Recently by Gregory A. Bibler
New Rules Require Accounting For Future Environmental Costs
In June 2001, the Financial Accounting Standards Board ("FASB") issued Financial Accounting Standards No. 143 ("FAS 143"), which required that liabilities for existing legal obligations associated with the future retirement of long-lived assets be recognized in financial statements when the asset...
Read MoreAll Appropriate Inquiry Standard Will Create Substantive New Requirements For Phase I Environmental Site Assessments Goodwin Procter LLP (617) 570-1000
As part of the 2002 "Brownfields" Amendments to CERCLA, Congress adopted new liability protections for prospective purchasers of properties which ultimately are found to be contaminated. To qualify for this new protection, prospective purchasers are required to conduct an adequate investigation...
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