Established in 2014, the New Development Bank was set up by China and the four other BRICS countries to finance infrastructure and sustainable development projects in the BRICS and other emerging economies. Abhimanyu Ghosh discusses his role at the bank, the bank’s rapid response to COVID-19, setting environmental and social standards for their loans, as well as how working for a multilateral development bank is different from working for a law firm.
Abhimanyu Ghosh is Senior Counsel at the NDB, based at the bank’s headquarters in Shanghai. The NDB in-house legal team was the winner of the In-House Team of the Year International at the recent 2020 China Law and Practice Awards.
Today’s episode is the second part of a two-part special looking at the work of two leading in-house counsel in China who have been influential in helping their organizations navigate a fairly historic and unprecedented past year. Click here to listen to the previous episode with Myra Gao, head of legal at Danfoss China.
The China Law Podcast is a weekly podcast exploring China’s business and financial sectors from a legal perspective, hosted by Vincent Chow. Get in touch at firstname.lastname@example.org with any feedback and ideas for future episodes.
Disclaimer: Abhimanyu Ghosh was speaking in a personal capacity and his view are not necessarily those of the New Development Bank
01:40 What the NDB does and role of Senior Counsel
05:30 How the legal team divides work across different jurisdictions
07:08 Keeping work in-house versus seeking external help
09:30 Adhering to NDB's Articles of Agreement
12:28: Privileges and immunities of multilateral development banks
16:24 Maintaining environmental and social sustainability standards
China Law & Practice Announces Awards 2020 Winners
Podcast #21: Delivering Value as an In-House Counsel for a Multinational in China - Myra Gao, Danfoss China GC
In-House Insights: Helping Businesses Expand in China with Judy Wong, Tricor Group GC