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February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.1 MICPEL CLE Seminar The Nuts and Bolts of Immigration Practice Corporate Restructuring By:

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Presentation on theme: "February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.1 MICPEL CLE Seminar The Nuts and Bolts of Immigration Practice Corporate Restructuring By:"— Presentation transcript:

1 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.1 MICPEL CLE Seminar The Nuts and Bolts of Immigration Practice Corporate Restructuring By: Michael L. Kabik, Esq. © 2005 Immigration, Nationality & Consular Practice Group Shulman, Rogers, Gandal, Pordy & Ecker, P.A Rockville Pike, Suite 300, Rockville, Maryland U.S.A. Telephone: (301) Facsimile: (301) Web Site:

2 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.2 Corporate Restructuring Nonimmigrant Status Permanent Residence Sponsorship I-9 Compliance

3 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.3 Corporate Restructuring Changes in Corporate Structure Forward Mergers Reverse Mergers Acquisitions Consolidations Spin-Offs Contact Immigration Counsel BEFORE the Corporate Restructuring

4 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.4 Corporate Restructuring H-1B Visas Amended H-1B Petition is not required if New corporate entity succeeds to the interests and obligations of the original petitioning employer Terms and conditions of employment remain the same, except for the identity of the petitioner Specifically includes, but not limited to Mergers, Acquisitions, Consolidations

5 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.5 Corporate Restructuring H-1B Visas New LCA’s not required if documentation made to new entity’s Public Access File List of transferred H-1B workers List of affected LCA’s and dates of certification Description of new entity actual wage system New entity EIN Sworn statement from new entity re: LCA

6 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.6 Corporate Restructuring H-1B Visas Prior to the continued employment of the H-1B nonimmigrants Sworn statement from new entity assuming liabilities and obligations of existing LCA’s Including liability for any LCA violations of predecessor

7 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.7 Corporate Restructuring E-1 & E-2 Visas New E-1 or E-2 Petition required with change in ownership File at CIS or U.S. Embassy/Consulate Due to E-1/E-2 treaty trader/investor basis Analysis of corporate ownership structure is required to determine continuing E-1/E-2 qualification – Based on treaty country national ownership

8 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.8 Corporate Restructuring L-1 Requirements New L-1 Petition required with change in ownership Due to L-1 intracompany transferee basis Analysis of corporate ownership structure is required to determine continuing L-1 qualification – Based upon related foreign entity

9 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.9 Corporate Restructuring Immigrant Petitions Amended Immigrant Petitions required UNLESS Labor Certification/Immigrant Petition are “portable” – Application to Adjust Status filed & unadjudicated for 180+ days – New job is in the same or similar occupational classification

10 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.10 Corporate Restructuring I-9 Employment Eligibility Verification New entity liability for predecessor's I-9 violations Knowing hire Knowing continuing to hire Paperwork violation

11 February 11, 2005 Shulman, Rogers, Gandal, Pordy & Ecker, P.A.11 Legal Disclaimer Facts of individual cases differ The information provided herein is general in nature and should not be relied upon Consult with an experienced immigration attorney with regard to specific cases


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