No Statute of Limitations for Private Contribution Claims Under New Jersey’s Spill Act

By June Y. Lee |   Apr. 15, 2015

Selling a piece of commercial property often requires much negotiation and planning, and generally represents the culmination of a result of a well-reasoned business decision. And at the conclusion of the deal—and depending on the terms—the seller is divesting itself oftentimes of both an asset and liability. But for those sellers who believe that a sale provides an ending of the relationship with a particular property, recently the Supreme Court stated “not so fast.” Reversing the Appellate Court’s decision, the Supreme Court recently determined that there is no applicable statute of limitations, governing environmental contamination in New Jersey.

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Topics : Guidance, Legislation, Agreements & Abatements, Regulation, Commercial Real Estate, Environment, Environmental Law | 0 Comments Read More

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