Request for proposal and Restitution: Difference between pages

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imported>Doug Williamson
(Amend both definitions to separate bank and non-bank cases more clearly.)
 
imported>Doug Williamson
(Add quote - source - The Treasurer online - 6 May 2022 - https://www.treasurers.org/hub/treasurer-magazine/esg-led-litigation-and-what-it-means-for-treasurers)
 
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(RFP).  
''Law.''


== RFPs in banking ==
The legal principle that where a person has benefited undeservedly at another's expense, that person may be required to restore any improper benefit obtained.


A request for proposal is a formal tender which communicates a customer’s requirements to the banks who are being asked to bid.


The RFP is used to facilitate selection of a bank or banks.
:<span style="color:#4B0082">'''''ESG litigants not seeking financial restitution'''''</span>


:"The main risks to issuers from the rising incidence of ESG-related litigation are not financial but strategic and operational, as many ESG lawsuits seek structural changes in business practice rather than financial restitution."


== RFPs more generally ==
:''The Treasurer online - 6 May 2022.''


By analogy, similar communications in relation to non-banking services or the provision of goods.


== See also ==
* [[ESG]]
* [[Issuer]]
* [[Law]]
* [[Litigation]]
* [[Rescission]]


== See also ==
[[Category:Compliance_and_audit]]
* [[Request for information]]

Latest revision as of 12:29, 14 June 2022

Law.

The legal principle that where a person has benefited undeservedly at another's expense, that person may be required to restore any improper benefit obtained.


ESG litigants not seeking financial restitution
"The main risks to issuers from the rising incidence of ESG-related litigation are not financial but strategic and operational, as many ESG lawsuits seek structural changes in business practice rather than financial restitution."
The Treasurer online - 6 May 2022.


See also