One nit, many developing countries do pick overseas legal systems to resolve commercial disputes because local systems are not workable / usable. So you might b

One nit, many developing countries do pick overseas legal systems to resolve commercial disputes because local systems are not workable / usable. So you might be in india and philippines, but use a london bank for a letter of credit and agreements / bills of lading that are handled in London https://www.gov.uk/courts-tribunals/commercial-court https://www.gov.uk/courts-tribunals/commercial-court A winning combo is a functioning, fair, nonpolitical legal system that works QUICKLY and predictably (fairness a bit secondary) and banking / finance so decisions can be enforced more easily.