Qualified Opportunity Zones and Select Partnership Issues by Libin Zhang, Esq. The 2017 tax act (Pub. L. No. 115-97) created the new concept of qualified opportunity zones (QOZ), which are low-income census tracts in which certain investments are provided tax benefits. On October 19, 2018, the Treasury Department and the Internal Revenue Service released the
DECEMBER 9, 2018 BY BRUCE ZAGARIS On December 1, 2018, Canada arrested Meng Wanzhou, Huawei’s global chief financial officer, on a U.S. extradition warrant to answer fraud charges in the U.S. District Court for the Eastern District of New York.[1]During a bail hearing on December 7, 2018, John Gibb-Carsley, a lawyer with the Canadian federal
On November 30, 2018, the Department of Homeland Security (DHS) announced a Notice of Proposed Rulemaking (hereinafter the “Proposed Rule”) that would require petitioners seeking to file H-1B cap-subject petitions to first electronically register with U.S. Citizenship and Immigration Services (USCIS) during a designated registration period. Under the proposed rule, USCIS would also reverse the
By Perry Bechky and Amiad Kushner* On April 17, 2019, the Trump Administration opened the floodgates to lawsuits against parties “trafficking” in expropriated Cuban property, lifting a suspension of such lawsuits that had been in effect since 1996. It is anticipated that many lawsuits will be filed under the federal law permitting such lawsuits, known
In an extraordinary and well-reasoned decision, on May 6, 2019, a New York court vacated an arbitral award issued by the International Centre For Dispute Resolution based upon fraud. The decision is a significant victory for Dai & Associates client Sorghum Investment Holdings Limited (“Sorghum”), which filed a petition to vacate the award. Sorghum’s petition
By Bruce Zagaris[1] On April 30, 2019, the U.S. District Court for the District of Columbia unsealed an opinion issued on March 18, 2019, by Chief Judge Beryl A. Howell enforcing grand jury subpoenas and an administrative subpoena against three Chinese banks for records of transactions for a now-defunct Hong Kong based front company for