It became very clear that an incisive manual about how to conduct business outside of North America and Western Europe was desperately needed for an international operation such as this.

Real Estate Investment, Development & Law in Emerging Markets will keep those who practice international law and real estate in developing economies and emerging markets out of trouble and will help direct them on the road to success. Whether it's choosing a local partner, not offending a counterpart at the negotiation table, avoiding violation of the Foreign Corrupt Practices Act (FCPA), identifying ways of financing esoteric projects or making the decision to be your own general contractor, this book will shed light on those topics in the context of a broad range of emerging economies.

Taking an American or British real estate lawyer and sending him or her to an unfamiliar market such as Mumbai, Quito, or Istanbul would leave them overwhelmed by the smells, sounds, technical challenges, apparent pandemonium and unknown strategies surrounding them. This book is the 21st century edition every legal warrior must have.

This volume covers a range of topical areas including:

• Reasons for investing or developing in emerging markets
• How to develop real estate in emerging markets
• Structuring an entity
• The acquisition of property
• Legal issues in a number of countries
• Shari’ah compliant investments
• Jurisdictional issues
• Ethical issues
• Tax issues
• Insurance issues

Click here for a full table of contents

Gary Lachman has enjoyed a 30-year distinguished career as an international real estate attorney combined with vast experience as a land developer, residential builder and real estate fund executive. While working at the US Department of State as an international real estate portfolio manager and leader of the New Embassies and Consulates Group, he negotiated and managed the acquisition and development of projects in over 40 countries around the globe. As a private developer in the US he has developed over five billion square meters of residential land and buildings. Currently, Gary is special counsel on foreign law and a partner of Lachman & Yeniaras, an Istanbul-based legal consultancy comprising Turkish attorneys with LLM degrees from top US universities.

Gary is an associate professor of international real estate at the Johns Hopkins University where he has taught a graduate-level course in International Real Estate Investment and Development in Emerging Markets, and where the idea for writing this book was born. After being a guest lecturer on negotiation at the Jagiellonian University College of Law in Krakow, Poland, he served as an international real estate consultant to the Ministry of Foreign Affairs of the Government of the Republic of Poland, assisting with the ministry’s acquisitions and disposals in the US and worldwide. In Istanbul, he contributes a column entitled The Consultant’s Corner  to Hurriyet Daily News & Economic Review.  Gary holds a JD from the University of Denver College of Law and a BA from Duke University. He is a member of the Florida and Colorado Bar Associations.