ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up…
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Banks warned of liability if Baku-Ceyhan pipeline leaks
London, Feb 17 2006
The fifteen major banks that financed the controversial Baku-Tbilisi-Ceyhan (BTC) oil pipeline have been warned that they could face court if the pipeline leaks. The banks, including Royal Bank of Scotland and ABN AMRO, would be liable if they had knowledge of a potential cause of pipeline failure, yet failed to act to remove the risk of pollution. The warning to the boards and legal departments of the fifteen banks came in a letter from UK, Georgian and Azeri campaign groups who have been monitoring the pipeline's impacts.
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