Legal Opinion

A legal assessment with clear conclusions
Relevant to various industries and jurisdictions
Confidence in legal compliance
Assurance for banks, partners, and investors

What is included in COREDO’s Legal Opinion?

The legal opinion provided by COREDO generally consists of three parts: descriptive, argumentative and operative.

The descriptive part

The opinion contains a client’s full name, the name of their organisation (if applicable), a brief description of the task assigned to the lawyer and a complete list of all documents submitted by the client.

The argumentative part

Contains an analysis of the issue under consideration from a legal perspective. In this case, the lawyer’s assessment is neither hypothetical nor general. It is supported by detailed reasoning based on specific provisions of the applicable legislation.

The operative part

Contains conclusions that are clear and understandable to the client, based on the analyses conducted. Separately, key recommendations are formulated based on the legal opinion, which the client can take into account when making business decisions.

Types of legal opinions provided by COREDO

Note: Each Legal Opinion is prepared and provided for a single, clearly defined objective within the chosen scope.

Licensing and Regulatory Compliance for Financial Institutions

Purpose: Verifying compliance with the legal framework governing financial entities (EMIs, PIs) and investment companies or other regulated entities.

Scope: Licensing requirements, capital adequacy rules, reporting obligations, anti-money laundering (AML) and counter-terrorist financing (CTF) measures, etc.

Jurisdictions: We primarily focus on companies from the EU, the United Kingdom, and Canada.

Cryptocurrency (CASP/VASP) and Blockchain-Related Legal Opinion

Purpose: Assessment of the legality of crypto-related operations, from token offerings (ICO) to exchanges and wallet services, Assessment of the validity of a company’s license.

Scope: Registration or licensing under relevant law, AML/CTF compliance, securities regulations (where applicable), consumer protection, etc.

Jurisdictions: We primarily focus on companies from the EU, USA, Switzerland, UAE and Singapore.

Betting, Gambling, and Casino

Purpose: Verifying compliance with the legal and regulatory frameworks governing online and offline gambling operations, including licensing requirements, player protection measures, and responsible gambling obligations.

Scope: Assessment of the legality of gambling-related operations (in compliance with a regime supervised by Malta Gaming Authority, UK Gambling Commission, etc), advertising and marketing constraints, anti-money laundering (AML) and counter-terrorist financing (CTF) measures, tax and reporting obligations; any additional jurisdiction-specific regulations.

Jurisdictions: We primarily focus on companies from Malta, the United Kingdom, Gibraltar, the Isle of Man, and Curaçao.

Tobacco Industry Legal Opinion

Purpose: Ensuring that production, distribution, and marketing of tobacco products meet regulatory requirements.

Scope: Labeling and packaging rules, advertising restrictions, excise taxes, licensing for tobacco product sales, health warnings, and any jurisdiction-specific regulations.

Jurisdictions: We primarily focus on companies from the EU.

Wholesale and retail businesses Legal Opinion

Purpose: Reviewing general contractual obligations, corporate structuring, or transactional matters for a variety of commercial enterprises.

Scope: Corporate governance documents, partnership and shareholder agreements, sales and distribution contracts, compliance with local business regulations.

Jurisdictions: We primarily focus on companies from the EU.

The Importance of a Legal Opinion

Clients typically seek a legal opinion to gain clarity on a specific legal issue — such as confirming a transaction’s compliance, verifying the validity of a license, or ensuring conformity with regulatory requirements. A legal opinion not only reduces uncertainty but also provides additional assurance to all interested parties.

It is frequently required by:

Banks and Payment Systems:

Before opening an account, processing transactions, or starting cooperation, banks may request a legal opinion to ensure that a company’s activities comply with applicable laws and regulations.

Investors and Business Partners:

Potential investors or partners often rely on a legal opinion to assess legal risks and ensure compliance before concluding a transaction.

Company Management and Shareholders:

Shareholders and management may use a legal opinion to review specific legal issues and make well-founded decisions, helping to ensure the business’s legal stability.

A well-prepared legal opinion clarifies the legal situation and provides confidence and a reliable basis for making business decisions. COREDO’s Legal Opinion services are essential for any organisation aiming to secure its operations and mitigate legal risks. By working with our team, you gain expert advice and practical recommendations to protect your interests. Contact us today to discuss your matter and take the first step toward reliable legal support for your business.

Legal Opinion from COREDO Experts

Nikita Veremeev

CEO

Pavel Kos

Head of the legal department

Grigorii Lutcenko

Head of AML department

Annet Abdurzakova

Senior Customer Success Manager

Basang Ungunov

Lawyer at Legal Department

Egor Pykalev

AML consultant

Yulia Zhidikhanova

Customer Success Associate

Diana Alchaeva

Customer Success Associate

Johann Schneider

Lawyer

Daniil Saprykin

Head of Customer Success Department

By working with COREDO, you benefit from:

Professional Analysis

Expert legal assessment with clear conclusions on a specific issue.

Recognition by Third Parties

A legal opinion accepted by banks, investors, and business partners.

Transparency and Confidence

Provides a clear understanding of legal risks and compliance with applicable laws.

Versatility of Application

Relevant across various jurisdictions and industries, including finance, cryptocurrencies, licensing, and more.

Clear Structure and Practical Value

The opinion includes descriptive, analytical, and concluding sections — focusing only on key insights and actionable recommendations.

FAQ

What is a legal opinion?

A legal opinion is a written expert analysis of a specific legal issue, prepared on the basis of applicable legislation.

When is a legal opinion required?

It is needed when a company must confirm the legality of its activities, transactions, or licenses, assess regulatory risks, or present its legal position to banks, investors, payment systems, or business partners.

What issues does a legal opinion address?

A legal opinion helps clients gain a clear understanding of their legal obligations, identify potential risks, and determine practical steps to mitigate them. It is used to confirm regulatory compliance, reduce legal uncertainty, and build trust with counterparties.

In which industries and jurisdictions does COREDO prepare legal opinions?

COREDO prepares legal opinions for companies operating in financial licensing, cryptocurrencies and blockchain, payment systems, betting and gambling, the tobacco industry, as well as wholesale and retail trade. The primary focus is on jurisdictions such as the EU, the United Kingdom, the United States, Canada, Switzerland, the UAE, Singapore, and certain specialized regulatory regimes.

Who may need a legal opinion and why?

Legal opinions are often requested by banks and payment systems before opening accounts or initiating cooperation, by investors and business partners to assess legal risks, as well as by company management and shareholders for informed decision-making. In such cases, a legal opinion serves as an additional guarantee of a business’s legal reliability.

How long does it take to prepare a legal opinion?

Typically, a standard legal opinion is prepared within one week. Timelines, scope of work, and terms may vary depending on the complexity of the request, while non-standard opinions are handled individually, taking into account the specifics of the business and jurisdiction.