The ever evolving Fintech industry continues to impact the factoring space. This webinar is a follow up to the popular Fintech Conference from October 2016, addressing legal developments in the MCA industry as well as addressing questions and issues posed during and after the conference. Focusing on methods you can implement in order to protect your collateral interest in existing clients and compete more effectively in the Fintech world, this webinar will cover the ongoing disruption for factors, defensive strategies factors can implement and provisions to include in legal documents.
▪ Junior creditors funding factoring clients
▪ Understanding relevant legal concepts, such as Tortious Interference, Negative Pledges, UCC provisions and Usury
▪ Tactics Employed by MCA’s, including Confession of Judgment, executing against bank accounts and stacking
▪ Implementing Defensive Strategies
▪ Provisions to include in legal documents
▪ Case Study of Factor vs. MCA
Laurie is an attorney with the Chicago law firm of Robbins, Salomon & Patt, Ltd. with an extensive commercial finance practice. She represents many clients in the factoring industry and counsels her factoring clients on legal matters unique to the factoring industry, as well as general legal matters including contract negotiations, employment issues and risk management. Laurie has represented clients in asset-backed securitizations, mergers and acquisitions and commercial finance as well as more general corporate, transactional and litigation matters. Laurie’s diverse legal background has equipped her with a broad legal knowledge base and fueled her passion for acting as general counsel for businesses that frequently require skilled legal counsel but lack an in-house legal team. Her experience serving the factoring industry and her familiarity with a variety of businesses have given Laurie unique insights that enhance her ability to provide practical legal advice.