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U.S. vs. EU Opinion Practice in Finance: Reconciling U.S. Customary Practice With Non-U.S. Expectations
When: June 18, 2024
Location: Strafford Webinar
People: J. Truman Bidwell, Jr

Truman Bidwell was a panelist at a Strafford webinar, "U.S. vs. EU Opinion Practice in Finance: Reconciling U.S. Customary Practice With Non-U.S. Expectations," on June 18, 2024.

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.

Truman discussed how to deal with these issues, including assumptions, exceptions, and qualifications to facilitate and ease the process of rendering cross-border legal opinions. He also spoke on 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.