In most international business transactions involving parties from the united states and foreign countries legal opinions are requested from counsel admitted in the country of the foreign party foreign counsel through these legal opinions the party in the united states seeks foreign counsels professional opinion that the legal assumptions. Sponsored by the banking law committee e of the international bar associations section of business law this is the fourth edition of a definitive work the result of extensive discussions at many iba conferences of lawyers worldwide who provide commentary on a multitude of issues which may arise in the process of rendering legal opinions in international transactions. Get this from a library legal opinions in international transactions report of the subcommittee on legal opinions of the committee on banking law of the section on business law of the international bar association michael gruson stephan hutter michael kutschera international bar association subcommittee on legal opinions. Volken paul legal opinions in international transactions in sarcevic volken eds international contracts and payments london 1991 at 125 et seq. A foreign legal opinion or foreign law opinion is an opinion of a law firm issued in cross border commercial transactions certifying the effectiveness of the transaction under the applicable foreign law foreign legal opinions have become highly standardised over time and most foreign legal opinions follow a fairly regimented format
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