Entry to the legal market is still protected but international firms have been entering the market through loose alliances and even exclusive tie-ups, prompting apprehension among domestic firms that fear Big Law may one day dominate the market.
May 21, 2024 at 05:30 PM
6 minute read
The Philippines has become a hot destination for foreign direct investment.
As the fastest-growing economy in Southeast Asia in 2023, boasting a growth rate of 5.6%, and having recently liberalized key infrastructure sectors, the country has attracted keen interest from global investors and their legal advisers, especially as growth is expected to continue through 2024.
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Manila, the capital of the Philippines. Credit: MilletStudio/Adobe Stock
