L-1A Dismissed — Biotechnology (2007): did not establish a qualifying parent-subsidiary

Decision Summary

The appeal was dismissed because the petitioner failed to establish a qualifying parent-subsidiary relationship with the foreign entity. The director found that an unrelated third-party company furnished the consideration for the petitioner's stock, not the claimed foreign parent. The petitioner's explanation that this was done through an affiliated company to bypass Chinese currency regulations was deemed insufficient to prove ownership and control.

Criteria Discussed

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