# Legal opinion (also used in German in this context; less frequently translated as legal opinion)

- Canonical URL: https://www.gerhardmerk.de/legal-opinion-also-used-in-german-in-this-context-less-frequently-translated-as-legal-opinion
- Post ID: 592857
- Modified: 2023-07-25T21:01:00+00:00
- Language: en

## Definition

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. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! 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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1