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Lending — Checklist for steps to be taken before issuing a legal opinion
| Introductory note: |
| A legal opinion is a letter that sets out opinions as to matters of law. The most common uses of a legal opinion include as a documentary conditions precedent, and in restructuring and insolvency scenarios. This checklist sets out the key steps to take before legal practitioner circulates a draft to the lender (or lenders) for approval, or issues the legal opinion in final form immediately prior to signing the transaction documents or advancing any funds. |
| Links to related content: |
| Legal opinions — the essentials |
