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Advanced Transactional Due Diligence With ASTM Environmental Assessment Standards

ASTM International, a leading standards development organization, publishes numerous guides and practices that can facilitate environmental due diligence for corporate and real estate transactions. Due diligence is often complicated by inconsistent understandings and expectations among stakeholders including buyers, sellers, lenders, insurers and environmental professionals. Because ASTM standards are developed through a consensus process that synthesizes just such diverse viewpoints. They provide due diligence participants with a common frame of reference, clear terminology, and orderly methods. Perhaps best known is ASTM Standard Practice E1527-05 for Phase I environmental site assessment. In addition, however, Standard Practice E1903-11 for Phase II assessments is referenced in EPA brownfield grant guidelines, and other ASTM standards address issues such as post-purchase continuing obligations, vapor encroachment screening and the performance of streamlined "transaction screens." This OnDemand Webinar will explore ASTM standards useful in the due diligence context, provide a unique inside perspective on the standards development process, and highlight recent developments and current initiatives in standards revision.


Runtime: 93 minutes
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Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

ASTM Environmental Site Assessment Standards: Overview

  • The ASTM Consensus Process for Standard Development
  • Using ASTM Standards for Site Assessment and Other Due Diligence Tasks
  • "All Appropriate Inquiry" and Other Benefits for Buyers, Sellers, Lenders and Insurers

Case Study: Phase II Environmental Site Assessment

  • E1903-11 Revision and Republication: Process, Issues and Synthesis
  • Using the Standard
  • Lessons for Getting the Most From Phase II Investigation

Current Developments in ASTM Environmental Assessment Standards

  • E1527-05 Revision: Issues, Resolutions and Status
  • Newer Standards: Continuing Obligations, Vapor Screening
  • E1528 Transaction Screen
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on July 17, 2013.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Christopher P. McCormack, Esq.

Christopher P. McCormack, Esq.

Pullman & Comley LLC

  • Member, Pullman & Comley, LLC
  • Practice includes due diligence support for environmental aspects of corporate and real estate transactions, extensive litigation experience in environmental cost recovery and environmental insurance coverage litigation, including lead counsel responsibility for PRP coalitions at Superfund sites, and complex commercial litigation
  • Chair, ASTM Task Group for ASTM E1903-11, “Standard Practice for Environmental Site Assessments: Phase II Environmental Site Assessment Process;” Member and Former Membership Secretary of ASTM Committee E50 on Environmental Assessment, Risk Management and Corrective Action
  • Author and speaker on environmental topics, including guest lectures at the City College of New York on the ASTM Phase II standard. Author of “The ASTM Standard for Phase II Environmental Site Assessments,” published in Bloomberg BNA , “Daily Environmental Report” and recognized by the Burton Awards for excellence in legal writing in 2013
  • Legislative liaison and former Chair (2015-2017) of the Environmental Section of the Connecticut Bar Association
  • Listed in Chambers USA, Best Lawyers in America, Super Lawyers; fellow of the American Bar Foundation; Life Fellow of Connecticut Bar Foundation
  • Graduate of Yale University and Fordham Law School
  • Can be contacted at [email protected] or 203-330-2016
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Product ID: 390771
Published 2013, 2019
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