Comment: Meltdown of Chinese EB5 Market: Fallout and Solutions

According to a recent insightful article by Ron Klasko, the Chinese EB-5 market has markedly slowed down to a point that, absent a legislative fix, "The ability of EB‑5 projects presently on the market to complete large capital raises, on which the project’s success is dependent, would almost certainly be compromised." We see this as a meltdown, which has just begun, and which will only keep getting worse. Naturally this means that EB5 issuers have to look at other countries for EB-5 capital, especially the 2nd and 3rd largest EB-5 markets -India and Vietnam- which are now unavoidable for EB-5 capital raises.

With the collapse of the Chinese EB-5 market, the entire market is shaking out and the players will change. More than a few issuers: large, medium and small, will likely exit the market. Furthermore, immigration attorneys who were once the most prominent players may find themselves on the outside looking in, and new players may rise to the top.

Legislation to increase EB5 numbers may be the only way out of this situation. ILW's opinion is that with so many weighty and politically critical matters on Congress's plate, there will be no time or political oxygen through Christmas to do any numbers fix for EB5. There is one idea, however, that should garner bipartisan interest and support even in the current difficult political climate which is: combining a new DREAM Act with an EB-5 program overhaul. We think that such an immigration bill would achieve majority backing in both chambers with support from both sides of the aisle.

Due to the China market meltdown, Issuers need to expand their agent base in China to ensure investment volumes before September 30. Our China Expo coming up August 21-25 can help you reach new agents. Click here to request China Expo information.

India, now the #2 EB5 market, is unavoidable for all Issuers. Our India Expo coming up September 11-15 will help you tap into the exploding India EB-5 market. Click here to request India Expo information.

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Focus: ILW.COM is pleased to announce The PERM Book 2017-18 edition. Coming soon
Editor: Joel Stewart; Contributors: Michael H. Boshnaick, Attilio Costabel, Pamela Genise, Daniel Larson, Cyrus Mehta, Sheela Murthy, Dilip Patel, Michael E. Piston, Rabindra K. Singh, Pradeek Susheelan, David Ware, Nathan Waxman, Mitchell Wexler and Sophie Zneimer.

Book includes: Chapter 1: All About the Law, Chapter 2: Parties to PERM, Chapter 3: Legal Requirements, Chapter 4: Anomalies: Special Handling or Processing, Chapter 5: Educational Degrees as Requirements, Chapter 6: Job Offers, Chapter 7: Prevailing Wage Requests, Chapter 8: All About Recruitment, Chapter 9: Consideration of Job Applicants, Chapter 10: All About Filin, Chapter 11: Post Filing Issues, Chapter 12: Approvals: Expiration, Validity, Portability & Duplicates, Chapter 13: Denials, Chapter 14: Request for Reconsideration, Chapter 15: Introduction to BALCA, Chapter 16: How to Request Review at BALCA, Chapter 17: Consideration by BALC, Chapter 18: BALCA Can Remand, Chapter 19: Disciplinary Measures, Chapter 20: DOL Organization and Updates, Acknowledgements, The PERM Book Online Library

For additional information, including author biographies and purchase information, please see:
Online
Fax Form.

Headline: Mayor Barry Urges Trump to Continue DACA Immigration Program Click here
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Headline: Group Challenging Immigration Policy in Washington Co. Click here

Help Wanted: Immigration Attorney
New York, NY - Yarden Law Group has an opening for an immigration attorney with at least one year of business immigration experience to handle immigrant and non-immigrant cases including O-1, P-1, L-1, E-1, E-2, E-3, J-1, TN, EB-1,2,3 and naturalization cases. Good writing skills are necessary as well as ability to manage cases throughout their life cycle and effective communications with clients and team-members. Compensation depends on experience and skills. if interested, please submit your resume and cover letter by email to shavit@yardenlaw.com.

Help Wanted: Immigration Attorney
New York, NY - Immigration lawyer (Midtown, Manhattan) - Boutique business immigration firm seeks Associate with 3+ years of experience & a demonstrated passion for the field. Must have extensive experience handling PERMs, full range of NIV (esp. H & L) and IV petitions. The successful candidate will demonstrate strong initiative, ability to handle a high volume and diverse case load, top-tier English writing and communication skills, and excellent organizational skills. Compensation package commensurate with experience and skills. Outstanding environment, team oriented. Please email cover letter, resume & 2 relevant writing samples to: mneedleman@levittandneedleman.com.

Help Wanted: Immigration Professional
Fort Lauderdale, FL - Shane, Shane and Brauwerman, an uptown Ft. Lauderdale immigration law firm, has an immediate opening for a full-time administrative assistant. Minimum four years of experience required. Extensive knowledge of LawLogix imperative. Excellent communication skills and Spanish/English languages are required. This is a great long term opportunity for the right person. We offer outstanding benefits such as 401(k), profit sharing and health insurance. Reply in confidence. Send your resume and salary expectations to mshane@shanelaw.com.

Letters of the Week

ComingsNGoings: Immigration Reading
Asylum-Seeker and Refugee Protection in Sub-Saharan Africa: The Peregrination of a Persecuted Human Being in Search of a Safe Haven (Routledge Research in Asylum, Migration and Refugee Law) by Cristiano d'Orsi - Routledge, 344 pages ISBN: 978-1138094253, $49.95 https://www.amazon.com/gp/product/1138094250


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