Sidney Goldstein has expertise in banking, asset-based lending and creditor’s rights. Sidney’s practice consists of the consultation, structuring, review, preparation and negotiation of all types of loan agreements (including, syndicated loans) and related collateral documentation (i.e., security agreements, pledge agreements, mortgages, control agreements, etc.) on behalf of commercial banks and other institutional lenders, with all types of borrowers, including, manufacturers, service providers, commodity dealers and hedge funds. He also provides the same services for lenders engaged in asset-based lending and factoring activities. Additionally, he provides clients with the opportunity to submit their standard loan documentation for review and revision on a periodic basis so as to assure compliance with UCC and/or regulatory developments.
He was general counsel for a New York City bank and a listed public corporation before entering private practice. Sidney previously chaired and participated in numerous programs presented by the American Bar Association (ABA) and the New York State Bar Association (NYSBA) on topics related to financing businesses. He has published related articles in various business magazines and The Practical Lawyer.
Sidney is co-author of the chapter on bankruptcy law in the Corporate Counseling Handbook published by the NYSBA. He is a contributing editor of Advising Small Businesses, a treatise on this area of the law. His monograph, Loan Agreements, is published by Lexis/Nexis. He is a former chairman of the Business Law Committee of the ABA General Practice Section and is currently a member of the Banking Law Committee of the NYSBA. As an active participant in The New York Institute of Credit, he taught the credit law course at the Institute. He played an active role in the drafting of Revised Article 5 of the Uniform Commercial Code, which covers letters of credit. He was appointed to the ABA’s Committee to Revise Article 7 of the UCC, which deals with documents of title. Currently, he is a member of an ABA Task Force which drafted a standard form of a Deposit Account Control Agreement.
- State of New York
- Asset-based lending
- Bankruptcy law
- Creditor’s rights
- New York University School of Law, LL.B., 1958
- New York University, B.S., 1955