Central and Eastern Europe can still be classified as an emerging market, but it is catching up to Western Europe at a frighteningly quick pace. Many US and UK firms have a solid anchor in the region and are growing.
Oil and gas consistently generate the majority of the legal work in the Russian market. Given the current economic climate, this trend is not likely to change anytime soon.
But capital markets and securitisations are becoming more popular, and real estate investment continues to see foreign investors flooding into the region in droves.
This Central and Eastern Europe Special Report examines the potential problems for international investors created by proposed changes to Russian regulations. It also examines in detail the reasons behind the growing sophistication of the region's financial markets, while also taking a close look at new developments in the Czech Republic's real estate sector.