E96 Signed, Sealed, Liable: The Realities of Opinions of Counsel
In this episode, host Sloan Simmons joins Public Finance Chair Daniel Maruccia and Municipal and Governance Co-Chair Mary Lerner to discuss opinions of counsel and their important role relating to bond issuances and related transactions. Dan and Mary discuss the legal parameters applicable to opinions of counsel as well as practical impacts and challenges that can arise in this area of the law.
Show Notes & References
- 1:26 – What are Opinions of Counsel
- 2:26 – Who asks for an Opinion of Counsel and why
- 10:08 – Information needed prior to signing an Opinion
- 12:09 – The seriousness of signing Opinions
- 15:01 – Unqualified v. Qualified Opinions
- 16:19 – Due diligence analysis
- 23:48 – Consequences to being wrong
- 25:39 – Timelines and missing deadlines
- 32:05 – Best practices
As the information contained herein is necessarily general, its application to a particular set of facts and circumstances may vary. For this reason, this News Brief does not constitute legal advice. We recommend that you consult with your counsel prior to acting on the information contained herein.
