Arnold & Porter Kaye Scholer Partner Raul R. Herrera Selected to Lead the Green Climate Fund's Legal Department
Arnold & Porter Kaye Scholer partner Raul Herrera was selected to serve as Interim General Counsel of the Green Climate Fund (GCF) for a period of six months at the GCF headquarters in Songdo, Republic of Korea.
Mr. Herrera concentrates his practice on international matters, with particular emphasis in international corporate and financing transactions. For more than 25 years, he has been involved in transactions in every country of Latin America and many of the Caribbean, as well as in Africa, Asia and the Middle East, on behalf of a wide variety of clients, including private, public, and multilateral entities. Notably, Mr. Herrera has served as the general counsel of the Inter-American Investment Corporation, the private sector multilateral financial institution affiliated with the Inter-American Development Bank, and has represented the Caribbean Development Bank and the Central American Bank for Economic Integration, among others. Mr. Herrera was born in Panama, Republic of Panama, and spent his formative years living in Manila, Philippines. He earned his JD from The George Washington University Law School and received his BA from The George Washington University.
The GCF is a United Nations multilateral fund established for the sustainable development of climate change with the purpose of making a significant contribution to global efforts toward attaining the international community's climate change goals. In the context of sustainable development, GCF promotes a paradigm shift toward low-emission and climate-resilient development pathways by providing financial support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impact of climate change.
In addition, as a senior officer of the GCF, Mr. Herrera will be a member of the institution's Senior Management Team, representing it at meetings with member states, multilateral institutions, and other interested parties, while providing legal advice to the GCF's Executive Director and members of the Board in connection with Board proceedings and other substantive matters. Mr. Herrera will lead the Legal Department of the GCF, including managing all of the legal support functions that affect GCF; participating in the recruitment of a permanent general counsel; contracting with third parties; and representing the GCF in litigation and international arbitration, among other matters.