominating Committee.
Additional information about the College is available at https://www.accfl.com.