Is any provision made for continuity of H-1B validity in corporate restructuring situations?
Yes.> A separate measure, the Visa Waiver Permanent Program Act, included a provision that an amended H-1B petition is not required where a new corporate entity succeeds to the interests and obligations of the original employer, and where the terms and conditions of employment remain the same. [Update to original post follows.] Note that, as of this writing, the President has not yet signed this measure, but he is expected to do so.
Related Questions
- Is any provision made for continuity of H-lB status in corporate restructuring situations without filing a new H-lB petition?
- Are there special rules applicable for public takeover bids or for corporate restructuring under bankruptcy procedures?
- How does the asset resolution strategy of ARC differ from that under the Corporate debt restructuring mechanism?
