Wolfsdorf Rosenthal LLP (WR) was recognized for contributions in the EB-5 Industry. Invest in the USA (IIUSA) honored WR with the 2018 – 2019 I-829 Approval Award at the 9th Annual EB-5 Industry Forum in Seattle, WA. The EB-5 Industry Forum is the year’s premier EB-5 conference focusing on education and business development on a global scale. IIUSA is the national membership-based 501(c)(6) not-for-profit industry trade association for the EB-5 Regional Center Program.
WR Partner Joseph Barnett was a featured panelist in the USCIS Policy & Actions: Living in a World of Adjudication Backlogs, RFEs & NOIDs session. The session provided insights on adjudication backlogs for EB-5 petitions and RFEs. The panel also analyzed current adjudication times for I-526, I-829 and I-924 petitions, exploring the reasons behind the backlog and increase in RFEs, and identified issues that project sponsors and investors need to be aware of as they submit new projects and await adjudication to avoid RFEs and further processing delays. Topics also spoke to the impact of new OMB regulations on the current backlog and USCIS’s policy for grandfathering existing petitions that have not yet been adjudicated.