The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
The Equator Principles (EPs) are a risk management framework for determining, assessing and managing environmental and social risk in project financings. Introduced by the International Finance Corporation (IFC) in 2003 with the support of ten financial institutions, they have since become a financial industry minimum standard for due diligence and monitoring to support responsible risk decision-making. Financial institutions adopt the EPs to ensure that the projects they finance are developed in a socially responsible manner, reflecting sound environmental management practices, and, once so adopted, undertake to provide financial services to project financings only if they meet EP criteria. The EPs have focussed the project finance market’s attention on social/community standards and responsibility, including robust standards for indigenous peoples, labour standards, and consultation with locally affected communities. They have also promoted convergence around common environmental and social standards and helped spur the development of other responsible environmental and social management practices across the financial sector and banking industry.
Lawyers advising on large project finance transactions should be aware of and understand the guidelines in the EPs, not least because financial institutions that have adopted the EPs will require certain terms reflecting the EPs to be included in the project finance documents.
The EPs were launched by the IFC in 2003 with the backing of ten international banks. They were based on existing environmental and social
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Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies,
What is quia timet relief?Injunctions are generally awarded where a party has already suffered a wrong. For guidance on injunctions generally, see Practice Note: Injunctions—guiding principles. However, an injunction may be sought before a party's rights have been infringed on the basis that they
Brexit: The UK's departure from the EU on exit day ie Friday 31 January 2020 has implications for practitioners dealing with provisions in the CPR relevant to cross border matters, including CPR 5.4C (discussed below). For guidance on the impact of Brexit on the CPR, see Cross border
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