Manage episode 340402821 series 2105959
Ron Klasko and Dan Lundy, both partners with Klasko Immigration Law Partners, talk with Anu Nair about a major litigation victory on which they were co-counsel. The litigation is significant because USCIS had put restrictions on the EB-5 regional center program that went beyond what Congress intended when it reinstated the program in March 2022, which would have killed the program for years.
Anu Nair asks Ron Klasko and Dan Lundy to explain the importance and the details of the settlement and what it means for regional centers and investors moving forward:
- Why was the litigation necessary to reopen the program?
- What are the terms of the litigation settlement?
- Are all the regional centers active again?
- What is the difference between the forms I-956 and the I-956F?
- What documents can investors use now to file their petitions?
- What is the likelihood of issues with regional center recertification?
- Will there be any deference given to previously approved regional centers and projects?
- What happens to investors if their regional centers don’t continue in the program?
- What more communication will the EB-5 industry have with USCIS in the future?
Thank you to our clients, who were plaintiffs in this litigation: EB-5 Capital, CanAm Enterprises, Civitas Capital Group, Golden Gate Global, Pine State Regional Center, and IIUSA. Without their intervention, the EB-5 regional center program would still be inactive today.
Please email us at email@example.com with any questions you have on this topic.
Speakers on this episode are:
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