EB5 Investors Magazine Volume 4 Issue 1 | Page 63

EB-5 AT TORNE YS SPECIALIZED FIELDS David Morris Visa Law Group PLLC An immigration lawyer for more than 24 years, David Morris is co-chair of the American Immigration Lawyers Association’s EB-5 Investor Visa Committee and a senior editor of one of the leading EB-5 books, Immigration Options for Investors & Entrepreneurs (3rd ed.). Morris manages Visa Law Group’s Washington, D.C., office, which practices immigration and visa law exclusively. With his leadership as Co-Chair, the AILA EB-5 Committee, composed of 15 leading immigration lawyers in the EB-5 field, continues to be recognized as the pre-eminent authority for legal analysis and reporting within the industry. AILA’s outstanding technical work and outreach has helped regional centers and investors better understand the Program’s complex rules and policies. Not surprisingly, he was a leading voice in the broader 2015 legislative campaign to extend the program.  Morris is one of few professionals holding a valuable long-view of EB-5’s history. Th e perspective he gained between 1996 and 2000 makes him especially unique, when the program was effectively turned upside down. Prior to 2000, when the EB-5 program was still small but growing, Morris’s firm represented a large percentage of foreign investors. There was strong optimism that the pilot program would fully realize its legislative intent and provide a reliable path to residency as a result of investment and American job creation. Morris was present when that changed literally overnight, when the federal government issued the Matter of Izummi precedent decision. He describes how the INS instituted immediate and sweeping rule changes, many applied retroactively, through a series of AAO decisions. The INS then formed special adjudication teams to deny or revoke almost every I-526 petition that had not yet resulted in conditional residency. For Morris, the program’s darkest days have provided him with invaluable experience. There is no doubt in his mind that today’s EB-5 policies can all be traced back to issues raised in 1998. Morris graduated from the University of Buffalo with a degree in political science, and earned his law degree from the University of Dayton. He is a distinguished speaker or moderator at nearly every major industry conference. the end of that first decade, he had established a regional center. He is now a partner in the firm Seyfarth Shaw LLP, where he primarily works with regional centers, project developers and banks. Paparelli is known throughout the EB-5 industry as a lawyer’s lawyer equipped to take on difficult cases. Having also practiced international business and tax law, Paparelli brings unique expertise to the EB-5 field. He visualizes creative solutions to intricate problems and sees EB-5 complexities arising from the lack of published governmental regulations, and the plethora of non-precedent administrative decisions and non-binding guidance. Without a substantial body of EB-5 legal authorities available for citation, Paparelli relies on logic, analogy and his broad knowledge of other immigration and corporate law categories where interpretations are settled. To support the EB-5 community, Paparelli runs a free monthly telephone roundtable for experts in the EB-5 arena to discuss specific issues in detail. He has found that a penny-wise, pound-foolish mentality in the EB-5 community often leads to problem cases, and preventable RFEs and denials. He hopes that those interested in EB-5 will navigate its ambiguities by relying on experienced professionals. Paparelli is an avid writer. He co-edited Forming and Operating a Regional Center: A Guide for Developers and Business Innovators and The EB-5 Book 2014-2015 Edition. He also was named in 2016 by Chambers & Partners and Legal 500 as a Band 1 immigration lawyer. You can find Paparelli’s musings on all things immigration law on his blog Nation of Immigrators. When he is not practicing law, he enjoys yoga, fitness, theater and, most importantly, spending time with his wife and two daughters. Profile Profile Angelo Paparelli Seyfarth Shaw LLP Angelo Paparelli has been engaged with EB-5 issues since 1990, when Congress first created the Immigrant Investor Program. Before regional centers were authorized, Paparelli focused on direct pooled and individual investments. He often developed solutions to open questions that floated around the EB-5 community with no easy answers. By TOP 10 WWW.EB5INVESTORS.COM 61