News

In re Wack Jills: Delaware decision marks the end of Wild West ABC proceedings

By EsqSocial Corporation 23/12/24

In a recent opinion in an assignment for the benefit of creditors (ABC) proceeding, the Delaware Court of Chancery provided an illustrative account of the assignee’s failures to comply with the relevant statutory scheme, and ultimately granted “an extreme form of equitable relief” in removing the

Asphalt Company Not Liable for $2.6 Million in Sales Tax Where Judge Found No Sale

By EsqSocial Corporation 23/12/24

It should be obvious that a state may not impose sales tax where there is no sale. This maxim was reinforced in the case Asphalt Emulsion Industries LLC v. North Carolina Department of Revenue, 23 REV 04898 (N.C. OAH Nov.

Georgia Nursing Homes, Assisted Living Communities, and Other Provider Types Must Now Make Licensure Filings (Including for CHOWs) via Portal

By EsqSocial Corporation 23/12/24

With few exceptions, licensed Georgia providers, including but not limited to, nursing homes, assisted living communities, personal care homes, hospices, home health agencies, and community living arrangements, will now file applications via the Georgia Department of Community Health’s (“DCH”) ap

Recyclage des produits de la criminalité et financement des activités terroristes : nouvelle série de modifications

By EsqSocial Corporation 23/12/24

Le 30 novembre 2024, des modifications proposées à des règlements pris en vertu de la Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes (la « LRPCFAT ») ont été publiées.

Defining a New Standard in Chile: The Economic Crimes Law in Corruption Scandals

By EsqSocial Corporation 23/12/24

Chile has recently made significant amendments to its regulatory framework aimed at combatting corruption and white collar crime. Since the enactment of Law No.

Diversity in Boardrooms: Why Nasdaq Companies Still Need to Be Mindful Despite Recently Invalidated Rule

By EsqSocial Corporation 23/12/24

In a 9-8 en banc decision, the U.S. Court of Appeals for the Fifth Circuit overturned a three-judge panel decision and invalidated the Nasdaq Board Diversity Rule, Rule 506, that had been approved by the Securities and Exchange Commission (SEC). On Dec.

A Reminder of a Fiduciary’s Duty to Use Forms Approved by the State Court Administrative Office- UPDATED 12-23-2024

By EsqSocial Corporation 23/12/24

This week, the Michigan Court of Appeals released its decision in In re Estate of Joel Solomon Weingrad, Docket No 360247, 2023 WL 3397437 (Mich Ct App May 11 2023) (unpublished), which stands for three principles in estate administration and litigation.

Gaming & Gambling Update - Week of December 16, 2024

By EsqSocial Corporation 23/12/24

Recent Developments Senate Judiciary Committee Holds Hearing on Sports-Betting While Industry Watches from the Sidelines Tennessee Looking to Require Disclosures for Use of Influencers and Brand Ambassadors Robinhood, Off Success of Election Markets, Mulls Sports Betting WHO Seeks Advertising Ban

The Persistence of (High Bandwidth) Memory: Semiconductor Manufacturing Equipment and Korean Semiconductor Manufactures Face Harsher Restrictions Under New HBM Rules

By EsqSocial Corporation 23/12/24

On December 2, 2024, the Department of Commerce, Bureau of Industry and Security (BIS) issued a new set of regulations targeting semiconductors manufacturing equipment (SME) and high-bandwidth memory (HBM) chips.

Update: As Russia Again Tightens Exit Transaction Rules, Can Investors Still Exit Russian Businesses?

By EsqSocial Corporation 23/12/24

The Russian sub-commission has imposed more drastic conditions for exit transactions, in particular the maximum consideration that can be paid to a seller and the minimum “voluntary contribution” that must be paid to the Russian federal state budget (also known as the exit tax) in connection with

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