Foreign Legal Opinion

Raina & Raina provides foreign legal opinion in cross-border commercial transactions certifying the effectiveness of the transaction under the applicable foreign law.

Foreign legal opinions have become highly standardized over time, and most foreign legal opinions follow a fairly regimented format. Primarily, when doing business with a corporation formed in a foreign country, proper due diligence is required, for that, a legal opinion is sought to ensure that the relevant foreign company had the necessary capacity and power to enter into the transaction and that it would be binding upon it.

Raina & Raina covers related aspects of foreign law, such as whether payments might be subject to exchange controls or usury laws, whether it was necessary for any of the other parties to hold any licenses or permits under the regulatory laws of the foreign country, whether there would be adverse tax consequences under the laws of the foreign country, whether foreign judgments were recognized and enforced in that country other collateral matters.