News

Fannie Mae Reminds Servicers Of Adverse Action Notice Requirements

By EsqSocial Corporation 05/08/14

On July 30, Fannie Mae issued a servicing notice to remind servicers of requirements pertaining to Adverse Action Notices. The notice states that Fannie Mae requires a servicer to send an Adverse Action Notice to a borrower within 30 days after...

U.S Senate Proposes New Bill Aimed at Curbing Campus Sexual Assault

By EsqSocial Corporation 05/08/14

Last week, a bipartisan group of eight U.S. Senators unveiled legislation aimed at decreasing the number of sexual assaults occurring on college and university campuses across the nation. The proposed legislation, titled the “Campus Accountability...

A Study Analysis and Recommendations on Approaches to First U.S. Acquisitions by Non-U.S. Companies: How Chinese Companies May Succeed in Overseas M&A Transactions

By EsqSocial Corporation 05/08/14

Recently, as the pace of “going global” speeds up, a large amount of Chinese companies have participated in M&A, control investments and substantial minority investments in businesses and properties located outside of China....

New York Federal Reserve Bank Official Questions FCPA’s “Facilitating Payments” Exception

By EsqSocial Corporation 05/08/14

On July 23, Thomas Baxter, General Counsel for the New York Federal Reserve Bank, in public remarks at a risk management conference, questioned the FCPA’s “exception for ‘facilitating or expediting payments’ made in furtherance of routine government...

Guidance Helps Medical Device Companies Determine Substantial Equivalence

By EsqSocial Corporation 05/08/14

When is a medical device substantially equivalent to another device? Like so much else, it depends. On July 15, 2014, the U.S. Food and Drug Administration (FDA) issued a draft guidance that aims to clarify that question....

Massachusetts Enacts Flood Insurance Bill

By EsqSocial Corporation 05/08/14

On July 23, Massachusetts Governor Deval Patrick signed HB 3783, which prohibits creditors from requiring borrowers or owners to purchase flood insurance on the property: (i) at a coverage amount that exceeds the outstanding mortgage thereon; (ii)...

[Video] Managing Your Anti Corruption Policies and Procedures

By EsqSocial Corporation 05/08/14

In response to the aggressive enforcement environment, companies have adopted robust anti-corruption policies and procedures. As always, the effectiveness of a company's policies depends on implementation, management and monitoring of its policies....

SDNY Judge Orders Microsoft to Produce Emails Stored Abroad

By EsqSocial Corporation 05/08/14

Chief Judge Loretta A. Preska of the U.S. District Court for the Southern District of New York affirmed Magistrate Judge James C. Francis IV’s opinion and ordered that the U.S. Department of Justice (DOJ) could compel Microsoft Corporation...

Illinois to Limit How Employers Can Use Criminal Checks in Hiring

By EsqSocial Corporation 05/08/14

A new Illinois law that takes effect next year will affect how employers in the state handle job candidates’ criminal records in the hiring process. The law prohibits employers from inquiring about a job candidate’s criminal convictions until after...

How Project Bonds Can Release Asset Value

By EsqSocial Corporation 05/08/14

Whilst project bonds have for some time been a popular source of financing for projects in the US, they have historically been slow to gain momentum in other parts of the world, including the Middle East....

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