Rimon Partner Debbie Klis Named Top 15 Corporate Attorney by EB5 Investors Magazine
News Debbie A. Klis · May 12, 2021
Rimon Corporate Partner, Debbie Klis, has been named a Top 15 Corporate Attorney by EB5 Investors Magazine.
To be eligible for the award, distinguished attorneys needed to primarily draft offering documents for EB-5 financing.
Award recipients were asked to share thoughts on trends in the EB-5 industry and on the issue of redeployment.
On trends in the EB-5 Industry, Debbie said:
“After the legal uncertainties with the EB-5 program stifled investment in 2019 and the pandemic caused a standstill to the EB-5 program in 2020, 2021 is shaping up to be a year of EB-5 industry resurrection, even if it is modest. Already, we are seeing interest in China and India in 2021, perhaps fueled by perceived decreases to the backlog as well as the energy created by the proposed EB-5 Reform and Integrity Act. The EB-5 program has faced uncertainty since 2015 so the prospect of a five-year renewal through 2026 and greater transparency and reliability may turn this important program around.”
On the issue of redeployment, Debbie said:
“We have guided clients to redeploy EB-5 capital using available USCIS formal and informal policy, and sound corporate and securities law principles. In the absence of guidance otherwise, we assumed that redeployment was permitted anywhere in the U.S. and it could occur through the NCE or the JCE. USCIS July 2020 Policy Alert was disruptive indeed. Retroactive application of clarifying guidance is usually problematic when it veers from previous pronouncements. The 12-month redeployment window was more generous, but we would have preferred liberties to redeploy, following sufficient creation, in any sound real estate project that maintains risk despite the location and how it was structured.”
Debbie Klis represents private investment funds, investment advisers, SPACs and issuers in connection with public and private securities offerings, fund structuring, advertising, private placement procedures, compliance policies and procedures, side letters, placement contracts, related agreements and issues. Debbie’s experience includes private equity funds, venture capital funds complex partnership reorganizations, domestic and offshore hedge funds, Opportunity Zone Funds, real estate investment funds and trusts, EB-5 funds, and large master-feeder structures. Debbie has extensive experience with private securities offerings and financial products, including through crowdfunding, domestic and international joint ventures, global equity offerings, where she represents placement agents, issuers, broker-dealers, public and private companies, investment banks, financial institutions, private funds, and investment advisers. Read more here.