Differences Of Opinion

In most complex commercial transactions ' mergers, acquisitions, loans and other financings ' the seller's or borrower's counsel is called upon to provide an opinion letter. The letter typically addresses various matters of interest to the buyer or lender, including any exposure to litigation, government inquiry or other proceedings that might have an impact on the value or viability of the client's business. Increasingly, when something goes wrong with the transaction, aggrieved buyers and lenders are seeking recourse, not just against the seller or borrower, but also against the law firm that wrote the opinion letter. <br/>What happens when a law firm provides an opinion letter that is later found to have errors or omissions?

22 minute read August 01, 2005 at 10:33 AM

Richard M. Zielinski

In most complex commercial transactions ' mergers, acquisitions, loans and other financings ' the seller's or borrower's counsel is called upon to provide an opinion letter.

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Differences Of Opinion

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Real Property Law

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California’s AI Transparency Stack: From State Obligation to Adoption Strategy