What Does the Trans-Pacific Partnership Mean for Lawyers?
One issue that has been important for lawyers in previous trade deals may be less so when it comes to the TPP. In Korea’s FTAs with both the U.S. and the European Union, opening that market to foreign law firms was a major goal.
But most of the prospective TPP countries currently have at least somewhat open legal markets. Malaysia, the largest country among them that still bars foreign law firms from having offices, is currently looking at legislation that would permit international lawyers access there as well.