Professor Lawrence P. Schnapf
Environmental liability has become an important issue in corporate, real estate, and commercial financing transactions. As a result, environmental lawyers may play a significant role in identifying, negotiating, and allocating the environmental liabilities associated with business transactions. This course covers the scope of liability for owners and operators of real property, parent and successor corporations, lenders and trustees; SEC disclosure requirements; interplay between bankruptcy and environmental law; state property transfer statutes; structuring transactions to minimize environmental liability; environmental due diligence; and insurance issues. Students participate in a simulated business transaction involving negotiating and drafting.
Environmental Law & Policy (GOV150) is recommended but not required.