News

The SEC’s Cybersecurity Assessment: A Roadmap for Companies Nationwide

By EsqSocial Corporation 15/05/14

The U.S. Securities & Exchange Commission (SEC) provided cybersecurity guidance to the securities industry in the form of a Risk Alert issued by the SEC’s Office of Compliance Inspections and Examinations (OCIE) on April 15, 2014. The guidance, which...

How Does the VCF Pay Your Award?

By EsqSocial Corporation 15/05/14

After the Victim Compensation Fund (VCF) determines that you are eligible for an award, you have the right to accept the amount awarded or appeal if you believe the amount is inadequate. If you accept the award, you receive an initial payment within...

New Disclosures Required Regarding Subsurface Rights In Florida

By EsqSocial Corporation 15/05/14

On May 12, Florida Governor Rick Scott signed into law CS/CS/CS/HB 489, regarding subsurface rights disclosures. The bill creates a new Section 689.29, Florida Statutes. Beginning October 1, 2014, a seller of residential property (defined as a seller...

Estate Planning and Tax Issues for Bitcoin and Other Virtual Currencies

By EsqSocial Corporation 15/05/14

For estate planning and tax advisers, it’s important to know about all of a person’s valuable and significant assets, including digital assets, so that they can help the person properly plan ahead for incapacity, death, and taxes. New types of assets...

“Get Outta Here!”: The Court Of Appeals Finds that New York Judges May Sua Sponte Dismiss Cases on Forum Non Conveniens Grounds in Limited Circumstances

By EsqSocial Corporation 15/05/14

In Mashreqbank PSC v. Ahmed Hamad Al Gosaibi & Bros. Co., 2014 N.Y. Slip Op. 02381, the New York Court of Appeals ruled that a court may sua sponte decide the issue of forum non conveniens so long as it allows the parties to brief and argue the...

"Parallel Fund Structures Under the Volcker Rule"

By EsqSocial Corporation 15/05/14

Skadden was one of 15 law firms that participated in the development of a recently released consensus interpretation letter regarding the ability of non-U.S. banking entities to invest in certain parallel funds organized by non-bank sponsors. The...

Northern District of New York: Primary Insurer That Waited Nine Years to Tender Policy Limits to Injured Plaintiff Was Liable to Excess Carrier for Bad Faith

By EsqSocial Corporation 15/05/14

Quincy Mutual Fire Ins. Co. v. New York Central Mutual Fire Ins. Co., No 3:12-CV-1041-DEP (N.D.N.Y. March 31, 2014) - The Northern District of New York held that a primary carrier that declined to settle an underlying lawsuit for policy limits...

Ohio House Passes Severance Tax on Drilling

By EsqSocial Corporation 15/05/14

A long-debated severance tax on hydraulic fracturing operations within the state passed the Ohio House of Representatives on Wednesday, setting the stage for a Senate vote on the issue later this year. House Bill 375, which sets a 2.5% tax on gross...

FINRA Moves To Make Expungement Independent

By EsqSocial Corporation 15/05/14

FINRA operates the Central Registration Depository (“CRD”) – the central, publicly-accessible licensure and registration information source on the US securities industry. Industry members seek to remove – “expunge” – unfounded or merely negative...

GAO Issues Report on Independent Foreclosure Review

By EsqSocial Corporation 15/05/14

The GAO released its third and final report reviewing the Independent Foreclosure Review, an evaluation of the foreclosure practices of several mortgage servicers required by the consent orders entered into with the OCC and the FRB in 2011....

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