News

Sanctioned: Virgin Active's Restructuring Plans

By EsqSocial Corporation 18/05/21

On 12 May 2021, the High Court sanctioned three inter-conditional restructuring plans, under the Part 26A of the Companies Act 2006, for certain English subsidiaries of the Virgin Active group, despite major opposition of certain landlords.

New Mandatory Retirement Plan Requirement For Certain New York City Employers

By EsqSocial Corporation 18/05/21

On May 11, 2021, the City Council of New York enacted a local law to establish a retirement savings program for certain employees of private entities. What are the Details?

U.S. Tax Court Finds "Disqualified Person" Definition For Nonprofit Excess Benefit Rules Is Expansive

By EsqSocial Corporation 18/05/21

On May 17, 2021, the U.S. Tax Court issued a Memorandum Opinion in Vincent J. Fumo v. Commissioner, T.C. Memo. 2021-61, regarding the definition of a “disqualified person” under I.R.C. section 4958(a)(1).

EMIR 2020-21 Update: REFIT, Benchmarks, Brexit, And Beyond

By EsqSocial Corporation 18/05/21

A recap of the key updates to the regime established by Regulation (EU) No 648/2012 of the European Parliament and of the Council of July 4, 2012 on OTC derivatives, central counterparties, and trade repositories (the European Market Infrastructure Regulation, EMIR) since our 2019 Regulatory Upda

LSTA RFR Credit Agreements Are Here: LSTA publishes Daily SOFR (and Daily RFR) Concept Credit Agreements

By EsqSocial Corporation 18/05/21

On May 6, the LSTA published its long-awaited concept Daily SOFR and risk-free rate (RFR)-based multicurrency credit agreements (the Concept RFR Documents).

CFPB Office of Servicemember Affairs issues 2020 Annual Report

By EsqSocial Corporation 18/05/21

On May 6, 2021, the CFPB’s Office of Servicemember Affairs issued its eighth annual report summarizing its activities from January 1 through December 31, 2020.  The report discussed the Office’s consumer outreach and educational efforts, servicemember complaint trends, and priorities for 2021....

President Biden’s Cybersecurity Executive Order Has Implications for the Private Sector

By EsqSocial Corporation 18/05/21

On May 12, 2021, President Joe Biden issued an Executive Order to implement new policies aimed at strengthening the nation’s cybersecurity.

DOE Announces $35 Million In Funding To Reduce Carbon Emissions From Biofuel Production

By EsqSocial Corporation 18/05/21

On May 14, 2021, the U.S. Department of Energy (DOE) announced $35 million in funding for 15 research projects focused on reducing the carbon footprint of biofuel production.

Sensory Advertising Claims: Whether it’s More Comfy, Smells Worse, or Tastes Better, Back Up the Claim with Data

By EsqSocial Corporation 18/05/21

Better taste. More authentic smell. Covers up odor better. More comfortable fit. These kinds of human-sense-based advertising claims are potent advertising tools, but pose difficult challenges for advertisers to prove and substantiate.

New Hope for Foreign Founders – The International Entrepreneur Parole Program

By EsqSocial Corporation 18/05/21

As part of the Biden Administration’s effort to promote access to the legal immigration system, the US Department of Homeland Security (DHS) withdrew a 2018 proposed rule to eliminate the international entrepreneur (IE) parole program.

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