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Tunisia

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One of the most economically vibrant of the North African countries, Tunisia’s real GDP has shown consecutive years’ growth following a brief dip in the immediate aftermath of the global economic crisis. The economy was largely insulated as a result of a relatively conservative banking policy as well as an increasingly diverse economy, which as well as its traditional strengths in tourism and agriculture, is now increasingly active in the energy and infrastructure sectors. Foreign investment continues to flourish in the region and consequently many international firms have a focus in Tunisia, usually based out of Paris. Similarly domestic corporates, which are typically family-owned entities, are now increasingly sophisticated in their outlook and actively seeking foreign investment as a means of maximising returns.

French-based Gide Loyrette Nouel is the only international firm to have a Tunisian office, although it is not eligible to conduct litigation or arbitration in the Tunisian courts. Of the domestic firms, Adly Bellagha & Associates, Ferchiou & associés and Cabinet Donia Hedda Ellouze continue to dominate the work in the country.

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