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Brunei

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Editorial

Legal market overview

Among the ASEAN states, Brunei is considered a relatively easy country to do business in. Recent key regulatory reforms have improved the ability to obtain credit, the ease of starting up business and the protection for minority investors in the country. The government is also keen to promote public-private partnerships, as well as further upgrade its road network and public transport system.

Brunei has a relatively open economy and welcomes foreign direct investment through various incentives offered by the Energy and Industry Department and the Prime Minister?s Office, as well as through the Ministry of Foreign Affairs and Trade and the Brunei Economic Development Board.

The bulk of the nation?s wealth originates from its plentiful natural resources. The large deposits of oil and gas support the country?s major industries. The government is seeking to diversify its economy into other areas and is promoting tourism and manufacturing.

Brunei?s legal system is based on the British common law system. It has a parallel Sharia law system which supersedes the common law in family and property law.

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