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Dalia Foigt – Norvaišienė »

+370 5 2514 305

+370 5 2608 327

d.foigt@regija.lt


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Article by Managing Partner Dr. Dalia Foigt and Associate Vaida Vozgirdaitė appeared in the 2007 edition of The International Comparative Legal Guide to: Environment Law. The article includes selected topics on Lithuanian Environmental legislation and practice and is published and reproduced with the kind permission of Global Legal Group Ltd, London, www.iclg.co.uk. The article may be downloaded by clicking on the following link Chapter on Environment_Law_2007.pdf (189.1 Kb)

Environmental regulation often touches upon the areas of business not directly related to production (industry). The European Union citizens hold the environmental protection at a higher regard than the economic interests. Further, they consider environmental policy to be a drive for innovation rather than hindrance of economic capacity. Therefore both public and private sectors are interested in consultations on legal issues pertaining to the protection, conservation, and utilization of the environment and its elements.

 

Seeking to uphold its reputation within the eyes of investors and consumers, the European business pay special attentions to environmental requirements. Therefore before acquisition of a  company, shares or real estate objects the environmental liability of the target company, its environmental policy and „environment friendly“ image are carefully scrutinized.

 

Regija Borenius offers the following services:

  • assessment of potential environmental liability for environmental breaches;
  • performance of general company legal environmental audit;
  • analysis and assessment of compliance of environmental projects with the requirements of Lithuanian environmental legislation;
  • consultation on various environmental law issues.

 

Amended international standard for environmental management system was made available for usage by Lithuanian business at the end of 2005. ISO 14001:2004 and its 2005 revision is an excellent tool recommended for installing of environmental management systems in companies. Regija Borenius also assess companies' activities in the light of environmental compliance (Environmental Legal Due Diligence).

Representative Transactions

 

  • Regija Borenius, upon request by one of the world leaders in banking and finance - Merrill Lynch, performed Legal Due Diligence of the regulation Emission Trading sector in Lithuania.
  • Regija Borenius consulted one of Europe’s largest operators of retail stores on the issues of liability for historic pollution in the course of acquisition of the real estate for the development of the store chain.
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