News - REID & WISE LLC

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Matthew Sava Invited To Speak At EB-5 Seminar

2017-05-17

Matthew Sava made a presentation on EB-5 litigation issues at a seminar entitled, "The EB-5 Program Reform: What Your Firm Should Be Aware of In 2017," on May 17, 2017. For his presentation, Matthew reviewed the types of claims frequently encountered in EB-5 lawsuits, reviewed SEC enforcement trends, and provided practical guidance on the steps to take to mitigate litigation risks. Matthew was joined on the panel by other leading EB-5 practitioners.

Reid and Wise LLC has been ranked in New York Chambers Spotlight 2025 Guide

2024-11-27

Reid and Wise LLC has been ranked in New York Chambers Spotlight 2025 Guide and recognized as a top boutique firm handling high-quality work. Reid and Wise LLC evidenced significant expertise, calibre of talent and experience serving a range of clients in the market. Chambers is the most authoritative ranking in the global legal industry and is highly prestigious. Published by the globally renowned Chambers and Partners, this guide conducts rigorous independent research and gathers industry feedback to provide a comprehensive evaluation of the service quality, professional expertise, and client satisfaction of top law firms and lawyers worldwide. Therefore, being featured on the Chambers Spotlight list is a significant honor for law firms and lawyers, often regarded as a benchmark of industry recognition. The Chambers Spotlight rankings were awarded to select firms in the state. These ranked firms were recognized for their strengths in key practice areas vital to New York’s businesses and residents. Reid and Wise LLC stood out for its exceptional work and is recognized in Litigation: General Commercial, and immigration. Shiyong Ye, expressed the firm's gratitude: “Reid and Wise is honored to be recognized by Chambers and Partners in their Spotlight Ranking. This acknowledgment underscores our dedication to fostering the corporate and individual success of our clients through top-tier legal services tailored to their unique needs and the complex challenges they face.” This recognition underscores Reid and Wise LLC’s position as a key player in New York’s legal landscape, offering clients throughout the state access to high-quality legal representation that combines big-city expertise with local specialized support. The city’s diversified business community is reflected in the New York Chambers Spotlight 2025 Guide ranked across 24 distinct practice areas.

Two Reid & Wise Attorneys Recognized as Super Lawyers for Three Consecutive Years

2024-11-26

Super Lawyers has recognized two Reid & Wise attorneys, Shiyong Ye and Matthew Sava, as New York Metro Super Lawyers from 2022 to 2024, marking three consecutive years of recognition for their exceptional achievements in investment-related litigation and dispute resolution. Shiyong Ye is the managing member of Reid & Wise. He has represented financial institutions, multinational corporations, and high-end individuals in litigations, arbitrations, and dispute resolutions involving over 2 billion dollars of investments. Mr. Ye has advised a range of Chinese corporate and individual clients on their business in the US. His clients include public companies, manufacturers, supplies, funds, and trading companies. Matthew Sava heads up the Firm’s Litigation Department, where he specializes in complex commercial disputes, EB-5 investment disputes, securities litigation, cross-border disputes, class actions, and international arbitrations. Matthew started his career as a litigation attorney with Skadden, Arps, Slate, Meagher & Flom LLP, after having served as a research assistant to Professor David Siegel, author of New York Practice, and a senior law clerk to Judge Carmen Ciparick of New York’s high court, the New York State Court of Appeals. Mr. Sava has been nominated as Best Litigator by EB-5 Investors Magazine. He has obtained judgements, court orders, and settlements awarding more than $100 million for hundreds of EB-5 investors. Super Lawyers, part of Thomson Reuters, is a research-driven, peer influenced rating service of outstanding lawyers who have attained a high degree of peer recognition and professional achievement. Each year, Super Lawyers recognizes the top 5% lawyers in the New York metro area as selected through peer nomination and independent evaluation by a “Blue Ribbon Panel”.

Reid& Wise Head of Corporate and Fund Formation Karen (Zhenkun) Liu Author Article for American Bar Association

2024-06-20

Karen (Zhenkun) Liu, Head of Corporate and Fund Formation at Reid & Wise, authored an article published at American Bar Association entitled, “What Investment Advisers Can Learn from the 2024 Marketing Rule Risk Alert.” The article reviews a Risk Alert newly issued on April 17, 2024 by the SEC's Division of Examinations sharing the staff's initial observations from their real-life examinations of investment advisers' compliance with amended Rule 206(4)-1 under the Investment Advisers Act of 1940. The observations focus on advisers' compliance with Marketing Rule–related aspects of Advisers Act Rule 206(4), Advisers Act Rule 204-2, and the Marketing Rule's “General Prohibitions,” as well as accurate disclosure of their Marketing Rule compliance in Form ADV. Karen shed light on the itemized illustrations provided by the observation to investment advisers, which can help them understand how to better comply with the Advisers Act's antifraud rules in their day-to-day advertising practices. Click here to read the full article.

