In relation to the financial market in general, the expert opinion of a specialist lawyer with regard to an engagement, and here in particular with regard to a contractual commitment in a foreign language and in a foreign jurisdiction. – Investment management companies often employ a staff of contract lawyers from the respective jurisdictions; even large institutions often employ legal advisors from different regions of the world. – Sometimes there are also corresponding agreements between globally active institutions. Then the respective partner resident in the country checks the agreement of a foreign partner related to the domestic legal system through the experts of his house. – The high costs of legal advice have recently led to a series of standard-form contracts (model contracts) – usually in English – being drawn up by leading international associations of financial market players for almost every common transaction and used as a basis for such transactions. – See European Master Agreement, International Swaps and Derivates Association, leveraged buy-out risks, choice of law, conflict of law.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/