On January 6, 2002, the Argentine Congress passed Law 25,561 (the “Law”) that revoked the convertibility regime that established the currency board system. The old Convertibility Law maintained a fixed exchange rate of 1:1 between the peso and the US dollar. In addition, on January 10, 2002, the President issued Decree 71/2002, which outlined the types of debts to be converted from US Dollars to Pesos at 1 to 1 exchange rate ...
INS FILING FEE INCREASE: INS fee increases are effective February 19, 2002. The new INS fee for Form I-129 Petition for Nonimmigrant Workers (H-1B; L-1A; L-1B; and TN) is $130.00, an increase of twenty dollars, and for Form I-539 Application to Extend/Change Nonimmigrant Status (H-4; L-2; and TD), the new fee is $140.00. The new fee for Form I-140 Immigrant Petition for Alien Worker is $135 ...
Introduction 1. Background of the Foreign Investment Law and Regulations. Consistent with NAFTA, Mexico enacted a Foreign Investment Law (FIL), effective March 20, 1998, which abolishes restrictions of foreign investment in most areas. The Regulations of the FIL, effective on September, 1998, were also enacted to provide legal certainty to foreign investors. 2. General Rule: 100% of Foreign Investment Participation ...
Department of State American Citizen Services: ∙ DOS issued a Worldwide Caution on March 17 stating that the attack on worshippers at the Protestant International Church in Islamabad underlines the growing possibility that as security is increased at official U.S. facilities, terrorists and their sympathizers will seek softer targets. ∙ DOS American Citizen Services will soon begin issuing U.S. passports with new security features to those U.S ...
4th Edition of the Haynes and Boone, Employment Law Desk Reference Guide Chapter Summary The employment of foreign nationals will require a company to follow the rules and regulations of several federal agencies, including the Immigration and Naturalization Service, Department of Labor and Department of State. Employers should be versed in U.S ...
Introduction A. Changes Since September 11. The events of September 11 have brought about an unprecedented surge of change in laws and regulations related to international trade and other aspects of global business. Companies would be well-advised to update and upgrade their trade compliance, internal monitoring and management systems to accommodate the changes that have already occurred and those yet to come. The U.S ...
Department of State: ∙ DOS issued public announcements for Peru, Nepal, and the Philippines alerting U.S. citizens to the general security environment, the continued potential for violence, and the possibility of terrorist activity directed at American interests in the regions. ∙ DOS issued a travel warning for Israel, the West Bank, and Gaza due to deteriorating security situations ...
Department of State: * DOS Visa Revalidation Unit is rejecting cases subject to the 30-day “Condor” security check. Certain responses on the supplemental visa application Form DS-157 trigger the 30-day “Condor” security check. Applicants receiving rejections for this reason must apply for the visa outside of the U.S. and will be subject to the 30-day “Condor” security check. Due to security issues, the DOS cannot divulge the basis for “Condor” triggering responses ...
In the Fall of 2000, the U.S. Court of Appeals for the Federal Circuit (the “Federal Circuit”) issued a decision known to patent attorneys as “Festo.” Critics argued that Festo retroactively and severely restricted a patent holder’s rights, while proponents argued that the decision created more certainty when trying to decide whether a patent was infringed, thus significantly reducing the cost of patent litigation ...
North Texas Global Telecommunications Society Fourth Annual Latin American Telecommunications Conference A Powerpoint presentation covering the following: Overview Chronology No General Rules (Reglamento) Issued, Only Rules for Specific Services Sector Statistics Recent Legal Developments E-Mexico Basics of Regulatory System Comparison of Current Mexican Telecommunications Law with Draft Bill Concessions Same Basic Regulation in Current Law and Draft
Department of State: * DOS indicated it plans to end the visa and passport exemptions for Commonwealth Citizens residing in Canada. Currently, citizens of British Commonwealth countries are not required to obtain nonimmigrant visas to enter the United States and do not need passports if they enter the U.S. from a Western Hemisphere country. New regulations would end the current visa and passport exemptions for these individuals ...
Department of State: * Nationals of the twenty-six countries subject to additional DOS consular scrutiny are experiencing lengthy delays in the processing of nonimmigrant visa applications. For example, the U.S. Consulate in Paris is unable to specify how long its additional administrative processing will take for these cases, and the previously indicated time frame of 30 days is no longer applicable ...
