News

Something Special, April 2021 | Issue No. 23: What’s So Special about Special Purpose Entities?

By EsqSocial Corporation 29/04/21

Lenders often require their borrowers to be “special purpose entities” in real estate transactions. This is a way that lenders can mitigate their bankruptcy risk in the event that the borrower or any of its parent entities file for bankruptcy....

CIMA Announces Private Funds Filing Extension

By EsqSocial Corporation 29/04/21

The Cayman Islands Monetary Authority (CIMA) recently announced that the deadline for filing audited accounts and the requisite Annual Return Form (“Form”) in accordance with the Private Funds (Annual Returns) Regulations, 2021 (the “Regulations”) has been extended to 30 September 2021....

School’s Out: Trademark Settlement Agreement Enforceable

By EsqSocial Corporation 29/04/21

Addressing issues relating to jurisdiction, contract enforceability and trademarks, the US Court of Appeals for the First Circuit concluded that two schools that used similar names had a valid and enforceable settlement agreement obligating one school to pay for the other to change its name.

DFPI General Counsel Shares Insights on Department's Scope, Priorities, and Approach

By EsqSocial Corporation 29/04/21

On April 27, 2021, DWT's Department of Financial Protection and Innovation (DFPI) Taskforce hosted a discussion with the DFPI's General Counsel, Bret Ladine, to get his perspective about what's on the horizon for the financial services industry in California. Mr.

SCOTUS: No Equitable Monetary Relief for FTC Under § 13(b)

By EsqSocial Corporation 29/04/21

Well, the buck stops here (for now). Last week, in AMG Capital Management, LLC v.

See Me, Feel Me: FDA Gives Guidance on Remote Interactive Evaluations of Drug Facilities During COVID-19

By EsqSocial Corporation 29/04/21

Channeling The Who’s Tommy Soundtrack and the classic song “See Me, Feel Me,” the Food and Drug Administration issued a guidance document, “Remote Interactive Evaluations of Drug Manufacturing and Bioresearch Monitoring Facilities During the COVID-19 Public Health Emergency.” The facilities cover

Brussels Air Transport Brief: March 2021

By EsqSocial Corporation 29/04/21

AVIATION REGULATORY AND POLICY - COVID-19: Europe’s Airlines Welcome the European Commission’s Proposal for a Digital “COVID Passport” - On 17 March 2021, Europe’s aviation sector welcomed the European Commission’s (Commission) proposal for a so-called Digital Green Certificate system but urged a

Virginia Adopts the Consumer Data Protection Act

By EsqSocial Corporation 29/04/21

On March 2, Virginia passed HB 2307 (Ch. 36) to enact the Consumer Data Protection Act (VCDPA), which becomes effective Jan. 1, 2023.

New York DFS Announces Settlement With Insurance Company Under Cybersecurity Regulation

By EsqSocial Corporation 29/04/21

On April 14, 2021, the New York Department of Financial Services (“DFS”) announced a cybersecurity settlement with insurance company National Securities Corporation, which suffered four separate breaches, two of which went unreported in violation of 23 NYCRR § 500.17(a). The settlement not only i

Eleventh Circuit Holds Commonplace Use of Letter Vendors May Violate FDCPA and Further Expands Consumer Standing in Huntstein v. Preferred Collection

By EsqSocial Corporation 29/04/21

To start with the headline, on April 21, 2021, the Eleventh Circuit Court of Appeals held that a debt collector sending personal identifying information to dunning letter vendors states a claim under the Fair Debt Collection Practices Act (FDCPA).

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