Contaminated Land and Liability Management event
Wednesday 21 September 2011 - WSP Environmental, Three White Rose Office Park, Millshaw Park Lane, Leeds, LS11 0DL
Changes in legislation are bringing changes in the management and discharge of liabilities associated with chemical and industrial sites. The industrial emissions directive (IED) is in the transposition stage, and will need to be transposed into UK law in early 2013. Requirements for periodic monitoring of soil and groundwater and increased requirements for baseline studies are in the pipeline.
In addition, across Europe, we hear anecdotally that the Environmental Liability Directive (Environmental Damage Regulations) are being used not only to address new contamination, but being used to address historic contamination also. These changes potentially impact companies who believe they have discharged or avoided liabilities successfully through historic transaction agreements. And they are important to understand in terms of acquisition and divestiture of operating facilities.
Finally, the uncertainties around these issues are often barriers to the onwards regeneration of sites where historic contamination has been identified. Fear of liability bounce back and the associated reputational issues can prevent industry from proceeding to regeneration leaving mothballed sites to be managed in perpetuity, rather than a safe discharge of liability and realisation of asset. Through the eyes of former site owners, legal experts, regeneration experts and liability transfer managers we explore the latest thinking in this area, allowing an open discussion of liability management with a range of experienced practitioners.
For further details please click on the flyer belowcontaminated_land_21st_sept.pdf