EB5 Investors Magazine Volume 5, Issue 2 - Page 68

TOP IMMIGRATION ATTORNEYS STEPHEN YALE-LOEHR Attorney of Counsel Miller Mayer LLP S tephen Yale -Loehr is an attorney of counsel in Miller Mayer’s Immigration practice group. He brings over 35 years of immigration law experience in advising corporate and individual clients on a broad array of family- and employment-based immigration matters. In addition to his work at Miller Mayer, Yale-Loehr is an active and internationally renowned member of the immigration law community. He teaches immigration and asylum law at Cornell Law School as a professor of Immigration Practice. He also founded and was the original executive director of IIUSA, a trade association of EB-5 immigrant investor regional centers. He is listed in Who’s Who in America and is annually listed in Chambers Global, Chambers USA, and An International Who’s Who of Corporate Immigration Lawyers as one of the world’s best immigration lawyers. He is frequently quoted in the press on immigration issues and has often testified before congress. WHAT DO YOU THINK THE FUTURE OF THE EB-5 INDUSTRY LOOKS LIKE? The most important reform is to add EB-5 numbers. The current backlog is too long, especially for investors from China. Absent an increase in numbers, the EB-5 program will never achieve its true potential. Second, congress should enact integrity measures to increase transparency and oversight in the EB-5 process. That would give confidence to investors and Americans the development of I-924 regional center applications, and counsels regional centers and developers on ongoing compliance issues. Yen has spoken at national conferences regarding her EB-5 practice and she has co-authored several articles on various EB-5 topics. With an office in Ho Chi Minh City, Vietnam, Yen’s current EB-5 practice primarily focuses on the Vietnam market. Yen has also assisted multi-national companies in business immigration matters, such as Hs, Ls, and TNs. Yen was born and raised in Texas before moving to Los Angeles. She is conversant in Mandarin Chinese. CATHARINE YEN Attorney at Law Schuchert, Krieger, Truong, Spagnola & Klausner LLP C atharine Yen manages the immigration department at Schuchert, Krieger, Truong, Spagnola & Klausner LLP. Yen focuses her practice on EB-5 investments and has represented clients from around the world in filing their I-526 petitions. She also provides advice on the preparation of investment offerings suitable for EB-5 funding, assists in 67 EB5 INVESTORS M AGAZINE WHAT DO YOU THINK THE FUTURE OF THE EB-5 INDUSTRY LOOKS LIKE? The current administration makes predicting the future of any area of immigration difficult, but I am optimistic that the EB-5 industry will continue to grow in popularity. Indisputable data shows the positive benefits of the EB-5 program: job creation, capital infusion into projects and project development in diverse industry sectors and geographic locations around the United States. that the program is being done correctly. Finally, any reforms should be implemented prospectively, to give investors, regional centers, and developers time to adjust to the changes. Congress should not apply any changes retroactively. WHAT TRENDS ARE YOU SEEING IN THE EB-5 INDUSTRY? S