Banks, bailouts, and cleanup bills

Article Abstract:

It is estimated that cleaning up of hazardous waste sites could cost anywhere from $750 million to even more than $1 trillion. These tremendous costs overshadow the EPA funds allocated for cleaning up polluted sites under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) or Superfund. The wide gap between cleanup costs and available funds is stressed by the increasing coverage of lender liability under CERCLA. Although efforts to clarify lender liability under CERCLA at the federal level is minimal, there are initiatives coming from the state levels.

Commercial Banks, Banking industry, Analysis, Lender liability

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OSHA's asbestos regulations: implications for owners and tenants of commercial buildings

Article Abstract:

The Occupational safety and Health Administration has revised its Occupational Exposure to Asbestos Standards to protect workers from the harmful effects of airborne asbestos fibers. The new regulations require communication between employers, employees and owners of buildings that contain asbestos-based construction materials. They also reduce the time-weighted-average permissible exposure limit from 0.2 to 0.1 fiber per cubic centimeters for all asbestos work in all industries.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Occupational Safety Regulation, Occupational safety and health, United States. Occupational Safety and Health Administration, Safety regulations, Asbestos in building, Asbestos building materials

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The treatment of environmental matters in bankruptcy cases

Article Abstract:

Bankruptcy and environmental laws oppose one another. The Bankruptcy Reform Act's reorganization ruling holds that a debtor that has polluted the environment has the right to a fresh start. Environmental laws, meanwhile, imply that businesses must shoulder the costs of public health protection. Those with real properties must be familiar with such environmental matters for adequate protection.

Real Estate, Real Estate and Rental and Leasing, Bankruptcy Law, Other Justice, Public Order, and Safety Activities, Interpretation and construction, Real estate industry, Environmental aspects, Environmental law

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