Vo l u m e 2 - N u m b e r 2
On the cover
In this issue, we highlight current legislation affecting the
EB-5 program. Go to page 50 to read about each piece of
legislation, along with commentary from their sponsors. On
page 56 you can read an article from Congressman Jared
Polis about his involvement in the EB-5 program.
6 A Report on the Source of Funds:
Perils of the Administrative Fee
by Christian Triantaphyllis and Catharine Yen
10 ELIS for EB-5: Big Brother and
Your EB-5 Petition
A look at the effects of
electronic processing
by Soyini Coke
12 Guest Expenditure: A Revival?
Considering the future of guest
expenditure job creation
by Julia Lin
14 Reconsidering Materiality
An analysis of definitions and
interpretations of material change
in EB-5 petitions
by Walter S. Gindin
18 What is an EB-5 Investment
“At Risk?”
A discussion of the “at risk”
requirements of EB-5 investments
by Mona Shah and Yi Song
SPRING 2014
36 Practice Pointers
The Business Lawyer Beyond
Just Securities
by Michael Homeier
The EB-5 Attorney at the Crossroads
of Law and Marketing
by H. Ronald Klasko
40 From the Desk of an EB-5 Lawyer
Updates from the first half
of fiscal year 2014
by David Hirson
42 The Public-Private Prototype
Highlighting the Vermont EB-5
Regional Center
by Courtney Creedon
44 The Chinese Connection
An interview with Linda He of
Wailian Overseas Consulting Group
by EB5 Investors Magazine
50 EB-5 Wins Advocates
on Capital Hill
22 Advanced Direct
Investment Structures
Ending the myth of the direct
investor owner/operator
Legislation Proposes Bright
Future for EB-5
56 Reforming and Strengthening
the EB-5 Program
by Nima Korpivaara
26 The Role of the SEC in EB-5
Why does the SEC have a place in EB-5?
by Jor Law
by Courtney Creedon
by Congressman Jared Polis
62 Global Investment Immigration:
It’s a Buyer’s Market
An analysis of what drives immigrant
investors’ decisions
28 Due Diligence and Dual
Representation in EB-5 Cases
Examining the challenges of representing by Rohit Kapuria
regional centers and their investors
by Brandon Meyer and Elizabeth Peng
65 Spotlight on the Shutdown
Canada folds prominent immigrant
32 Kate’s Corner
investor programs
A Long Road to EB-5:
by Courtney Creedon
One Investor’s Journey
by Kate Kalmykov and Dillon Colucci
w w w. E B 5 I n v e s to r s . c o m
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