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.


Imprint: Foundation Press
Series: University Casebook Series
Publication Date: 08/18/2022

Richard N. Dean, University of Virginia School of Law

James W. Skelton, Jr., University of Houston Law Center

Paul B. Stephan, University of Virginia School of Law

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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.

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