How Energy Co. Buyers Can Limit Environmental Liability Risk

By Jacob Hollinger and Darren Azman (May 29, 2020, 3:30 PM EDT) -- Many energy companies may be driven into bankruptcy because of the COVID-19 pandemic. Third parties seeking to purchase those companies' assets may be concerned about potential successor liability for the seller's environmental obligations. This article highlights some steps that asset purchasers in bankruptcy can take to reduce the risk of such liability....

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