When a Wall Street law firm was asked to advise on investing in Hungary in 1989, it fell to Douglas Rediker, then a 30-year-old attorney, to do the research. "When we asked the opinion of a Hungarian lawyer," Rediker remembers, "we'd get back a hand written note saying: 'Dear Mr Rediker, It is okay to do what you ask.' It didn't give us a whole lot of comfort. On the other hand it was quite intriguing."
April 01, 1999