Food or Drug Laws
Laws Commonly Excluded from the Coverage of Third-Party Legal Opinions in U.S. Commercial Loan Transactions
Gail Merel (Reporter), A. Mark Adcock, Robert W. Barron, Willis R. Buck, Jr., Jerome A. Grossman, Louis G. Hering, Timothy G. Hoxie, Andrew M. Kaufman, Reade H. Ryan, Jr., Philip B. Schwartz, and Stephen C. Tarry, 76(3): 889-926 (Summer 2021)
Often as a condition to the closing of loan transactions, borrowers are expected to have their counsel provide written opinions to the lenders addressing the enforceability and legality of the borrowers’ obligations under the loan documents. In doing so, the opinion givers are not expected to address all laws that may be applicable.