Environmental Due Diligence--EPA's Proposed "All Appropriate Inquiry" Rule


On August 26, 2004, EPA proposed a new rule for “all appropriate inquiry” under Superfund, which will change how parties engaged in transactions involving real estate perform environmental due diligence.  “All appropriate inquiry” is one of the prerequisites for qualifying for three important Superfund defenses.  Comments on the proposed rule must be submitted on or before October 25, 2004.

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