Real Property & Financial Services

A Section of the Hawaii State Bar Association

January 2018 Brown Bag Lunch and Learn

Posted by on Jan 12, 2018

Local Counsel Opinions

Presented by Raymond S. Iwamoto, Esq., Schlack Ito, A Limited Liability Law Company

Date/Time: Friday, January 19, 2018 at 12:00 – 1:00 p.m.
Place:           HSBA Conference Room (1100 Alakea Street, 10th Floor, Honolulu, Hawaii 96813)

Hawaii real estate attorneys often provide third party legal opinions in connection with loan transactions. This practice continues to evolve. Today there are considerable written resources to assist the opinion giver in rendering these opinions. The RPFSS has endeavored to provide assistance to Hawaii attorneys giving such opinions since 1986 and published the Hawaii 2000 Report which guides counsel in transactions involving local borrowers with local banks. This presentation will focus on mainland borrowers borrowing money from mainland banks where Hawaii real estate is involved. When Hawaii attorneys are asked to provide a local counsel opinion, there should be a clear division of labor between the opinions to be provided by lead counsel from the mainland and the Hawaii counsel acting as local counsel. This presentation will provide an overview of this division of labor with a focus on providing opinions only on those loan documents (or parts thereof) that are subject to Hawaii law and recommendations on how to provide such local counsel opinions.

To register for this Brown Bag (Live), please CLICK HERE.

To register for this Brown Bag (Live Webcast), please CLICK HERE.

The handouts for this presentation can be found by CLICKING HERE.