News

The New UAE Economic Substance Regulations (Updated)

By EsqSocial Corporation 06/01/21

EXTENSION ANNOUNCED - The Ministry of Finance (MoF) announced on 31 December 2020 the extension of the deadline for submitting the ESR’s notifications and reports.

Informal but Actual Notice of Bankruptcy: What Difference Does It Make?

By EsqSocial Corporation 06/01/21

On January 3, 2021, in In re Ditech Holding Corporation, Case No. 19-10412 (JLG), an unpublished opinion, Bankruptcy Judge James L. Garrity, Jr., discussed an important distinction for creditors of a non-individual chapter 11 debtor versus those of an individual debtor.

Ensuring the Appropriate CMMC Level for Your Organization and Subcontractors

By EsqSocial Corporation 06/01/21

How can I determine which Level I’ll need to achieve? Based on the Department of Defense’s (DoD) data, the Defense Industrial Base (DIB) will, for the most part, be made up of contractors and subcontractors who need to meet basic cyber hygiene, or CMMC Level 1 -- about 70%.

COVID-19: Trump Administration Continues Suspension of Immigration and Work Visas

By EsqSocial Corporation 06/01/21

With weeks to go in his administration, President Trump has extended two controversial presidential proclamations that would prohibit many immigrant and nonimmigrant visa holders from entering the United States until months after his term expires.

CFPB Announces Availability of HMDA Filing Platform for 2020 Data

By EsqSocial Corporation 06/01/21

The CFPB recently announced that the platform for the submission of Home Mortgage Disclosure Act (HMDA) data collected in 2020 is now available for the submission of the data. The platform may be accessed here. HMDA data for 2020 must be submitted on or before March 1, 2021....

IRS Extends Continuity Safe Harbor for Offshore Projects and Federal Land Projects

By EsqSocial Corporation 06/01/21

On December 31, 2020, the IRS issued Notice 2021-5, which provides relief for the impact of delays on qualified facilities and energy property projects being constructed offshore or on federal land with respect to the “beginning of construction” requirements for renewable energy projects eligible

New York Appellate Court allows Action on Note Debt Despite Finding that Statute of Limitations Precludes Foreclosure Action

By EsqSocial Corporation 06/01/21

While it is common knowledge in New York that the statute of limitations to collect a debt is six years from the time of acceleration, in a recent decision the Appellate Division, Third Judicial Department opened up the possibility that a lender can still bring a claim against a borrower on the p

COVID-19 Stimulus Package Relief for Venue Operators

By EsqSocial Corporation 06/01/21

When Congress passed its second COVID-19 relief package on December 21, it was welcome news to countless individuals throughout the country who have struggled in the wake of the ongoing pandemic.

If You Are Looking To Be Taken Seriously, Write To The SEC And Be Prepared For A Wait

By EsqSocial Corporation 06/01/21

Over five years ago, the Securities and Exchange Commission proposed amendments to its Rules of Practice to require persons involved in SEC administrative proceedings to file and serve documents electronically.  I was the first person to submit comments on the proposed rules.   In November last,

Court Issues Nationwide Preliminary Injunction Preventing Enforcement of “Divisive Concepts” Executive Order Against Institutions of Higher Education

By EsqSocial Corporation 06/01/21

On Dec. 22, 2020, the U.S. District Court for the Northern District of California partially granted a petition for preliminary injunctive relief barring the enforcement of Executive Order 13950, Combatting Race and Sex Stereotyping, (EO or Order) against federal contractors and grantees.

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