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Alexei Zverev Senior Counsel, EBRD Vilnius , November 2006

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Presentation on theme: "Alexei Zverev Senior Counsel, EBRD Vilnius , November 2006"— Presentation transcript:

1 Alexei Zverev Senior Counsel, EBRD Vilnius , 22-23 November 2006
Overview of Concessions Legislation in Countries of Central and Eastern Europe Alexei Zverev Senior Counsel, EBRD Vilnius , November 2006

2 Issues to be discussed EBRD’s Legal Transition Programme (LTP)
PPP policy Legal framework Results of EBRD evaluations Legislative trends and challenges

3 LTP activities in the area of PPP
EBRD: Participates in and contributes to international standard-setting initiatives Monitors and analyses the status of legal transition in its countries of operations and developments measurement tools to assess legal risk for EBRD investments Develops and implements technical assistance projects in its countries of operations Advances legal reform through various outreach activities, including publication of its legal journal, Law in transition Go back to previous slide to talk about POLICY

4 PPP policy Why policy issues are important Legal framework
Institutional infrastructure Awareness and professional development

5 Legal framework Clear Stable Predictable Fair Flexible

6 Measuring compliance of concessions legislation against international standards

7 Countries with a concession law – 2005 update of EBRD Concessions Law Assessment

8 Levels of compliance in core areas of concessions legislation – Estonia, Latvia, Lithuania - 2005

9 Measuring the effectiveness of concessions legal frameworks – 2006 Legal Indicator Survey

10 Common impediments to PPP
Absence of a clear PPP policy Inadequacy of concession laws relative to international legal best standards Lack of institutional support and capacity / lack of skilled public sector officials Security/assignment restrictions Lack of variety of capital market instruments Budgetary constraints This slide will discuss chiefly LEGAL impediments The public sector project sponsor has to ensure that it has sufficient trained staff to administer the contract or concession for the next 10 to 30 years, depending on the length of the contract. Current Budget Code only allows for short term commitments and approved annually. Investors seek long term provisions.

11 Alexei Zverev Senior Counsel, EBRD zverevA@ebrd.com
Alexei Zverev Senior Counsel, EBRD

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