How the EBRD Legal Transition Programme operates
The Legal Transition Programme is a group of lawyers, each with a specific area of legal expertise. They lead the EBRD's efforts in legal reform in their specialist areas and the related legal technical assistance projects. These lawyers work closely with the Bank's project-focused lawyers to identify and overcome legal impediments to investments.
In 2010 a Financial Law Unit was created within the Legal Transition Programme to address, on a systematic basis, the challenges faced by investors engaged in financial transactions in transition countries. The Unit specialises in questions relating to capital markets, corporate governance, insolvency and access to finance.
The Legal Transition Programme's specific objectives are periodically re-evaluated and detailed in three-year Action Plans. These allow objectives to be adjusted to take into account of the current legal, political and economic environment in the EBRD region, as well as the Bank's investment strategy.
The 2013-2015 Action Plan bases its legal policy dialogue and technical cooperation activities on three pillars: