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U.S. vs. EU Opinion Practice in Finance: Assumptions, Exceptions, Enforceability; Mitigating Opinion Giver’s Risks

A live 90-minute premium CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Tuesday, June 18, 2024 (in 3 days)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

(Alert: Event date has changed from 6/6/2024!)

or call 1-800-926-7926

This CLE course will provide a framework for U.S. attorneys to give opinions in cross-border transactions, including enforceability, authority, choice of law, the golden rule, misleading opinions, and more. The panel will discuss how differences in custom and practice between U.S. and non-U.S. lawyers can affect these opinions and the assumptions, exceptions, and qualifications that should be incorporated.


As international transactions have become more common, so have requests for legal opinions dealing with cross-border issues. These opinions often raise legal issues that do not arise in, or are different from, those that arise in domestic transactions. Differences in legal practices and legal systems easily lead to misunderstandings. This webinar will discuss means for dealing with these issues, including assumptions, exceptions, and qualifications to facilitate and ease the process of rendering cross-border legal opinions.

The webinar will also discuss particular opinion issues that are dealt with in cross-border transactions, including the enforceability of contracts governed by foreign law, choice of law, arbitration, the legal authority of U.S. parties, qualification requirements of non-U.S. parties, no violation of U.S. or state law, and the meaning of customary practice in the international context.

The panel will address many of the topics addressed in the ABA's "Cross-Border Closing Opinions of U.S. Counsel," (the ABA Report).

Listen as our authoritative panel discusses the issues presented in cross-border legal opinions.



  1. Differences in legal custom and practice in cross-border transactions
  2. Opinions frequently requested and suggestions on how to address
    1. Enforceability based on "as-if" assumption of U.S. law--to be avoided
    2. Choice of non-U.S. law as the governing law
    3. International arbitration: enforceability of the agreement to arbitrate
    4. Cross-border litigation; recognition of foreign judgments, Hague Convention
    5. Entity status and authority
    6. No breach or default
    7. No violation of U.S. laws
    8. Sovereign immunity
  3. No requirement to qualify to do business in the U.S.
  4. Assumptions, exceptions, and qualifications for cross-border opinions


The panel will review these and other key issues:

  • In what ways might U.S. legal opinion custom and practice differ from other countries?
  • What is the typical scope of a cross-border opinion and what opinions are required?
  • What suggestions does the ABA Report provide regarding facilitating better understanding and reducing the opinion giver's risk?


Bidwell Jr., J. Truman
J. Truman Bidwell, Jr.

Sullivan & Worcester

Mr. Bidwell is the co-chair of the Firm’s Opinions Committee. His practice is focused in the areas of...  |  Read More

Chin, Sylvia
Sylvia Fung Chin

Partner Of Counsel
White & Case

Ms. Chin is a senior lawyer in corporate and commercial financing, with an emphasis on asset-based financing...  |  Read More

Santucci, Ettore
Ettore A. Santucci

Goodwin Procter

Mr. Santucci chairs the Firm's Capital Markets Group and co-chairs the REITs and Real Estate M+A Group. He...  |  Read More

van Schilfgaarde, Elizabeth
Elizabeth van Schilfgaarde

Managing Partner

Ms. van Schilfgaarde is Managing Partner of NautaDutilh's New York office. She serves as Dutch counsel in a wide...  |  Read More

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You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

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