EU could punish misbehaving nations financially rather than with Article 7
Support is growing throughout the EU to use…
Tax dodge sanctioned by Isle of Man law
In 2004, the same lawyers who promoted a…
The case for a deposit return scheme
Only 57% of plastic bottles sold in the UK in…
Magna Carta and the historical features of Runnymede
“At Runnymede, at Runnymede, Oh, hear…
Royal Mail applies for injunction to prevent postal strike
The Royal Mail has confirmed that it will…
Rule of Law Index reveals investor risk
8th February 2012
A leading risk analysis firm have released the results of their yearly Rule of Law Index, which indicates that countries rich in oil and gas supplies are among the riskiest in which overseas companies can invest, in terms of the legal protection they offer.
Several of the 19 places categorised as ‘extreme risk’ have booming energy industries, including Burma, the official riskiest location. According to Maplecroft, who carried out the study, the Index takes into account the risks presented to business by the country’s internal regulation, as well as measuring its judicial independence and effectiveness.
One interesting finding revealed that, while China’s legal system was deemed extremely efficient, the country was one of the worst in the world when it came to judicial independence.
However, those in London legal jobs remain optimistic about their opportunities in such ‘high-risk’ locations, as separate research has shown that law firms are looking to become more involved with North African countries in particular.