Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts
View More View Less

Assumptions checklist for English law legal opinions in unsecured bilateral loan transactions, with secured and cross-border supplements

Checklists
imgtext

This Checklist concerns English law legal opinions customarily delivered by a lender’s solicitors as a condition precedent to drawdown of a loan facility. It proceeds, in particular, on the basis that the facility is bilateral, the lending bank is incorporated in the UK (United Kingdom) as lender, and the addressee of the opinion is the Lender, being the law firm’s client. It further proceeds on the footing that the Borrower is a company incorporated in England and Wales, the transaction documentation, upon which the opinion is given, is governed by English law, and the underlying loan is unsecured, without any security interests being taken. For assumptions typically included where security is granted, or where the transaction has a cross‑border element, see Additional assumptions to be considered where the loan is secured and Additional assumptions to be considered where the transaction has a cross‑border aspect below. It forms part of a set of checklists relating to legal opinions. The other Checklists are as follows:

  • English law legal opinion-qualifications checklist, and
  • Checklist for reviewing a foreign law legal opinion

The purpose of assumptions in a legal opinion

A legal opinion is founded on specified assumptions, addressing matters that the law firm cannot...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
Charles Kerrigan
Charles Kerrigan

CMS

The Blockchain Industry Landscape Overview in 2018 named Charles as one of the UK’s leading influencers on blockchain. He is the UK’s “recommended lawyer” for blockchain and digital technology in the UK Parliament Hub.He is a lawyer specialising in finance and technology. He works on corporate finance and venture capital fundraising transactions for companies, funds, platforms and financial institutions. He works on consulting projects on blockchain, digital assets, AI and automation/transformation for public bodies, policy makers, standards institutions and corporations.Charles sits on the Bank of England’s Financial Markets Law Committee on Virtual Currencies; he is a board member of the Innovators Board at the Big Innovation Centre, named Think Tank of the Year 2019.He sits on the advisory boards of the UK All Party Parliamentary Group on Artificial Intelligence (APPG AI) and the UK All Party Parliamentary Group on Blockchain (APPG...

Web page updated on 27/05/2026

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow