News

Tax Court Clarifies Meaning of Worthlessness for Real Property Loss Deductions

By EsqSocial Corporation 11/11/15

In the recently published case of Tucker v. Commissioner, T.C. Memo 2015-185, the Tax Court held that a taxpayer was not entitled to a loss deduction for real property subject to a recourse mortgage unless and until a foreclosure sale of the property...

California Employment Law Notes - November 2015

By EsqSocial Corporation 11/11/15

Newly Enacted California Statutes - Paid Sick Leave Law Is Amended - The amendments to the law include a clarification as to who is a covered worker; alternative accrual and payment methods; and a grandfather clause protecting employers that...

FDIC Issues Advisory on Loan Purchases and Participations

By EsqSocial Corporation 11/11/15

The Federal Deposit Insurance Corporation (“FDIC”) has issued an advisory on effective risk management practices for purchased loans and purchased loan participations (the “Advisory”). The Advisory addresses the importance of underwriting and...

Person of interest in attack on judge is charged with murder in unrelated case

By EsqSocial Corporation 11/11/15

A Houston man identified as a person of interest in a shooting that injured a Texas judge has been charged with murder in an unrelated…

How Does Your Terms of Service Agreement Rate?

By EsqSocial Corporation 11/11/15

Online terms of service agreements are the rarely-read but often-mocked daily annoyance of Internet users worldwide. A large (literally) barrier to the immediate gratification of access to online content, most of us are guilty of blindly clicking “I...

Budget Law Moves Towards Site-Neutral Medicare Payments; Join Foley for a Discussion on November 13

By EsqSocial Corporation 11/11/15

The recently enacted Bipartisan Budget Act (P. L. 114-74) included a provision that will significantly alter the future of hospital-based outpatient care. The provision, Section 603, will exclude from Medicare’s outpatient hospital prospective...

Governor Cuomo Signs Legislation Expanding Protections From Gender Bias in the Workplace

By EsqSocial Corporation 11/11/15

On October 21, 2015, New York State Governor Andrew Cuomo signed into law eight bills that significantly amend New York State’s equal pay, sex discrimination, harassment, and other laws to provide additional protections for women in the workplace....

Deutsche Bank and Sanctions Violations: More to Come

By EsqSocial Corporation 11/11/15

Deutsche Bank agreed to pay $258 million and fire six employees to resolve a New York and Federal Reserve investigation for sanctions violations from 1999 to 2006. The settlement is big news but ignores three key players who are continuing to...

CFPB Reports on Access to Mobile Financial Services

By EsqSocial Corporation 11/11/15

The Consumer Financial Protection Bureau (“CFPB”) this week shed new light on the growing mobile financial services sector, publishing a report compiling responses to its 2014 request for information on these services....

What you need to know about Hong Kong Competition Law (Part 4) - The Merger Rule and the Telco Rule

By EsqSocial Corporation 11/11/15

The implementation of the new Competition Ordinance (Chapter 619 of the Laws of Hong Kong) (the Competition Ordinance) on 14 December 2015 will mark the first time that Hong Kong has had a general and cross-sector competition law....

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