The transition from EP3 to EP4, now postponed to October 1, 2020, will significantly impact projects in the United States and other high-income Designated Countries.

The Equator Principles (EPs) were recently updated and the transition from the June 2013 version (known as EP3) to the November 2019 version (known as EP4) has been pushed from July 1, 2020, to October 1, 2020. For background on this transition, see Latham & Watkins’ blog post Equator Principles Association Adopts Equator Principles 4, published December 17, 2019.

This Client Alert focuses principally on the implications of EP4 related to projects sited in Designated Countries - i.e., high-income countries, including the United States.