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Continue Reading GT Presents “EB-5 Financing: How it Affects Your Business”
Where Government Policies and Business Realities Converge
The Internal Revenue Service recently proposed enormously complex regulations under the Foreign Account Tax Compliance Act. The attached GT Alert discusses the challenges that a U.S. real estate fund or
By Steven Felsenstein
The hallways are abuzz with EB-5 Program conference attendees excited about the prospect of finally being able to conduct public campaigns for their projects by advertising, discussing projects in media interviews, undertaking internet marketing campaigns and website postings, and by sponsoring seminars and other broad-based capital raising meetings once the U.S. Securities and Exchange Commission (the “SEC”) adopts rules to implement an expansive new law.[1] Securities lawyers and conference speakers are explaining that the Jumpstart Our Business Startups Act (the “JOBS Act”) removes the longstanding prohibitions against general solicitation and advertising in private offerings made pursuant to Rule 506 of Regulation D under the Securities Act, but only if all purchasers in these offerings are accredited investors, and the issuer takes reasonable steps to verify using methods to be determined by the SEC that all investors are accredited.[2] Careful lawyers and lecturers remind conference attendees that these securities law changes authorized by the JOBS Act are not yet in effect. They also note that the new provisions do not obviate the need for a well-written, adequate disclosure document commonly referred to as a private placement memorandum or PPM.[3] The changes in the law, however, will not reduce the risks of poorly implemented offerings.
Continue Reading The JOBS Act: Potential Pitfalls for Pooled Investment Vehicles and their General Partners, Managers and/or Regional Center Sponsors
May 16-17, 2012
8:30 a.m. – 5:30 p.m.
Agenda
Greenberg Traurig, …
Continue Reading EB-5 Overseas Funding Conference May 16-17, 2012
As we reported last week, on April 27, 2012, USCIS Director Mayorkas hosted a Conversation engagement with the EB-5 community on the tenant-occupancy economic model. During the call the Director…
Continue Reading USCIS Follow-up on the Conversation with Director Mayorkas Related to Tenant Occupancy