Environmental Due Diligence (EDD) is designed to evaluate potential liability costs associated with environmental issues and is an important part of most merger and acquisition (M&A) procedures. Environmental Due Diligence is a relatively new discipline. Although prior to 1980s it was virtually unheard of, today it is an integral part of the transaction process undertaken predominantly by purchasers, but increasingly by vendors as well. The process has evolved over the past twenty years and may now include analysis of health and safety (H&S), employees’ exposure to toxic materials, product liability, etc.Property owners, developers, sellers and buyers understand the need to protect themselves from future liabilities. Environmental Due Diligence simply assures that the land being purchased does not pose potential risks or environmental hazards which may affect the area’s development or its future inhabitants.
Corporate business decisions with regards to environmental requirements should be based on reliable information taken from the actual state of affairs of a company. Environmental Due Diligence, performed by GRATA Law Firm's experienced staff, is an instrument for detecting any violations of environmental law in company's activities, providing recommendations for their solution, and preventing any such violations in the future.
Environmental Due Diligence includes due diligence performed by our lawyers with regard to companies’ activities in connection with observance of environmental requirements, and, as a result of such due diligence, provision of legal opinions and advice. We would like to bring to your attention just a few experience examples of GRATA’s Environmental Law Department in performance of environmental due diligences:
In the course of Environmental Due Diligence lawyers study and analyze all important documents of a company regarding subsoil use and environmental protection as well as information obtained in course of negotiations. Based on due diligence, lawyers prepare accurate information on the actual state of affairs of any business (mainly companies which are subsoil users) regarding their observance of environmental requirements and norms, and provide practical advice in connection with their findings.
We were asked to assist in protecting the legitimate interests of many large trading companies, oil and gas companies, as well as large exporters of non-ferrous metals in environmental disputes.
In the recent past, we have successfully completed the following projects:
In the course of their careers GRATA lawyers have provided services to many large companies in oil and gas, petrochemical, gold, uranium, and other areas, as well as trade, transport and agricultural organisations. Please find below a brief description of the most relevant work done during the last two years:
In January 2014, the Environmental Law Department has won the court proceedings for the benefit of a subsoil user. The first-instance court has denied the environmental authority to recover environmental damages caused by dust emissions.
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