Brownfields / Environmental Due Diligence

Steptoe has extensive experience in representing clients in the purchase and sale of contaminated and environmentally distressed properties, helping to minimize our clients’ chances of significant environmental liability.

Acquisitions & Divestitures
We arrange and participate in environmental audits related to property or corporate acquisitions and divestitures.  For example, we represented a client in an audit that involved 26 commercial facilities in 12 states with a transaction value of $500 million.  We frequently perform the environmental portion of pre-acquisition due diligence reviews and draft transactional documents to clearly define environmental responsibility. 

Redevelopment of Contaminated Land
We are active in negotiating liability agreements providing for the redevelopment of contaminated land (i.e., Brownfields).  We represent both buyers and sellers of Superfund sites.

European Issues Arising Out of Contaminated Property
As part of our broader legal and due diligence assistance on corporate transactions, we advise clients on the environmental risks accompanying acquisitions and divestiture, as well as ongoing industrial activity, in Europe.