oa De Rebus - Due diligence exercises
This month I examine a practical aspect of environmental law, namely the role of the environmental law practitioner in a due diligence exercise. More and more frequently local and international purchasers of (shares in) South African companies require that environmental investigations be carried out during the course of a preacquisition due dil igence exercise. It is not unknown for non-compliance with environmental laws to scuttle a transaction, particularly where environmental considerations are important in the jurisdiction of the purchasing company and where purchasing parties cannot be seen to be applying different environmental standards in different countries.
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