Lawyers around the world have contributed to the World Bank Group publication Doing Business report 2014, documenting business reforms in 114 countries. The report finds that governments have stepped up the pace of improving business regulations with an 18% increase in reforms on the previous year.
Doing Business covers a number of legal areas including corporate law, employment, finance and property.
Singapore tops the global ranking on the ease of doing business. Joining it on the list of the top 10 economies with the most business-friendly regulatory environments are Hong Kong SAR, China, New Zealand, the United States, Denmark, Malaysia the Republic of Korea, Georgia, Norway, and the United Kingdom.
The report finds many countries in Sub-Saharan Africa engaged in reforms aimed at reducing burdensome regulations and building stronger legal institutions. In 2012/13, more than twice as many African economies in the region made reforms, compared to 2005. Out of the 20 economies that have most improved business regulation since 2009, nine are in Sub-Saharan Africa: Benin, Burundi, Côte d’Ivoire, Guinea, Guinea-Bissau, Liberia, Rwanda, Sierra Leone, and Togo.
The Law Society is a global contributor to the report. working with lawyers around the world to provide data on key business areas. To get involved in the 2015 research contact firstname.lastname@example.org stating the jurisdiction/s in which you are licensed and your areas of practice.