Opinions required for a secured bond issue
Produced in partnership with Peter Green and Jeremy Jennings-Mares at Morrison & Foerster

The following Banking & Finance practice note produced in partnership with Peter Green and Jeremy Jennings-Mares at Morrison & Foerster provides comprehensive and up to date legal information covering:

  • Opinions required for a secured bond issue
  • Scope of opinion
  • Structure of opinion letter
  • Nature of security granted
  • Matters typically opined on relevant to security
  • Typical assumptions
  • Type of security—mortgages
  • Type of security—charges
  • Registration of security
  • Future property
  • More...

Opinions required for a secured bond issue

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for DCM lawyers?

STOP PRESS—Coronavirus (COVID-19) and registration of charges at Companies House: The content of this Practice Note is affected by the Companies etc (Filing Requirements) (Temporary Modifications) Regulations 2020, SI 2020/645 (the Regulations), which temporarily extend some deadlines for filing documents or notices with Companies House. In so far as it may affect the content below, the Regulations:

  1. extend the period for filing charges under section 859A of Companies Act 2006 (CA 2006) from 21 days to 31 days beginning with the day after the date of creation of the charge

  2. extend the period for registration of instruments of alteration of floating charges granted by Scottish companies under section 466 of the Companies Act 1985, and

  3. increase to 42 days the period for notification of the place where copies of instruments creating charges are kept

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