On Tuesday, March 1, 2016, AABANY’s Immigration and Nationality Law Committee and KALAGNY hosted Part 2 of its EB-5 CLE series entitled “Starting an EB-5 Practice?” The event was held at the offices of Akerman LLP in Midtown Manhattan.
The event was an attorney CLE (continuing legal education) program geared at providing an overview to attorneys considering adding EB-5 as a practice area. Julia Yong-hee Park, the Managing Director of Advantage America EB-5 Group walked the attendees through the initial consultation process for a prospective EB-5 client. Different types of investor “source of funds” was reviewed and the attendees also reviewed a sample I-526 legal memorandum, PPM, Subscription Agreement and Operating Agreement of an EB-5 deal.
Nearly 50 people attended the conference which ended with a robust Q&A session covering a wide range of topics from how EB-5 fits into a real estate capital stack to Child Status Protection Act issues arising from the EB-5 visa backlog for Chinese nationals.
Thanks to AABANY and KALAGNY for co-sponsoring this CLE with Advantage America EB-5 Group. A special thanks to Eve Cho Guillergan of KALAGNY and all the Committee Co-Chairs from AABANY’s Immigration and Nationality Law Committee: Tsui Yee, Amanda Bernardo and Rio M. Guerrero. Last but not least, special thanks to Steven Polivy, Managing Partner of Akerman for graciously providing space for the event.