Introduction
It is important to recognise that there is no single approach that can be applied to any given situation in terms of the provision and delivery of financial provision. The interaction between company law, insolvency law and environmental law is complex and differs between countries. Mechanisms which work in one jurisdiction may pose unexpected problems in another due to differences in a range of factors, including legal traditions as well as national legislation. In addition, the mechanisms that are available may vary. Other factors that determine the types of mechanisms that are acceptable to regulators may include the nature of the environmental liability (foreseen or unforeseen), the financial profile of the liability, the nature of the operation and the experience of the regulator with that particular type of measure. Users of this guide are advised to establish these facts for their country, industry, operator and liability.