2009
DOI: 10.1350/enlr.2009.11.3.056
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The Equator Principles and Social Rights: Incomplete Protection in a Self-Regulatory World

Abstract: The new Equator Principles (EP2) now require lending banks that have signed up to EP2, and also the borrower, to take account of the social rights of affected communities as provided by the rules in EP2. However, there continue to be criticisms by NGOs of individual EP2 banks, in particular, relating to the monitoring by the banks of the covenants entered into by the borrower. There are also ongoing concerns by NGOs as to the transparency of certain actions of individual EP2 banks, with allegations that some b… Show more

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