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EU: Industrial site contaminations likely to be-come more transparent in...

September 2012 - EU & Competition. Legal Developments by Schönherr.

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M&A transactions in near future

As of 7 January 2013, certain industries will become subject to more stringent envi-ronmental investigation and reporting obligations. From that date, the operators of those industrial installations that are subject to the IPPC/IED regime will have to draw up so-called "baseline reports" comprising site-related soil and groundwater information. Drawing-up that report will go hand in hand with investigating the en-vironmental state of the industrial sites concerned. Any contaminations will become transparent to national authorities and supervisory bodies. This possibility should be duly considered in M&A transactions.

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