Due Diligence Risk Assessments (DDRAs) are increasingly becoming the “go-to” approach by Pinchin’s Property Management and Investment clients, for obtaining financing or supporting the environmental site assessment work for transactional agreements. A Due Diligence approach can give the same level of comfort as a risk assessment (RA) done for Regulatory purposes, without the extensive time required for regulatory review. Alternatively, a DDRA can be pared down in scope, to address specific issues that lenders, lawyers, potential buyers and insurers are concerned about. However, there remains some confusion within the industry as to the similarities and possible discrepancies between the two types of RAs.
On Friday, November 27th, Pinchin Ltd’s National Risk Assessment Lead, Dr. Theresa Phillips & Senior Risk Assessor, Edyta Chorostkowska, were joined by special guest Janet Bobechko, Partner at WeirFoulds LLP, to discuss the differences between Due Diligence Risk Assessments (DDRA) and Regulatory Risk Assessments (RA) for Record of Site Condition (RSC) Purposes.
Webinar Panel of Experts
Dr. Theresa Phillips, Ph.D., M.Sc., B.Sc.
National Risk Assessment Lead, Environmental Due Diligence & Remediation, Pinchin Ltd.
Edyta Chorostkowska, M.Env.Sc., EP, QPRA
Senior Risk Assessor, Environmental Due Diligence & Remediation, Pinchin Ltd.
Partner, Environmental Law and Corporate & Commercial Practices, WeirFoulds LLP