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CERCLA and Tenants as Bona Fide Prospective Purchasers: Obtaining and Maintaining BFPP Status

A live 90-minute CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Tuesday, November 19, 2024

1:00pm-2:30pm EST, 10:00am-11:30am PST

Early Registration Discount Deadline, Friday, October 25, 2024

or call 1-800-926-7926

This CLE webinar will provide guidance to counsel on the steps lessees should take before and after executing a lease to qualify for and maintain eligibility for protection as a bona fide prospective purchaser (BFPP) under CERCLA. The panel will examine the EPA's latest enforcement guidance and actions.

Description

Under CERCLA, tenants may be held responsible for preexisting contamination under certain conditions. However, the EPA will exercise enforcement discretion on a site-specific basis and treat certain tenants as BFPPs even when the owners of the contaminated property do not themselves qualify for or maintain a BFPP status.

Counsel must understand the necessary requirements and conditions for tenants to obtain or "derive" BFPP status from owners who qualify as BFPPs, and to maintain BFPP status even if an owner ceases to qualify as a BFPP, and the impact of various EPA guidance and policy statements, including EPA’s new PFAS enforcement discretion policy.

Listen as our panel of experienced environmental attorneys explains the EPA enforcement guidance and case law and analyzes the steps for lessees to qualify for and maintain eligibility for protection as a BFPP -- both before and after executing a lease.

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Outline

  1. Liability under CERCLA for tenants
  2. Overview of the BFPP defense, including new PFAS enforcement discretion
  3. Derivative BFPP status for tenants
  4. Direct BFPP status for tenants
  5. Relevant EPA Guidance and policies
  6. Best practices for tenants to obtain or maintain BFPP status

Benefits

The panel will review these and other key issues:

  • How can tenants become responsible for preexisting on-site contamination?
  • How can tenants obtain and maintain direct BFPP status?
  • How can tenants obtain and maintain derivative BFPP status?

Faculty

Adam H. Cutler
Adam H. Cutler

Counsel
Fox Rothschild

Mr. Cutler advises clients on environmental compliance and transactional matters and routinely handles permit appeals,...  |  Read More

Davis, Karen
Karen H. Davis

Partner
Fox Rothschild

Ms. Davis is Co-chair of the firm's Environmental, Social and Governance (ESG) Practice Group, she advises...  |  Read More

Attend on November 19

Early Discount (through 10/25/24)

Cannot Attend November 19?

Early Discount (through 10/25/24)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

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