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Max Planck Encyclopedia of International Procedural Law [MPEiPro]

Sanctions Process: European Bank for Reconstruction and Development (EBRD)

Marcin J Menkes

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 30 July 2021

Corruption — Economic sanctions — Public procurement — Quasi-judicial bodies, procedure

Published under the direction of Hélène Ruiz Fabri, with the support of the Department of International Law and Dispute Resolution, under the auspices of the Max Planck Institute Luxembourg for Procedural Law.

1 The European Bank for Reconstruction and Development (‘EBRD’ or ‘Bank’) is one of the youngest regional development banks. Following the establishment of the European Investment Bank (‘EIB’) in 1958, the Inter-American Development Bank (‘IBD’) in 1958, the African Development Bank (‘AfDB’) in 1964, and the Asian Development Bank (‘ADB’) in 1966, the EBRD was established in 1990. As the Iron Curtain fell, and because Central and Eastern Europe (‘CEE’) believed in the ultimate superiority of democracy and capitalism, the reunited continent yearned for a...
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