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Currently it is quite challenging to imagine the property acquisition of a subsoil user company without a due diligence procedure, the main part of which is the Environmental Due Diligence. The main purpose of the Environmental Due Diligence is to detect all Environment infringements of a company that can cause various economical losses (for example, fines, loss replacement and tax forfeit). The scale of these losses might be very large. At the same time, the reasons for the economic loss are not always clear and companies can not always be aware of their responsibilities – unless these infringements are revealed by the authorized bodies. The Environmental Due Diligence enables a company to avoid being in such situations, because it enables the company to find out if they meet all Environmental requirements – which are provided not only in the Environment protection legislation, but also in the sanitation, construction activity and technical security legislation.
Environmental Law Department at “GRATA” Law Firm discusses this issue in the article “Benefits of Environmental Due Diligence”.
We hope that this information might be extremely important and beneficial to your company.
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