Knowledge, experience, and expediency—the three words that describe member firm Alfaro-Abogados (Argentina). When it comes to foreign investment in Argentina, Alfaro-Abogados knows the importance of understanding political and #economic scenarios to anticipate changes in the legal framework and determine the impact of those changes on the business cycle. This is why their firm offers Political and Legal Risk Analysis services. It is part of their firm's culture to provide clients with insightful forecasts of the region's environment. This tool is key to investments or transactions in any country. Learn more about Alfaro-Abogados, how to successfully do business in Argentina, and what advantages and pitfalls you need to know about before doing business there.
Commercial, innovative, pragmatic—the three words that describe member firm Campbells (Cayman Islands). In this recent Q&A, Campbells shared how they participate in Corporate Social Responsibility programs: "We offer a staff dress-down day program, which encourages employees to donate any amount they wish monthly and select their top nonprofits to support... Campbells is also at the forefront of assisting young Caymanians to develop their careers in a law firm environment." Learn more about Campbells, how to successfully do business in the Cayman Islands, and what key opportunities are hot in the market right now (hint - FinTech and Blockchain).
Zhong Lun Law Firm
In a recent Q&A member firm Zhong Lun shared their best practices for doing business in China—"In China, Zhongyong, (Chinese: “Centre” and “Unchangeable” or “Doctrine of the Mean”) is a highly valued Confucian philosophical concept. In practice, zhongyong means countless things: moderation, rectitude, objectivity, sincerity, honesty, truthfulness, propriety, equilibrium, and lack of prejudice. In business dealings, Zhongyong requires partners to adopt a more balanced approach with regard to the details of certainty and the vagueness of trust. When foreign investors can appreciate and master the art of Zhongyong, they will be able to avoid unnecessary misunderstandings or even destruction of a good relationship, and thus enjoy a smoother collaboration with their Chinese partner." Learn more about Zhong Lun, how to successfully do business in China, and what advantages and pitfalls you need to know about before doing business there.
Philippi Prietocarrizosa Ferrero DU & Uría
Member firm Philippi Prietocarrizosa Ferrero DU & Uría shared valuable insights into the current business climate in Colombia—"There are several factors that impacted the economy of our country: the devastating effects of the pandemic and related prolonged business closures, the failed fiscal reform, and the impossibility of tackling the fiscal deficit as well as the loss of Colombia's investment grade. Nevertheless, the Government has taken important measures to support the economy and contain the effects of the pandemic and the social outbreak. Now, with the vaccination program progressing well and a new fiscal reform proposal that it seems will be approved quickly by the Congress of the Republic, the Government will most likely focus on the recovery of the economy and employment. We hope that the perception of stability and confidence will improve." Learn more.
Collaborative, practical, and client-oriented—the three words that describe member firm Pellerano Nadal (Dominican Republic). The firm’s primary industry focus is on mining and they are actively participating in actualizing the country’s mining law. Pellerano Nadal is also focusing on the aviation industry where they represent multiple airlines and participate in governmental meetings to assist the development of regulations to provide positive experiences to airlines and passengers. Learn more about Pellerano Nadal, how to successfully do business in the Dominican Republic, and what advantages and pitfalls you need to know about before doing business there.
Member firm Soulier Avocats shared valuable insight into the current business climate and economy in France—"As a result of the COVID-19 pandemic, France has just launched a national Recovery and Resilience Plan as part of NextGenerationEU, i.e., the European Union’s plan for emerging stronger from the COVID-19 crisis. France’s Recovery and Resilience Plan focuses on three key priorities – environment, competitiveness, and social and territorial cohesion – and includes large-scale investment projects in more environment-friendly production and consumption, such as the retrofitting of buildings and the development of green mobility and technology, as well as support for innovation in strategic sectors such as health and digital technology, including artificial intelligence." Learn more.
AZB & Partners
Member firm AZB & Partners shared some valuable insight into the current business climate in India—The Indian Government has undertaken several measures to strengthen the economy through a combination of short-term, medium-term, and long-term measures and as part of its recent budget has introduced programs to address various economy-related challenges by raising FDI limits across key sectors, launching the Production Linked Incentive (PLI) scheme that offers incentives on incremental sales for products manufactured in India and expanding the National Infrastructure Pipeline (NIP) project to attract investment in India.
When it comes to the business climate in India, member firm Vaish describes an economic upturn in this recent Q&A—"The business climate in India is currently the best it has ever been. India has had a stable government since 2014, which has steadfastly focused on improving the ease of doing business in India, which steps have propelled India to 63rd place amongst 190 countries in the World Bank’s Ease of Doing Business rankings of 2020 in contrast to India’s 142nd place in 2014. India has improved its rank in 7 out of 10 indicators and has moved closer to international best practices." Learn more about Vaish, how to successfully do business in India, and what advantages and pitfalls you need to know about before doing business there.
Makarim & Taira S.
Respectful, trustworthy, and inclusive—the three words that describe member firm Makarim & Taira (Indonesia). For the past few years, the firm has focused its CSR program on the community of young people with Down’s Syndrome and has been collaborating with Ikatan Syndroma Down Indonesia (ISDI) through various initiatives including an internship program, where the firm hires young people with Down’s Syndrome. Together, they have shown that when provided opportunities, these special people can contribute to and enrich the firm’s work environment. Learn more about Makarim & Taira, how to successfully do business in Indonesia, and what advantages and pitfalls you need to know about before doing business there.
