Most lawyers are trained to read every line of the law carefully and simply understand the legal decisions – At Law Offices of Leonard M. Wiener LLC, we read between the lines and understand our clients and their trade practices.

Creativity is what distinguishes good lawyers from mediocre ones. The lawyers who can solve problems most creatively are the ones clients value most.

Our philosophy is simple. We focus on a select core industry, the Diamond and Jewelry Industry, and are intimately familiar with and knowledgeable about every aspect of their practices and procedures. Over time, our client roster has come to include a broad, impressive array of international entrepreneurial clients, including some of the largest diamond site holders and jewelry manufacturers in the world.

Attorney Leonard Weiner is not new to the jewelry and diamond business. As sole equity member of Law Offices of Leonard M. Weiner, LLC, he has been practicing law for over 35 years. His clients in the jewelry and diamond industry are throughout the U.S., Israel, Belgium, and India. Before establishing his law practice, Weiner spent ten years in the diamond and jewelry industry in New York and Los Angeles, learning to cut diamonds on 47th Street in New York. He later established a wholesale diamond distributing office in Los Angeles. He developed an up-close and hands-on detailed familiarity with all of the customs and trade practices of these industries.

Over the last three decades, Weiner has been directly involved with the industry both as a participant and legal counsel. He knows the nature and the conduct of the industry, especially as it relates to the UCC and the industry’s unique uses of its memos and invoices, its financing and trade practices, as well as the Kimberley Process and Patriot Act compliance requirements.

UCC SERVICES

1. The extensive use of consignment transactions and the providing of extended terms of payment in asset sales amounting to millions of dollars, many times without any security agreements, UCC security filings, or perfected secured collateral, is a unique and troubling element of the industry’s trade practice. Long gone are the days when any diamond or jewelry sale, no matter how large or small, could be finalized and concluded with a mere handshake and a “Mazal u Brocha” which meant “Good luck and blessing
2. Today there is so much on the line. It is imperative that before filing a UCC-1, one must have a complete understanding of the UCC; the nature of the transaction (e.g., an asset sale, whether that sale is a cash sale or sale on terms, or as a consignment), and what the particular applicable UCC requirements are to acquire a priority security interest in the goods sold or consigned. Without this in the event of your customer’s failure to pay, or even worse, its bankruptcy, you will be an unsecured creditor and your consignment goods will be subject to a lien by your customer’s secured creditors who have properly perfected their interest.
3. One can no longer rely on the goodwill and “relationship” one has with the buyers or owners of customers, no matter how financially sound they may seem to be. A trained, experienced attorney is required. A lawyer who has spent decades advising clients in the jewelry trade, especially concerning the UCC and the changes that occurred as a result of the significant revisions to the UCC, Article 9.
4. Attorney Leonard Weiner has been practicing law for over 35 years. He spent ten years in the Diamond and Jewelry industry in New York and Los Angeles, learning to cut diamonds on 47th Street in New York and later establishing a wholesale diamond distributing office in L.A.
5. He knows the nature and the conduct of the industry, especially as it relates to the UCC, and the industry’s unique uses of its memos and invoices, its financing, and trade practices, as well as the Kimberley Process and Patriot Act compliance requirements.
   
   The expertise of a trained and experienced attorney is required to protect your interests. You need a lawyer who has spent decades advising clients in the jewelry trade, especially concerning the UCC and the changes that occurred as a result of the significant revisions to Article 9 of the UCC.

For a more comprehensive understanding of the UCC and its impact on the Jewelry industry, and the genuinely unique services we provide, visit us on the web at:
Ucc4jewelers.com Or
Call us directly at 212-370-1660

Law Offices of Leonard m. Weiner LLC
206 East 38th Street
3rd Floor
New York, NY 10016
Tel: 212-370-1660
Email: lenlaw@verizon.net

Services we provide:

• Comprehensive Legal review of all Consignment programs and Asset Sales
• Legal review of terms and conditions attached to Invoices and Memorandums
• Preparation and filing of UCC-1 Financing Statements
• Drafting Collateral descriptions
• Preparation of updated list of prior secured creditors
• Drafting of Notices and Cover letters to prior secured creditors,
• Consignment Agreements – drafting and review
• Supervision and management of Kimberly Process and Patriot Compliance Programs