News

EIA – Energy Royalty and Rental Revenue on Federal Lands Declined Again in 2016

By EsqSocial Corporation 25/01/17

According to the U.S. Energy Information Administration (“EIA”) “In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on...

Service of Process on Foreign Defendants

By EsqSocial Corporation 25/01/17

The Supreme Court has agreed to review whether service of process by mail on foreign defendants is permissible or whether service through diplomatic channels is necessary. While the case that raised this issue is from a state court, the Court’s...

Some good news after all - reforms of the UK substantial shareholding exemption

By EsqSocial Corporation 25/01/17

The substantial shareholding exemption (SSE) in its current form broadly exempts from corporation tax capital gains realised on the disposal of certain substantial shareholdings, provided certain prescriptive conditions are met. Following criticism...

Daily Trumpdate: Good Meeting With Union Reps

By EsqSocial Corporation 25/01/17

President Trump met yesterday with representatives of a number of unions, and according to everyone involved, the meeting went well. It didn’t hurt matters that the President had withdrawn from the Trans-Pacific Partnership trade deal, which unions...

Federal Reserve Board Announces Finalized Rule Adjusting the Board’s Maximum Civil Money Penalties

By EsqSocial Corporation 25/01/17

On January 18, 2017, the Federal Reserve Board announced that it was adjusting its maximum civil money penalty limits, pursuant to federal law, to accommodate for inflation....

NLRB Joint Employer Case Will Be Heard by Federal Appeals Court on March 9

By EsqSocial Corporation 25/01/17

Oral argument on Browning-Ferris Industries of California, Inc.’s appeal seeking to overturn the National Labor Relations Board’s landmark joint employer decision, Browning-Ferris Industries of California, Inc., 362 NLRB No. 186 (Aug. 27, 2015), has...

What corporate records do family businesses need to provide to their shareholders?

By EsqSocial Corporation 25/01/17

In family businesses, disputes may arise concerning access to company information. Owners who work day-to-day in the business typically have unfettered access to this information, while passive shareholders may feel they are “in the dark” as to the...

Chicago’s Lease Transaction Tax Enforcement Draws ‘Out-Of-Bounds’ Call

By EsqSocial Corporation 25/01/17

The Illinois Supreme Court prevented the City of Chicago from imposing its Personal Property Lease Transaction Tax (Lease Tax) collection requirements on vehicle lessors operating within the City, when renting vehicles outside the City to Chicago...

SEC Sanctions Citi, Morgan Stanley Tied To Forex Trading Program

By EsqSocial Corporation 25/01/17

The SEC has continued to closely scrutinize disclosures related to trading in the markets. Its most recent cases involved Citigroup and Morgan Stanley. The actions are based on not disclosing that models used to market a product contained assumptions...

Agencies Issue Updated Antitrust Guidelines for the Licensing of Intellectual Property

By EsqSocial Corporation 25/01/17

On January 12, 2017, the Federal Trade Commission (“FTC”) and the Antitrust Division of the Department of Justice (“DOJ,” collectively the “Agencies”) issued an update to the 1995 Antitrust Guidelines for the Licensing of Intellectual Property (“IP)...

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