Addresses environmental liabilities, the result of unforeseen environmental risks, where the dollar amount of such liabilities is unknown and depends on future events. In contrast, fines are payable for breach of environmental laws, but are not as contingent liabilities such as fines are relatively predictable. Cover liabilities under common law doctrines (including toxic offenses), of resource conservation and Recovery Act (RCA) and the Comprehensive Environmental … Read more »

Addresses environmental liabilities, the result of unforeseen environmental risks, where the dollar amount of such liabilities is unknown and depends on future events. In contrast, fines are payable for breach of environmental laws, but are not as contingent liabilities such as fines are relatively predictable. Cover liabilities under common law doctrines (including toxic offenses), of resource conservation and Recovery Act (RCA) and the Comprehensive Environmental Response Compensation and Liability Act (CERCLA). In particular lender liability discusses topics from 1993 and briefly discusses accounting requirements. Concludes with a discussion of strategies for the management of such liabilities.
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from
Richard H.K. Vietor,
Forest Reinhardt,
Jackie P. Roberts
23 pages.
Publication Date: Feb 11, 1994. Prod #: 794098-PDF-ENG
Regard to environmental liabilities, HBR case solution

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