Offshore Legal Opinions in Loan and Security Transactions

It is now 10 years since Sweet & Maxwell first published “Offshore Legal Opinions in Loan and Security Transactions“, ed Andrew Bridgeford, a text which offered invaluable assistance both to lawyers and to bankers in drafting, negotiating and evaluating legal opinions on loan and security transactions entered into by offshore entities.

More details about the book can be found at http://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?productid=16145&recordid=845

Surely the time has now come for the book to be updated, by way of a second edition?

For those who may not be familiar with the book’s editor, Andrew Bridgeford is currently a Consultant with Mourant Ozannes in Jersey, who was also a Senior Visiting Research Fellow earlier this year at the Law School of the University of Sussex, researching the principle of capital maintenance in company law. https://www.mourantozannes.com/people/andrew-bridgeford-consultant.aspx

In case readers have a particular interest in reading offshore legal opinions (to cure insomnia, perhaps?), there are some available online.

These include the various Opinions published by the Futures Industry Association, ISDA, ICMA, and SIFMA:

There are also a variety of opinions published by the SEC, with respect to SEC registration applications. See, for example:

https://www.sec.gov/Archives/edgar/data/1402902/000119312507177645/dex51.htm

https://www.sec.gov/Archives/edgar/data/1442596/000119312510260191/dex51.htm

https://www.sec.gov/Archives/edgar/data/913144/000119312510060659/dex52.htm

https://www.sec.gov/Archives/edgar/data/1526160/000119312513018024/d427003dex51.htm

For more background on the role and function of offshore legal opinions in loan and security transactions, see:

https://en.wikipedia.org/wiki/Foreign_legal_opinion

 

 

 

 

 

 

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