Photo: Brian A Jackson via Shutterstock The Worst Place To Litigate Merchant Cash Advance Disputes Is Out-of-State, So Fix Your Contracts Already!
Despite New York choice-of-law and venue provisions, MCA funders are often forced to defend their New York MCA agreements when sued by merchants in sister states. This article discusses several cases which provide "teachable lessons" for MCA funders to fix their MCA contracts.
August 18, 2021 at 10:00 AM
8 minute read
Our prior article discussed the predictability of litigating usury disputes involving merchant cash advance (MCA) agreements with New York choice-of-law clauses in New York—although we posited things were going to get (a little) wilder. But New York is not the only forum in which MCA customers (referred to as "merchants") assert usury claims.
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