There is a growing need for alternative sources of capital for businesses that either cannot obtain, or do not want, traditional loans or private equity investments. Traditionally,.
The growing popularity of revenue-based financing, and the need for regulations like those in place in Virginia, New York, Utah, and California, make revenue-based financing an area of focus in 2022. Revenue-based financers should closely monitor state regulations.
On June 6, 2022, the U.S. District Court for the Southern District of New York found that a contractual New York choice-of-law provision precluded a borrower-plaintiff from obtaining.