Phnom Penh, Cambodia – July 15. 2012
Although Cambodia is one of the fastest growing economies in Asia, foreign investments remain moderate – so far. Clearly, one of the reasons is the unfamiliar legal culture. Many laws are still in the process of clearance and authorization and as a result are only available in Khmer language. Another hindrance is the perceived ambiguous progression of legal matters by individual officials, especially on the lower and medium levels. Admittedly, this is in compliance with traditions in many countries all over the developing world and serious investors as a rule guarantee themselves proper legal advice and representation. Still though, newcomers and Western business people in particular noticeably struggle in search of a trustworthy patron.
The Phnom Penh based Law Firm Cambodia is aware of the situation and addresses the problem with a decidedly international team. The company employs several legal advisers with European background, who are able to communicate in English, French and German.
The team recommends a custom made legal advice strategy. That includes a series of consulting sessions and/or memoranda dealing with the very nature of Cambodia’s legal culture. Law firm Cambodia has established a reasonable working relationship with the respective departments, namely the Interior Department and the Department of Justice. This co-operation ensures proper updates of regular alterations of economic decrees and guidelines (PRAKAS).
About Law Firm Cambodia
Located in Phnom Penh, St. 13, No. 58
+855 (0) 68 990 000
Real Estate, property and construction, advising major non Cambodian investors on:
Property and lease purchases of Cambodian property; Land acquisition in relation to residential development sites;
Development of building and housing projects; proposed office premises; Construction contracts
Maxwell Law Firm develops continuously close relationships with law firms in additional jurisdictions to provide legal; advice and services to Cambodian Companies and individuals who are seeking to conduct business in other countries.
Financial and banking:
Advising on purchase of securities firms; Advising regarding to securities legislation;