Our expert professionals are often requested to provide commercial legal opinions
We provide legal opinions to commercial banks, corporate lenders, and high net worth individuals.
Also called an opinion letter, Isle of Man legal opinions are often sought from an advocate to confirm the capacity, incorporation and existence of a legal entity and the ability of the legal entity to enter into transactions and documents. For a typical opinion we will search the public registers at the Isle of Man Registries and carry out company searches.
Legal Opinions | Definition
Legal opinions are written statements by an advocate, judicial officer, legal expert or a court as to the meaning and/or implications of a commercial provision, term, contract or situation generally.
Purpose of Legal Opinions
To satisfy contractual agreements
This is common when the opinion is issued for among other occasions, to an investor concerning the sale of securities
Lawfulness of an action
Opinions are given when you want to know if an action is lawful or if the action will lead to desired legal consequences.
They also address the question raised by other professional. They, therefore, provide an authoritative basis for reports, opinions, and reports on matters where other professionals lack the professional capability to make judgments.
Satisfy regulatory requirements
This is another purpose when requested as part of a regulatory investigation or justification.
Legal Opinions | What we do
In a cross-border transaction, we may be requested to provide a legal opinion on whether a transaction document is valid and enforceable in the Isle of Man and complies with local law. Isle of Man legal opinions are also often requested in connection with property transactions and where companies are borrowing funds and granting security over assets.
Being situated close to the Islands courts and Registries we have a fast turnaround time for the provision of legal opinions.