TL4
Virtual

Multilateral Development Banks (MDBs) - Investigations, Powers and Penalties

09 Sep 2020

Location: Virtual Event (Zoom)
Members: FREE - Book by 09 Sep

Multilateral Development Banks (MDBs) - Investigations, Powers and  Penalties

Highlights

The World Bank and other MDBs support major infrastructure projects with billions of dollars in loans to developing world governments each year.  In light of the ongoing COVID-19 pandemic, MDBs have responded with plans to deploy much of their estimated $250 billion in spare lending capacity over the next 18 months.  Much of this money will make its way to the private development firms, construction companies, and consultants who bid for pieces of MDB-funded contracts.

This will inevitably create opportunities for fraud, corruption, and other misconduct, and businesses should expect a corresponding increase in activity from the banks’ increasingly sophisticated and well-resourced investigatory offices.

MDB investigators are unbound by national borders and have far-reaching powers to pry into any entity that receives MDB funds (even indirectly).  Such investigations can lead to significant consequences, including “debarment” from all future MDB-funded projects.  The effects of this potentially crippling penalty is often magnified by the many governments and financial institutions that unilaterally refuse to do business with debarred companies.

Further, MDB investigators routinely share their findings with national law enforcement agencies.  As such, an MDB sanction can be just a prelude to an even more serious legal problem (especially for firms that fall under the jurisdiction of the FCPA or UK Bribery Act).

Knowing how to prepare for, respond to, and defend against an MDB investigation is therefore crucial.

Attend this event to drill down into:

  • How MDB investigation offices are structured and run
  • Trends in MDB investigations over the last 10 years
  • How MDB investigations are started and the importance of whistleblowers
  • Tips and best practices for targeted companies
  • Examples of major cases and penalties
  • The sanctions process and how companies can defend themselves
  • Debarments, cross-debarment and monetary penalties
  • Proactive steps companies can take to protect themselves
  •  The significance of MDB interaction with law enforcement
Chris Kim
Senior Managing Director
Guidepost Solutions (USA)

Chris Kim
Chris Kim Senior Managing Director
Guidepost Solutions (USA)
Barry Vitou
Partner
Greenberg Traurig

Barry Vitou
Barry Vitou Partner
Greenberg Traurig
Ian Hargreaves
Partner
Covington & Burling

Ian Hargreaves
Ian Hargreaves Partner
Covington & Burling
Joshua L. Ray
Legal Director
Rahman Ravelli

Joshua L. Ray
Joshua L. Ray Legal Director
Rahman Ravelli
Alex Haines
Barrister
Outer Temple Chambers

Alex Haines
Alex Haines Barrister
Outer Temple Chambers
Syedur Rahman
Legal Director
Rahman Ravelli

Syedur Rahman
Syedur Rahman Legal Director
Rahman Ravelli

Agenda

2.55pm
Audience Logon
3.00pm
Chair's Opening Remarks
Speakers:
Joshua L. Ray - Legal Director - Rahman Ravelli
3.05pm
QuickFIRE Presentations
Speakers:
Chris Kim - Senior Managing Director - Guidepost Solutions (USA)
Alex Haines - Barrister - Outer Temple Chambers
Barry Vitou - Partner - Greenberg Traurig
Ian Hargreaves - Partner - Covington & Burling
Syedur Rahman - Legal Director - Rahman Ravelli
3.30pm
Panel Session Q&A
4.15pm
Chair's Summary & End of Event

Partnership

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We can provide bespoke value adding partnerships. We will work in partnership with you to develop a bespoke marketing solution to meet your objectives across varying events and thought leadership content. We will ensure that you gain value through the right medium, focused on your desired audience, with a true partnership that delivers value to your marketing needs. Want to know more?

Please contact Chris on 0207 101 4151 or email chris@thoughtleaders4.com

Contact Us

If you are interested in this event and would like some more information before making your decision to attend please contact Paul on +44 2071 014155 or email paul@thoughtleaders4.com