This resource is provided by ACSA Partner4Purpose Lozano Smith.
In this episode of Lozano Smith’s Let’s Talk podcast, host Sloan Simmons joins Public Finance Chair Daniel Maruccia and Municipal and Governance Co-Chair Mary Lerner to discuss opinions of counsel and their important role relating to bond issuances and related transactions. Dan and Mary discuss the legal parameters applicable to opinions of counsel as well as practical impacts and challenges that can arise in this area of the law.
Show Notes & References
1:26 – What are Opinions of Counsel
2:26 – Who asks for an Opinion of Counsel and why
10:08 – Information needed prior to signing an Opinion
12:09 – The seriousness of signing Opinions
15:01 – Unqualified v. Qualified Opinions
16:19 – Due diligence analysis
23:48 – Consequences to being wrong
25:39 – Timelines and missing deadlines
32:05 – Best practices
