Avoid murky waters
Language: English Series: Estates Gazette ; (0949) 12 December 2009, 66-67(2)Publication details: 2009Subject(s): Summary: Lenders enforcing charges on a property where the borrower defaults on its repayments may take on unknown liabilities if it is environmentally contaminated. Outlines liabilities and risks a lender may face. Suggests lender may face four risk categories including credit, security, liability and reputational. From April 2010 companies which breach environmental controls will be exposed to potentially large civil penalites under the Environmental Civil Sanctions Order 2010.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L149120 (Browse shelf(Opens below)) | 1 | Available | 149120-1001 |
Lenders enforcing charges on a property where the borrower defaults on its repayments may take on unknown liabilities if it is environmentally contaminated. Outlines liabilities and risks a lender may face. Suggests lender may face four risk categories including credit, security, liability and reputational. From April 2010 companies which breach environmental controls will be exposed to potentially large civil penalites under the Environmental Civil Sanctions Order 2010.