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September 12, 2014

Growing risk of legal abuse legal abuses in Latin America

The principal economies of Latin America are reforming their civil law systems, which may instigate a wave of litigation with potential negative consequences for foreign investment and economic growth in the region.

That is the main conclusion of two recent reports produced by the Institute for Legal Reform (ILR) within the US Chamber of Commerce.

“The risk we run is creating abuse within the legal systems, which could create problems for private investment,” the ILR’s Vice President for International Initiatives, Scévole de Cazotte told Latin Business Chronicle.

Read the full article in the Latin Business Chronicle.

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