Reid & Wise Achieves Groundbreaking Milestone For EB-5 Investors: First-Ever I-526E Approval under EB-5 Reserved Category

2023-08-02

BREAKING NEWS, United States Citizenship and Immigration Services (USCIS) has approved its first-ever Form I-526E for a rural EB-5 project investor under the EB-5 Reform and Integrity Act of 2022 (the “2022 RIA”). “Sophie” Yuxia Zhang, Esq from Reid & Wise served as the EB-5 investor’s immigration counsel. This momentous achievement not only highlights Reid & Wise's exceptional legal representation of EB-5 investors but also underscores the advantages of investing in reserved EB-5 projects, including expedited processing and set-aside visas. As one of the earliest I-526E petitions filed under the rural EB-5 project within the 2022 RIA, the current EB-5 I-526E petition was submitted on August 25, 2022. In less than 11 months, on July 18, 2023, the I-526E petition received approval without any Request for Evidence (RFE). In the past, the adjudication process for EB-5 I-526 petitions had been notoriously protracted, with USCIS processing times averaging around 56.5 months for 80% of cases. However, this unprecedented approval of the I-526E petition in just 11 months highlights the unparalleled opportunity for both EB-5 investors and projects to benefit from priority processing, particularly in rural projects. Reid & Wise has built a stellar reputation for successfully representing EB-5 investors in immigration matters and was instrumental in assisting these investors in demonstrating the source of their funds in I-526E petitions. Since the enactment of the 2022 RIA, Reid & Wise has been a staunch advocate for dozens of EB-5 investors in reserved EB-5 projects. This historic approval of the first-ever I-526E petition solidifies Reid & Wise's position at the forefront of the EB-5 bar. Reid & Wise LLC, Chair of Immigration Department: “Sophie” Yuxia Zhang, Esq. yxzhang@reidwise.com

Matthew Sava Addresses Enforcement of Foreign Judgments and Awards At World Litigation Forum

2019-07-05

Matthew Sava, head of litigation at Reid & Wise LLC, was invited to speak at the 9th World Litigation Forum, held in Amsterdam on July 2, 2019. For his prepared remarks, Matthew discussed the international enforcement of court judgments and arbitration awards, reviewing the principal instruments governing each system and their relative advantages and disadvantages. Matthew surveyed different approaches across the globe, with particular emphasis on the enforcement regimes in the United States and China. Matthew served on a panel with lawyers from Italy, Switzerland and the Cayman Islands, leading to a lively and informative debate. The World Litigation Forum is attended by litigation experts from around the world and provides a forum for leading practitioners to exchange ideas and to shape the global litigation discourse.

Matthew Sava Invited to Speak at the 11th Annual IIUSA EB-5 Advocacy Conference in Washington, D.C.

2018-04-24

Matthew Sava was invited to discuss the state of EB-5 investment litigation at the 11th Annual IIUSA EB-5 Advocacy Conference on April 23, 2018 in Washington, D.C. Joining with other leading EB-5 practitioners on the panel, Matthew discussed the comprehensive approach to resolve EB-5 Investment-related disputes, stressed the importance of the roles of the regional centers and managers of EB-5 projects to keep the process of redeployment of EB-5 investment funds transparent, and discussed ways that investors may exercise their voting right and take activist actions to protect their limited partnership interest while their immigration petitions are pending for approval. Lawyers, bankers, fund managers, and EB-5 regional centers from the U.S. and abroad attended this three-day-conference to discuss and learn about the latest trends in the EB-5 Investment and Immigration industry.

Reid & Wise Wins Federal-Court Trial

2017-08-24

After a hard-fought, three-year court case, Reid & Wise prevailed in a trial in the United States District Court for the Eastern District of New York and helped the client retain her ownership interest in a property valued at more than $5 million. The case involved a dispute over the ownership of property. The plaintiff claimed that Reid & Wise’s client was not the true owner of the property and brought this lawsuit against the client to try to deprive the client's ownership interest in this property. After a 3-day trial, the Court read its decision into the record, rejecting all of the plaintiffs’ claims and ruling in favor of our client. The Reid & Wise trial team consisted of Matthew Sava and Han Liang.

Reid & Wise Partner Shiyong R Ye Joined Celebration at New York City Mayor's Mansion

2017-05-11

On Monday evening May 10, 2017, Reid & Wise’s partner Shiyong R. Ye was invited by Bill De Blasio, Mayer of the City of New York, and Chirlane McCray, First Lady of the City of New York, to join the celebration of the Asian Pacific American Heritage month at Gracie Mansion, the Mayer’s residence along the East River. Mr. Ye has been invited to the Mayer’s mansion multiple times as one of the representatives of Asians in America. The reception party was joined by leaders in Asian-Pacific community in New York in celebrating the impact and the influence of Asian-Pacific American community.