English opinion letters on financial documents: reconciling the UK and US approaches in cross-border transactions

English opinion letters on financial documents: reconciling the UK and US approaches in cross-border transactions

The City of London Law Society (CLLS), whose members include some of the largest international law firms in the world, has updated its guide to questions to be addressed when providing English law opinion letters in financial transactions. The guide aims to save time and costs spent discussing which law firm should provide an opinion letter, what it should cover and who may rely on it. An abridged version of the guide appeared in the January 2012 issue of JIBFL ((2012) 1 JIBFL 7). It is widely consulted for guidance by practitioners and the updated version is available at www.citysolicitors.org.uk.

In this article, Geoffrey Yeowart, a consultant and former partner of Hogan Lovells International LLP, London, and chairman of the CLLS Working Party looks at the CLLS guide. Click here to read the article.

Related Articles:
Latest Articles:
About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.