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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.
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