Doing Business in Emerging Markets

This book is the only text devoted to the legal problems raised by foreign investment and business transactions in emerging markets. Its organization tracks the normal progress of a business relationship. The first chapter provides broad general background, while the second focuses on a foreign business's preliminary assessment of legal risks particularly relevant to emerging markets, namely corruption, sanctions compliance, and human rights abuses. It then takes the student through the establishment of a local presence, obtaining finance, the kinds of government licenses and other special legal regimes associated with extractive industries, and dispute resolution. A series of team-based negotiation exercises accompany each chapter. The new edition adds a new section on sanctions compliance, updates legal materials related to corruption, human rights and dispute resolution, and substantially revises the finance and government licensing chapter to reflect a shift away from Russia and toward other emerging markets.