The European Bank for Reconstruction and Development (EBRD) was established in 1991 to help build a new, post-Cold War era in Central and Eastern Europe. It has since expanded to other transition economies and gained unique international investor expertise in fostering economic change by investing more than €150 billion in a total of over 6000 projects. EBRD promotes democratic rule and market economy, sound commercial laws and strong institutions, all of which are integral to sustainable economic transition. Through Legal Transition Programme in the Office of the General Counsel, the Bank helps to create investor-friendly, transparent and predictable legal environments in the economies where we invest. The EBRD Legal Transition Programme works with reform-oriented governments and specialises in designing technical cooperation programmes to support regulatory reforms to sustainably transform local economies.