News

PA Tax Law News -- December 2013: Board of Finance and Revenue Changes Awaited

By EsqSocial Corporation 12/12/13

As this issue went to press we awaited official announcement of the Governor’s two nominees, and the State Treasurer’s designee, to the Board of Finance and Revenue. The Board was reconstituted by Act 52 of 2013 (see article in July 2013 issue of...

CFPB Publishes Rulemaking Agenda

By EsqSocial Corporation 12/12/13

The CFPB published a semi-annual update of its rulemaking agenda. The rulemaking agenda includes a number of rulemakings on disclosures under the Home Mortgage Disclosure Act and its implementing regulation, Regulation C, the annual privacy notice,...

Relative Priorities of Planning Instruments Governing National Park Towns

By EsqSocial Corporation 12/12/13

Municipalities located within national parks are subject to unique development constraints. The federal National Parks Act and provincial Parks Towns Act enable agreements between the federal and provincial governments for incorporation of towns...

International Tax News - December 2013

By EsqSocial Corporation 12/12/13

CAYMAN ISLANDS AND US SIGN FATCA AGREEMENT - The United States and the Cayman Islands have signed a so-called Model 1 intergovernmental agreement. The IGA is the first step in bring the Cayman fund industry into compliance with the US Foreign...

Council of EU Publishes UK Issues Paper on MLD4

By EsqSocial Corporation 12/12/13

On November 24, the Council of the European Union published a note (dated November 8, 2013) from the Council Presidency to Council Delegations which includes a UK issues paper on the fourth Money Laundering Directive (MLD4). The issues paper states...

College Settles Pregnancy Discrimination Complaint

By EsqSocial Corporation 12/12/13

The National Women’s Law Center (NWLC) announced earlier this week that Logan University in Missouri settled a pregnancy discrimination complaint that the NWLC filed with the U.S. Department of Education’s Office of Civil Rights (OCR) on behalf of a...

Software Patents Set for Supreme Court Consideration

By EsqSocial Corporation 12/12/13

The Supreme Court is set to weigh in on the muddled law of software patent eligibility. On Friday, December 6, the Supreme Court granted a petition for certiorari in Alice Corp. Pty. Ltd. v. CLS Bank Int’l, et al. CLS is an appeal of the famously...

New Internet Top-Level Domains Unveiled

By EsqSocial Corporation 12/12/13

Website domain names as we know them will look dramatically different now that the menu of Internet domain name suffixes is expanding. The Internet Corporation for Assigned Names and Numbers (ICANN) recently released the first wave of new generic...

The Absolute Priority Rule in Individual Chapter 11 Bankruptcy Cases lives on … for now

By EsqSocial Corporation 12/12/13

The principle behind the absolute priority rule is simple: unsecured creditors should be paid before the debtor is entitled to retain property of the bankruptcy estate. In a corporate setting the absolute priority rule operates to ensure that an...

Second Circuit Affirms Dismissal of Untimely CDO Claims against Merrill Lynch

By EsqSocial Corporation 12/12/13

On November 21, the Court of Appeals for the Second Circuit affirmed the dismissal of a suit brought by South Korea‘s Woori Bank against Merrill Lynch & Co., Inc. and Bank of America Corp. on statute of limitations grounds....

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