News

Texas Supreme Court Update: Boundary Dispute Between Leasehold Owner and Lessees of Adjacent Tract

By EsqSocial Corporation 03/05/21

Bringing to mind the infamous Hatfield-McCoy family feud, Concho Resources, Inc. v. Ellison is a classic boundary dispute between a leasehold owner and neighboring lessees with allegations of fraud and more than $1 million at stake. See 2021 WL 1432222 (Tex. Apr. 16, 2021).

Update On Fourth Circuit Published Opinions Without Argument

By EsqSocial Corporation 03/05/21

Back in January I blogged about how frequently, and in what types of cases, the Fourth Circuit was issuing published opinions after submission on briefs–a new phenomenon in the Circuit made possible only by the pandemic-related suspension of Local Rule 36(a) by Standing Order 20-1.

$15 Federal Contractor Minimum Wage

By EsqSocial Corporation 03/05/21

On April 27, 2021, President Biden issued a new Executive Order that raises the federal contractor minimum wage to $15 per hour, from the current $10.95 per hour, starting January 30, 2022......
By: Husch Blackwell LLP

The President’s Recent Tax Proposals: What Do They Mean For Business Owners?

By EsqSocial Corporation 03/05/21

A Night to Remember? Did you listen to the President’s speech last Wednesday? He addressed a joint session of Congress to pitch the Administration’s $1.8 trillion American Families Plan.

1940 Act Regulatory Checklists

By EsqSocial Corporation 03/05/21

Rule 12d1-4 under the Investment Company Act of 1940 permits funds to enter into “funds of funds” arrangements notwithstanding the prohibitions of Section 12(d)(1) of the Act of 1940, provided that certain conditions are met.

Rhode Island Supreme Court Imposes A New Time Limitation On Original Homeowners To Discover Latent Defects

By EsqSocial Corporation 03/05/21

In a case of first impression, the Rhode Island Supreme Court this term held that a homeowner has (1) ten years following the substantial completion of an improvement to real property to discover a latent defect and (2) three years following the discovery of the latent defect or three years of th

Bankruptcy Courts Need Tools To Help Real Estate Debtors

By EsqSocial Corporation 03/05/21

It has been quite the year. We are experiencing a once-in-a-lifetime economic recession as a result of a pandemic, and we are not done yet. There appears to be a time lag between the pandemic and its fully felt impact on real estate... Originally published in Bloomberg Law May 3, 2021....

Biden Administration Issues Travel Ban for India

By EsqSocial Corporation 03/05/21

On April 30, 2021, the Biden Administration issued a proclamation imposing restrictions on the admission of travelers from India. The ban will take effect at 12:01 am eastern daylight time on Tuesday, May 4, 2021.

Labor Department Further Delays FLSA Tip Regulations Final Rule Until The End Of 2021

By EsqSocial Corporation 03/05/21

On April 28, 2021, the U.S. Department of Labor (DOL) announced that it will further delay, until December 31, 2021, the effective date of portions of the previous administration’s Tip Regulations Final Rule under the Fair Labor Standards Act (FLSA)......

Discounted Assets and Funding Challenges in Estate Administration

By EsqSocial Corporation 03/05/21

Estate of Miriam M. Warne, T.C. Memo 2021-17 (February 18, 2021) (“Warne”), a recent Tax Court case, illustrates a potential mismatch between the value of an asset for estate tax purposes and the value of the asset for purposes of the marital or charitable deduction from estate tax.

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