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 multiyear 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 overarching goal of the current strategy is for the EBRD to preserve and accelerate transition in the countries where we work through the crisis and recovery phases in response to recent economic hardships. Through its strategy, the EBRD is also fully committed to continue tackling deep-rooted broader challenges - and leveaging new opportunities - including environmental, demographics and technological transformation to build a more resilient and sustainable future. Agility and flexibility are hallmarks of the EBRD's implemenation of the strategy. The Bank is responsive to market and reform conditions, and innovative in helping counties transition to a sustainable market economy throught the pursuit of six transition qualities: competitive, well-governed, green, inclusive, resilient and integrated.
The Legal Transition Programme is funded both from the Bank's budget and through donor grants provided by the EBRD's shareholders and other official sources. The programme accepts practical support such as fellowship funding, training facilities and event publicity.