Multilateral Development Bank Sanctions and Investigations

Webinar | August.31.2021 | 8:00am - 9:15am (Eastern Standard Time)


On August 31, 2021, Orrick and the Cyrus R. Vance Center hosted a webinar on the multilateral development bank (MDB) sanctions and investigations, which focused on the World Bank and African Development Bank processes. The event featured Thomas Laryea and Kenton Atta-Krah from Orrick and a panelist from the Vance Center Fellows. Attendees included contractors on MDB financed projects and government officials.

The webinar focused on recent developments in MDB sanctions and investigations, including issues with MDB procurement, contracting processes and enforcement actions. With the recent increase in MDB financing in the wake of the COVID-19 pandemic, the compliance risks associated with the use of such financing warrants additional scrutiny by private parties and government officials. There was also a discussion on how recent outcomes in enforcement actions and investigations may influence anti-corruption and anti-bribery compliance.


Please click below to view a recording of the event.


CLE INFORMATION: This course is eligible for New York and California CLE credit. Please complete and retain the applicable form for your records. The New York self-study form must be emailed to Melissa Woods and Jane Gracey. The California self-study form does not need to be emailed to Melissa Woods and Jane Gracey.

Orrick, Herrington & Sutcliffe LLP is an accredited MCLE provider in the State of New York. This transitional and non-transitional continuing legal education course has been approved in accordance with the requirements of the Continuing Legal Education Board for a maximum of 1.5 credit hours, of which 1.5 credit hours can be applied toward the areas of professional practice requirement.

Orrick, Herrington & Sutcliffe LLP is an accredited MCLE provider in the State of California. This continuing legal education course has been approved in accordance with the requirements of the State Bar of California for a maximum of 1.25 credit hours, of which 1.25 credit hours can be applied to the general requirement.

View the presentation slides here.

Thomas Laryea, Orrick Of Counsel


  • Finance Sector
  • Restructuring
  • Banking & Finance
  • Governmental Affairs
  • Antitrust & Competition
  • International Arbitration & Dispute Resolution
  • Africa
  • Funds

Thomas Wyatt Laryea Counsel

Washington, D.C.

Thomas formerly served as Assistant General Counsel at the International Monetary Fund, where he was responsible for the IMF’s legal relations in finance and economic surveillance with each of its member countries. As the only senior IMF lawyer in private practice, he offers distinctive insights to asset managers, real money investors and hedge funds on sovereign debt and restructurings as well as large scale corporate restructurings and project financings. His practice bridges legal and strategic advice on the transactional, public policy and dispute resolution aspects of international finance and investment.

Thomas has advised on several recent high-profile sovereign debt restructurings, including representing the Argentina Creditor Committee on the restructuring of $65 billion of Argentina’s foreign currency bonds. He also recently represented the Steering Members of the Committee on Bondholders in the reprofiling of Belize’s bonds.

He is recognized as a key lawyer in the Restructuring (Including Bankruptcy): Municipal category of The Legal 500 US 2022 directory. A client remarked that he “provided invaluable advice on the IMF policies, individual personalities and missions which helped us to understand the sovereign’s priorities with the IMF” that “will then frame our negotiations with the sovereign.” “Thomas is highly respected in the sovereign restructuring space.”

Thomas is an active thought leader and has published numerous articles on sovereign debt and international finance.