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Lenders Advances

Dechert LLP

Are Lockbox Lenders Subject to Implied Duties?

Dechert LLP on

Recently, in In re Moon Group Inc., a bankruptcy court said no, but the district court, which has agreed to review the decision on an interlocutory appeal, seems far less sure. The bankruptcy court held that a lockbox...more

Troutman Pepper

New York Case Is a Win for the Merchant Cash Advance Industry

Troutman Pepper on

Providers of cash advances repaid by sales of future receivables in New York can have greater confidence that these advances are not loans and are not subject to usury laws. On March 16, the Supreme Court of New York,...more

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