L1 Visa - Company goes bankrupt

I

indiamumbai

New Member
Hi -

I currently have an valid L1 visa and am currently in the U.S. My company has been acquired by another company and based on my understanding the acquiring Company will have to apply an amended petition to complete the requisite formalities.

My question was regarding a complexity in the case. For easy reference, will refer to the following:
Indian Company (Company A)
U.S Company (Company B)
New U.S Company (Company C)

When I was transferred, there was an existing relationship between Company A and Company B based on which I received my L1 visa. However, the New Company C is only acquiring the U.S Company B - in a bankruptcy proceeding. Hence, when the amended petition is filed, the old relationship between Company A and Company B does not exist. Will the non-existence of this relationship (which allowed the original transfer) be a cause for concern while applying for the amended petition.

For reference, I already have the visa from the earlier petition.

Appreciate your help.

Thank you.
 
It is not the relationship between company A and company B that would matter in your case. My guess is that company A was a captive organization (overseas arm of a US office) of company B. If company C as part of acquiring company B has also agreed to acquire the captive arm, i.e., company A, that would be the key to solve your problem.
 
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