Herzog Fox & Neeman
Member firm Herzog Fox & Neeman (Israel) shared new, exciting initiatives within their firm in a recent Q&A. The firm has two — Herzog Strategic, which offers strategic consulting in technology, innovation, and cybersecurity, and Cytactic, which provides cyber crisis management and readiness services.
Gianni & Origoni
Investing in Italy? Member firm Gianni & Origoni shared the top sectors for investment in the thriving Italian business climate—"Italy is currently the world’s eighth-largest economy, a member of the G7 group and a global leader in a range of industrial sectors including the textile, machinery, automotive, chemical, and pharmaceutical sectors. Strategically positioned within Europe and the Mediterranean region, Italy offers a wide range of opportunities for foreign investors, especially those interested in acquiring Italian technologies, brands, and distribution channels to secure a gateway to Europe." Learn more about Gianni & Origoni, how to successfully do business in Italy, and what advantages and pitfalls to be aware of.
What are the top investment sectors in Japan right now? Member firmCity-Yuwa Partners shared their insights—the top sectors for investment in Japan are quite diverse, ranging from transport machinery and its parts, electronics, foods, chemicals, healthcare, energy, real estate, and aviation, all the way to shipping and transport. Learn more about City-Yuwa Partners, how to successfully do business in Japan, and what advantages and pitfalls you need to know about before doing business there.
Arendt & Medernach
Arendt & Medernach talked about doing business in Luxembourg, local culture, CSR initiatives, and the firm’s workplace environment. Three words used to describe the firm’s culture are entrepreneurial, diverse, and inclusive. In Luxembourg, punctuality is valued and lateness is considered rude. Politeness and respect for hierarchy are appreciated and are key to successful business dealings. The country is known for multilingualism, a prominent feature of the economy which has enabled it to grow over the decades. Learn more about Arendt & Medernach, how to successfully do business in Luxembourg, and what key opportunities are hot in the market right now.
We invited member firms to complete a short Q&A to help WLG colleagues and others learn more about them. Gross Brown talks about doing business in Paraguay, local culture, CSR initiatives, and the firm’s workplace environment. Three words used to describe the firm’s culture are leadership, innovation, and versatility. Learn more about Gross Brown, how to successfully do business in Paraguay, and what key opportunities are hot in the market right now.
Member firm Cuatrecasas shared their insights on the current business climate in Spain, inbound and outbound investment trends, and the prime investment opportunities —"The economy will improve, with high growth rates starting in the second quarter of 2022, aided by an international environment with ambitious demand policies and the influx of European funds and advances in the vaccination process throughout Spain."
Investing or doing business in Taiwan? Member firm Formosa Transnational (Taiwan) explains the potential opportunities for WLG members in Business Development—”Due to the important role Taiwan plays in the semiconductor industry's global supply chains, along with the steady progress being made in Taiwan's renewable energy industry and the increases in IP investment, these sectors are all expected to create opportunities for other WLG member firms.” Learn more about Formosa Transnational, how to successfully do business in Taiwan, and what advantages and pitfalls to be aware of.
Chandler MHM Limited
Did you know? Traditionally, Japan has been one of the top investors in Thailand, particularly in the manufacturing sector. Due to the increase of e-commerce, there has been more interest in investment in logistics and warehousing. Learn more about doing business in Thailand, opportunities for foreign investment, and member firm Chandler MHM’s CSR initiatives, work environment, and culture.
Hergüner Bilgen Özeke
Member firm Hergüner Bilgen Özeke is committed to the further development of corporate governance and ethical business practices in Turkey. "Our firm assumes a pioneering role in the sector and our partners act voluntarily on the management of various governance associations in addition to having established some of them. These organizations include the Corporate Governance Association of Turkey (TKYD), the Ethics and Reputation Society (TEİD), and the Association of the Center of Ethical Values (EDMER). Our partners also assist with corporate governance initiatives in a number of industry associations including the Turkey Real Estate Foundation (GYODER) and the Center for Strategic Thinking in Real Estate (GİSP)."
Locke Lord LLP
Member firm Locke Lord LLP shared their insights on the current US business climate, inbound and outbound investment trends, and the prime investment opportunities in Massachusetts in a recent Q&A—Massachusetts' wealth of medical schools and prestigious higher education institutions have formed the basis of a thriving biotech ecosystem, which continues to attract foreign investment. The biotechnology sector is on target to grow exponentially by 2024.
Greenberg Traurig LLP
Member firm Greenberg Traurig (Florida - U.S.A.) shared new, exciting initiatives within their firm in a recent Q&A. Over the past decade, but with tremendous acceleration since the start of the COVID-19 pandemic, traditionally New York-based clients, including major private equity firms, have been moving their operations to South Florida. At the same time, Miami has grown as a center for technology-focused investment, with a number of high-profile venture firms from California and New York moving to South Florida. As a result, their corporate and transaction practices have grown, as have their venture capital engagements and fund formation practices.
Hunton Andrews Kurth LLP
Member firm Hunton Andrews Kurth shared how the firm participates in Corporate Social Responsibility initiatives—The firm is extremely proud of its award-winning pro bono program, which boasts an extraordinarily high percentage of lawyer participation firmwide, as well as our well-established ever-expanding culture of diversity and inclusion. Additionally, Hunton Andrews Kurth actively promotes environmental sustainability policies. The firm has a Green Committee and local Green Ambassadors in each of our offices, charged with proactively identifying potential operational improvements.