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The Law and Governance of the Asian Infrastructure Investment Bank

The Law and Governance of the Asian Infrastructure Investment Bank

Author: Gu Bin
Publisher: Kluwer Law International
ISBN: 9789403506319
Published In: December 2018
Format: Hardback
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 1,290.00

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Description
Contents

Details
About this book:
The Law and Governance of the Asian Infrastructure Investment Bank is among the first to offer an incisive introduction to the Asian Infrastructure Investment Bank’s (AIIB) law and governance, which are now essentially in place. The AIIB, which began operations in 2016 and now has an approved membership of eighty-four worldwide, has quickly become perhaps one of the world’s most promising agents of global economic development. With its firm commitments to the twenty-first century imperatives of cost-effectiveness, zero tolerance for corruption and active promotion of environmental sustainability, its clearly stated aims and requirements echo the goal of reform that other multilateral institutions are undertaking.

What’s in this book:
From a perspective of Chinese multilateralism, which parts ways from the dominant twentieth-century Bretton Woods arrangements, the author provides in great depth the details of such elements of the Bank’s Articles of Agreement as the following:
- non-resident board system;
- procurement;
- role of trust funds;
- state-owned enterprises as private entities;
- immunity;
- dispute settlement;
- accountability for involuntary resettlement and human rights violations; and
- policy on prohibited practices.
Throughout, the author provides deeply informed comparisons with such existing multilateral development banks as the World Bank, the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development and the Inter-American Development Bank, as well as with the World Trade Organization. He shows how the AIIB not only emulates but also innovates while continuing to collaborate closely with these institutions. He suggests what should be done to optimize governance, standards and operations of the AIIB together with these peer institutions in a mutually emulating manner.

How this will help you:
Lawyers and policymakers involved in international economic law and related fields will welcome this nuanced and in-depth description and analysis of the AIIB. Its concomitant analysis of political economy and global governance issues is intended as a basic introduction for law students and lawyers. This book will be of interest to bankers, businesses, government officials and others looking for an overall understanding of multilateral development banking and China’s approach toward global governance in particular.
Preface

Acknowledgments

PART I
The AIIB in General

CHAPTER 1
Chinese Multilateralism: The AIIB in General

PART II
AIIB Procurement Law

CHAPTER 2
AIIB Procurement

PART III
Immunity Law of the AIIB

CHAPTER 3
MDB Immunity in General

CHAPTER 4
AIIB Immunity: Scope, Challenges and Equilibrium

PART IV
AIIB’s Dispute Settlement Systems

CHAPTER 5
MDBs’ Dispute Settlement Systems in General

CHAPTER 6
AIIB’s Accountability Mechanism

CHAPTER 7
AIIB’s Sanctions Regime and Issues

APPENDIX I
Articles of Agreement of the AIIB

APPENDIX II
Columns about the AIIB and Beyond by the Author

Index