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Creditors Lose Protection from Environmental Liability when Exerting Managerial Influence

January-15-2016

Lawyer Max Laskin, Catherine Lyons
Area Banking and Finance Law, Corporate Restructuring, Commercial Real Estate, Corporate and Commercial, Environmental Law

Summary

Providing financing to an owner of an environmentally contaminated site can be a risky endeavour.  In recognition of these risks, and to ensure that individuals and businesses facing environmental issues have access to financing to address contaminations, the Environmental Protection Act (EPA) includes certain protections for secured creditors.

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