COREDO > Business support > Legal Protection for Business in Europe > Legal Opinion

Legal Opinion

Expert Legal Assessment for Regulated Companies, Banks, and Investors

A legal opinion is an expert assessment prepared by a qualified lawyer that helps identify obligations, assess risks, and support informed decision-making. It is required by banks, investors, and company management to evaluate risks before cooperation or transactions, reduce uncertainty, and provide a reliable basis for decisions across jurisdictions.

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Cost of the service
from 500 EUR

Our Services: Types of Legal Opinions

COREDO prepares legal opinions in five specialised practice areas, each tailored to the specific regulatory framework of the client’s industry:

Licensing and Regulatory Compliance for Financial Institutions

Verification of compliance with the legal framework governing EMI, PI, investment firms, and other regulated entities. Covers licensing requirements, capital adequacy rules, reporting obligations, and AML/CFT measures. Primary jurisdictions: EU, United Kingdom, Canada.

Cryptocurrencies (CASP/VASP) and Blockchain

We assess the legality of crypto-related operations, from token offerings (ICO) to exchanges and wallet services. This includes assessment of licence validity, registration or licensing under applicable law, and AML/CFT compliance. We also review securities regulations and consumer protection. CASPs engaged in payment-related activities involving EMTs must hold PSD2 authorisation from 2 March 2026, creating demand for regulatory clarity. Primary jurisdictions: EU, USA, Switzerland, UAE, Singapore.

Betting, Gambling, and Casinos

We verify compliance with the legal and regulatory framework governing gambling activities. We cover both online and offline operations, including licensing, player protection, and responsible gaming. We also assess AML/CFT compliance, tax and reporting obligations, and advertising restrictions. Primary jurisdictions: Malta, United Kingdom, Gibraltar, Isle of Man, Curaçao.

Tobacco Industry

Ensuring that production, distribution, and marketing of tobacco products meet regulatory requirements — labelling, packaging, advertising restrictions, excise duties, licensing, and health warnings. Primary jurisdictions: EU.

Wholesale and Retail Trade

Review of general contractual obligations, corporate structure, and transactional matters for commercial enterprises — governance documents, partnership and shareholder agreements, sales and distribution contracts, and compliance with local trade regulations. Primary jurisdictions: EU.

Each legal opinion is prepared for a single, clearly defined purpose within the selected practice area.

Jurisdictions

COREDO prepares legal opinions for companies operating under various regulatory regimes:

Practice Area	Primary Jurisdictions	Regulatory Focus
Financial Institutions	EU, United Kingdom, Canada	EMD2, PSD2, CRR, national licensing frameworks
Cryptocurrencies / Blockchain	EU, USA, Switzerland, UAE, Singapore	MiCA, national CASP/VASP registration
Betting and Gambling	Malta, United Kingdom, Gibraltar, Isle of Man, Curaçao	MGA, UKGC, national gambling laws
Tobacco Industry	EU	EU Tobacco Products Directive
Wholesale and Retail Trade	EU	National commercial law, EU trade regulations

Comparison: Legal Opinion Structure

Every COREDO legal opinion follows a standardised three-part structure:

Part	Content	Purpose
Descriptive	Client’s full name, organisation, task description, complete list of submitted documents	Establish scope and factual basis
Argumentative	Legal analysis with specific provisions of applicable legislation — not hypothetical or general	Provide evidence-based assessment
Conclusive	Clear conclusions + key recommendations for business decisions	Provide actionable guidance

This structure ensures that every opinion is systematic, legally grounded, and practically useful — meeting the standards expected by banks, regulators, and professional partners.

How We Work

Intake and Scoping

The client describes the legal issue and submits relevant documentation. COREDO’s legal team defines the scope, identifies the applicable jurisdiction and regulatory framework, and confirms the timeline and cost.

01

Legal Research and Analysis

Our lawyers conduct detailed research into applicable legislation, regulatory guidance, and relevant case law. The analysis is specific, not hypothetical — every conclusion is supported by references to specific legal provisions.

02

Drafting and Review

The opinion is drafted according to the three-part structure (descriptive, argumentative, conclusive), then undergoes internal review for accuracy, completeness, and clarity. Quality is assessed against professional standards: independence, timeliness, and actionable recommendations.

03

Delivery and Follow-Up

The final legal opinion is delivered to the client — typically within one week for standard requests. Non-standard opinions with higher complexity are handled individually, with timelines agreed during the intake phase. COREDO remains available for clarifying questions and follow-up support.

04

Our Experts

Nikita Veremeev

Founder & NED Founder of COREDO since 2016. Nikita sets the strategic direction for all legal services and maintains relationships with banks, regulators, and professional partners across multiple jurisdictions.

Pavel Kos

Head of Legal Head of COREDO's legal team since July 2020; with the company since 2017. Pavel leads the preparation of legal opinions across all five practice areas. He manages the legal analysis, drafting, and quality review process. His team handles opinions on financial licensing, crypto-regulatory compliance, and cross-border transaction support.

Why COREDO

Five Specialised Practice Areas.

