Environmental Due Diligence in New York

Evaluating environmental exposure, limiting financial risks and securing a "no further action" letter.

Environmental due diligence is an integral part of a business's general due diligence in major corporate transactions such as mergers, acquisitions, and real estate buy/sell agreements. In addition to the likely inquiries as to a company's general success, cash flow, and tax burden, due diligence should also bring to light any environmental exposures presented by a major transaction.

"No Further Action" Letter

It is often crucial to a deal to obtain a "no further action" letter from the relevant government agency. That letter is a "sign-off" by the government that the cleanup you've done (or gotten the other party to carry out) satisfies the agency sufficiently so that will legally "close" the open file (often a petroleum spill number) on that property. The open file often blocks financing of the property, as well as presenting uncertainties as to liabilities to be assumed or as to the value of the property. To prevent liability in a future cost recovery action or future due diligence it is crucial to have skilled legal representation to oversee this process. For a consultation with a New York environmental due diligence attorney, contact Periconi, LLC.

Environmental Risk Assessment

Periconi, LLC provides experienced counsel in matters of environmental risk assessment and risk minimization in Connecticut and New Jersey, as well as New York. The firm provides environmental risk evaluations, allowing clients to make informed business decisions. The attorneys of Periconi, LLC skillfully undertake the drafting of contractual documents, putting protective measures in place should the acquisition of potentially contaminated properties go wrong. Taking into account pollution levels, permit limits, and the handling of hazardous materials, the firm will guide any environmental due diligence process to a thorough completion.

The lawyers of Periconi, LLC are prepared to serve as special counsel for clients involved in real estate law cases that involve matters of environmental law. When a property for sale exceeds pollution levels and permit limits, or if a business has improperly disposed of materials at an off-site location, Periconi, LLC can offer experienced insight, allowing business clients to make cost-effective decisions in their real estate transactions.

For experienced representation in any matter of environmental due diligence, contact the Manhattan-based environmental law firm Periconi, LLC.