In our last post we warned U.S. investors abroad about the BE-10 Benchmark Survey regarding such foreign investments, due May 29, 2015 (and for certain large filers, due June 30, 2015). The Department of Commerce Bureau of Economic Analysis (“BEA”) recently announced that it is extending the submission deadline for all first time filers to June 30, 2015. This development applies to filers with foreign subsidiaries and other affiliates who haven’t filed any BEA survey before for U.S. direct investment abroad. See this link for additional details.
Foster Garvey’s International practice group comprises a cross-disciplinary group of attorneys practicing in areas ranging from business transactions, immigration, maritime, government regulatory work, transportation and logistics and estate planning. The group members include bilingual and multicultural attorneys who are well-versed in handling these subject matters in a cross-border context. A number of attorneys have been actively practicing in the international arena since the early 1970s.