Volume 6, Issue 4
The purpose of requiring borrower's counsel to issue an opinion letter to the lender in commercial real estate is to confirm the due diligence.
The Spring 2022 Meeting of the Working Group on Legal Opinions Foundation (WGLO) wrapped up on May 10, 2022, after a series of sessions spanning from May 3 to May 10, 2022.
Highlights from the 2019 survey on law firm opinion practices from the recently published The Business Lawyer magazine, featuring responses from firms of all sizes across many geographical areas.
The article identifies three types of customarily excluded laws that are normally excluded from third-party legal opinions.