The instinct to initiate legal proceedings as soon as a payment becomes overdue is widespread—and understandable. However, our experience spanning more than two decades in international debt recovery has consistently demonstrated that a structured and disciplined amicable collection process can often deliver faster, more cost-effective results while preserving valuable commercial relationships.

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The U.S. Office of Foreign Assets Control (OFAC) has issued a significant alert to foreign financial institutions regarding the heightened risk of secondary sanctions for transactions involving sanctioned Iranian banks.

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Our partner, Alper Kesriklioglu, represented the Antroya Debt Collection Law Office in Munich at the EOS Global Collection Workshop. We’re excited to bring back numerous insights and knowledge from the impactful presentations to implement and leverage within our company. A big thank you to all the partners who organized these invaluable sessions. We’re honored to be part of EOS as a Preferred Partner.

As we approach the critical H-1B lottery deadline for the fiscal year 2025, scheduled for an employment start date of October 1, 2024, it is necessary for employers to initiate comprehensive planning. The U.S. Citizenship and Immigration Services (USCIS) has opened up H-1B cap registration dates in January, and the registration process typically commences in March. Therefore, we strongly urge employers to assess and strategize their H-1B needs for the upcoming fiscal year.

Key Considerations and Actions:
Thorough Evaluation of H-1B Needs: Employers should review the immigration status of both current and potential foreign national employees, to identify individuals within the organization for whom obtaining H-1B status would be beneficial for your company.
Diverse Categories of Beneficiaries: Various categories of individuals benefit from H-1B status, including recent college graduates in F-1 optional training status, candidates subject to the annual H-1B cap, those nearing the limits of other nonimmigrant statuses (e.g., L-1B), and individuals currently on H-4 employment authorization document (EAD) seeking independence.
Understanding the Quota and Registration Process: USCIS is bound by a congressionally mandated quota of 65,000 cap-subject H-1B visas per fiscal year, with additional allocations for specific categories. The registration process involves a two-step approach, starting with electronic pre-registration. Employers must register electronically and pay a $10 nonrefundable fee for each H-1B registration.
Insight into the Selection Process: In case the number of registrations surpasses the cap, USCIS conducts a random selection process. Only registrations selected through this process are eligible for filing H-1B petitions.
Anticipated Changes and Proposed Enhancements: The U.S. Department of Homeland Security (DHS), via USCIS, has proposed rule changes aimed to improve the H-1B registration process. The proposed “Beneficiary-Centric Selection” is designed to prevent misuse and fraud by shifting from selecting by individual employer registration to selecting by unique beneficiary.
Filing Procedures and Premium Processing Services: USCIS has announced that online filing for I-129 H-1B petitions and H-1B I-907 Premium Processing Service will commence in February. Employers are advised to utilize “organizational accounts” for both FY 2025 H-1B cap registrations and routine H-1B extensions, amendments, and change of employer petitions.
Early Preparation for a Smooth Process: Early preparation allows for the collection and organization of data, ensuring readiness for the process. Antroya’s dedicated immigration team can assist you for your strategic planning and preparation.
For any inquiries or further information on the topics discussed in this communication, please do not hesitate to contact us at 212-240-3440 or antroya@antroya.com.

Commercial Law League of America (CLLA) recognized Antroya’s successful collection performance by entitling Antroya as the ”Bronze Champion” of the organization. As a proud member of CLLA, Antroya continues to amaze its fellows in the profession with its high quality services and collections.

Our company’s co-founder lawyer Duet Kesriklioglu and senior lawyer Emre Aslan, had the privilege to attend the FENCA Conference in Malta from October 11th to 13th. This conference represents the goals of the European credit management, debt collection, and debt purchasing sector at a European level.

As Antroya Debt Collection Law Office are delighted to have participated in this year’s TCM Group International World Congress 2023 in Paris. It was truly uplifting to be among all the partners, sharing insights and exchanging ideas on the International Debt Collection sector. We explored many international economic developments and discussed strategies for the year 2023. It was a fruitful and inspiring event, and we look forward to future collaborations with our fellow experts in the field.