Environmental laws : impact on business transactions : a practice guide with forms / Richard H. Mays.
1992
KF3775 .M377 1992 (Map It)
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Items
Details
Author
Title
Environmental laws : impact on business transactions : a practice guide with forms / Richard H. Mays.
Published
Washington, D.C. : Bureau of National Affairs, [1992]
Copyright
©1992
Call Number
KF3775 .M377 1992
ISBN
0871797119
Description
xxi, 517 pages : illustrations ; 26 cm
System Control No.
(OCoLC)25412571
Bibliography, etc. Note
Includes bibliographical references and index
Record Appears in
Table of Contents
Foreword
Preface
Table of Acronyms
Ch. I
Federal Environmental Laws Affecting Transactions
1
1.2The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) as Amended
2
1.3The Resource Conservation and Recovery Act (RCRA)
18
1.4The Clean Water Act (CWA)
23
1.5The Clean Air Act (CAA)
25
1.6The Safe Drinking Water Act (SDWA) as Amended
27
1.7The Toxic Substances Control Act (TSCA) as Amended
28
Ch. II
Selected State Environmental Laws Affecting Transactions
30
2.2Disclosure Laws: New Jersey's Environmental Cleanup Responsibility Act (ECRA)
32
2.3Other State "Notification" Laws
34
2.4State "Specific Notice" Laws
40
2.5State "General Notice" Laws
42
2.6State "Little Superfund" Liens
46
2.7State Non-Superliens
48
2.8State Common Law Claims
49
Ch. III
Environmental Audits
50
3.2Why Are Environmental Audits Important?
50
3.3What Are Environmental Audits?
52
3.4When Should an Environmental Audit Be Conducted?
55
3.5Who Should Conduct Environmental Audits?
58
3.6Pre-Proposal Issues
60
3.7Obtaining Proposals From Consultants/Attorneys
64
3.8Options If Contamination Is Detected on Property
70
3.9Consultation With Federal, State, and Local Agencies
72
3.10Establishing Confidentiality of Environmental Audits
73
3.11EPA/DOJ Position on Environmental Audits
74
Ch. IV
Environmental Aspects of Real Estate Transactions
78
4.2Protecting the Owner or Lessor in Real Estate Transactions
79
4.3Lease of Property - Owner/Lessor's Provisions
85
4.4Protecting a Prospective Purchaser in a Real Estate Acquisition
88
4.5Provisions Relating to Remediation of Property
95
4.6Environmental Waivers and Indemnities
104
4.7Survival of Provisions
106
Ch. V
Corporate Environmental Transactions
108
5.2Overview of Corporate Environmental Liabilities
109
5.3Direct Liability Under CERCLA
111
5.4Corporate Environmental Due Diligence
114
5.5Full Investigations/"Friendly" Acquisitions
123
5.6Conducting the Internal Audit of the Target Company
126
5.7Report to Acquiring Company Management
131
5.8Contract Provisions for Mergers/Acquisitions
132
Ch. VI
Securities Disclosure Requirements
141
6.2What Information Is "Material"?
142
6.3Disclosure of Material Effects of Compliance
143
6.4Disclosure of Legal Proceedings
145
6.5Management Discussion and Analysis (MD&A) Requirements
147
Ch. VII
Environmental Laws Affecting Transactions of Lenders
152
7.2Environmental Statutes Affecting Lenders
153
7.3The Secured Creditor Exemption From CERCLA Liability
155
7.4Avoiding or Minimizing Environmental Liability of Financial Institutions
166
Appendix
175
Table of Cases
505
Index
509
About the Author
517