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With a third of Angola’s GDP and nearly all its exports depending on oil, the country was hit hard by volatile crude prices. After GDP growth averaged at around 10% between 2004 and 2014, it has declined strongly while inflation is on the rise at 27% in August 2017.

At the same time, the country saw its first change of president in 38 years, though of the same party. Diversifying the commodity-dependent economy is one of the government’s most important challenges, together with improving the country’s infrastructure, living conditions and public financial management system.

In this context, lawyers are particularly busy with ongoing projects. Litigation, bankruptcies and labour matters are in particularly high demand. Local lawyers frequently cooperate closely with foreign law firms, including sending young lawyers abroad to work in larger international firms.

Portuguese firms are particularly prevalent on the market, due to the countries’ shared history, language and legal system. Outside of Portugal, Brazilian firm Tauil & Chequer Advogados in association with Mayer Brown and Clifford Chance, which has an Angolan desk in its Amsterdam office, are also active in the market.

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