Hushmand Sohaili Quoted on Chinese Overseas Investment in Real Estate
Contact:
For its article “Chinese Firms Changing Tone On US Real Estate Investment,” Law360 quoted Akin Gump real estate partner Hushmand Sohaili on Chinese firms’ growing investments in U.S. commercial real estate.
The article states that the Chinese government has been tightening its control on overseas investment. Sohaili, whose practice focuses on, among other areas, real estate finance, noted, “It is becoming more and more difficult to get money out of China. I have a multimillion-dollar transaction where all parties want to do something, but the Chinese investor is not sure that he can get his money here, or at least get it here within a 30-day contingency period.”
© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.