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 Myanmar 'world's worst legal system' for business

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Myanmar 'world's worst legal system' for business Vide
PostSubject: Myanmar 'world's worst legal system' for business    Myanmar 'world's worst legal system' for business Icon_minitimeWed Feb 08, 2012 3:30 am
Myanmar has the world's worst legal system for doing business, retaining a position it has held for the last five years despite recent reforms, according to a report released on Wednesday.

It remains 'the country offering the least legal protection for foreign companies', said British risk analysis group Maplecroft, in a warning to investors attracted by the prospect of Western sanctions being lifted.

Other poor performers on the annual ranking of 197 countries included North Korea, Somalia, Cuba, Afghanistan, Syria and Cambodia - but resource-rich Myanmar is singled out for posing 'significant operational and strategic risks'.

'With recent political reforms and the likelihood of sanctions being lifted, Myanmar offers huge potential for oil and gas firms,' the report said.

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_764339.html
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