Instructing and managing foreign counsel

Given the cross-border nature of many acquisition finance transactions, it is common for the principal legal advisors for lenders and borrowers to need to instruct foreign lawyers to provide advice on foreign law.

This guidance note gives practical advice on instructing and managing foreign counsel and covers:

• • the role of foreign counsel;
• • instructing foreign counsel as principal legal advisers for the lender or borrower; and
• • the role of the principal legal advisers in managing foreign counsel.

See Instructing and managing foreign counsel.