4 Legal rules do not discriminate between foreign and domestic investors and impose few constraints on creating a range of investment vehicles and security instruments. Indirect investment is specifically regulated. Indirect investment law is well-developed. The effectiveness of legal rules on investment 1 Legal rules are usually very unclear and often contradictory and the availability of independent legal advice is very limited. 2 Legal rules are usually unclear and sometimes contradictory.
Legal advice is often difficult to obtain.
The administration and judicial support of the law is rudimentary. The law is usually clear and legal advice is readily available. Investment laws are reasonably well-administrated and supported judicially, although that support is sometimes patchy. The law is clear and very ascertainable. Sophisticated legal advice is readily available.