Distressed Assets and Foreclosed Properties: Avoid Environmental Liability Risks

April 5, 2010
Michael C. Gross
Association of Corporate Counsel's "Green-house Counsel"

In-house lawyers whose work remotely touches upon the areas of real estate or financial services should carefully assess the legal liability ramifications associated with distressed asset investment and foreclosure. In particular, lenders, investors and their counsel should seek to identify both the liability risks and protections afforded by environmental laws before these transactions occur.

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