Flood warning – why Romanian law firms are pinning their hopes on a surge in foreign investment
As politicians prey on fears of 'a flood' of Romanian migrants into Britain when border controls are lifted next month, Romanian lawyers are, in turn, praying for a flood of foreign investment into their country. "Romania is not a country which can stand on its own," says Gheorghe Musat, managing partner at Musat & Associates. "It badly needs foreign investment." Ion Nestor, managing partner at Nestor Nestor Diculescu Kingston Petersen, confirms: "The economy is stable, but, unfortunately, we are stable in poverty."
With fierce competition and huge pressure on fees, Romanian law firms face an uncertain future as they pray for a glut of foreign investment, writes Dominic Carman
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