programs-promoting-governance-in-financial-transactions-laoPDR2

Promoting Governance in Financial Transactions, Lao PDR

Client Asian Development Bank (ADB)

Year 2006 – 2007

This technical assistance (TA) project aimed to strengthen the formal and informal mechanisms for commercial dispute resolution so as to ensure predictable, transparent, and speedy resolution supported, where needed by effectively enforced court judgments. The expected impact was higher confidence in the legal system of the Lao PDR, improving governance and potential for economic growth. The expected outcome was strengthened formal and informal mechanisms for dispute resolution on defaulting commercial/financial transactions to assist the Lao PDR in the implementation of a secured transactions regime. Outputs included (i) a sequenced plan to streamline the operations of the commercial divisions of the court; (ii) implementing regulations adopted; (iii) training for judges and enforcement officers at the commercial division of the civil court; (iv) appropriately trained trainers to conduct training sessions; (v) a secured transactions registry in operation, awareness building/technical training workshops and seminars; and (vi) legal department established at the state-owned commercial banks with capacity to undertake mediation and arbitration at the Office of Economic Dispute Resolution and file cases at commercial division of the court.

Scope Global was responsible for: mobilizing and supporting a team of 6 international specialists with expertise in (i) governance and judicial training; (ii) secured transactions; (iii) mediation and arbitration; (iv) enforcement; (v) secured transactions registry; and (vi) nonperforming loan resolutions; finalization of course/training design and materials; delivery of all training and capacity building activities; financial management; and reporting to the requirements of the ADB. This role included the establishment of an in-country Steering Committee and the provision of logistical support, liaison with the Government of Lao PDR and with ADB.

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