Courts ‘should be wary of [liquidator] disclaimers where environmental liabilities are to be passed onto taxpayers or innocent persons’
A court has set aside liquidators’ disclaimer of contaminated property on a challenge by the environmental regulator. Particularly in a voluntary liquidation of a company, the Court said it should discourage the use of that process as a means to avoid the company’s environmental responsibilities. Ultimately however, environmental responsibilities are better enforced earlier, than at […]
