New starters asset purchase transactions collection (EHS issues)—due diligence stage

Copyright © 2025 LexisNexis
Produced in partnership with Irwin Mitchell
Practice notes

New starters asset purchase transactions collection (EHS issues)—due diligence stage

Copyright © 2025 LexisNexis

Produced in partnership with Irwin Mitchell

Practice notes
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In the Due diligence phase the buyer’s lawyers and other advisers have the opportunity to investigate the legal, technical and financial performance of the target business.

The purpose of environmental due diligence is to:

  1. •

    assess the risk of inheriting any Contaminated land Liabilities associated with properties

  2. •

    find out if any environmental permits need to be transferred to the buyer, or if new permits need to be applied for

  3. •

    identify material non-compliance with environment, health and safety (EHS) law or environmental permits or capital expenditure requirements that the buyer may become responsible

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Jurisdiction(s):
United Kingdom
Key definition:
Due diligence definition
What does Due diligence mean?

Due diligence means that all reasonable precautions were taken and all due diligence was exercised to avoid the commission of the offence. This requires the defendant to produce evidence of the system and procedures it has devised in an effort to avoid unfair practices.

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