News

Representatives Object To Exemption From Resource Extraction Rule Disclosures

By EsqSocial Corporation 20/11/13

Congress is working to reconcile differing versions of legislation to implement an Obama Administration deal with Mexico to develop oil and gas resources in the Gulf of Mexico. Three Democratic lawmakers recently wrote Senate Majority Leader Harry...

Quid Pro Quo, Yes Or No? SEC Signs First Individual Deferred Prosecution Agreement

By EsqSocial Corporation 20/11/13

The SEC this year has demonstrated its willingness to incentivize whistleblowers and companies to share information about misconduct and assist with the SEC’s investigations. To that end, the SEC issued its first Deferred Prosecution Agreement (DPA)...

CFTC Chairman Refuses To Budge On Cross Border SEF Regulation

By EsqSocial Corporation 20/11/13

According to IFR, CFTC Chairman Gary Gensler reiterated his stance on cross border SEF regulation during a keynote address at the Futures Industry Association’s 2013 Expo in Chicago....
By: Shipkevich PLLC

MISO Says Presque Isle Coal-Fired Plant Must Stay Open

By EsqSocial Corporation 20/11/13

The Midcontinent Independent System Operator (MISO) has concluded that the 431 MW Presque Isle coal-fired power plant must remain open for reliability reasons. As a result, it has denied the request by We Energies to suspend operations at its plant...

OIG Advisory Opinion 13-15 - Anesthesiologists: Chickens or Eggs?

By EsqSocial Corporation 20/11/13

It is often said that advisory opinions are requested from the U.S. Office of Inspector General (OIG) when one wants a very safe deal blessed or when one wants to dissuade a competitor or counter-party from entering into or demanding a particular...

BofA $1.4 Billion Settlement Talks with Freddie Mac

By EsqSocial Corporation 20/11/13

Bank of America and Freddie Mac are currently attempting to resolve a mortgage repurchase dispute in which Freddie Mac claims that Bank of America should have to buy back more than $1.4 billion in mortgage loans it claims were defective. The Wall...

Expansion of Declarant Control Period and Warranty Review Committee

By EsqSocial Corporation 20/11/13

Pursuant to amendments to Sections 55-79.74 and 55-79.79 of the Virginia Condominium Act, the declarant control period may be extended for up to 15 years from the earlier of settlement of the first unit or after conveyance of 75 percent of undivided...

Proposed Revision to the Gas Export Law in Russia

By EsqSocial Corporation 20/11/13

On 6 November 2013, the Russian government submitted to the Duma (the lower chamber of the Russian legislature) a bill aiming to amend the Federal Law 'On the Expert of Gas', broadening the entities who may undertake natural gas exports, including...

First District Rejects CEQA Challenge To City of Napa’s Reliance On Prior General Plan EIR For Housing Element Update Project

By EsqSocial Corporation 20/11/13

The EIR has long been the judicially-proclaimed “heart of CEQA” because it represents the culmination of the statute’s environmentally-protective purposes and objectives. Yet the legal “expiration date” for the document embodying CEQA’s highest...

Former Broker Banned by FCA for Encouraging Market Abuse

By EsqSocial Corporation 20/11/13

On November 14, the FCA published the final notice it has issued to Rahul Shah. The FCA’s statement is that Mr. Shah encouraged another person to engage in behavior which, had Mr. Shah engaged in that same behavior, would amount to market abuse...

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