Central and Eastern Europe: The waiting game
Rarely has a happening in the European Union been trailed as closely as the accession of 10 new countries this May. Lawyers in Central and Eastern Europe see 2004 as being a half-way marker in the development of their markets, although the predictions are that it will take a decade for the full benefits of EU membership to be seen. Sophie Evans reports
After the fanfare of accession, what is the mood among the European Union’s (EU’s) newest member states and their law firms? With a combined population of 64.7 million, much has been made of the economic impact of 10 states bolting themselves onto the Union. Central and Eastern European law firms have been gearing themselves up for years to mirror the current member states’ firms and the expectations of their multinational clients.
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