News

The Implementation of Automatic Exchange of Information for Tax Purposes Moves a Further Step Forwards in Singapore

By EsqSocial Corporation 20/06/16

On 9 May 2016, Singapore passed the Income Tax (Amendment No. 2) Act 2016 (Amendment Act). This is a first step towards the implementation of the Common Reporting Standards (CRS) developed by the Organisation for Economic Cooperation and Development...

Hundreds of Objections Later, Indiana Tax Court Awards Attorney’s Fees in Income Tax Appeal; Court Dismisses Untimely Assessment but Declines to Hold Taxpayer was Professional Gambler

By EsqSocial Corporation 20/06/16

In two opinions issued March 7, 2016, the Indiana Tax Court dealt another hand in the ongoing (and seemingly never-ending) discovery dispute between Gambler Nick Popovich and the Department of Revenue, awarding Popovich $24,963 and the Department...

U.S. Supreme Court Adopts a Limited Implied Certification Theory of FCA Liability, and Establishes a Robust New Materiality Requirement

By EsqSocial Corporation 20/06/16

On June 16, 2016, in the closely watched False Claims Act (FCA) case, Universal Health Services, Inc. v. U.S. ex rel. Escobar, a unanimous U.S. Supreme Court upheld the validity of the implied certification theory of FCA liability. In so doing, the...

Supreme Court rules for cop who seized drugs after unlawful stop; Sotomayor decries ‘carceral state’

By EsqSocial Corporation 20/06/16

The U.S. Supreme Court has ruled 5-3 that there is no need to toss evidence recovered after a police officer makes an unconstitutional investigatory stop…

Rule Change Would Let Law Enforcement Access Computers Remotely Regardless of Location

By EsqSocial Corporation 20/06/16

The Supreme Court recently adopted a proposed change to Rule 41 of the Federal Rules of Criminal Procedure that would allow a federal judge to issue warrants authorizing government agents to access computers located in any jurisdiction, possibly even...

CFPB takes another challenge to its jurisdiction to court

By EsqSocial Corporation 20/06/16

The CFPB filed suit against J.G. Wentworth, LLC on June 7, 2016 after the company challenged the Bureau’s expansive view of its jurisdiction. The CFPB served a CID against J.G. Wentworth, LLC on September 11, 2015 to investigate alleged...

New Delaware Chapter 11 Filings – Maxus Energy Corporation et al.

By EsqSocial Corporation 20/06/16

Maxus Energy Corporation and four affiliates have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware (Lead Case No. 16-11501)....
By: Cole Schotz

GAO Clarifies Rules Regarding the Use of Key Personnel Past Performance

By EsqSocial Corporation 20/06/16

In March 2015, GAO issued a decision in Recogniti, LLP, B-410658 (January 21, 2015), whereby it upheld the agency’s reliance upon individual past performance references for the owner of a small and relatively new company. GAO noted that the FAR...

[Webinar] How do I Demonstrate the Advantages of an Automated Third Party Due Diligence System to Senior Leadership? - July 8th, 10:30am PST/1:30pm EST

By EsqSocial Corporation 20/06/16

Join NAVEX Global and a group of your peers for a short session where we’ll answer your questions and share solutions about third party due diligence and risk management software....
By: NAVEX Global

MAS Withdraws BSI’s Merchant Bank Licence, Yeo Jiawei Charged with Money Laundering

By EsqSocial Corporation 20/06/16

On 24 May 2016, the Monetary Authority of Singapore (MAS) announced that it had served on BSI Bank Limited (BSI) a notice of intention to withdraw its status as a merchant bank in Singapore and will impose financial penalties of SGD 13.3 million for...

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