COREDO prepares legal opinions on financial licensing, cryptocurrencies, gambling, the tobacco industry, and commercial trade. Each opinion is prepared by lawyers with specific expertise in the relevant regulatory framework — not generalists applying a one-size-fits-all approach.

Standardised Three-Part Structure.

Every opinion follows the same rigorous format — descriptive, argumentative, conclusive — ensuring consistency, clarity, and practical value. This structure is specifically designed to meet the expectations of banks, investors, and regulators.

Transparent Pricing from EUR 500.

Standard legal opinions start from EUR 500 with delivery within one week. Non-standard requests are priced individually based on complexity and scope, with costs confirmed before work begins.

Third-Party Recognition.

COREDO legal opinions are accepted by banks and payment systems (for account opening and partnerships), investors and business partners (for risk assessment), and company management (for informed decision-making). A COREDO legal opinion serves as additional confirmation of a business’s legal reliability.

Multi-Jurisdictional Coverage.

From EU and UK financial regulation through US and UAE crypto frameworks to gambling licensing in Malta and Gibraltar — COREDO legal opinions cover the jurisdictions where regulated companies actually operate.

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Case Studies

Case 01Legal opinion for opening an EMI correspondent account.

Challenge: A Lithuanian EMI needed a legal opinion for a German partner bank before opening a correspondent account. The bank required confirmation of compliance with applicable EU regulation.

Solution: Our legal team prepared a comprehensive opinion covering the EMI’s authorisation under EMD2, its EU passporting status, and AML/CFT compliance framework.

Result: The opinion was delivered within 5 business days. The bank approved the account opening within 2 weeks of receiving it.

Case 02PSD2 and MiCA interaction assessment for a CASP.

Challenge: An Estonian CASP providing exchange and wallet services needed to assess whether additional PSD2 authorisation was required. The deadline of 2 March 2026 for EMT-related services was approaching.

Solution: Our analysis identified which services constituted “payment-like” activities under the PSD2–MiCA interaction and which fell under trading and investment categories not requiring separate authorisation.

Result: The opinion was delivered within 5 business days. The company filed for PSD2 authorisation and achieved compliance 3 weeks before the deadline.

Case 03Compliance opinion for a tobacco distributor.

Challenge: A company expanding tobacco distribution in Germany, Poland, and the Czech Republic needed a compliance opinion.

Solution: We prepared a jurisdiction-specific analysis covering labelling, packaging, and advertising requirements under the EU Tobacco Products Directive. We identified two areas where the company’s packaging did not meet local requirements.

Result: The client resolved the non-compliance issues within three weeks and entered the market on schedule, avoiding regulatory sanctions across all three jurisdictions.

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Frequently Asked Questions

How does a COREDO legal opinion differ from due diligence?

Due diligence is a comprehensive review of a company or asset across a broad range of issues: corporate structure, finances, liabilities, litigation risks. A legal opinion focuses on a single specific legal question and provides a qualified answer to that question. If due diligence is a “map of the terrain,” a legal opinion is “an expert conclusion on a specific point on that map.” COREDO provides both tools depending on the client’s needs.

Can one opinion be submitted to multiple banks or partners?

A COREDO legal opinion is addressed to a specific client and describes a specific legal question. In many cases, it can be presented to multiple parties without reworking. If a bank or regulator requires a document addressed specifically to them, COREDO prepares a separate version of the opinion. The intended use is clarified during the intake phase.

How does a legal opinion differ from legal advice?

A legal opinion is a formal written document with legal analysis, prepared according to a standard structure and accepted by third parties — banks, regulators, and business partners. Legal advice is typically oral or informal and carries no formal evidentiary weight. Banks and investors require specifically an opinion — a document that can be referenced and presented to counterparties.

What happens if the legal situation changes after the opinion is issued?

A legal opinion is valid as of the date of issue and reflects the legal situation on that specific date. In the event of material changes to the regulatory regime, a change of jurisdiction, or new circumstances, COREDO can prepare an updated opinion or a supplement to the existing one. Timeline and cost depend on the scope of changes and are agreed individually.

Is a COREDO legal opinion recognised outside the EU?

Yes. COREDO prepares opinions recognised in jurisdictions outside the EU: USA, Switzerland, UAE, Singapore, Canada, and other countries. The receiving party determines the document format requirements, so when working with regulators or partners in a specific country, we recommend clarifying acceptance standards in advance.

Can a legal opinion be obtained on an expedited basis?

The standard preparation timeline for a legal opinion is one week. For urgent requests where a regulator’s or partner’s deadline requires expedited processing, priority handling is available — timelines and additional conditions are agreed during the intake phase. We recommend stating your deadline at the first point of contact so the COREDO team can plan workload immediately and confirm a realistic timeline.

Contact Us

Do you need a legal opinion for your business? Contact COREDO to discuss your legal question and receive a clear assessment.

Phone: +420 228 886 867 Email: info@coredo.eu Office: K Cervenemu dvoru 3269/25a, Prague, 130 00, Czech Republic Starting price: from EUR 500 Standard timeline: within one week