News

US Government Pauses Fossil Fuel Leasing on Federal Land in Focus on Climate Change and Environmental Protection

By EsqSocial Corporation 29/01/21

This week, as part of a series of significant executive actions, President Biden issued an executive order directing the United States Department of Interior (DOI) to pause new oil and natural gas leasing on federal public lands and federal offshore waters "to the extent consistent with applicabl

Governor Cuomo Proposes Greater Data Privacy Protections and BankTech Assistance for New York Financial Institutions

By EsqSocial Corporation 29/01/21

Happy Data Privacy Day! Today we report on New York Governor Andrew Cuomo's recent State of the State address, in which he announced the state's 2021 policy agenda.

Extension of the suspension of the obligation to file for insolvency due to the COVID-19-pandemic

By EsqSocial Corporation 29/01/21

On January 28, 2021, the German legislator adopted the further extension of the suspension of the obligation to file for insolvency in the event of over-indebtedness and illiquidity until April 30, 2021.

IRS Finalizes Guidance Relating to Carbon Capture and Sequestration

By EsqSocial Corporation 29/01/21

On January 6, 2021, the IRS issued final regulations relating to section 45Q. This is the fourth piece of guidance from the IRS relating to section 45Q, following IRS Notice 2020-12, Revenue Procedure 2020-12, the Proposed Regulations and now the final regulations....

District Courts Consider Allegations of Inaccurate Reporting under FCRA for Past Due Payment Ratings in Metro 2

By EsqSocial Corporation 29/01/21

WHAT MATTERS - The industry practice is to set the Payment Rating to a code of 0 if the account was current on the closing date or to a code of 1-6 reflecting that the account was past due when it was paid off.

California’s Consumer Privacy Rights Act: Opt-Out Rights and Data Profiling

By EsqSocial Corporation 29/01/21

With the passage of the Consumer Privacy Rights Act (CPRA), we are presenting several blog articles on different topics related to the new law. We previously wrote about key effective dates and the newly-added definition of sensitive information....

Unanswered Questions on the Corporate Transparency Act

By EsqSocial Corporation 29/01/21

The National Defense Authorization Act for 2021 enacted on January 1, 2021 contains Title LXI, the Corporate Transparency Act (“Act”). It institutes new reporting requirements for legal entities with few employees and limited purposes....

California Environmental Law & Policy Update - January 2021 #4

By EsqSocial Corporation 29/01/21

Biden, emphasizing job creation, signs sweeping climate actions - The New York Times – January 27 - President Biden on Wednesday signed a series of executive actions, ranging from pausing new federal oil leases to electrifying the government’s vast fleet of vehicles, casting the moves as bein

FBAR Reporting to Be Expanded to Include Foreign Accounts Holding Virtual Currency

By EsqSocial Corporation 29/01/21

Presently, for U.S. persons a foreign account holding virtual currency is not a reportable account for purposes of having to file an FBAR....
By: Charles (Chuck) Rubin

Shutdown of hotel operations due to COVID-19 "Corona Virus" - Force Majeure?

By EsqSocial Corporation 29/01/21

Shutdown of hotel operations due to COVID-19 "Corona Virus" - Force Majeure? The COVID-19 "corona virus" pandemic keeps almost the whole world in suspense. The effects on the global economy are not yet foreseeable....

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