Jurisdiction(s):
United Kingdom

Key definition

Transaction definition

What does Transaction mean? A transaction describes a legally binding dealing or arrangement by which assets, securities, services or obligations are created, transferred, varied or extinguished, whether as a single step or a series of steps. In practice this includes corporate acquisitions and disposals, real estate conveyancing, lending and taking security, restructurings, derivatives and other commercial dealings. In capital markets, a transaction commonly means the purchase, sale, subscription or underwriting of a particular investment. The term is a descriptive umbrella used across multiple legal contexts rather than a term with a single statutory meaning. Specific legislation, regulatory rules and contracts may define “transaction”...

English law legal opinion template for ship finance with statutory ship mortgage security

Published by a LexisNexis Banking & Finance expert

Precedents

[ Headed notepaper of Law firm issuing the opinion ]

[ insert name and address of Lender ]

[ insert date ]

Dear [ insert name of Lender ]

Facility Agreement dated [ insert date ] made between [ insert name of lender ] (the Lender) and [ insert name of borrower ] (the Borrower) (the Facility Agreement)

We refer to clause [ insert number of clause which requires delivery of legal opinion ] of the Facility Agreement, which requires the delivery of a legal opinion. This opinion is provided in satisfaction of that requirement.

Unless expressly defined in this opinion, terms defined in the Facility Agreement carry the same meanings when used herein.

This opinion is governed by English law and is subject to the exclusive jurisdiction of the courts of England.

1 Background

1.1 This opinion concerns the English law aspects of a Transaction (the Transaction) pursuant to which [ insert description of transaction ].

1.2 We have acted as English law legal advisers to [ insert name of clients ] in connection with the Transaction...

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Web page updated on 22/05/2026

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