News

Promoting UK funds - potential reform of the UK REIT regime

By EsqSocial Corporation 05/02/21

As part of an initiative to promote UK funds the government is consulting on changes to the UK REIT regime. These changes are intended to make the UK REIT regime more attractive and simpler....

New York Federal Court Grants $12M Foreign Arbitration Award Under New York Convention

By EsqSocial Corporation 05/02/21

The petitioner sought confirmation of an international arbitration award issued in its favor by the Society of Maritime Arbitrators. The petitioner and the respondent had entered into an agreement for the petitioner to charter a vessel to transport iron ore.

Seventh Circuit Revives Deceptive Labeling Claims Against Parmesan Cheese Manufacturers and Retailers

By EsqSocial Corporation 05/02/21

On December 7, 2020, the Seventh Circuit joined three other circuits—the First, Second, and Ninth—in holding that an accurate fine-print list of ingredients does not foreclose, as a matter of law, a claim that an ambiguous front label deceives reasonable consumers.

DOE Announces Funding For Projects To Strengthen Innovative Domestic Manufacturing

By EsqSocial Corporation 05/02/21

On January 13, 2021, DOE’s Office of Energy Efficiency and Renewable Energy (EERE) announced the availability of $123.6 million in funding and $44.7 million of cost share available for 46 projects to stimulate technology innovation, improve energy productivity of American manufacturing, and enabl

Maryland Essential Workers’ Protection Act: How It May Impact Maryland Employers

By EsqSocial Corporation 05/02/21

Although many employers have taken discretionary measures to protect essential employees, there are currently few mandated health and safety requirements at the federal or state level.

California DFPI invites comments on rulemaking for new Consumer Financial Protection Law

By EsqSocial Corporation 05/02/21

Yesterday, the California DFPI issued an invitation for stakeholders to provide input on rulemaking to implement the recently-effective California Consumer Financial Protection Law (CCFPL).  Comments are due by March 8, 2021....

Modernize That—The SEC Attempts To Modernize Regulation S-K

By EsqSocial Corporation 05/02/21

In August 2020, while most of us were thinking of ways to modernize our new work-from-home office/kitchen combo to avoid going stir-crazy, the SEC adopted various amendments to Regulation S-K in an effort to modernize disclosures. As part of their efforts, Regulation S-K now requires:......

Client Alert: Unpaid Motor Carrier Claims: What Shippers Can Do to Reduce the Risk of Liability When Using Third-Party Brokers

By EsqSocial Corporation 05/02/21

With the effects of the ongoing pandemic and ever-changing economic conditions being felt throughout the transportation industry, our firm has recently seen an increase in claims by unpaid motor carriers against shippers and consignees for nonpayment, where the shipper paid a third-party broker,

Using the ISDA IBOR Fallbacks Supplement in Finance-Linked Hedging Transactions

By EsqSocial Corporation 05/02/21

While a welcome development for parties to derivatives transactions generally, the launch of ISDA’s robust benchmark fallbacks may not be the most appropriate solution for IBOR cessation in finance-linked hedging transactions until the loan market reaches consensus on its approach.

DOJ Exercised Leniency With a Borrower Who Self-Disclosed His Error on His PPP Loan Application

By EsqSocial Corporation 05/02/21

Recently, the U.S. Attorney’s Office for the Eastern District of California settled a Paycheck Protection Program (“PPP”) fraud investigation with Slidebelts, Inc. and its owner Brigham Taylor not by arresting Mr.

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