Environmental laws have far-reaching consequences in the business world. Corporations in the U.S. and elsewhere incur enormous costs complying with environmental requirements, remediating contaminated properties and defending "toxic tort" litigation. Complying with environmental requirements frequently affects the ability of corporations to operate effectively and profitably, expand or modify operations and meet financial projections. Environmental costs and liabilities can affect stock values and the cost of capital, and influence corporate structures and decision-making on a wide range of business issues seemingly unrelated to environmental protection.
This class explores how environmental laws affect a variety of business transactions, including mergers and acquisitions, securities offerings, lending and secured transactions and real estate development (involving virtually every industry, from heavy manufacturing to internet commerce). Students will examine how environmental liabilities and risks are identified, evaluated and allocated in corporate transactions and discuss the regulatory, market and political forces at play in this context. Students also will have the opportunity to reflect upon the relative effectiveness of governments and capital markets as environmental regulators.
Section Offerings for 2012-13
|L8362-001||13S||Environmental Issues in Business Transactions|
|M. Morreale ...||W 4:20 PM-6:10 PM||WJWH 600|
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