The Legal 500 is conducting its first global survey of how corporate counsel and law firms use The Legal 500. We would be grateful if you could spend 10 minutes answering the survey questions to aid us in improving our research and how we deliver it. Click here to give us your feedback.
Recently viewed firm profiles
Legal market overview
With the conflict in Syria having been ongoing since 2011, it is estimated that the country’s economy has been damaged to the tune of $20bn as Syria’s two most important sectors – tourism and oil – have been deeply affected. Syria has also been hit by steep falls in productivity, high unemployment levels and ruined infrastructure. Furthermore, the Arab League, the US and the EU have imposed sanctions on the country, which are designed to deter investors from doing business with Syria.
Consequently, most of Syria’s law firms have been unable to offer full-service practices; although most of the firms have predominantly domestic practices, Syria’s legal advisers have seen their international workloads diminish greatly or shut down altogether.
Nonetheless, international clients with Syrian business interests continue to require strategic legal advice on how to manage the exits of their investments from the country or how to suspend such investments.