LexisNexis® Legal Newsroom
N.Y. Trustee Seeks $1 Billion From 7 International Banks

NEW YORK - (AP) Seven global banking institutions enabled disgraced financier Bernard Madoff's Ponzi scheme by "creating and offering derivative investment products linked to various Madoff feeder funds," a court-appointed trustee alleged Wednesday. Trustee Irving Picard announced a lawsuit...

Investment in Alternative Energy After the End of Cash Grants

The cash grant program for renewable energy expires at the end of this year. When cash grants end, renewable energy projects will once again rely on 'tax equity investors' to offer lower-cost financing in exchange for the tax credits and accelerated depreciation that are available to investments...

Will Austin Grow Green EB-5 Visas?

"Saying Austin can become a magnet for investment in green energy jobs, Mayor Lee Leffingwell unveiled plans Monday to take part in a federal program that lets foreign investors earn green cards in exchange for creating jobs. Flanked by a host of Austin elected officials, including state...

The Venture Spotlight - Indy Driver, Team Owner and Angel Investor Sam Schmidt

This edition of The Venture Spotlight features a 30 minute interview with Sam Schmidt, a professional indy car driver who suffered a horrific crash about 10 years ago leaving him paralyzed from the neck down. Now Sam heads a racing team and also periodically makes investments in startups. Most recently...

Country Specific Issues in EB-5 Practice – China

The People's Republic of China is one country that EB-5 practitioners and related EB5 professionals cannot afford to neglect. The top 5 countries [1] in 2012, for EB-5 alien entrepreneurs are: China, South Korea, Taiwan (region), Iran and Venezuela. Chinese investors account for an overwhelming...

Construction Jobs Count in EB-5 Projects: Can We Count the Jobs with Confidence?

For the more seasoned EB-5 practitioner, memories of when construction jobs could not be counted towards the job creation requirement remain vivid. While it is true that the some construction jobs may now be counted, with the plethora of real estate projects being introduced and managed by Regional...

Construction Jobs Count in EB-5 Projects: Can We Count the Jobs with Confidence?

For the more seasoned EB-5 practitioner, memories of when construction jobs could not be counted towards the job creation requirement remain vivid. While it is true that the some construction jobs may now be counted, with the plethora of real estate projects being introduced and managed by Regional...

EB-5 Practice under SEC Proposed Rules to Implement the JOBS Act

Regional Centers [1] lawfully raise capital within the EB-5 Program [2] pursuant to one or more exemptions from registration set forth in the United States securities laws. The most commonly utilized exemptions in EB-5 offerings are Regulation D (the Private Placement exemption) and Regulation S...

New Leadership in China and EB-5 Practice

The seven-member Politburo Standing Committee in China greeted the world in the Great Hall of the People on November 15, 2012 in Beijing. What does the new leadership in China mean to EB-5 practice? Most believe it is too early to tell. However, a few welcoming changes have already taken place. ...

SEC Delays Rules on Key EB-5 Section in JOBS Act

When the JOBS Act was enacted in April 2012, it raised a significant amount of excitement in the EB-5 community. At the time, there was a general consensus that the Act could change the landscape of EB-5 private offerings. However, the Securities and Exchange Commission's (SECs) indefinite delay...

The Lure of Citizenship is the Key to an Offering Fraud Halted by the SEC

A path to U.S. citizenship premised on an immigration program crafted to help create jobs, and surrounded with misrepresentations and false documents was the lure used by Anshoo Seithi and his controlled entities to defraud 250 investors of millions of dollars, according to an SEC complaint. The...

SEC Says Immigration Program Offering Path to U.S. Citizenship Used to Defraud 250 Investors

A path to U.S. citizenship premised on an immigration program crafted to help create jobs, and surrounded with misrepresentations and false documents was the lure used by Anshoo Seithi and his controlled entities to defraud 250 investors of millions of dollars, according to an SEC complaint. The Commission...

How the ACCC Scandal has Disturbed the EB-5 Market in China – Current Market Trends and Updates

Introduction: On February 6, 2013, the Securities and Exchange Commission (SEC) charged the EB-5 project A Chicago Convention Center (ACCC) and its principal Anshoo R. Sethi with securities fraud. The project was marketed primarily in China, with great pomp and fanfare. It offered 499 limited...

Real Estate Gazette Update - IRS Clarifies REIT Definition Of “Real Property” In Proposed Regulations (and More)

The repercussions of the financial crisis of 2008 continue to resonate around the world. Of particular interest to readers of these pages is the resulting increase in regulations governing the activities of those involved in the investment market. As a major investment asset class, real estate is inevitably...

CDP Announces Climate Change Reporting Changes for 2015

The following post is provided by our guest author, Karen Lutz from TRC Environmental Corporation. Karen can be reached at klutz@trcsolutions.com . CDP, an international nonprofit organization that provides a global system for measuring, reporting and managing vital environmental information, is issuing...

Real Estate Crowdfunding

By Brad Kaplan By now you have heard of Kickstarter or Indiegogo as tools for the creative class with little available capital to fund their ideas and dreams. But have you heard of Fundrise , Realty Mogul , RealtyShares or CrowdStreet ? Think of these and other real estate crowdfunding websites...

crowdfunding business people

Climate Change as a Charitable Investment?

Mitigating climate change is going to require unlocking new sources of finance to fund the innovative technologies that will take us to a low-emissions future. Program related investments (PRIs), investments that support charitable activities while also offering the potential return of capital, are one...

Real Estate Gazette: A Focus on the Hospitality and Leisure Sector In Some of the World’s Key Jurisdictions

By Dr. Olaf Schmidt In this issue, we turn the spotlight on the hospitality and leisure sector in some of the world’s key jurisdictions, focusing on topics that are intricately linked with real estate. Also discussed in this issue are recent changes to the tax regime in Australia, which are...