Opinion Practice

New York State by statute permits most commercial contracts where consideration is not less than $250,000 to be governed by New York law, even in cases where no “contacts” with New York State validate such a choice of law. EVW, in appropriate circumstances and after proper due diligence and any necessary legal research, will provide formal New York legal opinion letters, often required by lenders and parties in M&A transactions, for clients whether or not EVW has represented the particular client in the underlying transaction, especially in cases where non-U.S.-based parties are concerned or where the client’s primary counsel is unable to render the necessary New York legal opinion, usually for lack of a New York qualified attorney. Where the client is a Delaware corporation or limited liability company, the legal opinion, with proper backup documentation and with customary qualifications, can cover due formation and existence of the client entity.

 

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