Recent Posts
Blog Post
03/31/2021
By Rohit Kapuria and Steven C. Reingold

Rohit Kapura and Steven Reingold, partners at Saul Ewing Arnstein & Lehr (SAUL), participated in a joint webinar with EB5 Affiliate Network (EB5AN), a leading EB-5 regional center network, and shared their expertise in the EB-5 visa program. The webinar took place on Thursday, March 25, 2021 but a recording can be found by registering here.

Blog Post
02/03/2021
By Ronald R. Fieldstone and Jay Rosen

Ronnie Fieldstone and Jay Rosen, Partners at Saul Ewing Arnstein & Lehr (SAUL) will be participating in a joint webinar with EB5 Affiliate Network (EB5AN), a leading EB-5 regional center network, to share their advice and experience working with EB-5 project sponsors and developers who have raised capital from EB-5 investors. The webinar is scheduled for Thursday, February 4, 2021 and will share valuable information on the challenges EB-5 project sponsors and developers face with respect to EB-5 capital redeployment.

Blog Post
12/30/2020
By Ronald R. Fieldstone and Rohit Kapuria and Jay Rosen

As expected, Senator Grassley, with significant support, including the support of IIUSA, has proposed a bill to reauthorize the EB-5 Regional Center Program (the "EB-5 Program") in order to "prevent fraud and promote and reform foreign capital investment and job creation in American communities."

Blog Post
11/06/2020
By Steven C. Reingold and Rohit Kapuria

On October 27, 2020, the United States Court of Appeals for the District of Columbia Circuit issued a decision discussing the investment in a new commercial enterprise (an “NCE”) of loan proceeds by investors seeking to obtain visas under the employment-based, fifth preference immigrant visa program (the “EB-5 Program”). Confirming the decision of the United States District Court for the District of Columbia, the Court of Appeals held in Zhang v. United States Citizenship and Immigration Services, No. 19-5021, 2020 WL 6277726 (D.C. Cir. Oct. 27, 2020), that under the regulations implementing the EB-5 Program, the proceeds of a loan qualify as cash, rather than indebtedness, as a result of which an investor who obtains a loan to make the required investment in an NCE need not demonstrate that the loan was secured by the investor’s personal assets.

Blog Post
07/27/2020
By Ronald R. Fieldstone and Rohit Kapuria

Following its landmark release of an EB-5 Policy Manual on June 14, 2017 (the Policy Manual), until July 24, 2020, the United States Citizenship and Immigration Services (USCIS) had only made some minor updates over the last three years. On July 20, 2020, however, USCIS, issued certain “clarifications” to the Policy Manual (the Policy Manual Update) that were welcome, jarring and downright unsupportable.

Blog Post
04/08/2020
By Ronald R. Fieldstone and Rohit Kapuria

Needless to say, the COVID-19 pandemic ("Pandemic") has had a tremendous impact on the EB-5 world. We have included a sample that an EB-5 Issuer can adopt either for notifications to its EB-5 investors or for its offering documents. As a matter of practice, our Firm builds out similar language for each client notice and/or offering document supplement.  

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