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Legal Opinion in India

Legal opinion in India is commonly used in a variety of situations. To say, if you want to do a cross-border transaction, you could obtain a legal opinion from lawyers whether a transaction document is valid and enforceable in that particular jurisdiction where you want to do the transaction and how it complies with the local law.<br>

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Legal Opinion in India

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  1. Legal Opinion in India www.pathlegal.in

  2. Legal Opinion in India A written explanation that follows an order or ruling in a case by a judge or group of judges is normally called a legal opinion. Usually opinions are published according to the direction of the court.  If a court decides to publish an opinion, it is included in a volume from a series of books called law reports.  In common law legal systems, the published opinions of courts are also referred to as case law, which is one of the major sources of law. This kind of opinion explains what the case is about, and also discusses the relevant legal principles, in order to apply the law to the facts so that can reach a ruling in favor of one side. Modern judicial opinions reflect hundreds of years of history and practice and that actually follow a simple and predictable formula.

  3. Opinion Letter In International jurisdiction, legal opinion is also called as an opinion letter. The opinion in a letter from issued by lawyers regarding legal conclusions and analysis of a transaction or matter which is referred to the addressee of the opinion. The actual purpose of the legal opinion is to inform the addressee the legal effect of the matter. Also he/she can identify the risks and accordingly can consider further and evaluate. Legal opinion in India is commonly used in a variety of situations.  To say, if you want to do a cross-border transaction, you could obtain a legal opinion from lawyers whether a transaction document is valid and enforceable in that particular jurisdiction where you want to do the transaction and how it complies with the local law.

  4. If the transactions involve multiple jurisdictions where the governing law of the documentation is English law, then a combination of both foreign and English law legal opinions may be required. The lawyers in the relevant jurisdictions will need to ensure that together the legal opinions opine on all relevant matters in such circumstances.  A legal opinion may be required in finance transactions, to satisfy certain conditions precedent in the transaction documents. 

  5. It is usually required by the lenders to give them reassurance that the legal effect of lending in the transaction concerned is what they expect it to be. Even in bond issues also legal opinions are used.  The issuer's lawyers may need to provide a legal opinion to the managers of the bond issue, in order to provide comfort to them that the terms and conditions of the bonds do not disregard any laws. A legal opinion is not a substitute for legal advice which, in a transactional context, is likely to be more pervasive.

  6. You can get more information about Legal opinion in India, in the below mentioned link. http://www.pathlegal.in/freelegaladvice.php

  7. Thankyou……. www.pathlegal.in

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