Every company with operations or sales overseas should carefully consider whether it has effective policies and procedures in place that adequately manage the company’s risks under the Foreign Corrupt Practices Act (“FCPA”). Recently, The Wall Street Journal reported that Enron Corp. is the target of a new U.S. Department of Justice criminal investigation involving allegations of FCPA violations ...
Department of State: * DOS has released the instructions for the 2004 diversity immigrant visa program. The congressionally mandated program is a lottery for 50,000 permanent residence visas. Applicants must meet strict eligibility criteria. Instructions have been issued by the DOS at www.travel.state.gov/DV2004.html * Jordanians are now eligible for E treaty trader/treaty investor visas upon the basis of reciprocity secured by the United States-Jordan Free Trade Area Implementation Act ...
Department of State: * DOS issued a Worldwide Caution on September 9, 2002 advising of the continuing threat of terrorist actions, which may target civilians and include suicide operations. DOS also indicates terrorist groups may seek softer targets including foreign facilities where American citizens are generally known to congregate or visit, such as clubs, restaurants, places of worship, schools or outdoor recreation events ...
The Entrepreneurship Institute President's Forum This term sheet provides an example of a typical "Angel" round investment in preferred stock. It is not intended as specific legal advice or a final legal document and is provided for general educational purposes only ...
Department of State: * U.S. Consulate Ciudad Juarez, Mexico will no longer process Third Country National visa applications as of November 1, 2002. Only residents of the consular district and Third Country Nationals with FM2/3 visas will be allowed to apply. * DOS non-immigrant visa application fee will increase to $100.00 effective November 1, 2002 ...
Homeland Security Act of 2002: * On November 25, 2002, President Bush signed the “Homeland Security Act of 2002” into law, which establishes the Department of Homeland Security and includes provisions which may significantly alter the visa issuance process at U.S. Consulate/Embassy posts and adjudication of INS petitions. We will continue to provide updates as information becomes available. Department of State: * DOS issued a Worldwide Caution on November 20 reminding the country that U.S ...
"This [provision of the Sarbanes Oxley Act] is about making sure those lawyers. . . don’t violate the law and, in fact, more importantly, ensure that the law is being followed." -- Senator John Edwards, July 10, 2002 On November 21, 2002, the SEC proposed a new Rule 205 entitled “Standards of Professional Conduct for Attorneys Appearing and Practicing Before the Commission in the Representation of an Issuer” (the “Standards”) ...
Department of Justice/Immigration and Naturalization Service: * DOJ is implementing the National Security Entry-Exit Registration System (NSEERS) to enable the government to track the approximately 35 million non-immigrants who enter the U.S. each year. As part of NSEERS, certain non-immigrants will continue to register at a port-of-entry upon admission to the U.S. Other non-immigrants who were admitted to the U.S ...
SEC Adopts New Rules Governing Disclosure of Non-GAAP Financial Measures and Amendments to Form 8-K Relating to Earnings Releases and Other Financial Disclosures
Department of Justice/Immigration and Naturalization Service: * INS has temporarily lowered its filing fees for certain petitions/applications. The fee change is due to a provision of the Homeland Security Act of 2002 requiring the elimination of a surcharge the INS previously attached in order to fund asylum and refugee services, fee exemptions and fee waivers ...
We have identified various venture capital deal terms which have become more onerous as a result of the current state of the venture capital and technology industry. Understanding the impact of those terms is important to angels in structuring their initial investment as well as situations where they have made an investment and then solicit subsequent professional venture capital funding for the portfolio company ...
Department of Justice/Immigration and Naturalization Service: * DOJ’s Immigration and Naturalization Service becomes part of the Department of Homeland Security (DHS) on March 1, 2003. Within the DHS, the Bureau for Citizenship & Immigration Services (BCIS) will handle the immigration benefits function, including employment-based nonimmigrant and immigrant petitions and applications for adjustment of status. The new Director of the BCIS is Eduardo Aguirre ...
Department of Homeland Security/Bureau of Citizenship and Immigration Service: * Immigration benefits previously provided by the Department of Justice’s Immigration and Naturalization Service (INS) are now the responsibility of the Department of Homeland Security’s Bureau of Citizenship and Immigration Service (BCIS). All familiar customer services are to remain in place ...
