• New Rules Govern the Impact of M&A Activity Upon H-1B "Specialized Worker" Visa Holders
  • July 1, 2003 | Author: Stephen M. Hader
  • Law Firm: Parker, Poe, Adams & Bernstein L.L.P. - Charlotte Office
  • One of the most frequently asked questions by companies involves the effect of M&A activity on their nonimmigrant employees, specifically those working in H-1B status. Until recently, the law was unclear and confusing as to when and under what conditions employers had to take action to preserve the visa status of those employees when a company was bought or sold, merged, or underwent a reorganization or restructuring. Recently, however, there have been two important changes to the law on how such corporate transactions affect H-1B employees.