Time to Reassess Multilateral Enforcement Risks as Development Financing in Southeast Asia Is Poised to Rise

Companies operating in Southeast Asia and the Pacific often overlook the regulatory risk that the sanctions systems of multilateral development banks (MDBs) create, and ongoing MDB enforcement actions coupled with increasing project funding in the region suggest that MDB enforcement in Southeast Asia and the Pacific may be on the rise. This guest article by Peter Spivack and Nikolaos Doukellis of Hogan Lovells discusses the primary MDBs operating in the region and their sanctions systems, and identifies risk mitigation strategies and makes recommendations on responding to MDB inquiries. See “World Bank Debarments Continued Throughout the COVID 19 Pandemic: Are There More to Come?” (Aug 18, 2021).

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