Legal reform is a core dimension of the EBRD's work. Legal reform activities focus on the development of the legal rules, institutions and culture on which a vibrant market-oriented economy depends. Published twice a year by the Legal transition programme, the twice-yearly Law in transition provides extensive coverage of legal developments in the region, and aims to stimulate debate on legal reform in the transition economies.
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Law in transition 2008 focuses on two themes: securities markets, and legal reform in Ukraine. Part 1 of the report asssesses the quality of securities markets legislation in the EBRD’s countries of operations and outlines some of the most interesting recent developments in securities’ markets law and practice in Russia, Albania, Kazakhstan and Moldova in particular. Part 2 covers legal reform in Ukraine and offers a variety of views and analysis on recent achievements, challenges and trends, authored by practising lawyers, bankers, economists and academics.