News

Navigating International Sanctions: Impact of the Ukraine War on Bermuda

By EsqSocial Corporation 24/12/24

When Russia invaded Ukraine on 22 February 2022 most Bermudian residents did not think it would have much impact to the island.

Five Key Takeaways From the Proposed PTEP Regulations

By EsqSocial Corporation 24/12/24

Taxpayers have been eagerly awaiting, and the US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have been promising to provide, rules addressing the previously taxed earnings and profits (PTEP) of foreign corporations.

Fifth Circuit Stays District Court’s Nationwide CTA Injunction; entities once again required to report

By EsqSocial Corporation 24/12/24

Following up on our most recent blog post on developments regarding the enforcement date for the CTA, on the afternoon of December 23, 2024, the Fifth Circuit issued its order staying the U.S.

New Statutory Requirements for Commercial Leases: SB 1103 Updates California Laws for Landlords and Commercial Tenants

By EsqSocial Corporation 24/12/24

A new California Senate bill (SB 1103 or the Bill) provides commercial tenant protections by amending several sections of the California Civil Code relating to commercial tenancy. These statutory protections will apply regardless of the negotiated terms of the lease amendment.

SBA Finalizes Rule Changing 8(a) and HUBZone Programs

By EsqSocial Corporation 24/12/24

On December 17, the Small Business Administration issued a final rule that makes significant changes to the agency’s small business 8(a) and HUBZone programs. These generally extend the changes the SBA initially proposed in August 2024, which we previously summarized in detail (see links below).

UK Tribunal’s First Ruling Against Collective Action Holds Telecoms Pricing Not Excessive

By EsqSocial Corporation 24/12/24

The UK Competition Appeal Tribunal (Tribunal) has handed down a landmark judgment in Justin Le Patourel v BT, the first opt-out competition collective action which went to trial in the United Kingdom (UK).

FTC resuscitates long-abandoned price discrimination law in alcohol distributor suit

By EsqSocial Corporation 24/12/24

In the waning days of the current administration, the antitrust agencies continue to cross items off their holiday wish list.

Banks Win Temporary Reprieve from Novel Illinois Swipe-Fee Law

By EsqSocial Corporation 24/12/24

On December 20, 2024, an Illinois federal court, in considering a motion for a preliminary injunction brought by the Illinois Bankers Association, American Bankers Association, and other trade groups, ruled that national banks and federal savings associations will not be subject to Illinois’ grou

European Securities and Markets Authority publishes Q&As on application of guidelines on funds' names using environmental, social, and governance or sustainability-related terms

By EsqSocial Corporation 24/12/24

The European Securities and Markets Authority has published three sets of Q&As to provide further detail on the guidelines on funds which use ESG or sustainability-related terms in their names.

CFPB Calls on Other Enforcement Agencies to Address Bait-and-Switch Credit Card Rewards Practices

By EsqSocial Corporation 24/12/24

On December 18, 2024, the Consumer Financial Protection Bureau (the “CFPB”) issued a circular to other law enforcement agencies warning that some credit card companies operating rewards programs may be breaking the law, and urging them to take action.

Pages