Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Opinions definition

What does Opinions mean? In legal practice, an EU opinion is a formal, non‑binding statement by an EU institution or body expressing its assessment or advice on a legal or policy issue and suggesting (but not imposing) a course of action. Article 288 TFEU provides that recommendations and opinions have no binding force. Opinions is addressed to Member States, EU institutions, businesses or individuals, and are commonly issued by the European Commission, the Council, the European Parliament or the European Central Bank. They are frequently cited as persuasive authority, can influence administrative and legislative choices, and may fulfil consultation or procedural requirements in EU...

English law opinions for MTN programmes: scope, structure, assumptions, reservations and updating

Published by a LexisNexis Banking & Finance expert

Practice notes

What is a legal opinion and when are they given?

A legal opinion is a formal statement setting out a considered view on points of law relevant to a transaction. As outlined below, such opinions usually address several different facets of the transaction at hand, and the breadth and depth of the opinion will differ on a case-by-case basis. This Practice Note concentrates on opinions concerning matters of English law. Transactions that involve parties or assets situated in different locations will commonly require multiple legal opinions, each dealing with issues pertinent to the relevant jurisdiction. Historically, English lawyers have given formal legal opinions only to their own clients and have been notably hesitant to issue opinions for the benefit of third parties, particularly where that third party is represented by English counsel. This position reflects the view that another party should ordinarily obtain whatever legal comfort it needs on English law from its own advisers. Furthermore, where a firm supplies a legal opinion to someone to a transaction who is not its client, it must be satisfied that giving such an opinion does not breach the applicable rules of professional conduct and that providing the opinion complies in full with those professional...

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Web page updated on 22/05/2026

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