Mar 12 – EB5 Coronavirus Update

<!– Comment –>
<p>Comment: EB5 Coronavirus Update
</p>
<ul>
<li>
Coronavirus shuts down EB5 industry: Dramatic developments in the
coronavirus pandemic have spurred dramatic action in the EB5 industry
within the last 48 hours. This week, most EB5 issuers have recalled
their team members from across the globe (for liability reasons), the
EB5 industry is effectively shut down. Events planned in March have
been cancelled or postponed, some have launched “virtual conferences”
in the meanwhile, most events are scheduled to restart after Memorial
Day.
</li>
</ul>
<ul>
<li>
Plan A: The EB5 industry is presuming that it will be business as usual
come June. Either explicitly or implicitly, everyone is assuming that
coronavirus will be under control based on governmental action or
summer sunshine (neither of which are certain to work). Even if
coronavirus is no longer a factor by June, there will be a flood of
projects seeking investments at that time, and no one knows what the
state of demand will be after a months-long hiatus in supply of EB5
securities.
</li>
</ul>
<ul>
<li>
Plan B: However, there is the possibility that the coronavirus will not
be under control by June, and for that possibility, the EB5 industry
doesn’t have a Plan B at the moment. Here is what a Plan B would have
to take account of: From the coronavirus statistics, it appears that
the pandemic lies somewhere between 1957 and 1918 Flu pandemics, in
terms of scale. Confucian countries like South Korea &amp; China have
been effective in controlling the epidemic, but Western countries like
Italy have been unsuccessful in controlling it. France seems to be
following the pattern of Italy and the US appears to be not far behind
France, as of this writing. We could possibly have tens of thousands of
deaths in the US, based on 1957 and 1918 precedents (Chancellor Merkel
of Germany has warned that more than half of the population of Germany
will contract the virus). There is no escaping the coronavirus by
holing up in a cave under a Plan B scenario – so here’s hoping that
Plan A works.
</li>
</ul>
<p>
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new EB5 world by emailing us at
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, calling us at 212-545-0818 or
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<p><a href=”http://discuss.ilw.com/articles/articles/393228-article-abcs-of-h-1bs-this-is-part-v-of-an-viii-part-series-does-my-master%E2%80%99s-degree-qualify-for-the-h-1b-master%E2%80%99s-cap-by-david-h-nachman-esq-michael-phulwani-esq-and-ludka-zimovcak-esq” target=”_blank”>Article: ABCs Of H-1Bs (This Is Part V Of An Viii Part Series): Does My Master’s Degree Qualify For The H-1B Master’s Cap? By David H. Nachman, Esq., Michael Phulwani, Esq. and Ludka Zimovcak, Esq. </a></p>

<p><a href=”http://discuss.ilw.com/blogs/immigrationlawblogs/393220-europeans-condemn-trump-s-travel-ban-which-experts-say-won-t-stop-us-coronavius-is-this-because-trump-objects-to-europe-s-nonwhite-immigrants-by-roger-algase” target=”_blank”>Blogging: Europeans condemn Trump’s travel ban, which experts say won’t stop US coronavius. Is this because Trump objects to Europe’s nonwhite immigrants? By Roger Algase
</a></p>

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<p>
Headline: As coronavirus spreads, Trump immigration policies endanger public health

<a href=”https://thehill.com/opinion/immigration/487187-as-coronavirus-spreads-trump-immigration-policies-endanger-public-health” target=”_blank”>Click here</a><br>

Headline: Activists Say ICE Check-Ins Put Elderly Immigrants at Risk for Coronavirus
<a href=”https://www.miaminewtimes.com/news/coronavirus-ice-wont-suspend-immigration-check-ins-in-miramar-11589116″ target=”_blank”>Click here</a><br>

Headline: US: COVID-19 Threatens People Behind Bars
<a href=”https://www.hrw.org/news/2020/03/12/us-covid-19-threatens-people-behind-bars#” target=”_blank”>Click here</a><br>

Headline: It takes skill to work in a restaurant. Try telling that to the Home Office
<a href=”https://www.theguardian.com/food/2020/mar/12/skill-to-work-in-a-restaurant-immigration-brexit-jay-rayner” target=”_blank”>Click here</a><br>

Headline: Neufeld memo: US Court scraps old memo used to deny H-1B visas

<a href=”https://economictimes.indiatimes.com/nri/visa-and-immigration/neufeld-memo-us-court-scraps-old-memo-used-to-deny-h-1b-visas/articleshow/74585721.cms” target=”_blank”>Click here</a><br>
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