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Article: The importance of environmental due diligence and working with attorneys. (Practical Management).
- Article from:
- Pollution Engineering
- Article date:
- April 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Why is it important to do due diligence? To avoid the potential of spending millions of dollars to fix someone else's problems. If you are acquiring or leasing a property, you want to do due diligence to identify the environmental baseline at the time you acquire or lease the property. If you are leasing, you want to know whether there are any pre-existing conditions at the site so that at the end of the lease, you will only have to return the property to the owner at the same environmental conditions. If you fail to do a site assessment, the owner might claim that you caused any contamination found. This happened to my previous employer before I joined the company. They ...
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Article: Tailoring due diligence to the deal: due ...
Acquisitions Monthly;
October 1, 2003 ;
700+ words
... ... that the biggest pre-deal issue was due diligence, says Pratt. "In the past, due diligence has ranked two or three, so I think ... This is not to say, of course, that due diligence has reached some optimum level in which ...
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