MIGA Appoints New General Counsel

MIGA Appoints New General Counsel

WASHINGTON, DC, July 21, 2005—The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, announced today the appointment of Peter D. Cleary as General Counsel. The appointment is effective September 12, 2005. Cleary will succeed Luis Dodero, MIGA’s first General Counsel, who retired on July 1, 2005.

Cleary, a US national, joins MIGA from the law firm Freshfields Bruckhaus Deringer, Hong Kong, where he is a partner and the head of the Project Finance Group in Asia. He has 25 years’ experience in advising sponsors and financial institutions on project finance, banking, and corporate matters throughout Asia. Chambers & Partners, Euromoney, and Asia Pacific Legal 500 have consistently rated him as a leading project finance practitioner. Cleary was educated at Princeton University and Harvard Law School.

“We are very pleased to welcome Mr. Cleary to MIGA,” said the agency’s Executive Vice President, Yukiko Omura. “He brings to the table a vast amount of experience that will no doubt serve MIGA’s clients well.”

In his new position, Cleary will serve as head of MIGA’s Legal and Claims Department; help the Board of Directors apply and interpret the agency’s Convention; and advise MIGA’s senior management on matters of law and policy related to all MIGA activities. Moreover, he will chair the Claims Committee to negotiate dispute settlements.  

For information

Angela Gentile, agentile@worldbank.org,
t. 202.473.3509