The US EB-5 industry is currently witnessing an unprecedented rift, ignited by the ongoing lawsuit: Invest in the USA v. United States Department of Homeland Security, presided over by Federal Judge Ana C. Reyes. This litigation, filed by IIUSA—the industry’s foremost trade association representing regional centers and EB-5 Lawyers and other service providers—has stirred considerable tensions, revealing significant fractures among stakeholders within the EB-5 ecosystem.
This controversial legal battle has left investors, developers, and service providers on edge. The potential ramifications of the suit have brought back horror stories of the “old days,” where an investor could be waiting over ten years before getting repaid. All due to the complex relationship between capital redeployment, and sustainment of investment. But what is capital redeployment, and why is it at the center of this controversial legal battle? In addition, why bring the lawsuit in the first place? What could possibly be gained? Find out in the latest episode of Global Investment Voice!
“The judge has given IIUSA 30 days to come up with a settlement. Not just IIUSA, IIUSA and the government, 30 days to come up with a settlement. If they don’t, could we go back to the old days?” – Mona
For more on the IIUSA lawsuit, please also check out our recent blog post: A Divisive Storm Brewing Over IIUSA EB-5 Lawsuit.
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