It is a commonly held perception that Alberta is a business-friendly province. With little red tape, skinny regulations, modest taxes, a sizeable pool of entrepreneurs, a can-do attitude, near-absent unionization, political invariability, abundant resources, solid infrastructure, a reasonable cost of living, great skiing, private liquor stores, and a young, well-educated workforce, it is difficult to argue against this perception.
As I sit down to write, expectations are that British confectionary icon Cadbury PLC will be swallowed whole by Kraft Foods Inc. in an acquisition worth $19.3 billion despite Kraft’s top shareholder Warren Buffett calling the takeover a “bad deal.”
The weather outside may be frightful but everyone’s outlook seems to be a lot more delightful than it was at this time last year. Heading into the first quarter of 2010 there appears to be a lot less malaise, trepidation, worry, anxiety, fretting — you get the picture — than there was 12 months ago. At that time, not only were we hearing from law firms about their concerns over the economy, we also felt the tightening of belts as an organization that services the legal community.
Be it the tiger, the dragon, or even the camel, the nations of Asia are a hot market for Canadian legal business. Throughout this issue of Canadian Lawyer, we look at the opportunities presented by the nations of Asia. The Earth’s largest continent boasts such a variety of markets, economies, and, quite simply, people, that in this globalized economy it can’t be ignored.