Doing Business In... 2019

The Doing Business In guide provides expert legal commentary on key issues for businesses with international interests. The guide covers the important developments in the most significant jurisdictions.

Last Updated: July 15, 2019


Authors



McDermott Will & Emery is a premier international law firm with a diversified business practice. With more than 20 locations on three continents, the team works seamlessly across practices, industries and geographies to deliver highly effective – and often unexpected – solutions that propel success. More than 1,100 lawyers strong, the firm brings its personal passion and legal prowess to bear in every matter for its clients and the people they serve. Its expertise extends through antitrust and competition, corporate and transactions, employee benefits, employment, global privacy and cybersecurity, intellectual property, litigation and dispute resolution, private client and wealth management, regulatory, tax and white-collar matters. The firm views transactions not as one-off events but rather as critical steps in a comprehensive, long-term strategy. Its lawyers work to understand clients’ objectives and how they fit into an overall plan, helping them to make effective decisions that bring immediate results and set the stage for future value creation.


With the first edition of this 'Doing Business In…' guide, we intend to provide an overview of the legal framework to do business in a number of the most important business and financial centres in the world.

We believe this guide is of particular relevance in today’s international environment, in which multiple conflicting trends raise increasingly complex legal challenges.

On the one hand, powerful forces are placing increased constraints on international trade and investments. A significant surge in new tariffs and trade restriction measures is underway and led the World Trade Organization to issue a warning about the rise of protectionism at the end of 2018. In parallel, countries throughout Europe, North America and Asia are enacting or reinforcing national regulations to control – and sometimes block – foreign investments.

On the other hand, the global economy is increasingly integrating. Innovation, digitalisation and increased connectivity create cross-border opportunities and drive global business. People, companies and markets are inter-connected as never before and this is unlikely to change in the near future. The growth of emerging countries in Africa, Asia and Latin America also fuels trade and M&A activity on a global basis.

As a result, virtually all countries are facing to one degree or another the necessity of adapting their legal framework to deal with issues such as tax evasion, the protection of national security in the context of M&A transactions, the adaptation of labour laws and regulations to the new economy, the protection of personal data or the protection of intellectual property. Throughout the world, new laws and regulations are regularly adopted as a response to these challenges, creating a constantly-changing legal environment. 

We hope this guide will serve as a reference for lawyers and investors looking to understand the basic principles guiding the legal system of the contemplated jurisdictions. Because the experts for each jurisdictions have followed a common template, readers can easily compare the rules applicable in each jurisdiction.

I would like to thank all the participating contributors for their efforts in creating this new addition to the Chambers Global Practice Guides series, which will be updated on an annual basis.

Authors



McDermott Will & Emery is a premier international law firm with a diversified business practice. With more than 20 locations on three continents, the team works seamlessly across practices, industries and geographies to deliver highly effective – and often unexpected – solutions that propel success. More than 1,100 lawyers strong, the firm brings its personal passion and legal prowess to bear in every matter for its clients and the people they serve. Its expertise extends through antitrust and competition, corporate and transactions, employee benefits, employment, global privacy and cybersecurity, intellectual property, litigation and dispute resolution, private client and wealth management, regulatory, tax and white-collar matters. The firm views transactions not as one-off events but rather as critical steps in a comprehensive, long-term strategy. Its lawyers work to understand clients’ objectives and how they fit into an overall plan, helping them to make effective decisions that bring immediate results and set the stage for future value creation.