Brief perspective of a Brazilian lawyeer working in Singapore
Unsurprisingly, the phenomenon of globalization has not only resulted in a number of significant changes in the social, economic and political spheres around the world, but also has directly influenced business and legal environments worldwide.
In the last decades, globalization has forced law firms to be prepared to advise international clients dealing with crossborder transactions that often involve parties belonging to numerous different jurisdictions. This has directly contributed to law firms becoming more global and also led to the emergence of new actors in the legal industry and new business practices, such as international arbitration courts and an increased use of arbitration as a mechanism for dispute resolution between players from different jurisdictions. Those facts have then enabled individuals and private and public entities from diverse jurisdictions, which are often subject to different legal systems, i.e. Common Law and Civil Law, to transact with each other (...)
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