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May 2026

Why Did the PrimeRevenue Protection Not Work? On the May 15 Amended Complaint and the Buyer-Confirmation Question

For credit investors, LPs, arrangers, and counsel evaluating receivables and supply-chain finance exposure or claims. On May 15, the Amended Complaint in Western Alliance Trust Company, N.A. et al. v. Jefferies Financial Group Inc. et al. (NY Sup. Ct. Index 651389/2026, NYSCEF Doc 5) was filed. Seventy-one pages, twelve counts. One paragraph deserves close attention from anyone working in receivables… Read More »Why Did the PrimeRevenue Protection Not Work? On the May 15 Amended Complaint and the Buyer-Confirmation Question

When Courts Rewrite Factoring

What the First Brands Litigation Reveals About Industry Practice, Accounting Standards, and Investor Risk Igor Zaks, CFA  |  President, Tenzor Ltd.  The collapse of First Brands Group and the investor litigation that has followed is doing something beyond resolving individual disputes. It is generating a body of legal interpretation that may reshape how factoring and receivables finance structures are understood… Read More »When Courts Rewrite Factoring